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:   2023-05-09T23:59:59+00:00
Accession:  0001213900-23-037448
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390023037448/0001213900-23-037448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390023037448/ea178166-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-037448

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer