The earnings call highlighted strategic changes such as the proposed conversion to a BDC and an expanded credit facility, which could offer growth and diversification opportunities. However, these positives were offset by significant financial challenges, including a net loss, underperforming loans, and increased credit reserves, reflecting ongoing difficulties in the cannabis market.

Company Guidance -

Q3 2025

During the second quarter 2025 earnings call for Advanced Flower Capital, the company provided guidance on several key metrics and strategic initiatives. The firm reported distributable earnings of $0.15 per basic weighted average share of common stock, with a declared dividend of $0.15 per share. The net interest income totaled $6.2 million, while the GAAP net loss was $13.2 million or $0.60 per share. The portfolio consisted of $359.6 million in principal outstanding across 15 loans, with a weighted average portfolio yield to maturity of approximately 17% as of August 1, 2025. A significant focus was on the proposed conversion from a Real Estate Investment Trust (REIT) to a Business Development Company (BDC), aiming to broaden investment opportunities beyond real estate-backed assets. The management also highlighted challenges with underperforming loans, noting a $44 million CECL reserve, and discussed ongoing legal proceedings related to enforcing rights under credit facilities. The call emphasized the potential impact of cannabis rescheduling discussions on the market, which could bolster asset valuations and improve loan recoveries.

Proposed Conversion to a Business Development Company (BDC)

Advanced Flower Capital announced its intention to convert from a REIT to a BDC. This conversion is expected to expand the investment universe and allow the company to lend to operators without real estate coverage, potentially increasing opportunities.

Expansion of Senior Secured Revolving Credit Facility

During the second quarter of AFC expanded a senior secured revolving credit facility from $30 million to $50 million, with an additional $20 million commitment from the facility's lead arranger.

Potential Rescheduling of Cannabis

There is talk of cannabis rescheduling being considered by the Trump administration, which could increase the supply of capital for cannabis companies and lead to potentially better recoveries for troubled loans.

AFC Gamma (AFCG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AFCG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.21 / -	0.35	―	―	―
Aug 14, 2025	2025 (Q2)	0.20 / 0.15	0.56	-73.21% (-0.41)
May 14, 2025	2025 (Q1)	0.24 / 0.21	0.335	-37.31% (-0.13)
Mar 13, 2025	2024 (Q4)	0.37 / 0.29	0.335	-13.43% (-0.05)
Nov 13, 2024	2024 (Q3)	0.34 / 0.35	0.335	4.48% (+0.01)
Aug 07, 2024	2024 (Q2)	0.35 / 0.56	0.404	38.61% (+0.16)
May 09, 2024	2024 (Q1)	0.34 / 0.34	0.39	-14.10% (-0.05)
Mar 07, 2024	2023 (Q4)	0.34 / 0.34	0.424	-20.99% (-0.09)
Nov 08, 2023	2023 (Q3)	0.34 / 0.34	0.4	-16.25% (-0.07)
Aug 08, 2023	2023 (Q2)	0.37 / 0.40	0.472	-14.41% (-0.07)

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

AFCG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$4.56	$4.39	-3.73%
May 14, 2025	$5.59	$5.30	-5.19%
Mar 13, 2025	$7.91	$6.30	-20.35%
Nov 13, 2024	$8.47	$8.28	-2.24%

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.

FAQ

When does AFC Gamma (AFCG) report earnings?

AFC Gamma (AFCG) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is AFC Gamma (AFCG) earnings time?

AFC Gamma (AFCG) earnings time is at Nov 05, 2025, Before Open (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 (Q3) is 0.21.

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