NASDAQ$AFCG
AFC Gamma Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
AFC Gamma reported GAAP net income and distributable earnings for the second quarter of 2024, and paid a dividend of $0.48 per common share.
AFC Gamma announced strong performance in the second quarter of 2024, marked by 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. The company paid a dividend of $0.48 per common share for the second quarter 2024. AFC is now a pure-play cannabis lender after the spin-off of their commercial real estate portfolio on July 9, 2024.
- Reported GAAP net income of $16.4 million, or $0.80 per basic weighted average common share.
- Distributable Earnings were $11.4 million, or $0.56 per basic weighted average common share.
- Paid a dividend of $0.48 per common share for the second quarter 2024.
- AFC is now a pure-play cannabis lender after the spin-off of commercial real estate portfolio.
Headline financials
Revenue & EPS history
AFC Gamma · Revenue · Quarterly
$18.4M
Forward guidance
The company is on track to meet or exceed the $100 million origination goal for this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.4%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.8%
Avg return
30 days after
55%
12 / 22 earnings
Positive
+11.8%
Q2 2024
Best reaction
-20.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.8% | +17.3% | +26.0% | |
| Q4 2025 | +8.6% | +16.3% | +27.1% | |
| Q3 2025 | +0.9% | -6.8% | +8.6% | |
| Q1 2025 | -4.7% | -10.7% | -21.2% | |
| Q4 2024 | -20.4% | -23.7% | -43.9% | |
| Q3 2024 | -2.1% | +2.1% | +1.5% | |
| Q2 2024 | +11.8% | +11.8% | +19.1% | |
| Q1 2024 | -0.6% | +0.2% | -2.0% | |
| Q4 2023 | +4.1% | +8.8% | +5.2% | |
| Q3 2023 | -0.4% | -4.6% | +11.7% | |
| Q2 2023 | -3.1% | -3.4% | -3.5% | |
| Q1 2023 | -4.1% | -2.8% | +13.6% | |
| Q4 2022 | -7.7% | -15.6% | -25.4% | |
| Q3 2022 | -9.7% | -6.9% | -1.6% | |
| Q2 2022 | +1.5% | +2.1% | -3.5% | |
| Q1 2022 | +9.7% | +17.8% | +16.2% | |
| Q4 2021 | +0.0% | +0.4% | -5.9% | |
| Q3 2020 | +2.1% | +3.5% | -5.1% | |
| Q3 2021 | +2.1% | +3.5% | -5.1% | |
| Q2 2021 | +0.5% | -0.4% | +5.3% | |
| Q4 2020 | +4.8% | +4.2% | +11.2% | |
| Q1 2021 | +4.8% | +4.2% | +11.2% |
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