AFC Gamma (AFC Gamma) Retained Earnings : $-29.96 Mil (As of Dec. 2023)

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What is AFC Gamma Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AFC Gamma's retained earnings for the quarter that ended in Dec. 2023 was $-29.96 Mil.

AFC Gamma's quarterly retained earnings declined from Jun. 2023 ($-9.10 Mil) to Sep. 2023 ($-10.94 Mil) and declined from Sep. 2023 ($-10.94 Mil) to Dec. 2023 ($-29.96 Mil).

AFC Gamma's annual retained earnings declined from Dec. 2021 ($-1.09 Mil) to Dec. 2022 ($-9.96 Mil) and declined from Dec. 2022 ($-9.96 Mil) to Dec. 2023 ($-29.96 Mil).

AFC Gamma Retained Earnings Historical Data

The historical data trend for AFC Gamma's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AFC Gamma Retained Earnings Chart

AFC Gamma Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

0.52

-1.09

-9.96

-29.96

AFC Gamma Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial									-9.96	-11.41	-9.10	-10.94	-29.96

AFC Gamma Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

AFC Gamma (NAS:AFCG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

AFC Gamma (AFC Gamma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AFC Gamma Inc (NAS:AFCG) » Definitions » Retained Earnings

Comparable Companies

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Traded in Other Exchanges

0FG:Germany

Address

525 Okeechobee Boulevard, Suite 1650, West Palm Beach, FL, USA, 33401

Website

https://www.afcgamma.com

AFC Gamma Inc is a commercial real estate finance company. The company originates, structures, underwrites and manages senior secured loans and other types of loans for established cannabis industry operators in states that have legalized medicinal and/or adult-use cannabis.

Executives

James C. Fagan	director	123 HARBOR DRIVE, UNIT 211, STAMFORD CT 06902
Leonard M Tannenbaum	director, 10 percent owner, officer: Chief Executive Officer	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Robyn Tannenbaum	officer: Managing Director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Brandon Hetzel	officer: CFO and Treasurer	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Jonathan Gilbert Kalikow	director, 10 percent owner, officer: Head of Real Estate	101 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10178
Brett Kaufman	officer: CFO and Treasurer	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Marnie Migatz Sudnow	director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Thomas L Harrison	director
Jodi Hanson Bond	director	777 WEST PUTNAM AVENUE, 3RD FLOOR, GREENWICH CT 06830
Alexander C Frank	director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Robert L Levy	director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Tomer Tzur	director	7545 SW 54TH AVENUE, MIAMI FL 33143
Thomas Geoffroy	officer: CFO and Treasurer	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401