institutional lender to leading cannabis companies with strong operations and cash-flow prospects, real-estate-security and other collateral, and locations in states with favorable supply/demand fundamentals and legislative environments. afc's platform provides innovative and customized financing solutions through first-lien loans, mortgage loans, construction loans, equipment loans, and bridge financings. the senior-management team of the company have more than 20 years of experience in disciplined credit investing across a range of economic cycles.
Company profile
Ticker
AFCG
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AFCG TRS1, LLC • SUNRISE REALTY TRUST, INC. ...
IRS number
851807125
AFCG stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
9 Apr 24
DEFA14A
Additional proxy soliciting materials
9 Apr 24
DEF 14A
Definitive proxy
9 Apr 24
8-K
Entry into a Material Definitive Agreement
29 Mar 24
8-K
AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2023
7 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Entry into a Material Definitive Agreement
22 Feb 24
8-K
AFC Gamma, Inc. Announces Financial Results for Third Quarter 2023
8 Nov 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
AFC Gamma, Inc. Announces Appointment of Daniel Neville as New Chief Executive Officer
30 Oct 23
Transcripts
AFCG
Earnings call transcript
2023 Q4
7 Mar 24
AFCG
Earnings call transcript
2023 Q3
8 Nov 23
AFCG
Earnings call transcript
2023 Q2
8 Aug 23
AFCG
Earnings call transcript
2023 Q1
10 May 23
AFCG
Earnings call transcript
2022 Q4
7 Mar 23
AFCG
Earnings call transcript
2022 Q3
8 Nov 22
AFCG
Earnings call transcript
2022 Q2
9 Aug 22
AFCG
Earnings call transcript
2022 Q1
10 May 22
AFCG
Earnings call transcript
2021 Q4
10 Mar 22
AFCG
Earnings call transcript
2021 Q3
6 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 73.20 mm | 73.20 mm | 73.20 mm | 73.20 mm | 73.20 mm | 73.20 mm |
Cash burn (monthly) | 2.96 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 20.46 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 52.75 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 17.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
31.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 85 |
Opened positions | 13 |
Closed positions | 14 |
Increased positions | 28 |
Reduced positions | 25 |
13F shares | Current |
---|---|
Total value | 67.46 bn |
Total shares | 6.57 mm |
Total puts | 21.50 k |
Total calls | 26.70 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 1.32 mm | $16.44 bn |
Vanguard | 853.49 k | $10.63 bn |
Jonathan Gilbert Kalikow | 668.50 k | $14.17 mm |
Cresset Asset Management | 665.06 k | $8.34 bn |
Wasatch Advisors | 308.08 k | $3.84 bn |
STT State Street | 286.34 k | $3.70 bn |
Mirae Asset Global Investments | 265.88 k | $3.31 bn |
Renaissance Technologies | 181.50 k | $2.26 mm |
Merlin Capital | 161.45 k | $2.48 mm |
NTRS Northern Trust | 131.35 k | $1.64 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Jan 24 | James C. Fagan | Common Stock | Grant | Acquire A | No | No | 11.7 | 1,282 | 15.00 k | 2,441 |
24 Jan 24 | Tannenbaum Leonard M | Common Stock | Grant | Acquire A | No | No | 11.7 | 111,111 | 1.30 mm | 3,744,638 |
24 Jan 24 | Thomas L Harrison | Common Stock | Grant | Acquire A | No | No | 11.7 | 1,282 | 15.00 k | 17,273 |
24 Jan 24 | Brandon Hetzel | Common Stock | Grant | Acquire A | No | No | 11.7 | 12,820 | 149.99 k | 22,616 |
24 Jan 24 | Brandon Hetzel | Common Stock | Grant | Acquire A | No | No | 11.7 | 2,136 | 24.99 k | 9,796 |
24 Jan 24 | Marnie Migatz Sudnow | Common Stock | Grant | Acquire A | No | No | 11.7 | 1,282 | 15.00 k | 2,245 |
News
Mortgage And Property Finance Giant's $354M Portfolio: Growth Amid Cannabis Sector Volatility
12 Apr 24
Nasdaq-Traded AFC Gamma Reports 41% YoY Drop In Net Income, Plans To Be Pure-Play Cannabis Lender In 2024
7 Mar 24
Earnings Scheduled For March 7, 2024
7 Mar 24
AFC Gamma's Earnings Outlook
6 Mar 24
Overview Of Value Stocks In The Real Estate Sector
26 Feb 24
Press releases
AFC Gamma, Inc. Schedules First Quarter 2024 Earnings Conference Call for May 9, 2024
10 Apr 24
AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities
26 Mar 24
AFC Gamma, Inc. Announces Financial Results for Fourth Quarter and Full Year 2023
7 Mar 24
AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company
22 Feb 24
AFC Gamma, Inc. Schedules Fourth Quarter and Annual 2023 Earnings Conference Call for March 7, 2024
31 Jan 24