Advanced Flower Capital Inc. (AFCG)

Over the past six months, AFCG held its Q1 2025 earnings call on May 14, 2025. In May 2025, there were discussions and a downgrade related to the dividend being "in danger." Advanced Flower Capital announced its Q2 2025 dividend on June 13, 2025, and held its Q2 2025 earnings call on August 14, 2025. In mid-September 2025, the company announced its strategic conversion to a Business Development Company (BDC) structure, which shareholders subsequently approved on November 6, 2025. A dividend for Q3 2025 was declared on September 15, 2025. The Q3 2025 earnings were released on November 13, 2025, with the company reporting earnings per share of $0.35, exceeding consensus estimates, but also a GAAP net loss of $12.5 million, or $0.57 per share. The stock experienced a significant decline, with its share price falling by 71.52% from November 20, 2024, to November 19, 2025, and reaching new 52-week lows in November 2025. On November 22, 2025, several insiders made stock purchases.

Information directly detailing the demand seasonality for Advanced Flower Capital, Inc.'s lending products and services is not explicitly available. However, historical data indicates that implied volatility for AFCG's stock tends to rise most significantly in May and decline to its lowest levels in November, suggesting some seasonality in market perception or trading activity.

Advanced Flower Capital, Inc. (AFCG) is a specialty real estate investment trust (REIT) that provides institutional loans and secured debt financing to state-law compliant cannabis operators across the United States. The company's business model focuses on originating, structuring, and managing senior secured loans, which are backed by real estate, equipment, cash flows, and licenses. AFCG operates within the Real Estate sector and the REIT - Specialty/Mortgage industry.

Advanced Flower Capital, Inc. is headquartered in West Palm Beach, Florida, and primarily focuses its lending activities on state-law compliant cannabis operators throughout the U.S.

Advanced Flower Capital Inc. changed its name from AFC Gamma, Inc. in October 2024. The company's reputation has been affected by concerns regarding portfolio challenges, elevated credit provisions, and net losses, leading to a bearish outlook from some analysts. AFCG has underperformed both the US Mortgage REITs industry and the broader US Market over the past year. While the analyst consensus is generally "Hold," some analysts have issued "Reduce" ratings. The strategic conversion to a BDC structure has been viewed positively by some, and the company's Q3 2025 earnings surpassing consensus estimates also provided a positive note.

Advanced Flower Capital Inc. has 154 institutional owners and shareholders, including BlackRock, Inc., Vanguard Group Inc, State Street Corp, Northern Trust Corp, Penserra Capital Management LLC, and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Individual investors hold approximately 25.32% of the shares. Key executives and insiders, such as Daniel Neville (CEO), Leonard Mark Tannenbaum (Executive Chairman), and Robyn Tannenbaum (Co-Founder, CIO & President), are also significant stakeholders.