AFC Gamma Inc. (AFCG) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this company would post earnings of $0.50 per share when it actually produced earnings of $0.49, delivering a surprise of -2%.Over the last four quarters, the company has sur ...

AFC Gamma, Inc. Announces Financial Results for Second Quarter 2024 Second quarter 2024 GAAP net income of $16.4 million or $0.80 per basic weighted average common share and Distributable Earnings of $11.4 million or $0.56 per basic weighted average common share Paid dividend of $0.48 per common share for second quarter 2024 (1) WEST PALM BEACH, FL, August 7, 2024 (GLOBE NEWSWIRE) – AFC Gamma, Inc. (NASDAQ:AFCG) ("Advanced Flower Capital", "AFC" or the "Company") today announced its results for the second q ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39995 AFC GAMMA, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Group 1 - AFC Gamma Inc. (AFCG) shares increased by 5.4% to $9.51 in the last trading session, following a significant volume of shares traded, contrasting with a 28.1% loss over the past four weeks [1] - The stock's rally was driven by positive sentiment regarding the recent spin-off of its commercial real estate portfolio into an independent company, Sunrise Realty Trust, Inc. (SUNS), allowing both companies to focus on their respective markets [1] - The spin-off is expected to enhance investor confidence by enabling each company to concentrate on its specialized portfolio and adjust business strategies accordingly [1] Group 2 - AFC Gamma is projected to report quarterly earnings of $0.50 per share, reflecting a year-over-year increase of 2%, while revenues are anticipated to decline by 6.8% to $16.48 million [2] - The consensus EPS estimate for AFC Gamma has remained stable over the past 30 days, indicating that stock price movements may not sustain without changes in earnings estimate revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook within the REIT and Equity Trust industry [3] Group 3 - AGNC Investment, another company in the same industry, saw a 1.4% increase in its stock price, closing at $10.51, with a month-to-date return of 6.6% [3] - AGNC's consensus EPS estimate has also remained unchanged at $0.53, representing a year-over-year decrease of 20.9%, and it holds a Zacks Rank of 3 (Hold) [3]

WEST PALM BEACH, Fla., July 15, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (Nasdaq: AFCG) ("Advanced Flower Capital" or "AFC") today announced that it plans to report earnings for the quarter ended June 30, 2024 on Wednesday, August 7, 2024. Advanced Flower Capital will host a conference call at 10:00 am Eastern Time on Wednesday, August 7, 2024 to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor ...

WEST PALM BEACH, Fla., July 15, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (Nasdaq: AFCG) (“Advanced Flower Capital” or “AFC”) today announced that it plans to report earnings for the quarter ended June 30, 2024 on Wednesday, August 7, 2024. Advanced Flower Capital will host a conference call at 10:00 am Eastern Time on Wednesday, August 7, 2024 to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor ...

Here Are Top Marijuana Stocks For Investors TodayMarijuana stocks are showing another drop in trading but this could be time to take advantage. The current state of the cannabis industry is in a progressive place. With more support for reform and better regulations, more people want to invest. More companies are working to build bridges through strategic partnerships to meet consumer demand.There are many cannabis users across the world and the legal market wants to service this need. The more a company can ...

Record Date for Distribution of Sunrise Realty Trust to be July 8, 2024Distribution Date to be July 9, 2024 WEST PALM BEACH, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- AFC Gamma, Inc. (NASDAQ:AFCG) ("AFC Gamma") today reconfirms that the spin-off of its commercial real estate portfolio into an independent, publicly-traded REIT, Sunrise Realty Trust, Inc. ("SUNS"), will be completed on July 9, 2024. Shareholders of AFC Gamma common stock as of the close of business on July 8, 2024 (the "Record Date") will recei ...

Aerial_Views/E+ via Getty Images Real Estate Weekly Outlook U.S. equity markets were little changed this week while long-term benchmark interest rates surged as investors assessed the potential political and economic fallout from a disastrous debate performance by President Biden, setting the stage for a potentially volatile and unpredictable second half of 2024. Beneath the political drama, investors parsed corporate commentary and economic data that pointed towards a further slowdown in U.S. consumer spen ...

Core Viewpoint - AFC Gamma, Inc. is set to complete the spin-off of its commercial real estate portfolio into a new publicly-traded REIT, Sunrise Realty Trust, Inc., on July 9, 2024, with a special dividend declared for shareholders [1][2]. Group 1: Spin-Off Details - The spin-off will allow holders of AFC Gamma common stock as of July 8, 2024, to receive one share of SUNS common stock for every three shares of AFCG common stock held [2]. - The distribution of SUNS shares is expected to occur before the market opens on July 9, 2024, with SUNS trading on Nasdaq under the symbol "SUNS" [2]. - Fractional shares will not be issued; instead, cash will be provided for any fractional shares [2]. Group 2: Special Dividend - The Board of Directors declared a special dividend of $0.15 per share of AFC Gamma common stock, payable on July 15, 2024, to shareholders of record as of July 8, 2024 [2]. Group 3: Company Overview - AFC Gamma, Inc. is an institutional lender that focuses on loans secured by commercial real estate, targeting direct lending and bridge loan opportunities typically ranging from $10 million to $100 million [3]. - The company specializes in lending to state-law compliant cannabis operators and is based in West Palm Beach, Florida [3].