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. reports developments as a publicly traded business development company that provides flexible credit solutions to lower middle-market companies. The company originates, structures, invests in and manages direct senior debt investments, including senior secured credit facilities for borrowers and sponsor-backed transactions across industries.
Recurring news for AFCG includes quarterly and annual financial results, net investment income, net asset value, Distributable Earnings, common stock distributions, investment fundings, leverage, and revolving credit facility activity. Company updates also cover its operating framework as a BDC and the financing sources used to support portfolio investments and general corporate purposes.
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AFC Gamma, Inc. (NASDAQ:AFCG) announced its upcoming earnings report for the quarter ending March 31, 2023, scheduled for May 10, 2023. The company will hold a conference call at 10:00 AM ET on the same day to discuss its financial results. Interested participants can join via a live audio webcast available on AFC Gamma's investor relations website or by registering for a telephone participation link. AFC Gamma specializes in lending solutions, particularly to state-law compliant cannabis operators, targeting loans between $5 million and $100 million across various real estate sectors.
AFC Gamma, Inc. (NASDAQ:AFCG) has appointed Brandon Hetzel as Chief Financial Officer and Treasurer, effective immediately. The Board of Directors approved this appointment on March 17, 2023. Hetzel has been with the company since September 2020 and has a strong background in real estate finance. He succeeds Brett Kaufman, who has left the company as part of efforts to rightsize the accounting team. Hetzel's experience includes work in real estate development and asset management, as well as a managerial role at PricewaterhouseCoopers. AFC Gamma specializes in lending secured by commercial real estate, including loans for state-law compliant cannabis operators.
AFC Gamma, Inc. (NASDAQ:AFCG) reported its fourth quarter 2022 GAAP net income at $2.9 million or $0.14 per share, with Distributable Earnings at $12.6 million or $0.62 per share. For the full year, GAAP net income was $35.9 million or $1.80 per share, with Distributable Earnings reaching $49.9 million or $2.51 per share. A cash dividend of $0.56 per share was declared for the first quarter of 2023. The company highlighted its strong liquidity position and continued focus on credit quality in the face of macro challenges, while Robyn Tannenbaum was appointed as President, signaling leadership continuity. The 2023 Annual Shareholders Meeting is scheduled for May 18, 2023.
AFC Gamma, Inc. (NASDAQ:AFCG) has announced its plans to report earnings for the fiscal year ended December 31, 2022, on March 7, 2023. A conference call will be held at 10:00 am ET on the same day to discuss the quarterly and annual financial results, and interested parties can participate via a live audio webcast on the company's website. AFC Gamma specializes in originating and underwriting loans secured by commercial real estate, targeting direct lending and bridge loan opportunities ranging from $5 million to $100 million across various sectors.