Chicago Atlantic Real Estate Finance, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $263.1M
- Price
- $10.86
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.55%
- Volume
- 138.9K
About
Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.
Quick stats
Shares outstanding25.6M
Computed float18.5M
Float / shares72.1%
Key info
SectorReal Estate
IndustryREIT - Mortgage
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001867949
Websitehttps://investors.refi.reit
AI Summary
AI-generated1/27
standardbearishearnings
Chicago Atlantic Real Estate Finance Announces Second Quarter 2026 Financial Results
Chicago Atlantic reported Q2 distributable earnings of $0.43 per share, down from $0.51 in the prior year, with net income falling to $7.5 million due to timing differences between loan repayments and deployments.
The company completed a strategic transaction issuing 4.3 million shares for $62.5 million of secured notes, contributing to gross originations of $59.2 million, while book value per share dipped to $14.15.
Management maintained a positive outlook, reiterating a dividend payout ratio of 90-100% and confirming that the pending merger with Chicago Atlantic BDC (LIEN) remains on track for a Q4 close.
Red flags
- Distributable earnings per share declined 15.7% year-over-year
- Book value per share decreased from $14.71 a year ago to $14.15
- Koach transaction dilutes existing shareholders by approximately 16.8%