Advanced Flower Capital Inc. (AFCG) Form 8-K — Nov 5, 2026
Advanced Flower Capital (AFCG) reported Q3 2026 GAAP net investment income of $3.5 million, or $0.16 per weighted average share, on total investment income of $8.6 million. Net asset value per share rose $0.30 sequentially to $8.55, and the company repurchased 285,656 shares at a weighted average $3.46 — roughly a 58% discount to NAV — adding $0.06 per share of NAV accretion and bringing year-to-date accretion to $0.24. The balance sheet also strengthened: debt-to-equity improved to 1.03x from 1.10x, net debt-to-equity fell to 0.49x, and asset coverage rose to 19%, supported by $102.1 million in cash.
Key figures
- Eps
- 0.16
- Revenue
- 8600000
- Net Income
- 6400000
- Total Debt
- 197000000
- Total Assets
- 395100015
- Cash Position
- 102117304
- Shares Outstanding
- 22403782
- Nav per share
- 8.55
- Nii per share
- 0.16
- Asset coverage
- 197%
- Debt to equity
- 1.03x
- Investments count
- 18
- Q3 buyback amount
- ~$1.0 million
- Q3 buyback shares
- 285656
- Net debt to equity
- 0.49x
- Weighted avg yield
- 13.3%
- Ytd buyback amount
- ~$3.8 million
- Ytd buyback shares
- 1125062
- Prior nav per share
- 8.25
- Portfolio fair value
- 289600000
- Q3 buyback avg price
- 3.46
- Q3 distribution per share
- 0.05
- Total investment income q3
- 8600000
- Ytd nav accretion per share
- 0.24
- Weighted avg shares outstanding
- 22582809
- Weighted avg interest rate on debt
- 6.2%
AI analysis
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