Nasdaq-Traded AFC Gamma Reports 41% YoY Drop In Net Income, Plans To Be Pure-Play Cannabis Lender In 2024
Nasdaq-Traded AFC Gamma Reports 41% YoY Drop In Net Income, Plans To Be Pure-Play Cannabis Lender In 2024
Cannabis-focused commercial real estate finance company AFC Gamma Inc. (NASDAQ:AFCG) announced on Thursday its results for the fourth quarter and year ended Dec. 31, 2023.
專注於大麻的商業房地產金融公司AFC Gamma Inc.(納斯達克股票代碼:AFCG)週四公佈了截至2023年12月31日的第四季度和年度業績。
The company reported net interest income of $64.2 million in fiscal 2023, compared to $74.7 million in fiscal 2022. Net interest income for the fourth quarter totaled roughly $16 million.
該公司報告稱,2023財年的淨利息收入爲6,420萬美元,而2022財年爲7,470萬美元。第四季度的淨利息收入總額約爲1600萬美元。
"AFC Gamma has made significant progress on portfolio management initiatives in the fourth quarter and into 2024 in spite of a challenging cannabis backdrop," Daniel Neville, who assumed the role of the company's CEO this past October.
去年10月擔任公司首席執行官的丹尼爾·內維爾說:“儘管大麻背景充滿挑戰,但AFC Gamma在第四季度和2024年的投資組合管理舉措方面取得了重大進展。”
Q4 And FY 2023 Financial Highlights
第四季度和 2023 財年財務摘要
- Fourth quarter 2023 GAAP net loss of $9.2 million or $0.45 per basic weighted average common share, and distributable earnings of $10 million or $0.49 per basic weighted average common share.
- Full-year 2023 GAAP net income of $21 million or $1.02 per basic weighted average common share, compared to roughly $36 million in 2022, and distributable earnings of $41.4 million or $2.04 per basic weighted average common share.
- Total expenses for 2023 amounted to $21.5 million, down from $23.4 million in the prior year.
- As of Dec. 31, 2023, the company had $466.6 million in total liabilities and shareholders' equity, compared to $519.2 million in the prior year.
- 2023年第四季度GAAP淨虧損爲920萬美元,合每股基本加權平均普通股虧損0.45美元,可分配收益爲1000萬美元,合每股基本加權平均普通股0.49美元。
- 2023年全年GAAP淨收益爲2,100萬美元,合每股基本加權平均普通股1.02美元,而2022年約爲3,600萬美元,可分配收益爲4,140萬美元,合每股基本加權平均普通股2.04美元。
- 2023年的總支出爲2150萬美元,低於上一年的2340萬美元。
- 截至2023年12月31日,該公司的總負債和股東權益爲4.666億美元,而去年同期爲5.192億美元。
Common Stock Dividend
普通股分紅
AFC Gamma said on Dec. 15, distributed $9.8 million in dividends, its board of directors declared a regular cash dividend of $0.48 per common share for the fourth quarter of 2023, during which it distributed $9.8 million in dividends.
AFC Gamma於12月15日表示,分配了980萬美元的股息,其董事會宣佈2023年第四季度定期派發每股普通股0.48美元的現金分紅,在此期間分配了980萬美元的股息。
For the full year 2023, the company distributed $40.9 million in dividends or $2 per common share.
2023年全年,該公司分配了4,090萬美元的股息,合每股普通股2美元。
On March 4, the board declared a regular cash dividend of $0.48 per common share for the first quarter of 2024. The first quarter 2024 dividend will be payable on April 15, 2024, to common shareholders of record as of March 31, 2024.
3月4日,董事會宣佈2024年第一季度定期派發每股普通股0.48美元的現金分紅。2024年第一季度的股息將於2024年4月15日支付給截至2024年3月31日的登記在冊的普通股股東。
2024 Outlook
2024 年展望
"Looking ahead to 2024, we are excited to return to being a pure-play cannabis lender following the completion of the spin-off of our commercial real estate portfolio," Neville said. "We continue to see lending opportunities with the emergence of Cannabis 3.0 operators that have clean capital stacks and are looking to build or expand. As an early mover and one of the leading debt providers in the cannabis industry, AFC Gamma is uniquely positioned to capitalize on these opportunities and deploy capital at attractive risk-adjusted returns."
內維爾說:“展望2024年,在完成商業房地產投資組合的分拆之後,我們很高興能重返純粹的大麻貸款機構。”“隨着Cannabis 3.0運營商的出現,我們繼續看到貸款機會,這些運營商擁有乾淨的資本儲備並希望建立或擴張。作爲大麻行業的先行者和領先的債務提供者之一,AFC Gamma具有獨特的優勢,可以利用這些機會,以誘人的風險調整後回報部署資本。”
Related News
相關新聞
- Cannabis Lender Reports 30% YoY Drop In Q3 Net Income, Taps Cannabis Veteran As New CEO
- AFC Gamma Net Income Grows 6.9% YoY, What About Dividend Payments?
- AFC Gamma Declares Q2 2023 Dividends And Announces Share Repurchase Program
- 大麻貸款機構報告稱,第三季度淨收入同比下降30%,聘請大麻資深人士擔任新任首席執行官
- 亞足聯伽瑪淨收入同比增長6.9%,那麼股息支付呢?
- AFC Gamma 宣佈 2023 年第二季度分紅並宣佈股票回購計劃
AFCG Price Action
AFCG 價格走勢
AFC Gamma's shares traded 0.09% lower at $11.38 per share at the time of writing on Thursday morning.
在週四上午撰寫本文時,AFC Gamma的股價下跌0.09%,至每股11.38美元。
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譯文內容由第三人軟體翻譯。