Advanced Flower Capital Reports Q3 2026 Earnings with Increased Net Asset Value
Advanced Flower Capital Inc. (AFCG) reported its third-quarter 2026 financial results, highlighted by an increase in Net Asset Value (NAV) to $8.55 per share, up from $8.25 at the end of June. The company achieved GAAP Net Investment Income of $3.5 million ($0.16 per share) and total investment income of $8.6 million, driven largely by interest income. The firm is actively managing its balance sheet, reducing gross debt-to-equity to 1.03x and executing a $19 million repurchase of senior unsecured notes post-quarter. While the company maintains a strong asset coverage ratio of 197%, management noted broader credit stress in the private credit market and highlighted an ongoing maturity default regarding its Justice Grown loan, which they are addressing through legal remedies.
Tickers: $AFCG
Topics: debt repurchase net asset value net investment income portfolio fair value share repurchases
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