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Mar 31, 2023
AFC Gamma Q1 2023 Earnings Report
AFC Gamma reported GAAP net income and Distributable Earnings for the first quarter of 2023.
Key Takeaways
AFC Gamma reported a GAAP net income of $10.0 million, or $0.49 per basic weighted average common share, and Distributable Earnings of $11.6 million, or $0.57 per basic weighted average common share for Q1 2023. The company maintained ample liquidity and repurchased $10.0 million in principal amount of its 2027 Senior Notes.
GAAP net income was $10.0 million, or $0.49 per basic weighted average common share.
Distributable Earnings was $11.6 million, or $0.57 per basic weighted average common share.
A dividend of $0.56 per common share was declared for the first quarter of 2023.
The company repurchased $10.0 million in principal amount of its 2027 Senior Notes.
Forward Guidance
The release contains forward-looking statements regarding future events and financial performance, which are subject to uncertainties and risks.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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