---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-026631"
form_type: "8-K"
ticker: "REFI"
cik: "0001867949"
company_name: "Chicago Atlantic Real Estate Finance, Inc."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:52:18.142833+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chicago Atlantic Q4 net income $8.16M ($0.38/shr); distributable earnings $0.44/shr

## Summary
- Net interest income Q4 $14.24M vs $13.69M Q3; net income $8.16M ($0.38/shr) vs $8.93M ($0.42) Q3.
- Full year 2025 distributable earnings basic $40.35M ($1.92/shr) vs $40.02M ($2.08) in 2024.
- Portfolio principal $411.1M at Dec 31, up from $399.9M at Sep 30; weighted average yield 16.3%.
- Subsequent activity: advanced $51.1M new loans, received $40.4M repayments through Mar 12, 2026.
- 2026 dividend payout target 90-100% of distributable earnings; pipeline $616M.

## SEC filing metadata
- accession: 0001213900-26-026631
- form_type: 8-K
- ticker: REFI
- cik: 0001867949
- company_name: Chicago Atlantic Real Estate Finance, Inc.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867949/000121390026026631/0001213900-26-026631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867949/000121390026026631/ea0280819-8k_chicago.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-026631
- JSON: https://secwatch.observer/filing/0001213900-26-026631.json
- Plain text: https://secwatch.observer/filing/0001213900-26-026631.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.