Quarterly ResultMay 7, 2026, 07:41 AM
AFC Q1 Net Investment Income $4.8M; NAV $7.90; $5M Buyback
AI Summary
Advanced Flower Capital Inc. announced strong financial results for the first quarter ended March 31, 2026, with GAAP net investment income of $4.8 million, or $0.21 per share, exceeding its quarterly dividend. The company also reported a net asset value per share of $7.90 and a net increase in net assets from operations of $11.4 million. Additionally, the Board authorized a share repurchase program of up to $5.0 million.
Key Highlights
- Board authorized a share repurchase program of up to $5.0 million.
- GAAP net investment income was $4.8 million, or $0.21 per basic weighted average share.
- Net asset value per share was $7.90 as of March 31, 2026, up from $7.46.
- GAAP net increase in net assets from operations was $11.4 million, or $0.49 per basic weighted average share.
- Gross investment fundings were $80.9 million, with net fundings of $39.1 million.
- Net debt-to-equity was 0.48x as of March 31, 2026.
- Paid a regular cash distribution of $0.05 per common share for the first quarter of 2026.
Price Impact
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