Quarterly ResultMay 7, 2026, 07:36 AM
Advanced Flower Capital Q1 NII $4.8M; NAV $7.90; Authorizes $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's net asset value per share increased to $7.90, and it reported a net increase in net assets from operations of $11.4 million. Additionally, the Board of Directors authorized a share repurchase program of up to $5.0 million of its common stock.
Key Highlights
- Board authorized a $5.0 million common stock repurchase program until May 4, 2027.
- Q1 2026 GAAP Net Investment Income (NII) was $4.8 million, or $0.21 per basic weighted average share.
- Net asset value per share as of March 31, 2026, was $7.90, up from $7.46 at year-end 2025.
- Net increase in net assets resulting from operations was $11.4 million, or $0.49 per basic weighted average share.
- Gross investment fundings totaled $80.9 million, with net fundings of $39.1 million.
- Net debt-to-equity ratio as of March 31, 2026, was 0.48x.
- The company paid a regular cash distribution of $0.05 per common share for Q1 2026.