AFC Gamma: Intro To A Specialized Lender In A Booming Space

Summary

  • AFCG makes intermediate-term, highly collateralized loans to companies operating in the burgeoning cannabis industry.
  • CEO Leonard Tannenbaum was the founder and CEO of Fifth Street Asset Management for two decades before selling the company to Oaktree Capital Management.
  • The mREIT went public in March 2021 and has since been busily putting the proceeds to work in new loans.
  • AFCG currently offers a dividend yield of 7.4%.
  • An insider recently bought shares on the open market for $20.71.
  • Looking for a helping hand in the market? Members of High Yield Landlord get exclusive ideas and guidance to navigate any climate. Learn More »

cannabis legalization in the united states of america. cannabis leaf in hands on usa flag background
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Thesis: Being One-Of-A-Kind Is A Moat In Itself

AFC Gamma, Inc. (NASDAQ:AFCG) is the first of its kind: a publicly traded lender to companies that do business in the marijuana space.

More specifically, AFCG is "a leading

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This article was written by

20.43K Followers

Austin Rogers is a REIT specialist with a professional background in commercial real estate. He writes about high-quality dividend growth stocks with the goal of generating the safest growing passive income stream possible. Since his ideal holding period is "lifelong," his focus is on portfolio income growth rather than total returns.

Austin is a contributing author for the investing group High Yield Landlord, one of the largest real estate investment communities on Seeking Alpha, with thousands of members. It offers exclusive research on the global REIT sector, multiple real money portfolios, an active chat room, and direct access to the analysts. Learn more.

Analyst’s Disclosure:I am/we are long AFCG, IIPR, 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.

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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