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Advanced Flower Capital Inc. (AFCG)
NASDAQ:AFCG
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.21Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced meaningful strategic progress and near-term commercial traction — notably the REIT-to-BDC conversion, $117M of paydowns, a greatly expanded $1.4B pipeline, and new lower middle market deals with attractive reported yields — against persistent legacy credit challenges, a sizeable GAAP loss for 2025, three nonaccrual loans, meaningful CECL reserves (18.2%), unrealized losses, and upcoming debt maturities that create refinancing risk. Highlights show clear paths to redeploy capital into higher-yielding middle market loans, but recovery timing on underperforming assets and the GAAP loss temper the near-term outlook.Company Guidance
Conversion to a BDC Expands Investment Universe
Completed conversion from a REIT to a BDC effective 01/01/2026, enabling investment beyond real-estate-backed loans into a broader set of cash-flowing lower middle market opportunities.
Significant Paydowns and Portfolio Liquidity Events
Received $117,000,000 of paydowns from the start of 2025 through the call date, including repayment of two loans subsequent to year-end at par plus $1,800,000 of prepayment/exit fees.
Active Pipeline Expansion
Active pipeline grew to $1,400,000,000 from $400,000,000 last quarter (increase of $1,000,000,000, or +250%), attributed primarily to the REIT-to-BDC conversion and expanded investable universe.
New Lower Middle Market Deals and Deployment
Closed a $60,000,000 senior secured facility in January (Stat/Morsby) and committed $30,000,000 to a $60,000,000 senior secured loan in February (funded $20,000,000 at closing); Robyn also reported $89,700,000 of new commitments closed subsequent to year-end.
Attractive Yields on New Loans
Recent lower middle market deals show reported yields to maturity in the deck of approximately 14% and 19% for the two most recent loans referenced.
Distributable Earnings Positive for Fiscal Year
Distributable earnings for full-year 2025 were $8,700,000, or $0.39 per basic weighted average common share (contrasted with Q4 distributable earnings of negative $2,800,000 or -$0.12 per share).
Net Interest Income and Growing Principal Outstanding
Net interest income was $5,200,000 for Q4 and $24,600,000 for the full year. Principal outstanding rose from $317,400,000 across 15 loans at 12/31/2025 to $366,400,000 across 15 loans as of 02/25/2026.
Shareholder Return Activity
Board declared a Q1 dividend of $0.05 per share (payable 04/15/2026) and the company repurchased $13,000,000 of unsecured bonds during the quarter.
Capital Structure and Book Value
Total assets of $275,600,000, total shareholder equity of $175,600,000, and book value per share of $7.46 reported as of 12/31/2025.
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
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 | -3.73% |
May 14, 2025 | $5.38 | $5.10 | -5.20% |
Mar 13, 2025 | $7.62 | $6.07 | -20.39% |
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 Advanced Flower Capital Inc. (AFCG) report earnings?
Advanced Flower Capital Inc. (AFCG) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Advanced Flower Capital Inc. (AFCG) earnings time?
Advanced Flower Capital Inc. (AFCG) earnings time is at May 12, 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 2026 (Q1) is 0.17.