AFC Gamma: Our Take On This Brand-New, Cannabis-Focused mREIT

Summary

  • Recently IPO-ed companies can be quite the endeavor to analyze. There’s generally no 10-Qs or 10-Ks to analyze.
  • Add in the inherent complexity of mortgage REITs and the ever-changing nature of cannabis legislation… and it's a worthy challenge.
  • Fortunately, WER's expertise is in the private institutional space. Information is often lacking there, and one has to dig very deep to uncover the full picture.
  • AFC Gamma executed an IPO on March 19, 2021.
  • This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Learn More »

Marijuana Leaf and US Dollar Banknotes. Marijuana business concept. CBD Medical Marijuana Dollar THC Cannabis.
Photo by pcess609/iStock via Getty Images

This article was coproduced with Williams Equity Research (WER).

In July 2020, a mortgage REIT (mREIT) was founded to:

"… originate, structure, underwrite, and manage senior secured loans and other types of loans for established companies operating

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We include exclusive video so our members can get all of the latest and greatest insight and maximize portfolio performance. Our coverage spectrum includes equity REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and we recently added SPACs to the lineup.

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This article was written by

119.51K Followers

Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies.

Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President.

Note: Brad is also related to Nicholas Thomas who contributes to Seeking Alpha.

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Analyst’s Disclosure:I am/we are long BXMT, ABR, BRMK, LADR. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

WER is long STWD, BXMT, ABR

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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