NASDAQ$AFCG
AFC Gamma Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
AFC reported GAAP net income and distributable earnings, surpassing their origination target through active portfolio management.
AFC Gamma announced its Q3 2024 financial results, reporting a GAAP net income of $1.4 million, or $0.06 per share, and Distributable Earnings of $7.2 million, or $0.35 per share. They also paid a dividend of $0.33 per share. The company exceeded its 2024 origination target of $100 million.
- GAAP net income was $1.4 million, or $0.06 per basic weighted average common share.
- Distributable Earnings were $7.2 million, or $0.35 per basic weighted average common share.
- Paid a post-spin dividend of $0.33 per common share for Q3 2024.
- Surpassed the 2024 origination target of $100 million in new originations.
Headline financials
Revenue & EPS history
AFC Gamma · Revenue · Quarterly
$8.88M
Forward guidance
The release contains forward-looking statements regarding future events and financial performance, subject to uncertainties and risks outlined in AFC's SEC filings. The company does not undertake any obligation to update these statements.
Headwinds
- Forward-looking statements are subject to uncertainties.
- Future results and performance could differ materially from projections.
- Ability of manager to locate suitable loan opportunities.
- Demand for cannabis cultivation and processing facilities and dispensaries.
- Management’s current estimate of expected credit losses.
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 Q3 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% |
Discussion
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