AFC Gamma reports Q4 distributable EPS 62c, consensus 58c

Reports Q4revenue $21.4M, consensus $18.37M. "AFC Gamma ended the year by delivering strong earnings in a difficult macro environment for cannabis and the broader market," said the Company’s Chairman and Chief Executive Officer, Leonard M. Tannenbaum. "Looking forward, we are pleased with our liquidity position, which is generally in-line with our cash position as of December 31, 2022. Our liquidity was enhanced by repayments over the course of 2022 and includes our currently undrawn revolving credit facility. We believe our focus on credit quality, coupled with our ample liquidity, will prove valuable as we look to deploy capital both in commercial real estate assets and state-compliant cannabis operators over the course of 2023."