AFC Gamma, Inc. (AFCG)
| Market Cap | 251.73M |
| Revenue (ttm) | 62.10M |
| Net Income (ttm) | 10.87M |
| Shares Out | 20.67M |
| EPS (ttm) | 0.52 |
| PE Ratio | 23.42 |
| Forward PE | 5.97 |
| Dividend | $1.92 (15.76%) |
| Ex-Dividend Date | Jul 8, 2024 |
| Volume | 128,282 |
| Open | 12.14 |
| Previous Close | 12.08 |
| Day's Range | 12.06 - 12.25 |
| 52-Week Range | 10.41 - 14.60 |
| Beta | 1.05 |
| Analysts | Hold |
| Price Target | 12.00 (-1.48%) |
| Earnings Date | Aug 6, 2024 |
About AFCG
AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The company has elected and qualified to be taxed as a real estate investment trust for the Un... [Read more]
Financial Performance
In 2023, AFC Gamma's revenue was $64.18 million, a decrease of -14.07% compared to the previous year's $74.68 million. Earnings were $20.95 million, a decrease of -41.69%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for AFCG stock is "Hold." The 12-month stock price forecast is $12.0, which is a decrease of -1.48% from the latest price.
News
AFC Gamma Announces Record Date and Special Dividend for Spin-Off of Commercial Real Estate Portfolio
Record Date for Distribution of Sunrise Realty Trust to be July 8, 2024 Distribution Date Expected to be July 9, 2024 Board of Directors Declares $0.15 per Share Spin-Off Special Dividend
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AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H
WEST PALM BEACH, Fla., June 04, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it has successfully exited its $84.0 million loan to Subsidiary of Public Comp...
AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate Portfolio
WEST PALM BEACH, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ: AFCG) (“AFC Gamma”) today announced the anticipated composition of the Boards of Directors for each of AFC Gamma and Su...
AFC Gamma, Inc. Announces Financial Results for First Quarter 2024
First quarter 2024 GAAP net loss of $(0.1) million or $(0.01) per basic weighted average common share and Distributable Earnings ( 1) of $10.0 million or $0.49 per basic weighted average common shar...
AFC Gamma, Inc. Schedules First Quarter 2024 Earnings Conference Call for May 9, 2024
WEST PALM BEACH, Fla., April 10, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it plans to report earnings for the quarter ended March 31, 2024 on Thursday,...
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AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities
Represents AFC Gamma's Second Transaction in Florida's Growing Medical Cannabis Market Represents AFC Gamma's Second Transaction in Florida's Growing Medical Cannabis Market
AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2023
Fourth quarter 2023 GAAP net loss of $(9.2) million or $(0.45) per basic weighted average common share and Distributable Earnings ( 1) of $10.0 million or $0.49 per basic weighted average common shar...
AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company
WEST PALM BEACH, Fla., Feb. 22, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that its Board of Directors has unanimously approved a plan to spin-off its commerc...
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AFC Gamma Closes Two Syndicated Commercial Real Estate Loans
Commercial Real Estate Transactions Totaling $56.4 million during January 2024 Commercial Real Estate Transactions Totaling $56.4 million during January 2024
AFC Gamma, Inc. Schedules Fourth Quarter and Annual 2023 Earnings Conference Call for March 7, 2024
WEST PALM BEACH, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) today announced that it plans to report earnings for the quarter and fiscal year ended December 31,...
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AFC Gamma Announces Fourth Quarter 2023 Dividend
Declares $0.48 dividend per share for the quarter ending December 31, 2023 Declares $0.48 dividend per share for the quarter ending December 31, 2023
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AFC Gamma, Inc. Announces Financial Results for Third Quarter 2023
Third quarter GAAP net income of $8.0 million or $0.39 per basic weighted average common share and Distributable Earnings ( 1) of $9.9 million or $0.49 per basic weighted average common share
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AFC Gamma, Inc. Announces Appointment of Daniel Neville as New Chief Executive Officer
Brings Extensive Operational Experience and Deep Cannabis Knowledge Leonard Tannenbaum to Transition to Role of Chief Investment Officer WEST PALM BEACH, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- AFC Ga...