Advanced Flower Capital Q3 distributable earnings miss estimates

Advanced Flower Capital

12/11/2025 12:39

Overview

Advanced Flower Capital Q3 GAAP net loss of $12.5 mln

Distributable Earnings for Q3 miss analyst expectations

Shareholders approve conversion from REIT to BDC, completing in Q1 2026

Outlook

AFC expects BDC conversion completion in Q1 2026

Company sees lending opportunities in lower-middle market

AFC's BDC conversion expands investment scope beyond real estate

Result Drivers

BDC CONVERSION - AFC shareholders approve conversion from REIT to BDC, expanding investment opportunities beyond real estate

LIMITED CAPITAL - Co notes limited new capital entering cannabis market, focusing on resolving nonaccrual positions and loan repayments

LENDING OPPORTUNITIES - CEO highlights evaluation of lower-middle market lending opportunities for attractive risk-adjusted returns

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Distributable Earnings
Miss
$3.50 mln
$4.69 mln (5 Analysts)
Q3 Net Income
-$12.50 mln
Q3 Dividend
$0.15


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Advanced Flower Capital Inc is $6.50, about 50.2% above its November 11 closing price of $3.24

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nGNX9b7Y51

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)