AFC Gamma Q1 2024 Earnings Report
Key Takeaways
AFC Gamma reported a GAAP net loss of $(0.1) million, or $(0.01) per share, and Distributable Earnings of $10.0 million, or $0.49 per share, for the first quarter of 2024. The company originated $90.4 million of loans, including $34.0 million to cannabis operators and $56.4 million to commercial real estate developers.
GAAP net loss of $(0.1) million or $(0.01) per basic weighted average common share.
Distributable Earnings of $10.0 million or $0.49 per basic weighted average common share.
Paid dividend of $0.48 per common share for first quarter 2024.
Originated a total of $90.4 million of loans in the first quarter of 2024.
AFC Gamma
AFC Gamma
AFC Gamma Revenue by Segment
Forward Guidance
This release contains forward-looking statements that reflect our current views and projections with respect to, among other things, future events and financial performance.