AFC Gamma (FRA:0FG) Credit Losses Provision : €15.03 Mil (As of Mar. 2024)

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What is AFC Gamma Credit Losses Provision?

AFC Gamma's credit losses provision for the three months ended in Mar. 2024 was €4.54 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €15.03 Mil.

AFC Gamma's quarterly credit losses provision increased from Sep. 2023 (€0.99 Mil) to Dec. 2023 (€10.99 Mil) but then declined from Dec. 2023 (€10.99 Mil) to Mar. 2024 (€4.54 Mil).

AFC Gamma's annual credit losses provision increased from Dec. 2021 (€2.34 Mil) to Dec. 2022 (€10.55 Mil) and increased from Dec. 2022 (€10.55 Mil) to Dec. 2023 (€11.13 Mil).

AFC Gamma Credit Losses Provision Historical Data

The historical data trend for AFC Gamma's Credit Losses Provision 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 Credit Losses Provision Chart

AFC Gamma Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

2.34

10.55

11.13

AFC Gamma Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial										0.66	-1.48	0.99	10.99	4.54

AFC Gamma Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €15.03 Mil.

AFC Gamma (FRA:0FG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AFC Gamma Inc (FRA:0FG) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

AFCG:USA

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.

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