Welcome to our dedicated page for Advanced Flower Capital news (Ticker: AFCG), a resource for investors and traders seeking the latest updates and insights on Advanced Flower Capital stock.
Advanced Flower Capital Inc (AFCG) provides institutional financing solutions to state-compliant cannabis operators through its commercial mortgage REIT structure. This news hub offers investors and industry stakeholders centralized access to verified updates about the company's lending activities, risk management strategies, and market positioning.
Track critical developments including earnings announcements, loan portfolio expansions, regulatory compliance updates, and strategic partnerships. Our curated collection features press releases detailing first-lien mortgage transactions, construction financing milestones, and equipment leasing agreements secured by cannabis-related real estate assets.
Discover analysis of AFCG's disciplined credit underwriting practices and portfolio performance within evolving cannabis markets. The resource serves financial professionals seeking to monitor secured lending trends and institutional investment patterns in this specialized sector.
Bookmark this page for ongoing insights into how AFCG navigates complex regulatory environments while maintaining focus on real estate-backed transactions. Regularly updated content ensures informed decision-making about this niche REIT's operational and financial trajectory.
AFC Gamma (NASDAQ: AFCG) has announced the expected composition of its Board of Directors and that of Sunrise Realty Trust (SUNS) following the planned spin-off of its commercial real estate portfolio. The spin-off, due mid-2024, will see SUNS operating as a separate entity with REIT status, trading on Nasdaq. Key Board changes include the resignation of Jodi Hanson Bond and Jim Fagan from AFC Gamma’s Board, who will join SUNS post-spin-off. Alexander Frank will serve on both boards. AFC Gamma’s Board will consist of Leonard Tannenbaum, Thomas Harrison, Alexander Frank, Robert Levy, and Marnie Sudnow. SUNS’ Board will include Leonard Tannenbaum, Brian Sedrish, Alexander Frank, Jodi Hanson Bond, and Jim Fagan.
AFC Gamma, Inc. reported a GAAP net loss of $(0.1) million for the first quarter 2024, with Distributable Earnings of $10.0 million. They paid a dividend of $0.48 per common share for the same period. The company originated $90.4 million in loans, $34.0 million for cannabis operators and $56.4 million for real estate developers. AFC Gamma is optimistic about legislative developments in the cannabis industry. They encourage monitoring their website for updates. AFC Gamma will host a conference call to discuss the financial results.
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