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:   2024-11-07T23:59:59+00:00
Accession:  0001213900-24-095169
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chicago Atlantic Q3 net income $11.2M ($0.56/sh), up 22% QoQ per share; $50M unsecured note
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- Net income of $11.2M ($0.56 diluted EPS) vs $9.2M ($0.46) in Q2 2024, a 21.7% per-share increase.
- Distributable earnings $11.2M ($0.56/sh), up 12% QoQ; book value rose to $15.05 from $14.92.
- Loan portfolio $362.3M across 29 companies; weighted avg yield 18.3%; gross originations $32.7M in Q3.
- Entered $50M unsecured term loan at 9% fixed, matures Oct 2028; received BBB+ rating from Egan-Jones.
- Paid Q3 dividend of $0.47/sh on Oct 15; reaffirmed 2024 outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024095169/0001213900-24-095169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390024095169/ea0220097-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095169

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