{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-021571","form_type":"8-K","ticker":"REFI","cik":"0001867949","company_name":"Chicago Atlantic Real Estate Finance, Inc.","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.161932+00:00","generated_at":"2026-06-04T23:27:23.421871+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Chicago Atlantic Q4 net income $0.51 EPS, down 5.8% seq; FY distributable earnings up 7.6%; promotes Co-CEO and CFO","bullets":["Q4 net income $9.4M ($0.51 diluted EPS); sequential decrease of 5.8% due to higher management fees.","FY2023 net interest income $57.1M (+17% YoY); distributable earnings $41.5M ($2.26/share), up 7.6% YoY.","Total 2023 dividends $2.17/share (regular $1.88 + special $0.29), up 3.3% YoY; 2024 payout ratio 90-100%.","Credit facility amended: maturity extended to June 2026, accordion up to $150M. Net liquidity ~$10M as of Mar 11.","Peter Sack promoted to Co-CEO, Phil Silverman to CFO effective March 7, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-021571","json":"https://secwatch.observer/filing/0001213900-24-021571.json","markdown":"https://secwatch.observer/filing/0001213900-24-021571.md","text":"https://secwatch.observer/filing/0001213900-24-021571.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1867949/000121390024021571/0001213900-24-021571-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1867949/000121390024021571/ea0201450-8k_chicago.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:27:23.421871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ae38fbe9f1b6df5c314f0a34c7efa0985039501","claim":"Chicago Atlantic Real Estate Finance, Inc. reported year ended December 31, 2023 results: net income Net Income of approximately $38.7 million, EPS $2.11 per weighted average diluted common share.","evidence_excerpt":"Net Income of approximately $38.7 million, or $2.11 per weighted average diluted common share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1867949/000121390024021571/0001213900-24-021571-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Net income","value":"Net Income of approximately $38.7 million"},{"label":"EPS","value":"$2.11 per weighted average diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4be57ab95023d469cc14719118f58a7b082e0f1e","claim":"Chicago Atlantic Real Estate Finance, Inc. reported fourth quarter ended December 31, 2023 results: net income Net income of approximately $9.4 million, EPS $0.51 per weighted average diluted share.","evidence_excerpt":"Net income of approximately $9.4 million, or $0.51 per weighted average diluted share, representing a sequential decrease of 5.8%, primarily due to the aforementioned increase in net management and incentive fees.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1867949/000121390024021571/0001213900-24-021571-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Net income","value":"Net income of approximately $9.4 million"},{"label":"EPS","value":"$0.51 per weighted average diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}