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Jun 30, 2023
AFC Gamma Q2 2023 Earnings Report
AFC Gamma reported GAAP net income and distributable earnings for the second quarter of 2023 and declared a dividend of $0.48 per common share.
Key Takeaways
AFC Gamma announced its Q2 2023 results, reporting a GAAP net income of $12.1 million or $0.59 per basic weighted average common share, and Distributable Earnings of $9.9 million or $0.49 per basic weighted average common share. The company declared a dividend of $0.48 per common share for the second quarter.
GAAP net income was $12.1 million, or $0.59 per basic weighted average common share.
Distributable Earnings were $9.9 million, or $0.49 per basic weighted average common share.
A dividend of $0.48 per common share was declared for the second quarter of 2023.
The company is managing its portfolio with a hands-on approach, decreasing exposure to certain challenged credits through prepayments and sales.
Forward Guidance
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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