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:   2023-11-08T23:59:59+00:00
Accession:  0001213900-23-084498
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390023084498/0001213900-23-084498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390023084498/ea187780-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-084498

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