AFC Gamma

AFC Gamma, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.

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AFC Gamma reports solid Q4 earnings, diversifies into real estate

AFC Gamma delivered strong financial performance in Q4 2022, maintaining a robust balance sheet and prudent dividend policy.
The company's strategic shift towards non-cannabis commercial real estate financing signals a proactive approach to diversification and growth.
While facing challenges in finding suitable cannabis investments and credit risks, AFC Gamma's focus on balanced asset allocation and high yields presents opportunities for sustained success.
Investors should monitor AFC Gamma's progress in executing its new investment strategy and achieving the envisioned balance between cannabis and non-cannabis assets.

AFC Gamma reports solid Q1 earnings amidst cannabis market growth

AFC Gamma's Q1 2023 performance showcased strong distributable earnings, a conservative capital strategy, and positive market trends in key states. The company's focus on diversified revenue streams, strong balance sheet, and commitment to shareholder returns position it well for future growth. While facing industry challenges and economic uncertainties, AFC Gamma has opportunities to capitalize on market trends and expand its market presence.

AFC Gamma reports strong Q2 earnings, eyes noncannabis real estate lending

AFC Gamma delivered solid financial results, maintained a strong balance sheet, and demonstrated prudent capital deployment. Challenges with certain borrowers highlight the importance of active portfolio management and diversification. The company's focus on noncannabis real estate lending presents a promising avenue for growth.

AFC Gamma appoints new CEO, reports strong Q3 earnings

AFC Gamma's Q3 performance reflects solid distributable earnings, strategic investments in the cannabis sector, and a robust balance sheet.
The company's strengths include consistent dividend payouts, focus on quality operators, and successful CEO transition.
Challenges include market dynamics and regulatory uncertainties, while opportunities exist in leveraging the strong balance sheet and exploring growth avenues.
Overall, AFC Gamma's earnings call highlights a mix of performance, strengths, challenges, and opportunities in the evolving cannabis industry.

AFC Gamma reports strong Q4 earnings, eyes cannabis industry growth

AFC Gamma delivered strong financial performance in Q4 2023, driven by robust net interest income and distributable earnings, supported by a solid portfolio and strategic initiatives.
While facing challenges in the cannabis lending sector and asset optimization, AFC's strengths lie in its diversified loan portfolio, strategic agility, and strong balance sheet.
Opportunities exist for AFC to capitalize on the cannabis industry growth, optimize assets, and enhance risk management practices to drive sustainable long-term value creation.
Investors should note AFC's performance, strengths, challenges, and opportunities to assess the company's position in the market and potential for future growth and returns.

AFC Gamma reports robust Q1 earnings, eyes cannabis industry growth

AFC Gamma's Q1 2024 Earnings Call highlighted strong financial performance, operational efficiency, and strategic growth initiatives. While facing challenges like GAAP net loss and regulatory uncertainties, the company is well-positioned to capitalize on growth opportunities in the cannabis and real estate sectors.

AFC Gamma reports robust Q2 earnings amidst cannabis market optimism

AFC Gamma (AFCG) delivered strong financial results in Q2 2024, driven by robust performance in cannabis lending and strategic portfolio management.
While facing challenges in a dynamic industry landscape, AFC's focus on high yields and prudent risk management remains key to sustained success.
Opportunities for growth lie in market expansions and industry trends, positioning AFC to capitalize on the evolving cannabis market.

AFC Gamma exceeds origination targets, navigates cannabis sector challenges

AFC Gamma's strong performance, proactive capital raising, and focus on high-yield opportunities position them well in the market.
Challenges include potential regulatory hurdles and credit risk concerns, but opportunities exist in the evolving cannabis sector landscape.
Investors received a dividend of $0.33 per common share, reflecting AFC's commitment to shareholder value and financial stability.
Overall, AFC's strategic moves and financial results in Q3 2024 indicate a resilient and growth-oriented approach to the market.

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Advanced Flower Capital, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.

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WEST PALM BEACH, Fla., Jan. 03, 2022 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (“AFC Gamma”) (Nasdaq: AFCG), a commercial real estate finance company that provides loans to operators in the cannabis industry, today announced that it has launched an underwritten public offering (the “Offering”) of 3,000,000 shares of its common stock. AFC Gamma intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional 450,000 shares of common stock.

AFC Gamma, Inc. Announces Launch of Common Stock Offering

Cannabis real estate investment trust AFC Gamma, Inc. (NASDAQ:AFCG) revealed Monday that the company's gross funding for the quarter ended Dec. 31, 2021, totaled $125.6 million. Based in West Palm Beach, Florida, its net funding, taking into account loan repayments and amortization, was $120.6 million.

Cannabis REIT AFC Gamma: Record $127.3M In Gross Originations In Q4, $341.3M On Total Commitments

Closed $341.3 Million of Total Commitments in 2021 Closed $341.3 Million of Total Commitments in 2021

AFC Gamma Posts Record $127.3 Million in Gross Originations for Quarter Ended December 31, 2021

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Vertically integrated cannabis company Acreage Holdings, Inc. (OTCQX:ACRDF) announced Thursday that it has secured a $150 million credit facility with cannabis real estate investment trust AFC Gamma, Inc. (NASDAQ:AFCG) and Viridescent Realty Trust, Inc.   Pursuant to the terms of the credit facility, the New York-based company can immediately use $100 million, while a further $50 million is available in future periods under a committed accordion option once certain, predetermined milestones are achieved.

Acreage Secures $150M In Financing Via Senior Secured Credit Facility With AFC Gamma & Viridescent Realty Trust

U.S. cannabis firm Acreage Holdings Inc said on Thursday it had secured a $100 million credit line from cannabis REIT AFC Gamma Inc and Viridescent Realty Trust, indicating growing investor optimism in a sector still underfinanced by traditional lenders.

Cannabis firm Acreage gets $100 million credit facility from AFC Gamma, Viridescent Realty

AFC Gamma Commits $60 Million of the $100 Million Credit Facility

AFC Gamma and Viridescent Realty Trust Provide Acreage Holdings with $100 Million Senior Secured Credit Facility

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Quarterly dividend increases by approximately 16% from $0.43 per share last quarter Quarterly dividend increases by approximately 16% from $0.43 per share last quarter

AFC Gamma Declares $0.50 Dividend Per Share For The Quarter Ending December 31, 2021

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High on Growth: Cannabis REITs are far-and-away the best-performing REIT sector of the past half-decade as the budding industry thrives in the murky and often contradictory regulatory framework of legalized marijuana. Joining Innovative Industrial, Power REIT, and AFC Gamma, a pair of newcomers will soon enter the pot party - Chicago Atlantic Real Estate Finance and Freehold Properties - both operating as mortgage REITs.

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In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REITs are no longer cheap, but premium valuations have revived the "animal spirits" and sparked a much-needed wave of M&A and IPO activity which has facilitated accretive external growth.

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The Secure and Fair Enforcement Banking (SAFE) Act has stalled once again.

Cannabis Real Estate Is Smoking Hot

AFCG operates an extremely profitable business model of lending at high yields to state-licensed cannabis companies. AFCG's spread between its cost of capital and its asset yields is one of the highest in REITdom.

AFC Gamma: Attractive 7.2% Yield As Long As Federal Legislation Remains Unchanged

AFC Gamma, Inc. (AFCG) CEO Leonard Tannenbaum on Q3 2021 Results - Earnings Call Transcript

Company to host a conference call at 8:30 am (Eastern Time) on Thursday, November 4, 2021 Company to host a conference call at 8:30 am (Eastern Time) on Thursday, November 4, 2021

AFC Gamma, Inc. Announces Financial Results for Quarter Ended September 30, 2021

Are Cannabis REITs The Best Long Term Investments In Pot Stocks? The post Looking for Top Marijuana Stocks For Long Term Investing?2 Cannabis REITs For Your November Watchlist appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

Looking for Top Marijuana Stocks For Long Term Investing?2 Cannabis REITs For Your November Watchlist

AFC Gamma, Inc. (NASDAQ:AFCG) confirmed Thursday it has priced an offering of $100 million aggregate principal amount of 5.750% senior notes due 2027 to qualified institutional buyers. The Cannabis-focused commercial real estate finance company previously announced the offering at the beginning of October.

AFC Gamma Raises $100M Via Senior Note Offering To Support Cannabis Businesses

WEST PALM BEACH, Fla., Oct. 28, 2021 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (“AFC Gamma”) (Nasdaq: AFCG) announced today that it priced an offering (the “Offering”) of $100 million aggregate principal amount of 5.750% Senior Notes due 2027 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes mature on May 1, 2027. Interest on the Notes is payable semi-annually in arrears on May 1 and November 1 of each year, with the first payment on May 1, 2022. The offering is expected to close on November 3, 2021, subject to customary closing conditions.

AFC Gamma Prices Offering of 5.750% Senior Notes Due 2027

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We're at the halfway point of another newsworthy real estate earnings season with roughly 75 REITs reporting third quarter results. We discuss the highlights and major developments thus far.

Rents Are Absolutely Soaring

News for AFC Gamma Stock (AFCG)