---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-013993"
form_type: "8-K"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2022-03-22T23:59:59+00:00"
generated_at: "2026-06-26T21:09:27.419192+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Chicago Atlantic Q4 net income $4.4M ($0.57 EPS); dividend raised 53.8% to $0.40

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-013993
- form_type: 8-K
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2022-03-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390022013993/0001213900-22-013993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390022013993/ea157212-8k_chicagoatlantic.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-013993
- JSON: https://secwatch.observer/filing/0001213900-22-013993.json
- Plain text: https://secwatch.observer/filing/0001213900-22-013993.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.