---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-018679"
form_type: "8-K"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:47:19.470719+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chicago Atlantic Q4 2022 net income $7.3M ($0.41/sh); yield to maturity 19.7%, floating rate 83%

## Summary
- Q4 net interest income $14.8M (+14.1% seq); net income $7.3M ($0.41/sh), down 25.7% seq.
- Weighted avg yield to maturity 19.7% (up from 18.3% prior qtr); floating rate loans now 83% of portfolio.
- On Feb 15, raised ~$6M via direct offering of 395,779 shares at $15.16; on Feb 27, extended $92.5M credit facility to Dec 2024.
- Q4 regular dividend $0.47/sh plus special $0.29/sh paid Jan 13; full-year dividends $2.10/sh.
- 2023 outlook: maintains 90-100% payout ratio; regular quarterly dividend minimum $0.47/sh.

## SEC filing metadata
- accession: 0001213900-23-018679
- form_type: 8-K
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390023018679/0001213900-23-018679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390023018679/ea174901-8k_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-018679
- JSON: https://secwatch.observer/filing/0001213900-23-018679.json
- Plain text: https://secwatch.observer/filing/0001213900-23-018679.txt

## Key facts
- Earnings Releases
  Chicago Atlantic Real Estate Finance, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue Net interest income of approximately $14.8 million, net income Net Income of approximately $7.3 million, or $0.41 per weighted average diluted common share, EPS $0.41 per weighted average diluted common share.
  - Period: the fourth quarter and year ended December 31, 2022
  - Revenue: Net interest income of approximately $14.8 million
  - Net income: Net Income of approximately $7.3 million, or $0.41 per weighted average diluted common share
  - EPS: $0.41 per weighted average diluted common share
  - Result: reported results
  source text: included in the fiscal 2022 taxable income, to common stockholders of record on December 30, 2022. Fourth Quarter 2022 Financial Results ● Net interest income of approximately $14.8 million, representing a sequential increase of 14.1%; primarily due to the increase in the prime rate from 6.25% to 7.50%, improved yield terms on facilities amended and/or restructured
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867949/000121390023018679/0001213900-23-018679-index.htm

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