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AFC Gamma (AFCG)
NASDAQ:AFCG
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -25.21%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presents both positive developments in terms of exceeding origination targets and managing underperforming assets, but is weighed down by significant lowlights, particularly issues with Justice Grown and the resulting impact on earnings and dividends.Company Guidance
In the AFC's Fourth Quarter and Fiscal Year 2024 Earnings Call, the company provided detailed guidance and updates for the upcoming year. AFC outlined their achievements in 2024, surpassing their origination goal by closing $135 million in new commitments against a target of $100 million. The company plans to continue focusing on cannabis investments, with an active deal pipeline of over $380 million as of March 1, 2025. They emphasized improving portfolio diversification and underwriting processes, reducing exposure to underperforming credits, and actively managing their portfolio to preserve capital. AFC's distributable earnings for the fourth quarter were $0.29 per share, and they declared a first-quarter dividend of $0.23 per share for 2025. Their portfolio had a weighted average yield to maturity of approximately 18% with $356.8 million in principal outstanding across 16 loans at the end of 2024. AFC expressed a commitment to backing strong operators within the cannabis industry, despite ongoing challenges with certain underperforming credits.Successful Originations Exceeding Goals
AFC set a goal of $100 million in originations for fiscal year 2024 and exceeded it by originating $135 million in new commitments. Since the end of 2024, they have closed an additional $15 million in new commitments.
Strong Active Deal Pipeline
As of March 1, 2025, AFC reported an active deal pipeline of over $380 million, indicating strong demand for capital in the cannabis sector.
Portfolio Management Success
In 2024, AFC received $119 million of paydowns from underperforming credits and redeployed that capital across nine new loans, which could unlock future earnings potential.
Positive Outcomes Related to Loan Exits
AFC successfully exited five underperforming loans in 2024, including a significant $84 million exit of a loan to a subsidiary of Public Company H, with a full paydown at par.
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AFCG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AFCG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $8.49 | $6.76 | -20.38% |
| Nov 13, 2024 | $9.09 | $8.88 | -2.31% |
| Aug 07, 2024 | $8.08 | $8.76 | +8.42% |
| May 09, 2024 | $7.51 | $7.46 | -0.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AFC Gamma (AFCG) report earnings?
AFC Gamma (AFCG) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is AFC Gamma (AFCG) earnings time?
AFC Gamma (AFCG) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AFCG EPS forecast?
AFCG EPS forecast for the fiscal quarter 2025 (Q1) is 0.26.
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