REIT Q1 net income $10.7M ($0.60/dil sh), up 46% qoq; distributable earnings $11.1M ($0.62/sh)

Chicago Atlantic Real Estate Finance, Inc.

2023-Q1 EPS reported $0.60 revenue$14,909,008

Net interest income $14.9M, up 1% sequentially; total expenses $4.1M, down 18%.
Portfolio yield 19.4%; floating-rate loans rose to 88%; loan-to-value 41%.
Gross originations $34.1M, repayments $59.2M; net share issuance raised $6M at $15.16.
Book value per share $15.04 vs $14.86; dividend $0.47 paid April 14.
Credit facility extended to Dec 2024; liquidity $52.6M; leverage ratio ~14%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Chicago Atlantic Real Estate Finance, Inc. reported first quarter ended March 31, 2023 results: net income Net Income of approximately $10.7 million, or $0.60 per weighted average diluted common share, EPS $0.60 per weighted average diluted common share.

Period: first quarter ended March 31, 2023
Net income: Net Income of approximately $10.7 million, or $0.60 per weighted average diluted common share
EPS: $0.60 per weighted average diluted common share
Result: reported results

Exact text from the filing

Chicago Atlantic Real Estate Finance Announces First Quarter 2023 Financial Results

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Chicago Atlantic Real Estate Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-037448

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