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:   2024-05-07T23:59:59+00:00
Accession:  0001213900-24-040237
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024040237/0001213900-24-040237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024040237/ea020515701-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040237

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