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Mar 31, 2021
AFC Gamma Q1 2021 Earnings Report
AFC Gamma's financial results for the quarter ended March 31, 2021, were announced.
Key Takeaways
AFC Gamma reported a net income of $1.4 million, or $0.20 per basic share, and distributable earnings of $3.2 million, or $0.45 per basic share for Q1 2021. The company closed $21 million of new investments and funded $9.9 million during the quarter. The Board of Directors declared a $0.38 dividend for Q2 2021.
Net income for Q1 2021 was $1.4 million, or $0.20 per basic weighted average share.
Distributable earnings for Q1 2021 were $3.2 million, or $0.45 per basic weighted average share.
Net book value per common share at the end of Q1 2021 was $16.18.
The company closed $21 million in new investments and funded $9.9 million in Q1 2021.
Forward Guidance
AFCG expects that the distribution declared for the quarter ended June 30, 2021 to represent between 75% and 90% of distributable earnings for Q2 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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