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Mar 31, 2022
AFC Gamma Q1 2022 Earnings Report
AFC Gamma reported strong first quarter results with increased net interest income and distributable earnings.
Key Takeaways
AFC Gamma announced strong Q1 2022 results, featuring a net income of $10.2 million, distributable earnings of $11.9 million, and a dividend of $0.55 per share. The company also closed $154.2 million of new commitments and funded $131.5 million of new and existing commitments.
Net income was $10.2 million, or $0.53 per basic weighted average share.
Distributable earnings were $11.9 million, or $0.62 per basic weighted average share.
A dividend of $0.55 per common share was paid, a 10% increase from the prior quarter.
Total loan commitments reached $482.7 million across 12 portfolio companies.
AFC Gamma
AFC Gamma
Forward Guidance
The Board expects that the quarterly dividend should remain at least $0.55 per common share over the course of 2022.