AFCG Earnings
Thursday, May 07 2026
EPS Estimate
$0.18
$0.15 – $0.22
Revenue Estimate
$7M
Current Price
$2.80
Our Position
neutralREIT-to-BDC conversion complete, portfolio up 15% since year-end
structured data
est. revisions stable
The BDC conversion opens up a broader origination runway beyond cannabis real estate, and the $49 million portfolio expansion since year-end shows the new mandate is already driving deal flow. But with three nonaccruals, a CECL reserve near 18%, and $77 million in unsecured bonds maturing in May 2027, execution on credit quality will determine whether the pivot works.
Watch: Watch Q1 2026 earnings for portfolio yield trends under the BDC structure and whether the three nonaccrual loans resolve or require additional reserves. The May 2027 bond maturity looms large — refinancing terms will reveal market confidence in the new business model.
Data Signal Summary
3 bullish
1 bearish
Estimates up +22%
Insider buying cluster
Put/call 0.0 (bullish skew)
Price downtrend
Key Context
Insider Activity
buying
Price Trend
downtrend
From 52w High
-3.5%
Est. Revisions (30d)
+22.2% 0up/0dn
Analyst Target (mean)
$8 $8–$8 +186%
Options P/C Ratio
0.00
Est. Dispersion
38% 3 analysts
Insider Cluster
strong buy (officer)
Fund Convergence
moderate Citadel, Renaissance
Recent Activity
insider trades
39 transactions
Buy
·
TANNENBAUM LEONARD MARK (Director and Beneficial Owner of more than 10% of a Class of Security)
·29,040 shares
·$80,150
Buy
·
TANNENBAUM ROBYN (President)
·7,000 shares
·$19,600
Buy
·
TANNENBAUM LEONARD MARK (Director and Beneficial Owner of more than 10% of a Class of Security)
·151,200 shares
·$391,608
Buy
·
TANNENBAUM LEONARD MARK (Director and Beneficial Owner of more than 10% of a Class of Security)
·104,213 shares
·$264,761
Buy
·
TANNENBAUM LEONARD MARK (Director and Beneficial Owner of more than 10% of a Class of Security)
·30,270 shares
·$73,897
34 more
Buy
·
TANNENBAUM LEONARD MARK
·25,000 shr
·$76,250
Buy
·
TANNENBAUM LEONARD MARK
·44,000 shr
·$128,520
Buy
·
TANNENBAUM LEONARD MARK
·46,000 shr
·$135,240
Buy
·
TANNENBAUM LEONARD MARK
·54,000 shr
·$155,130
Award
·
TANNENBAUM LEONARD MARK
·729,927 shr
·$2,000,000
Award
·
HARRISON THOMAS L
·5,474 shr
·$14,999
Award
·
LEVY ROBERT L
·5,474 shr
·$14,999
Award
·
FRANK ALEXANDER C
·5,474 shr
·$14,999
Award
·
TANNENBAUM ROBYN
·91,240 shr
·$249,998
Award
·
SUDNOW MARNIE MIGATZ
·5,474 shr
·$14,999
Award
·
NEVILLE DANIEL JOSEPH
·91,240 shr
·$249,998
Buy
·
NEVILLE DANIEL JOSEPH
·17,000 shr
·$47,770
Buy
·
NEVILLE DANIEL JOSEPH
·12,388 shr
·$55,003
Buy
·
TANNENBAUM LEONARD MARK
·79,665 shr
·$363,272
Buy
·
TANNENBAUM LEONARD MARK
·72,957 shr
·$330,526
Buy
·
TANNENBAUM LEONARD MARK
·474,526 shr
·$2,247,814
Buy
·
TANNENBAUM LEONARD MARK
·375,147 shr
·$1,528,539
Buy
·
TANNENBAUM ROBYN
·6,000 shr
·$24,720
Buy
·
NEVILLE DANIEL JOSEPH
·10,000 shr
·$40,400
Buy
·
NEVILLE DANIEL JOSEPH
·5,000 shr
·$30,750
Buy
·
NEVILLE DANIEL JOSEPH
·5,000 shr
·$31,000
Buy
·
TANNENBAUM LEONARD MARK
·82,007 shr
·$518,686
Buy
·
TANNENBAUM ROBYN
·8,000 shr
·$49,680
Buy
·
NEVILLE DANIEL JOSEPH
·46,599 shr
·$300,575
Award
·
TANNENBAUM LEONARD MARK
·95,579 shr
·$799,996
Award
·
HARRISON THOMAS L
·1,792 shr
·$14,999
Award
·
LEVY ROBERT L
·1,792 shr
·$14,999
Award
·
FRANK ALEXANDER C
·1,792 shr
·$14,999
Award
·
TANNENBAUM ROBYN
·47,789 shr
·$399,994
Award
·
SUDNOW MARNIE MIGATZ
·1,792 shr
·$14,999
Award
·
HETZEL BRANDON
·17,921 shr
·$149,999
Award
·
NEVILLE DANIEL JOSEPH
·47,789 shr
·$399,994
Award
·
NEVILLE DANIEL JOSEPH
·82,873 shr
·$750,001
Buy
·
TANNENBAUM LEONARD MARK
·88,835 shr
·$1,066,790
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