Business
Advanced Flower Capital Inc. Announces Financial Results for the First Quarter 2026
WEST PALM BEACH, Fla., May 07, 2026 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC,” or the “Company”) today announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights GAAP net investment income (“NII”) for the quarter ended March 31, 2026, was $4.8 million, or $0.21 per basic weighted average shareNet asset value per share as of March 31, 2026, was $7.90, as compared to $7.46 as of December 31, 2025GAAP net increase in net as
About this update from Advanced Flower Capital Inc.
[{"type":"image","alt":"Advanced Flower Capital","displaySize":"","headline":null,"caption":"Advanced Flower Capital","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/17c3649fdc60dc9d65642514ecf04fd1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Q36NJu1tLg23.gCXBOFUnw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMA--/https://media.zenfs.com/en/globenewswire.com/17c3649fdc60dc9d65642514ecf04fd1","width":300,"height":300}},"lazy":false},{"type":"text","content":"WEST PALM BEACH, Fla., May 07, 2026 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC,” or the “Company”) today announced its financial results for the first quarter ended March 31, 2026.","length":207,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP net investment income (“NII”) for the quarter ended March 31, 2026, was $4.8 million, or $0.21 per basic weighted average share","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Net asset value per share as of March 31, 2026, was $7.90, as compared to $7.46 as of December 31, 2025","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP net increase in net assets resulting from operations for the quarter ended March 31, 2026, was $11.4 million, or $0.49 per basic weighted average share","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross and net investment fundings were $80.9 million and $39.1 million, respectively","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Net debt-to-equity as of March 31, 2026 was 0.48x","length":49,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":524,"olType":false},{"type":"text","content":"“AFC delivered a strong first quarter with net investment income exceeding our quarterly dividend. Additionally, in our first quarter as a BDC, we saw an increase in investment fundings driven by our pipeline focused on the lower-middle market across various industries,” said Dan Neville, Chief Executive Officer.","length":314,"tagName":"p"},{"type":"text","content":"Common Stock Distribution","length":25,"tagName":"p"},{"type":"text","content":"On April 15, 2026, the Company paid a regular cash distribution of $0.05 per common share for the firs...