Detail akcie Advanced Flower Capital Inc online

Business Summary: Advanced Flower Capital Inc. is a commercial mortgage real estate investment trust (REIT) that provides institutional loans to state-law compliant cannabis operators in the United States. It originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, secured by real estate assets, license value and cash flows. It provides capital support across cultivation, processing, and distribution. Its objective is to provide risk-adjusted returns over time through cash distributions and capital appreciation primarily by providing loans to real estate developers and state-law compliant cannabis companies. The loans it originates are primarily structured as senior loans secured by real estate, equipment, cashflows and the value associated with licenses (where applicable) and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. It is externally managed by AFC Management, LLC.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Advanced Flower Capital Inc revenues decreased 11% to $41.9M. Net income before extraordinary items decreased 42% to $17.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Dividend per share decreased from $1.52 to $1.29. Basic Earnings per Share excluding Extraordinary Items decreased from $1.48 to $0.86.