earnings
confidence high
sentiment positive
materiality 0.70
Chicago Atlantic Q2 adjusted distributable earnings $0.50/share; dividend raised 17.5% to $0.47
Chicago Atlantic Real Estate Finance, Inc.
2022-Q2 EPS reported
$0.86
revenue$21,161,257
- Net income of $7.5M ($0.42/diluted share); adjusted distributable earnings of $8.8M ($0.50/share).
- Total interest income $11.9M; portfolio weighted avg yield to maturity 17.7% (up from 17.2% Q1).
- Book value per share $15.13; leverage ratio 16.8% ($45M drawn on $65M credit facility).
- Paid Q2 dividend of $0.47/share, a 17.5% increase from Q1; expects at least $0.47 for Q3 and Q4.
- H2 2022 adjusted distributable earnings guidance of $1.00-$1.05 per share; full year $1.95-$2.00.