Advanced Flower Capital Q1 NII $4.8M, NAV Rises to $7.90; $5M Buyback Authorized
AFCG•Advanced Flower Capital posted Q1 2026 GAAP net investment income of $4.8 million ($0.21/share) and a GAAP net asset increase of $11.4 million ($0.49/share), raising NAV to $7.90 from $7.46. It funded $80.9 million investments, netted $39.1 million, paid a $0.05/share distribution and approved a $5 million share repurchase program.
1. Q1 2026 Financial Highlights
Advanced Flower Capital reported GAAP net investment income of $4.8 million ($0.21 per share) in Q1 2026, along with a GAAP net asset increase of $11.4 million ($0.49 per share). Net asset value climbed to $7.90 per share from $7.46 at December 31, 2025.
2. Investment Portfolio and Leverage
The company funded $80.9 million in new investments and realized $39.1 million net; portfolio investments at fair value reached $279.2 million with total assets of $394.9 million. Net debt-to-equity was 0.48x, reflecting moderate leverage after cash positions were considered.
3. Distribution and Repurchase Authorization
On April 15 the company paid a cash distribution of $0.05 per common share for Q1 2026. On May 4 the board authorized repurchases of up to $5 million of common stock through May 4, 2027, under compliance guidelines.
