AFC Gamma Q4 2022 Earnings Report
Key Takeaways
AFC Gamma announced its Q4 and full year 2022 results, reporting a net income of $2.9 million, or $0.14 per basic share, and Distributable Earnings of $12.6 million, or $0.62 per basic share for the fourth quarter. The company's ample liquidity and focus on credit quality are expected to drive capital deployment in commercial real estate and state-compliant cannabis operators in 2023.
GAAP net income for Q4 2022 was $2.9 million, or $0.14 per basic weighted average common share.
Distributable Earnings for Q4 2022 were $12.6 million, or $0.62 per basic weighted average common share.
A dividend of $0.56 per common share was declared for Q1 2023.
Robyn Tannenbaum was appointed as the Company’s President.
AFC Gamma
AFC Gamma
Forward Guidance
AFC Gamma is pleased with their liquidity position and believes that their focus on credit quality, coupled with their ample liquidity, will prove valuable as they look to deploy capital both in commercial real estate assets and state-compliant cannabis operators over the course of 2023.