---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040237"
form_type: "8-K"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:42:35.911214+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-040237
- form_type: 8-K
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390024040237/0001213900-24-040237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390024040237/ea020515701-8k_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040237
- JSON: https://secwatch.observer/filing/0001213900-24-040237.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040237.txt

## Key facts
- Earnings Releases
  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
  source text: issued a press release announcing its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867949/000121390024040237/0001213900-24-040237-index.htm

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