Loading...
•
Mar 31, 2024
AFC Gamma Q1 2024 Earnings Report
AFC Gamma reported a GAAP net loss and distributable earnings for Q1 2024.
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.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...