secwatch.observer — SEC 8-K summary
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Issuer:     Chicago Atlantic Real Estate Finance, Inc. (REFI)
CIK:        0001867949
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001213900-22-070342
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01, 2.03, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Chicago Atlantic Q3 net income $0.55/share, raises FY2022 adjusted distributable earnings guidance to $2.01-$2.05
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- Net income $9.8M ($0.55/diluted), up 31% sequentially from $7.5M ($0.42) in Q2 2022.
- Adjusted distributable earnings $10.3M ($0.58/diluted), up 16% sequentially; FY2022 guidance raised to $2.01-$2.05 from $1.95-$2.00.
- Weighted average loan yield 18.3% (vs 17.7% Q2 2022); book value per share $15.23 (vs $15.13).
- Credit facility expanded to $92.5M from $65M, adding four new lenders; leverage target 25%-35% by year-end.
- Regular quarterly dividend maintained at $0.47/share; full-year dividend expected $1.81 with potential special dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390022070342/0001213900-22-070342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390022070342/ea168266-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070342

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