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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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.

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.

Chicago Atlantic Real Estate Finance: Cannabis Lender With A 13.4% Yield

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"The world's favorite season is the spring. All things seem possible in May." - Edwin Way Teale. It's time for another edition of "Monthly Mailbox Money".

Monthly Mailbox Money In May

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

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As if concerns over banks' liquidity weren't enough to rattle investors, analysts have been raising concerns about the U.S. commercial real-estate market, especially for office buildings. Below is a screen of real-estate investment trusts that concentrate on commercial real estate, highlighting the 11 analysts expect to fare best through 2024.

Amid warnings for the sector, these 11 commercial REIT stocks are loved by analysts, who see upside of up to 47%

AFC Gamma

Some investors (like me) may be wondering if it's time to cut their losses and focus on safer sectors, or perhaps wait it out for sunnier days ahead. To better that question, we decided to provide an update on all of the primary players among cannabis REITs: IIPR, NLCP, AFCG, and REFI.

Cannabis REITs: Separating The Weed From The Chaff

Abbott Labs

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Apollo Commercial Real Estate Finance

Broadmark Realty Capital Inc.

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Credit Suisse

Eagle Point Credit

Stone Harbor Emerging Markets Total Income Fund

Ellington Financial

FS KKR Capital Corp

Himax Tech

AG Mortgage Investment Trust

Pfizer

V.F.

Prior to February 28, 2023, readers mentioned 38 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 Re/Fa/Ro: ABT, MMM, PFE, CCAP, ACRE, CS, VFC, REFI, BRSP, and MITT, averaged 64.47% net gains from data collected 3/14/23.

Readers Revealed 21 Ideal February Dividend Dogs

Chicago Atlantic Real Estate Finance, Inc. (REFI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -13.72% in 4 Weeks, Here's Why Chicago Atlantic Real Estate Finance, Inc. (REFI) Looks Ripe for a Turnaround

CHICAGO, March 15, 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 first quarter of 2023. The dividend, which equates to an annualized rate of $1.88 per common share, is payable on April 14, 2023, to shareholders of record as of the close of business on March 31, 2023.

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

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U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.

Failure Fallout

The following slide deck was published by Chicago Atlantic Real Estate Finance, Inc. in conjunction with their 2022 Q4 earnings call.

Chicago Atlantic Real Estate Finance, Inc. 2022 Q4 - Results - Earnings Call Presentation

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q4 2022 Earnings Conference Call March 9, 2023 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners, LLC John Mazarakis - Executive Chairman Anthony Cappell - Chief Executive Officer Andreas Bodmeier - Co-President and Chief Investment Officer Phil Silveran - Interim Chief Financial Officer Conference Call Participants Aaron Hecht - JMP Securities Gaurav Mehta - EF Hutton Mark Smith - Lake Street Operator Good day, and thank you for standing by. Welcome to the Chicago Atlantic Real Estate Finance, Inc. Fourth Quarter 2022 Earnings Conference Call.

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q4 2022 Earnings Call Transcript

Chicago Atlantic Real Estate Finance, Inc. (REFI) delivered earnings and revenue surprises of -12.77% and 11.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Chicago Atlantic Real Estate Finance, Inc. (REFI) Lags Q4 Earnings Estimates

CHICAGO, March 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 fourth quarter and year ended December 31, 2022.

Chicago Atlantic Real Estate Finance Announces Fourth Quarter 2022 Financial Results

CHICAGO, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, today announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into the First Amendment to the Third Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and six FDIC-insured financial institutions to extend the maturity of its $92.5 million secured revolving credit facility (the “Revolving Loan”).

Chicago Atlantic Real Estate Finance Amends its Revolving Credit Facility to Extend Maturity to December 2024

CHICAGO, Feb. 21, 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 fourth quarter ended December 31, 2022.

Chicago Atlantic Real Estate Finance Schedules Fourth Quarter 2022 Earnings Release and Conference Call Dates

CHICAGO, Feb. 15, 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 it completed a registered direct offering of 395,779 shares of common stock at a price of $15.16 per share, raising net proceeds of approximately $6 million.

Chicago Atlantic Real Estate Finance Raises $6 Million in Direct Offering of Common Stock

Silver Spike Investment Corp

This article takes a look at AFC Gamma compared to two close peers which are balance sheet lenders to the cannabis industry. Legalization efforts at the state level continue to progress while federal changes remain stalled. I provide some reflections and commentary here on the state of the market overall.

AFC Gamma Compared To 2 Peers In Cannabis Lending: REFI And SSIC

Declares Special Dividend of $0.29 per common share for 2022 Tax Year Declares Special Dividend of $0.29 per common share for 2022 Tax Year

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2022

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q3 2022 Results Conference Call November 9, 2022 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners, LLC John Mazarakis - Executive Chairman Tony Cappell - Chief Executive Officer Andreas Bodmeier - Co-President and Chief Investment Officer Phil Silveran - Interim Chief Financial Officer Conference Call Participants Aaron Hecht - JMP Securities Gaurav Mehta - EF Hutton Mark Smith - Lake Street Capital Markets Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Chicago Atlantic Real Estate Finance, Inc. Third Quarter 2022 Earnings Conference Call.

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 2022 Earnings Call Transcript

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The previously high-flying cannabis REITs have been slammed this year on concerns over rent payment from their cannabis cultivator tenants, which have been struggling amid a plunge in wholesale cannabis prices. The 30-50% plunge in pot prices comes amid a flood of new entrants to the cannabis retail and cultivation industry and as institutional capital to multi-state operators has driven production-efficiencies.

Cannabis REITs: Too Cheap To Get High

News for Chicago Atlantic Real Estate Finance Stock (REFI)