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:   2026-03-12T23:59:59+00:00
Accession:  0001213900-26-026631
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 Q4 net income $8.16M ($0.38/shr); distributable earnings $0.44/shr
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867949/000121390026026631/0001213900-26-026631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867949/000121390026026631/ea0280819-8k_chicago.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-026631

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