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.
![AFC Gamma logo](/files/LOGO/1822523-AFCG.png)
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)
8-K
Unaudited Pro Forma Consolidated Financial Statements
9 Jul 24
8-K
Regulation FD Disclosure
9 Jul 24
8-K
Regulation FD Disclosure
3 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
23 May 24
8-K
AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate Portfolio
20 May 24
8-K
AFC Gamma, Inc. Announces Financial Results for First Quarter 2024
9 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
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
Transcripts
AFCG
Earnings call transcript
2024 Q1
9 May 24
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 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
Latest ownership filings
4
Sunrise Realty Trust, Inc.
10 Jul 24
3
Sunrise Realty Trust, Inc.
10 Jul 24
SC 13D/A
TANNENBAUM LEONARD M
2 Jul 24
4
LEONARD M TANNENBAUM
6 Jun 24
4
Jodi Hanson Bond
25 Jan 24
4
Robert L Levy
25 Jan 24
4
Robyn Tannenbaum
25 Jan 24
4
ALEXANDER C FRANK
25 Jan 24
4
LEONARD M TANNENBAUM
25 Jan 24
4
THOMAS L HARRISON
25 Jan 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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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 23 | 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) | 82.30 mm | 82.30 mm | 82.30 mm | 82.30 mm | 82.30 mm | 82.30 mm |
Cash burn (monthly) | 13.11 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 50.69 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 31.61 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 2.4 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
22.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 51 |
Opened positions | 34 |
Closed positions | 6 |
Increased positions | 3 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 48.16 bn |
Total shares | 4.72 mm |
Total puts | 17.50 k |
Total calls | 78.30 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 1.47 mm | $18.22 bn |
Vanguard | 826.87 k | $10.24 bn |
Jonathan Gilbert Kalikow | 668.50 k | $14.17 mm |
Wasatch Advisors | 640.62 k | $7.93 bn |
Mirae Asset Global Investments | 279.53 k | $3.52 bn |
Renaissance Technologies | 132.50 k | $1.64 mm |
Los Angeles Capital Management & Equity Research | 86.16 k | $1.07 bn |
BK Bank Of New York Mellon | 65.75 k | $813.94 mm |
Empowered Funds | 51.32 k | $635.39 mm |
O'shaughnessy Asset Management | 46.81 k | $579.46 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Jul 24 | AFC Gamma | Common Stock | Other | Dispose J | No | No | 0 | 6,889,031 | 0.00 | 0 |
6 Jun 24 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | Yes | No | 11.95 | 30,000 | 358.50 k | 159,217 |
6 Jun 24 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | No | No | 11.98 | 27,500 | 329.45 k | 3,803,473 |
5 Jun 24 | Tannenbaum Leonard M | Common Stock | Buy | Acquire P | No | No | 12.09 | 31,335 | 378.84 k | 3,775,973 |
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 |
News
This Cannabis Lender Is Sitting On A Stack Of Capital: 100% Dividends Meet Equity-Like Returns
20 Jul 24
Chicago Atlantic Real Estate Finance's Stock Valuation & Dividend Yield Are Leaving Competitors Behind
5 Jul 24
High-Yield Dividends In The Cannabis REIT Market: Why Debt-Free NewLake Capital Stands Out
20 Jun 24
Cannabis Chart Of The Week: Lenders Vs. Borrowers – The Wisdom Of Diversification
17 Jun 24
Cannabis Property Funds Control Over $4.5B: Are Investors Missing Out On High Dividend Stocks?
14 Jun 24
Press releases
AFC Gamma, Inc. Schedules Second Quarter 2024 Earnings Conference Call for August 7, 2024
15 Jul 24
AFC Gamma Reconfirms Completion Date of Spin-Off of Commercial Real Estate Portfolio
8 Jul 24
AFC Gamma Announces Second Quarter 2024 Dividend
13 Jun 24
AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H
4 Jun 24
AFC Gamma Announces Changes to Composition of Board of Directors Following Planned Spin-Off of Commercial Real Estate Portfolio
20 May 24