AFC Gamma(US:AFCG)2025-05-14 11:35Financial Performance - For Q1 2025, Advanced Flower Capital reported GAAP net income of $4.1 million, or $0.18 per basic weighted average common share, and Distributable Earnings of $4.5 million, or $0.21 per basic weighted average common share[1][2]. - The reconciliation of GAAP net income to Distributable Earnings showed a net income of $4,067,685 and Distributable Earnings of $4,543,906 for the three months ended March 31, 2025[14]. - The basic weighted average shares of common stock outstanding increased to 22,097,979 in Q1 2025 from 20,393,875 in Q1 2024[14]. Dividends - The company paid a regular cash dividend of $0.23 per common share for Q1 2025 on April 15, 2025[3]. - The company emphasizes the importance of Distributable Earnings as a measure to assess overall performance and intends to distribute at least 90% of its annual REIT taxable income[12]. Business Strategy - Advanced Flower Capital aims to reduce exposure to underperforming credits while providing debt capital to accomplished operators, focusing on quality credits with strong risk-adjusted returns[3]. - The management's forward-looking statements indicate a focus on future growth and strategies, subject to inherent uncertainties[15]. - Advanced Flower Capital operates as a commercial mortgage REIT, providing loans ranging from $10 million to over $100 million to state law compliant cannabis operators in the U.S.[8]. Investor Relations - The company encourages stakeholders to monitor its Investor Relations webpage for important updates and disclosures[5]. - The Q1 2025 earnings presentation is available on the company's website for further details on financial results[4].