REFI Q1 net income $8.7M ($0.47/share); distributable earnings $0.52/share; portfolio yield 19.4%

Chicago Atlantic Real Estate Finance, Inc.

2024-Q1 EPS reported $0.47

Net interest income $13.2M; net income $8.7M ($0.47 diluted EPS); distributable earnings $9.7M ($0.52).
Loan commitments $401.3M; weighted average yield to maturity 19.4%; real estate coverage 1.3x; LTV 40.5%.
Originated $22.5M in Q1; issued 896,443 ATM shares at $15.93 avg, raising ~$13.9M net.
Amended credit facility: maturity extended to June 2026, accordion increased to $150M.
Book value per share $14.97 (up from $14.94 Q4); regular quarterly dividend $0.47 paid April 15.

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 first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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Chicago Atlantic Real Estate Finance, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-040237

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