Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, cash flows, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as AFC Gamma, Inc. and changed its name to Advanced Flower Capital Inc. in October 2024. Advanced Flower Capital Inc. was incorporated in 2020 and is based in West Palm Beach, Florida.
Cannabis Lending Focus | Explore AFC Gamma's niche in providing institutional loans to cannabis operators in limited-license states, balancing opportunities with industry-specific risks |
Strategic Realignment | Delve into AFC Gamma's portfolio management and spin-off plans, designed to streamline operations and potentially unlock shareholder value |
Financial Health | Learn about AFC Gamma's robust liquidity, dividend yield of 13.76%, and analysts' projections of steady earnings growth for 2024 and 2025 |
Market Outlook | Discover the cautious analyst sentiment, with JMP Securities maintaining a Market Perform rating, as AFC Gamma navigates industry challenges |
Metrics to compare | AFCG | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipAFCGPeersSector | |
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P/E Ratio | 5.4x | −1.3x | 9.7x | |
PEG Ratio | 0.06 | 0.01 | 0.03 | |
Price/Book | 0.5x | 0.3x | 1.0x | |
Price / LTM Sales | 2.5x | 0.5x | 2.9x | |
Upside (Analyst Target) | 121.2% | 5.0% | 10.3% | |
Fair Value Upside | Unlock | 0.2% | 1.8% | Unlock |