Chicago Atlantic Q1 net income $4.8M ($0.23/share) vs $10M a year ago; provision spikes

Chicago Atlantic Real Estate Finance, Inc.

2026-Q1 EPS reported $0.23

Net interest income $13.1M flat YoY; net income fell 52% to $4.8M ($0.23 diluted EPS).
Provision for credit losses $3.8M (vs $1.1M benefit last year); book value per share $14.39 from $14.60.
Distributable earnings $0.47 basic, $0.46 diluted; regular quarterly dividend maintained at $0.47/share.
Loan portfolio $413.6M; weighted average yield 15.8%; debt/equity ratio rose to 38.4%.
FY2026 outlook: dividend payout 90-100% of distributable earnings; special dividend possible in Q4.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Chicago Atlantic Real Estate Finance, Inc. reported first quarter ended March 31, 2026 results: net income Net income $ 4,840,364 $ 0.23, EPS Distributable earnings - diluted $ 9,833,020 $ 0.46.

Period: first quarter ended March 31, 2026
Net income: Net income $ 4,840,364 $ 0.23
EPS: Distributable earnings - diluted $ 9,833,020 $ 0.46
Result: reported results

Exact text from the filing

$ 0.61 $ 14,238,203 $ 0.66 $ 13,041,933 $ 0.61 Total expenses before provision for expected credit losses $ 4,239,871 $ 0.20 $ 5,981,137 $ 0.28 $ 4,073,897 $ 0.19 Net income $ 4,840,364 $ 0.23 $ 8,157,249 $ 0.38 $ 10,041,312 $ 0.47 (Benefit) provision for current expected credit losses $ 3,837,851 $ 0.18 $ 99,817 $ 0.00 $ (1,073,276 ) $ (0.05 ) Distributable

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Source: SEC EDGAR

accession 0001213900-26-053036

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