---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-084498"
form_type: "8-K"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:15:35.280603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-084498
- form_type: 8-K
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390023084498/0001213900-23-084498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390023084498/ea187780-8k_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-084498
- JSON: https://secwatch.observer/filing/0001213900-23-084498.json
- Plain text: https://secwatch.observer/filing/0001213900-23-084498.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867949/000121390023084498/0001213900-23-084498-index.htm

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