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:   2025-11-04T23:59:59+00:00
Accession:  0001213900-25-105594
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chicago Atlantic Q3 2025 net income $0.42/sh, down 25% YoY; portfolio grows to $400M
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- Net interest income $13.7M, down from $14.5M in Q3 2024; net income $8.9M ($0.42/sh).
- Distributable earnings $0.50/sh vs $0.57/sh YoY; regular dividend maintained at $0.47/sh.
- Total loan principal $399.9M (up 12% YoY); 86% of loans have rate floors at or above Prime.
- Affirmed 2025 outlook; liquidity ~$63M, $69.1M available on revolver extended to 2028.
- Pipeline of over $415M in new opportunities; $3.3M advanced post-quarter to existing borrowers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390025105594/0001213900-25-105594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390025105594/ea0263563-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-105594

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