Advanced Flower Capital Q3 distributable earnings miss estimates

Reuters
2025/11/12
Advanced Flower Capital Q3 distributable earnings miss estimates

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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