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

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Earnings data Q4 2023

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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.

The average of price targets set by Wall Street analysts indicates a potential upside of 37.6% in Chicago Atlantic Real Estate Finance, Inc. (REFI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Chicago Atlantic Real Estate Finance, Inc. (REFI) Have the Potential to Rally 38% as Wall Street Analysts Expect?

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q2 2022 Earnings Conference Call August 9, 2022 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 Lindsay Menze - Chief Financial Officer Conference Call Participants Aaron Hecht - JMP Securities Gaurav Mehta - EF Hutton Mark Smith - Lake Street Capital Markets LLC Harrison Vivas - Cowen and Company, LLC Operator Good morning, afternoon, evening, and welcome to the Chicago Atlantic Real Estate Finance Conference Call. All participants will be in a listen-only mode.

Chicago Atlantic Real Estate Finance, Inc. (REFI) CEO Anthony Cappell on Q2 2022 Results - Earnings Call Transcript

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CHICAGO, Aug. 09, 2022 (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 second quarter ended June 30, 2022.

Chicago Atlantic Real Estate Finance Announces Second Quarter 2022 Financial Results

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CHICAGO, July 22, 2022 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, announced details for the release of its results for the second quarter ended June 30, 2022.

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

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CHICAGO, June 15, 2022 (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 17.5% increase in the Company's regular quarterly cash dividend to $0.47 per share for the second quarter of 2022. The dividend, which equates to an annualized rate of $1.88 per common share, is payable on July 15, 2022 to shareholders of record as of the close of business on June 30, 2022.

Chicago Atlantic Real Estate Finance Increases Quarterly Common Stock Dividend by 17.5% for the Second Quarter of 2022

REFI is a mortgage REIT that lends to state-licensed operators in the cannabis industry. It is currently trading at 1.1x P/B and yields 9% (in-line with other mREITs with better risk profiles).

Chicago Atlantic Real Estate Finance: Cannabis Lender Stuck Between A Rock And A Hard Place

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q1 2022 Earnings Conference Call May 12, 2022 10:00 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 Conference Call Participants Aaron Hecht – JMP Securities Mark Smith – Lake Street Capital Markets Gaurav Mehta – EF Hutton Operator Welcome to the Chicago Atlantic Real Estate Finance, Inc. First Quarter 2022 Earnings Conference Call. My name is John, and I'll be your operator for today's call.

Chicago Atlantic Real Estate Finance, Inc.'s (REFI) CEO Tony Cappell on Q1 2022 Results - Earnings Call Transcript

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CHICAGO, May 12, 2022 (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 an Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and two FDIC-insured financial institutions related to upsizing its secured revolving credit facility (the “Revolving Loan”).

Chicago Atlantic Real Estate Finance Upsizes its Revolving Credit Facility to $65 Million

CHICAGO, May 12, 2022 (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, 2022.

Chicago Atlantic Real Estate Finance Announces First Quarter 2022 Financial Results

CHICAGO, May 06, 2022 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, announced details for the release of its results for the first quarter ended March 31, 2022.

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

Chicago Atlantic Real Estate Finance, Inc.'s (REFI) CEO Anthony Cappell on Q4 2021 Results - Earnings Call Transcript

CHICAGO, March 22, 2022 (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 period ended December 31, 2021.

Chicago Atlantic Real Estate Finance Announces Fourth Quarter 2021 Financial Results

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CHICAGO, March 16, 2022 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, announced today it led a $30 million senior secured credit facility to a private, vertically integrated, single-state cannabis operator in Florida. At closing, Chicago Atlantic funded $17.5 million of its total $22.5 million commitment.

Chicago Atlantic Real Estate Finance Funds $30 Million Senior Secured Credit Facility to Single-State Cannabis Operator in Florida

CHICAGO, March 14, 2022 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, announced details for the release of its results for the fourth quarter and year ended December 31, 2021.

Chicago Atlantic Real Estate Finance Schedules Fourth Quarter 2021 Earnings Release and Conference Call Dates

Organic medical marijuana producer FARMACEUTICALRX announced that it has closed a $34 million senior secured term loan provided by Chicago Atlantic Real Estate Finance, Inc. REFI a commercial real estate finance company, and other institutional lenders. The loan proceeds will be used to complete the funding of the company's Ohio Level 1 cultivation and post-harvest facility, repay existing debt, fund equipment purchases, and for general working capital purposes.

Cannabis Co. FARMACEUTICALRX Closes $34M In Debt Financing Led By Chicago Atlantic

CHICAGO and PITTSBURGH, Feb. 08, 2022 (GLOBE NEWSWIRE) -- FARMACEUTICALRX, one of the largest producers of premium organic medical marijuana products in the US market, (“FARMACEUTICALRX” or the “Company”), today announced that it has closed a $34 million senior secured term loan (the “Senior Term Loan”) provided by Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic"), a commercial real estate finance company, and other institutional lenders.

FARMACEUTICALRX Closes $34.0 Million In Debt Financing From Chicago Atlantic to Expand its Medical Marijuana Operations in Ohio

Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc. confirmed Thursday it has funded $10 million as the initial advance of a new $25 million senior secured credit facility to Sanctuary Medicinals LLC to support the company's retail and cultivation expansion in Florida.

Cannabis Industry Lender Chicago Atlantic Anounces $25M Credit Facility To Sanctuary Medicinals

CHICAGO, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, announced today it funded $10 million as the initial advance of a new $25 million senior secured credit facility to Sanctuary Medicinals LLC ("Sanctuary") to support their retail and cultivation expansion in Florida.

Chicago Atlantic Real Estate Finance Funds Senior Secured Credit Facility to Sanctuary Medicinals

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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial real estate finance company that manages a diversified portfolio of real estate credit investments in the cannabis space, announced on January 3 that it acted as sole lender on a new senior secured credit facility for MEDfarms LLC, a vertically integrated operator in Michigan. Based in Central Michigan, MEDfarms has four retail dispensaries, two cultivation facilities and two production facilities, making it among the more established vertically integrated players in Michigan.

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