Advanced Flower Capital Announces Dividend for the Second Quarter 2025

Core Points - Advanced Flower Capital Inc. declared a quarterly dividend of $0.15 per share for the quarter ending June 30, 2025, payable on July 15, 2025 [1] - The second quarter dividend was affected by a realized loss related to a loan to Public Company A [2] Company Overview - Advanced Flower Capital Inc. is a commercial mortgage real estate investment trust (REIT) that provides loans to state law compliant cannabis operators in the U.S., with loans ranging from $10 million to over $100 million [3] - The company is based in West Palm Beach, Florida, and leverages a deep network and significant expertise in credit and cannabis to manage its loan portfolio [3] Financial Metrics - The company uses "Distributable Earnings" as a non-GAAP financial measure to evaluate performance, which excludes certain transactions and GAAP adjustments [4][6] - Distributable Earnings is defined as net income excluding stock-based compensation, depreciation, unrealized gains/losses, and other non-cash items [6] - The determination of Distributable Earnings is similar to Core Earnings but includes Incentive Compensation earned during the period [5] Dividend Policy - As a REIT, the company is required to distribute at least 90% of its annual taxable income, which influences its dividend payments [7] - Distributable Earnings is one of the factors considered by the Board of Directors when authorizing dividends, although it is not a direct measure of net taxable income [8]