Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. It engages in a series of transactions of senior secured loans and other real estate related assets. The company was founded on March 30, 2021 and is headquartered in Chicago, IL.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Chicago Atlantic Real Estate Finance (REFI) reports robust Q4 performance amidst industry challenges

Chicago Atlantic Real Estate Finance (REFI) delivered a strong performance in Q4 2022, focusing on loan portfolio growth and shareholder returns.
Despite facing challenges from regulatory uncertainties and pricing pressures, REFI remains well-positioned to capitalize on opportunities in the cannabis industry and new market initiatives.
By emphasizing strategic originations, financial metrics, and dividend commitments, REFI is poised for continued growth and profitability in 2023.

Chicago Atlantic Real Estate Finance (REFI) excels in Q1 2023 earnings, eyes growth amidst regulatory changes

Chicago Atlantic Real Estate Finance (REFI) demonstrated a robust performance in Q1 2023, emphasizing its direct lending focus in the cannabis credit market. The company's strategic discussions on originations, interest rate strategies, and regulatory impacts highlight a proactive approach to navigating market dynamics.

Chicago Atlantic Real Estate Finance reports Q2 challenges and growth opportunities

Chicago Atlantic Real Estate Finance faced challenges in net interest income and operating expenses but maintained a strong loan portfolio.
Strategic partnerships and commitments demonstrate resilience and forward-thinking amidst industry uncertainties.
Opportunities for growth lie in exploring new states for investment and enhancing transparency in key deals.

Chicago Atlantic Real Estate Finance (REFI) excels in Q3 2023 with focus on cannabis industry

Chicago Atlantic Real Estate Finance (REFI) showcased strong financial performance and a strategic focus on the cannabis industry in Q3 2023. The company's emphasis on credit quality, disciplined underwriting, and capital provision positions it well for future growth.

Chicago Atlantic Real Estate Finance (REFI) reports strong Q4 performance and eyes cannabis industry growth

Chicago Atlantic Real Estate Finance (REFI) delivered strong financial results, showcasing growth and stability. While facing challenges in debt capital competition and regulatory impacts, the company is well-positioned to capitalize on opportunities in the cannabis sector.

Chicago Atlantic Real Estate Finance reports stable Q1 performance and eyes growth opportunities

Chicago Atlantic Real Estate Finance (REFI) delivered a solid performance in Q1 2024, showcasing financial stability, strong credit quality, and consistent earnings.
While facing challenges such as declining net interest income and potential impacts from DA rescheduling, the company remains well-positioned to navigate uncertainties.
With opportunities to explore financing activities, maintain positive relationships, and leverage its strengths, REFI is poised for sustainable growth and industry competitiveness.

Chicago Atlantic Real Estate Finance (REFI) maintains steady growth trajectory

Chicago Atlantic Real Estate Finance (REFI) demonstrated resilience and strategic financial management in Q2 2024, balancing growth prospects with risk mitigation.
The company's prudent approach to portfolio growth, efficient capital-raising strategies, and focus on high-yield assets position them for sustainable performance.
By navigating industry dynamics and leveraging opportunities in limited license states and adult-use transitions, REFI aims to drive long-term value for investors.

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Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. It engages in a series of transactions of senior secured loans and other real estate related assets. The company was founded on March 30, 2021 and is headquartered in Miami Beach, FL.

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CHICAGO--(BUSINESS WIRE)--Chicago Atlantic has announced, as part of its Trident strategy, its aim to develop affordable housing at cost for internally displaced Ukrainians.

Chicago Atlantic Prioritizes Affordable Housing in Ukraine

CHICAGO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the third quarter of 2023. The dividend, which equates to an annualized rate of $1.88 per common share, is payable on October 13, 2023, to shareholders of record as of the close of business on September 29, 2023.

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2023

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Will This New Development Mean A Big Rally In Cannabis Stocks?

Chicago Atlantic Real Estate Finance, Inc. is a REIT offering credit to licensed operators in the cannabis industry and has seen significant growth in its loan portfolio. The lack of federal legalization of cannabis sales in the U.S. limits liquidity for the industry, but the market is still expected to grow steadily. There are risks associated with mortgage REITs that finance cannabis operators, including regulatory challenges and potential competition from traditional lenders in the future.

Chicago Atlantic Real Estate Finance: High-Yielding mREIT Backing Cannabis Industry

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BIO, REFI and GPK have been added to the Zacks Rank #5 (Strong Sell) List on August 18, 2023.

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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations John Mazarakis - Executive Chairman Tony Cappell - Chief Executive Officer Andreas Bodmeier - Co-President and Chief Investment Officer Peter Sach - Co-President Phil Silverman - Interim Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Mitchel Penn - Oppenheimer Operator Thank you for standing by. Welcome to the Chicago Atlantic Real Estate Finance, Inc. Second Quarter 2023 Earnings Conference Call.

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2023 Earnings Call Transcript

Chicago Atlantic Real Estate Finance, Inc. (REFI) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.50 per share a year ago.

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 Earnings and Revenues Miss Estimates

CHICAGO, July 26, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced details for the release of its results for the second quarter ended June 30, 2023.

Chicago Atlantic Real Estate Finance Schedules Second Quarter 2023 Earnings Release and Conference Call Date

Chicago Atlantic Real Estate Finance Inc. REFI, -0.13% said Friday it would provide up to $150 million in capital for the New York State Cannabis Social Equity Investment Fund. The money will be combined with $50 million from state cannabis tax revenue to secure, lease, design and construct cannabis dispensaries that have been licensed under the state's conditional adult-use cannabis dispensary or CAURD program.

Chicago Atlantic commits $150 mln for New York State Cannabis Social Equity Investment Fund

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CHICAGO, June 16, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the second quarter of 2023. The dividend, which equates to an annualized rate of $1.88 per common share, is payable on July 14, 2023, to shareholders of record as of the close of business on June 30, 2023.

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Second Quarter of 2023

Chicago Atlantic Real Estate Finance, Inc. (REFI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Chicago Atlantic Real Estate Finance, Inc. (REFI) Upgraded to Buy: Here's Why

The consensus price target hints at a 27.8% upside potential for Chicago Atlantic Real Estate Finance, Inc. (REFI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 27.84% Upside in Chicago Atlantic Real Estate Finance, Inc. (REFI): Here's What You Should Know

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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Harry Sullivan - SCR Partners John Mazarakis - Executive Chairman Anthony Cappell - CEO & Director Phillip Silverman - Interim CFO, Company Secretary & Controller Conference Call Participants Aaron Hecht - JMP Securities Mark Smith - Lake Street Capital Markets Operator Good day, and thank you for standing by. Welcome to the Chicago and Atlantic Real Estate Finance, Inc. First Quarter 2023 Earnings Call.

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q1 2023 Earnings Call Transcript

Chicago Atlantic Real Estate Finance, Inc. (REFI) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.45 per share a year ago.

Chicago Atlantic Real Estate Finance, Inc. (REFI) Meets Q1 Earnings Estimates

CHICAGO, May 09, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial real estate finance company, today announced its results for the first quarter ended March 31, 2023.

Chicago Atlantic Real Estate Finance Announces First Quarter 2023 Financial Results

Chicago Atlantic operates in the nascent space for providing debt capital to legal US cannabis companies. The mortgage REIT is paying out a 13.4% dividend yield that's fully covered by distributable earnings.

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CHICAGO, April 25, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced details for the release of its results for the first quarter ended March 31, 2023.

Chicago Atlantic Real Estate Finance Schedules First Quarter 2023 Earnings Release and Conference Call Date

Chicago Atlantic Real Estate Finance, Inc. (REFI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Chicago Atlantic Real Estate Finance, Inc. (REFI) Upgraded to Strong Buy: Here's What You Should Know

News for Chicago Atlantic Real Estate Finance Stock (REFI)