Chicago Atlantic Q2 net income $9.2M ($0.46 EPS); distributable earnings $0.50/sh

Chicago Atlantic Real Estate Finance, Inc.

2024-Q2 EPS reported $0.93

Net interest income $13.2M; net income $9.2M ($0.46 diluted EPS); distributable earnings $9.8M ($0.50/sh).
Loan principal $383.3M across 31 investments; weighted avg yield 18.7%; real estate collateral coverage 1.3x.
Gross originations $20.9M in Q2; revolver increased to $105M; ATM raised $6.3M at $15.76/share.
Paid quarterly dividend $0.47/sh on July 15; book value $14.92 (down $0.05 from Q1).
Affirmed 2024 outlook; management cited DEA rescheduling tailwind with ~90% support in comment period.

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