The call highlighted significant shareholder support for the conversion to a BDC and successful loan repayments, indicating strategic growth and diversification opportunities. However, financial challenges, including a net loss, non-performing loans, and dividend suspension, reflect ongoing operational hurdles.

Company Guidance

During the Q3 2025 earnings call for Advanced Flower Capital Inc., several key metrics and guidance elements were discussed. The company generated distributable earnings of $0.16 per basic weighted average share and declared a third-quarter dividend of $0.15 per common share, paid on October 15, 2025. The firm is transitioning from a mortgage REIT to a Business Development Company (BDC), with shareholder approval for this change having been secured with over 94% of votes in favor. This transition, anticipated to complete in 2026, is expected to broaden their investment mandate beyond real estate and cannabis, allowing for diversification. As of September 30, 2025, the company had a total of $332.8 million in principal outstanding across 14 loans, with a capital pipeline of approximately $350 million, mostly outside cannabis. The Board continues to evaluate quarterly dividends, especially given a $4 million anticipated taxable loss, and has decided not to distribute dividends in Q4 2025. The company's CECL reserve was reported at $51.3 million, representing 18.7% of loans at carrying value.

Shareholder Approval for BDC Conversion

Over 94% of votes cast were in favor of the proposals to convert from a REIT to a BDC, showing strong shareholder support and engagement.

Successful Loan Payoffs

Private Company J paid off its term loan ahead of maturity, totaling $23,200,000. A subsidiary of Public Company S also paid off their term loan, contributing to $43,000,000 of principal repayments since Q2.

Expanded Investment Mandate

Board approval of an expanded investment mandate includes direct lending opportunities outside the cannabis industry, broadening the company's investment universe.

Pipeline Development

Advanced Flower Capital has built a pipeline of approximately $350,000,000 for 2026, focusing on both cannabis and non-cannabis lending opportunities.

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
Mar 05, 2026	2025 (Q4)	0.15 / -	0.29	―	―	―
Nov 12, 2025	2025 (Q3)	0.20 / 0.16	0.35	-54.29% (-0.19)
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)

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
Nov 12, 2025	$3.24	$3.26	+0.62%
Aug 14, 2025	$4.39	$4.23	-3.64%
May 14, 2025	$5.38	$5.10	-5.20%
Mar 13, 2025	$7.62	$6.07	-20.34%

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, Inc. (AFCG) report earnings?

Afc Gamma, Inc. (AFCG) is schdueled to report earning on Mar 05, 2026, Before Open (Confirmed).

What is Afc Gamma, Inc. (AFCG) earnings time?

Afc Gamma, Inc. (AFCG) earnings time is at Mar 05, 2026, 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 (Q4) is 0.15.

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