earnings
confidence high
sentiment positive
materiality 0.80
Chicago Atlantic Q4 net income $4.4M ($0.57 EPS); dividend raised 53.8% to $0.40
Chicago Atlantic Real Estate Finance, Inc.
- Net income $4.4M in Q4, $0.57 basic EPS; Adjusted Distributable Earnings $4.6M, $0.61 per share.
- For April-Dec 2021 period, net income $9.5M ($1.47 EPS); Adjusted DE $9.9M ($1.54 per share).
- Book value $15.13 per share at Dec 31, 2021; total loan commitments $235.1M across 21 borrowers.
- Dividend increased 53.8% to $0.40/share quarterly, payable April 14, 2022 to holders of record March 31, 2022.
- Since IPO (Dec 2021) through Mar 17, 2022, funded $114.7M, fully deploying IPO proceeds; credit facility upsized to $45M.