earnings
confidence high
sentiment neutral
materiality 0.55
REFI Q1 net income $10.0M ($0.47 diluted); book value $14.87, dividend $0.47
Chicago Atlantic Real Estate Finance, Inc.
2025-Q1 EPS reported
$0.47
- Net income $10.0M ($0.47 diluted), up 20.5% sequentially; distributable earnings $9.7M.
- Net interest income $13.0M vs $14.1M in Q4 2024; includes $0.4M prepayment fees.
- Loan portfolio $407M principal across 30 cos; weighted avg yield 16.9% (17.2% prior).
- Book value $14.87/share (from $14.83); leverage 28%; paid $0.47 dividend on Apr 15.
- Affirmed 2025 outlook; management sees opportunity amid cannabis disruption and tariff uncertainty.