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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic”), announced today it acted as sole lender on a new senior secured credit facility for MEDfarms LLC (“MEDfarms”), a vertically integrated operator in Michigan.

Chicago Atlantic Real Estate Finance, Inc. Funds Senior Secured Credit Facility to MEDfarms

Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) announced Friday that its board of directors declared a quarterly dividend for the quarter ending December 31, 2021, of $0.26 per outstanding share of common stock. The dividends are payable on January 14, 2022, to the common stockholders of record on December 31, 2021.

Cannabis Industry Lender, Chicago Atlantic Real Estate Finance, Declares Quarterly Dividend

CHICAGO, Dec. 31, 2021 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (“REFI” or “the Company”), a leading institutional lender to state-licensed cannabis operators, today announced that its Board of Directors has declared a quarterly dividend for the quarter ending December 31, 2021 of $0.26 per outstanding share of common stock, payable on January 14, 2022 to the common stockholders of record on December 31, 2021. After paying the quarterly dividend, the Board of Directors believes that the Company will have distributed 100% of distributable earnings for the year ending December 31, 2021.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) Announces Quarterly Dividend

Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) announced Tuesday that its wholly-owned financing subsidiary, Chicago Atlantic Lincoln, LLC, entered into an amended and restated loan and security agreement by and among Chicago Atlantic Lincoln and two FDIC-insured financial institutions related to a secured revolving credit facility. The revolving loan has an aggregate commitment of $45.0 million and a maturity date of December 16, 2023, with a one-year extension option, subject to customary conditions.

Cannabis Industry Lender Chicago Atlantic Real Estate Finance Borrows $45M

CHICAGO, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (“REFI” or “the Company”), a leading institutional lender to state-licensed cannabis operators, today announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into an Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and two FDIC-insured financial institutions related to a secured revolving credit facility (the “Revolving Loan”).

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) Announces Upsize of Revolving Credit Facility with two FDIC-Insured Banks to $45 Million

BurTech Acquisition Corp

Financial Strategies Acquisition Corp

Growth For Good Acquisition Corp

Globalink Investment

Healthcare AI Acquisition Corp

HashiCorp

PepperLime Health Acquisition Corp

JUPITER WELLNESS ACQUISITION CORP

Nu Holdings

Target Global Acquisition I Corp

Brazil-based Nu Holdings priced at the high end of downwardly revised range to raise $2.6 billion at a $43.4 billion market cap. Cloud infrastructure platform HashiCorp priced well above the range to raise $1.2 billion at a $16.0 billion market cap.

U.S. IPO Weekly Recap: Digital Banking Leads A 3 IPO Week

Agrify

Flora Growth Corp

GrowGeneration Corp

High Tide

India Globalization Capital

Jupiter Wellness

Tilray Brands

The Valens Co

Welcome back to our weekly series,  Schaeffer's Cannabis Stock News Update , where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up in 2021.

9 Hottest Stories from the Cannabis Sector This Week

CHICAGO, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (“Chicago Atlantic”), a commercial real estate finance company, announced today that it has closed its initial public offering of 6,250,000 shares of its common stock at a public offering price of $16.00 per share.   At the closing, Chicago Atlantic received total gross proceeds of approximately $100 million, before deducting underwriting discounts and commissions and other offering expenses. Chicago Atlantic's common stock is listed on The NASDAQ Global Market under the symbol “REFI” and began trading on December 8, 2021. Chicago Atlantic has also granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the initial public offering price.

Chicago Atlantic Announces Closing of Initial Public Offering

Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc. announced Tuesday that it is seeking to raise $100 million through an initial public offering of 6.25 million shares of its common stock at $16 per share. The company's common stock is expected to begin trading on the NASDAQ Global Market on Wednesday, Dec. 8 under the symbol 'REFI.

Marijuana Industry Lender Chicago Atlantic Debuts On NASDAQ Via $100M IPO

CHICAGO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (“Chicago Atlantic”), a commercial real estate finance company, announced today that it has priced its initial public offering of 6,250,000 shares of its common stock at a public offering price of $16.00 per share.

Chicago Atlantic Prices Initial Public Offering

Austin Gold Corp

The IPO market is expected to pick up in the week ahead with four IPOs scheduled to raise $3.7 billion. Buffett-backed Nu Holdings (NU) plans to raise $2.5 billion at a $41.1 billion market cap.

U.S. IPO Week Ahead: Digital Banking And Cloud Infrastructure Lead A 4 IPO Week

Chicago Atlantic Real Estate Finance has filed proposed terms for a $106 million U.S. IPO. The firm provides senior secured mortgage loans to cannabis industry businesses in North America.

Chicago Atlantic Real Estate Finance Readies IPO

Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc. priced its initial public offering of 6.25 million shares of its common stock. The Chicago-based company that intends to elect and qualify to be taxed as a REIT confirmed the filing of a registration statement on Form S-11 related to an initial public offering of 6.25 million shares of its common stock.

Cannabis REIT Chicago Atlantic Real Estate Finance Prices Its NASDAQ IPO

Chicago Atlantic Real Estate Finance Inc. said Monday it plans to offer 6.25 million shares at $16 to $18 per share in a bid to raise about $106 million in its upcoming initial public offering. The Chicago-based real estate investment trust in the cannabis sector plans to list its common stock on the Nasdaq Global Market under the symbol "REFI".

Cannabis REIT Chicago Atlantic Real Estate Finance sets IPO terms

News for Chicago Atlantic Real Estate Finance Stock (REFI)