News
AFCG
9.21
-0.22%
-0.02
Weekly Report: what happened at AFCG last week (0715-0719)?
Weekly Report · 4d ago
This Cannabis Lender Is Sitting On A Stack Of Capital: 100% Dividends Meet Equity-Like Returns
AFC Gamma, Inc. Recently spun off its commercial real estate business into a separate entity, Sunrise Realty Trust. The company is now a leading lender of cannabis loans. AFC Gamma has $300 million in its cannabis loan book. Company executives held a webinar to discuss the spin-off and its competitive positioning in the industry.
Benzinga · 6d ago
AFC Gamma (AFCG) Soars 5.4%: Is Further Upside Left in the Stock?
NASDAQ · 07/17 11:33
AFC Gamma, Inc. Schedules Second Quarter 2024 Earnings Conference Call for August 7, 2024
Barchart · 07/15 16:00
Weekly Report: what happened at AFCG last week (0708-0712)?
Weekly Report · 07/15 11:35
JMP Securities Keeps Their Hold Rating on AFC Gamma (AFCG)
TipRanks · 07/11 04:35
AFC Gamma Initiates REIT Spin-off and Board Reshuffle
TipRanks · 07/09 21:27
AFC Gamma Launches Independent REIT ‘Sunrise Realty Trust’
TipRanks · 07/09 11:57
Weekly Report: what happened at AFCG last week (0701-0705)?
Weekly Report · 07/08 11:37
AFC GAMMA RECONFIRMS COMPLETION DATE OF SPIN-OFF OF COMMERCIAL REAL ESTATE PORTFOLIO
Reuters · 07/08 11:00
AFC GAMMA INC - TO SPIN OFF SUNRISE REALTY ON JULY 9, 2024
Reuters · 07/08 11:00
AFC Gamma Announces SUNS Spin-off and Special Dividend
TipRanks · 07/03 21:51
Weekly Report: what happened at AFCG last week (0624-0628)?
Weekly Report · 07/01 11:38
Debate Debacle
U.S. Equity markets were little changed this week while long-term benchmark interest rates surged. The S&P 500 posted fractional declines on the week, but held on to impressive first-half returns of over 15%. Real estate equities posted a relatively strong week as investors rotated into beaten-down value stocks ahead of the Fed pivot towards rate cuts expected later this quarter. A disastrous debate performance by President Biden led to a slowdown in consumer spending and inflation. Crude oil prices rose 1% this week.
Seeking Alpha · 06/30 13:00
AFC Gamma declares $0.15 special dividend for spin-off of commercial real estate portfolio
Dividend Stocks News AFC Gamma declares $0.15 special dividend for spin-off of commercial real estate portfolio Jun. 28, 2024. AFC Gamma, Inc. (AFCG) Stock. Payable July 15; to shareholders of record July 8.
Seeking Alpha · 06/28 04:34
*AFC Gamma: Record Date for Distribution of Sunrise Realty Trust to Be July 8 >AFCG
Dow Jones · 06/27 20:39
*AFC Gamma: Distribution Date Expected to Be July 9 >AFCG
Dow Jones · 06/27 20:39
*AFC Gamma: Board of Directors Declares $0.15 Per Shr Spinoff Special Div >AFCG
Dow Jones · 06/27 20:39
AFC Gamma Announces Special Dividend Of $0.15 For Spin-Off Of Commercial Real Estate Portfolio; Distribution Is Expected To Occur Prior To The Opening Of Trading On July 9, 2024, And Shares Of Suns Common Stock Will Begin Trading On Nasdaq Under The Symbol "SUNS"
AFC Gamma's commercial real estate portfolio will spin-off into a new independent, publicly-traded REIT, Sunrise Realty Trust, Inc. Board of Directors Declares $0.15 per Share Spin-Off Special Dividend. Spin-off is expected to be completed on July 9, 2024.
Benzinga · 06/27 20:37
AFC GAMMA INC - BOARD OF DIRECTORS DECLARES $0.15 PER SHARE SPIN-OFF SPECIAL DIVIDEND
Reuters · 06/27 20:35
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About AFCG
AFC Gamma, Inc. is an institutional lender that originates, structures, and underwrites loans secured by commercial real estate and other types of financing solutions. The Company targets direct lending and bridge loan opportunities typically ranging from $10 million to $100 million across multiple real estate sectors, with a specialization in lending to state-law compliant cannabis operators. The Company’s objective is to provide attractive 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, 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. The Company is externally managed by AFC Management, LLC.