AFC Gamma Q3 2022 Earnings Report
Key Takeaways
AFC Gamma announced its Q3 2022 financial results, reporting a net income of $11.5 million, a 45% increase from Q3 2021, and distributable earnings of $11.8 million, a 64% increase from Q3 2021. The company paid a dividend of $0.56 per common share, representing a 30% increase from Q3 2021.
Net income of $11.5 million, a 45% increase from Q3 2021.
Distributable earnings of $11.8 million, a 64% increase from Q3 2021.
Dividend of $0.56 per common share, a 30% increase from Q3 2021.
Book value of $17.06 per share as of September 30, 2022, a 2.7% increase compared to December 31, 2021.
AFC Gamma
AFC Gamma
Forward Guidance
AFC Gamma continues to act disciplined in its approach towards deploying capital to new and existing operators. Given substantial repayments subsequent to quarter end, the company's balance sheet remains strong, and they have ample capacity to complete additional deals with strong risk-adjusted returns.