Advanced Flower Capital Inc. Announces Financial Results for the Third Quarter 2025

Core Insights - Advanced Flower Capital Inc. reported a GAAP net loss of $(12.5) million or $(0.57) per basic weighted average common share for Q3 2025, alongside Distributable Earnings of $3.5 million or $0.16 per share [1][2]. Financial Performance - The company experienced a net loss of $(12.5) million for the third quarter of 2025, translating to $(0.57) per basic weighted average common share [2]. - Distributable Earnings for the same period were reported at $3.5 million, equating to $0.16 per basic weighted average common share [2][17]. Strategic Developments - Shareholders approved the conversion of AFC from a mortgage REIT to a business development company (BDC), which is expected to broaden the investment scope beyond real estate-backed loans [4][5]. - The conversion is anticipated to be completed in the first quarter of 2026, pending customary conditions and regulatory requirements [5]. Market Opportunities - The CEO highlighted ongoing efforts to resolve nonaccrual positions and drive loan repayments, noting limited new capital entering the cannabis market [3]. - The company is actively exploring lending opportunities in the lower-middle market, aiming for attractive risk-adjusted returns [3]. Dividend Information - AFC paid a regular cash dividend of $0.15 per common share for Q3 2025 to shareholders of record as of September 30, 2025 [6].