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:   2024-08-07T23:59:59+00:00
Accession:  0001213900-24-065911
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024065911/0001213900-24-065911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024065911/ea0210616-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-065911

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