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 Q1 2024

Chicago Atlantic Real Estate Finance, Inc. reports strong Q1 performance and strategic growth positioning

REFI's Q1 2023 performance reflects financial strength and strategic positioning for future growth. While challenges such as regulatory impact and interest rate management exist, the company's sound financial management and focus on selective originations present opportunities for continued success.

Chicago Atlantic Real Estate Finance, Inc. addresses challenges, affirms 2023 outlook

Chicago Atlantic Real Estate Finance, Inc. addressed challenges in net interest income and the first default experienced by the platform. However, the company's strategic partnerships and diversification efforts, particularly in the cannabis industry, position it for future growth. Affirmation of the 2023 outlook based on results through the first half of the year indicates confidence in the company's resilience.

Chicago Atlantic Real Estate Finance, Inc. reports strong Q3 performance and strategic investments

Chicago Atlantic Real Estate Finance, Inc. demonstrated robust financial performance in Q3 2023, marked by strong loan portfolio metrics, increased distributable earnings, and a stable CECL reserve. While the high dividend payout ratio may pose challenges, the company's strategic investments and growth in book value indicate promising opportunities for future expansion and value creation.

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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.

CHICAGO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today announced its results for the third quarter ended September 30, 2023.

Chicago Atlantic Real Estate Finance Announces Third Quarter 2023 Financial Results

CHICAGO--(BUSINESS WIRE)--Chicago Atlantic closed a secured term loan with Halo Collar™, the AI-driven dog collar that offers highly accurate GPS dog fencing solutions.

Chicago Atlantic Funds Term Loan to Halo CollarTM

AFC Gamma

Innovative Industrial Properties

In 2023, the cannabis industry and marijuana stocks continue their remarkable growth trajectory, offering investors an enticing landscape of opportunities. As this burgeoning sector evolves, Cannabis Real Estate Investment Trusts (REITs) have emerged as a compelling avenue for investors seeking long-term stability and growth in their portfolios. In addition, these Cannabis REITs, which primarily focus on leasing properties to cannabis operators, have quickly established themselves as key players in this green revolution.

Investor's Guide: Top Cannabis REITs for November

WM Technology

Scotts Miracle-Gro

Constellation Brands

Tilray Brands

Village Farms International

Valley National

Cannabis stocks are well off past peaks. But that doesn't mean it's a dead – or dying – industry.

The DIY Cannabis Portfolio: 7 Stocks From Seed to Stem

As the cannabis industry continues to grow more people are looking for ways to invest. Over the last several years legal cannabis has taken off in a major way. Almost the entire United States has established some form of a legal market. Most of these legal states are generating over a billion dollars in revenue. Not just that with the industry expanding it also offers several unique opportunities.

3 Marijuana Stock For Cannabis Real Estate Investing

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

Devon Energy

AT&T

Dividend stocks are typically added to a portfolio during recessions because even if the stock price drops, you could offset the losses by getting paid each quarter. Depending on the yield, you could even offset the yearly inflation with some stocks.

Top 3 dividend stocks to add to your portfolio in September

Aurora Cannabis

Canopy Growth

Cronos Group

Curaleaf Holdings, Inc.

SNDL Inc.

Curaleaf Holdings Inc. OTCMKTS: CURLF,  Innovative Industrial Properties Inc. NYSE: IIPR and Tilray Inc. NASDAQ: TLRY were among cannabis stocks jumping higher after the Department of Health and Human Services recommended that marijuana no longer be classified as a Schedule 1 drug.

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

Bio-Rad Laboratories

Graphic Packaging Hld

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

New Strong Sell Stocks for August 18th

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

Power REIT

I suspect my home state will be the last state legalizing pot. So the closest I can get to this polarizing sector is cannabis REITs. In this article, I break down the 5 cannabis REITs.

Cannabis REITs Have Gone To Pot

Apartment Income REIT Corp

BRT Apartments

Ladder Capital

Ready Capital Corp

Sachem Capital

Before you make any decision about these undervalued REITs, first rest assured that I'll only be delivering facts to the table. Not only can you trust that these investment ideas are actually undervalued by a commonly gauged metric, but each of them also features overall bullish analyst support.

7 Undervalued REITs to Snap Up Now for Cheap

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

Ares Commercial Real Estate

Apollo Commercial Real Estate Finance

ARMOUR Residential REIT

BrightSpire Capital

Chevron

Federal Realty Investment Trust

FS Credit Opportunities Corp

Orchid Island Capital

Petroleo Brasileiro

Star Bulk Carriers

Trinity Capital

V.F.

Prior to April 30, 2023 my readers mentioned 26 equities in recent comments on Arnold articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated Top-Net-Gain ReFa/Ro: CVX, ACRE, RC, FRT, IMO, REFI, VFC, BRSP, SBLK, and PBR, averaged 44.3% net gains from reader data collected 5/17/23.

Readers Reveal 26 Ideal April-May Dividend Dogs

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.

News for Chicago Atlantic Real Estate Finance Stock (REFI)