AFC Gamma, Inc. (NASDAQ: AFCG) released its results for the quarter ended March 31, 2023, revealing net income of $10.0 million, a decrease of 1.3% compared to $10.2 million in Q1 2022, and distributable earnings of $11.6 million or $0.57 per basic weighted average common share, a decrease of 2.5% compared to $11.9 million or $0.62 per basic weighted average common share in Q1 2022.

“Since mid-2022, given the market and interest rate volatility, AFC Gamma has taken a conservative view to deploying and managing our capital. During the first …

Full story available on Benzinga.com

A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.