Advanced Flower Capital Inc. (AFCG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Advanced Flower Capital's Fourth Quarter and Fiscal Year twenty twenty five Earnings Call. At this time, all participants are in listen only mode. Later, we will conduct the question and answer session and instructions will be given at that time. As a reminder, this call is being recorded. I would now like to turn the call over to Gabriel Katz, Chief Legal Officer. Please go ahead. Good morning, and thank you all for joining AFC's earnings call for the quarter and fiscal year ended 12/31/2025. I'm joined this morning by Robin Tanenbaum, our President and Chief Investment Officer Daniel Neville, our Chief Executive Officer and Brandon Hetzel, our Chief Financial Officer. Before we begin, I would like to note that this call is being recorded. Replay information is included in our 02/10/2026 press release and is posted on the Investor Relations portion of AFC's website at advancedflowercapital.com, along with our fourth quarter and full year earnings release and investor presentation. Today's conference call includes forward looking statements and projections that reflect the company's current views with respect to, among other things, anticipated market developments, portfolio yield and financial performance in 2026 and beyond. These statements are subject to inherent uncertainties in predicting future results. Please refer to AFC's most recent periodic filings with the SEC, including our annual report on Form 10 ks filed earlier this morning, for certain conditions and significant factors that could cause actual results to differ materially from these forward looking statements and projections. During this call, we will refer to distributable earnings, which is a non GAAP financial measure. Reconciliations to net income, the most comparable...