---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-064754"
form_type: "8-K"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:32:28.413005+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chicago Atlantic Q2 distributable earnings $0.55/share; net interest income $13.7M; NY fund $150M

## Summary
- Net interest income $13.7M (down 8.3% sequentially); provision for credit losses $5.2M (up $1.1M).
- Distributable earnings $10.1M or $0.55 per diluted share; book value $15.06 (from $15.04).
- Leverage 16%; liquidity $46.4M ($4.4M cash + $42M credit facility availability).
- New York Cannabis Social Equity Investment Fund: up to $150M; $18.8M advanced for 17 dispensaries.
- Quarterly dividend $0.47 per share paid July 14; 2023 outlook affirmed.

## SEC filing metadata
- accession: 0001213900-23-064754
- form_type: 8-K
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390023064754/0001213900-23-064754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390023064754/ea183031-8k_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-064754
- JSON: https://secwatch.observer/filing/0001213900-23-064754.json
- Plain text: https://secwatch.observer/filing/0001213900-23-064754.txt

## Key facts
- Earnings Releases
  Chicago Atlantic Real Estate Finance, Inc. reported second quarter ended June 30, 2023 results: revenue approximately $13.7 million, net income approximately $10.1 million, EPS $0.55 per weighted average diluted common share. Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: approximately $13.7 million
  - Net income: approximately $10.1 million
  - EPS: $0.55 per weighted average diluted common share
  - Guidance: reaffirmed
  - Result: reported results
  source text: of common stock for the second quarter of 2023 to common stockholders of record on June 30, 2023. Second Quarter 2023 Financial Results ● Net interest income of approximately $13.7 million, representing a sequential decrease of 8.3%; due to the impact of timing of early principal repayments and lower average principal outstanding during the three months ended
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867949/000121390023064754/0001213900-23-064754-index.htm

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