Chicago Atlantic Q1 net income $7.8M, dividend up 53.8% to $0.40

Chicago Atlantic Real Estate Finance, Inc.

2022-Q1 EPS reported $0.44 revenue$9,833,053

Net income $7.8M ($0.44 diluted EPS); adjusted distributable earnings $8.0M ($0.45/share).
Portfolio loan commitments $321.1M at Mar 31; $337.3M as of May 10, weighted avg yield 17.5%.
Q1 dividend of $0.40/share paid Apr 14, a 53.8% increase vs Q4 2021.
Funded $86.7M in new loans during Q1; $25M additional funded in Q2 to date.
Book value per share $15.17, up from $15.13 at Dec 31, 2021.

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