AFC Gamma: Still Pounding The Table On This 12.9% Yield

May 23, 2022 6:00 AM ETAFC Gamma, Inc. (AFCG)IIPR, IIPR.PA, NLCP16 Comments
BeanKounter Capital profile picture
BeanKounter Capital
4.75K Followers

Summary

  • AFCG has sold off along with broader markets, and shares are down 25% YTD.
  • Shares now trade right near book value, with an earnings multiple of 8x.
  • The loan portfolio continues to grow along with book value and the dividend.
  • With the yield at 12.9%, investors get paid a juicy dividend to wait for capital appreciation.
Businessman explores debt. Study of the structure of debt, restructuring and the abolition of penalties, illegal charges. Inability to pay the debt. Unprofitable terms of business lending

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There aren’t many investments out there that I have been adding to in the last couple of months. I have been adding to my investments in the cannabis sector because they seem like wildly mispriced assets. More specifically, I have been adding to

This article was written by

BeanKounter Capital profile picture
4.75K Followers
CPA and former Big 4 auditor. I break down investments in qualitative and quantitative terms, and I look for investments that will compound my money over the long term.

Disclosure: I/we have a beneficial long position in the shares of AFCG, IIPR, NLCP either through stock ownership, options, or other derivatives. 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.

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