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Advanced Flower Capital Inc. — Third Quarter 2026 Earnings Summary

  • GAAP net investment income remained flat at $3.5 million ($0.16 per share) compared to the prior quarter, while net increase in net assets from operations rose to $6.4 million ($0.28 per share) from $5.4 million, driven by higher unrealized gains.
  • Net asset value (NAV) per share increased to $8.55 from $8.25, supported by a 58% discount share repurchase program that added $0.06 per share to NAV in the quarter.
  • The investment portfolio fair value held steady at $289.6 million with 100% allocated to senior secured first lien debt, while leverage metrics improved with the debt-to-equity ratio declining to 1.03x from 1.10x.
  • Management reaffirmed a strategy to allocate capital toward best risk-adjusted returns without providing specific forward-looking financial guidance, while maintaining a regular cash distribution of $0.05 per share.
Company
ADVANCED FLOWER CAPITAL INC
Sector
Real Estate
Industry
REIT - Specialty