Chicago Atlantic Q3 distributable earnings $0.57/share, up 3.6%; originations $35.4M

Chicago Atlantic Real Estate Finance, Inc.

2023-Q3 EPS reported $1.60

Distributable earnings $0.57 per diluted share, up 3.6% sequentially; net interest income $13.7M.
Total loan commitments $355.9M; weighted avg yield 19.3%; real estate collateral coverage 1.5x.
Gross originations $35.4M in Q3, $32.8M funded to new borrowers; net of repayments $10.9M.
Book value per share $15.17 (+0.7% QoQ); Q3 dividend $0.47 paid Oct 13.
Leverage 23% debt/equity; liquidity ~$25M; affirmed 2023 outlook.

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 0.95

Chicago Atlantic Real Estate Finance, Inc. updated its the third quarter ended September 30, 2023 guidance (reaffirmed).

Period: the third quarter ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 8, 2023, Chicago Atlantic Real Estate Finance, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001213900-23-084498

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