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Chicago Atlantic Real Estate Finance, Inc. - $REFI STOCK NEWS

Welcome to our dedicated page for Chicago Atlantic Real Estate Finance news (Ticker: $REFI), a resource for investors and traders seeking the latest updates and insights on Chicago Atlantic Real Estate Finance stock.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a market-leading commercial mortgage real estate investment trust (REIT) specializing in the cannabis sector. The company focuses on originating senior secured loans primarily to state-licensed cannabis operators in limited-license states across the United States. As part of the Chicago Atlantic platform, REFI leverages extensive expertise in real estate, credit, and cannabis industries to provide attractive risk-adjusted returns for its stockholders through consistent income dividends and capital appreciation.

Recent Achievements and Current Projects

Chicago Atlantic continues to make significant strides in the dynamic cannabis market. In the third quarter of 2023, the company successfully demonstrated the strength of its loan portfolio, thanks to diligent underwriting and a focus on high-quality operators. With a current portfolio yield to maturity of 19.3%, the company has reported sequential gross originations growth of $35 million.

Looking forward, Chicago Atlantic shows positive momentum, aided by improvements in the equities of cannabis operators and the expected regulatory relief in the sector. The company's robust originations pipeline anticipates greater demand for capital from larger operators in the next 12 to 18 months. Notably, REFI has maintained a low leverage ratio and plans to expand its credit facility to fund new opportunities.

Financial Condition and Dividends

Chicago Atlantic's financial health remains strong with a disciplined approach to balance sheet management. As part of its commitment to stockholders, the company regularly distributes dividends and other distributions. Recent financial results indicate a solid performance, with the company posting its Third Quarter 2023 Earnings Supplemental on the Investor Relations page of its website.

Partnerships and Collaborations

Chicago Atlantic collaborates closely with notable cannabis operators and maintains a significant position within the cannabis financing ecosystem. The company’s partnerships are strategically aligned to enhance its market presence and support its growth objectives.

Operational Significance

By focusing on senior secured loans, Chicago Atlantic plays a crucial role in supporting the cannabis industry's growth and stability. The company's operations are characterized by sound risk management practices and a strategic focus on high-potential markets.

Stay Updated

For the latest updates, financial performance, and developments, investors are encouraged to monitor Chicago Atlantic’s investor relations website, where important information, earnings calls, and presentations are regularly posted.

Rhea-AI Summary

Chicago Atlantic Real Estate Finance (NASDAQ: REFI) announced a regular quarterly cash dividend of $0.47 per share for Q2 2024. This dividend translates to an annualized rate of $1.88 per common share. Shareholders of record by June 28, 2024, will receive the dividend on July 15, 2024. This announcement underscores the company's commitment to delivering consistent returns to its shareholders.

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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) announced its first quarter 2024 financial results, highlighting progress towards cannabis rescheduling and its positive impact on the industry. The company reported total loan commitments of $401.3 million, with a weighted average yield to maturity of 19.4%. Chicago Atlantic also noted robust investment activity and capital initiatives, including a dividend payout.

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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) has scheduled its first quarter 2024 earnings release for March 31, 2024. The company will issue the results on May 7, 2024, followed by a conference call at 9:00 a.m. Eastern Time. Interested parties can access the call via webcast or telephone registration.
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Chicago Atlantic Real Estate Finance, Inc. (REFI) declares a regular quarterly cash dividend of $0.47 per share for Q1 2024, totaling $1.88 per common share annually. The dividend is payable on April 15, 2024, to shareholders of record as of March 28, 2024.
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Chicago Atlantic Real Estate Finance, Inc. (REFI) announced positive results for Q4 and full year 2023, with growth in loan originations, improved credit quality, and promotions within the senior management team. The company extended its credit facility and increased its accordion feature, paid regular and special dividends, and provided financial results for Q4 and full year 2023. Despite a sequential decrease in net income and distributable earnings, the company reported year-over-year increases in net interest income and distributable earnings for 2023.
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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) announced the extension of its $100.0 million secured revolving credit facility to $150.0 million. The maturity date was extended to June 30, 2026, with an option for a one-year extension. The Revolving Loan bears interest at the Prime Rate plus an Applicable Margin. John Mazarakis, Executive Chairman, expressed gratitude for the support and highlighted plans for further expansion.
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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) announced the release of its fourth-quarter results for December 31, 2023. The earnings release is scheduled for March 12, 2024, with a conference call at 9:00 a.m. Eastern Time. Interested parties can join via webcast or telephone.
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Chicago Atlantic BDC Holdings, LLC and affiliates have entered into a definitive agreement with Silver Spike Capital, LLC to create a joint venture, subject to SSIC stockholder approvals. Upon closing, SSIC will be renamed Chicago Atlantic BDC, Inc. Positive market response is expected due to Chicago Atlantic's successful track record in real estate investment.
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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) has declared a regular quarterly cash dividend of $0.47 per share for the fourth quarter of 2023, with an annualized rate of $1.88 per common share. Additionally, the company announced a special cash dividend of $0.29 per share for the 2023 tax year, payable on January 12, 2024.
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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) announced its Q3 2023 results, showing a sequential gross originations growth of $35 million and a weighted average yield to maturity of 19.3%. The company also affirmed its 2023 outlook and paid a regular quarterly cash dividend of $0.47 per share of common stock for the third quarter of 2023.
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FAQ

What does Chicago Atlantic Real Estate Finance, Inc. do?

Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage REIT that provides senior secured loans primarily to state-licensed cannabis operators in limited-license states in the U.S.

What is the primary investment objective of REFI?

REFI aims to provide attractive risk-adjusted returns for stockholders through consistent current income dividends and capital appreciation.

How does Chicago Atlantic ensure the quality of its loan portfolio?

The company uses diligent underwriting and focuses on the strongest operators in limited-license states to maintain a high-quality loan portfolio.

What recent achievements has REFI made?

REFI reported a sequential gross originations growth of $35 million in the third quarter of 2023 and improved its weighted average yield to maturity to 19.3%.

How does Chicago Atlantic support the cannabis industry?

REFI provides crucial financing through senior secured loans to state-licensed cannabis operators, thereby supporting industry growth and stability.

What are the financial highlights of Chicago Atlantic for the third quarter of 2023?

The company demonstrated strong portfolio performance with significant originations growth and maintained a low leverage ratio with substantial liquidity.

Where can investors find more information about Chicago Atlantic?

Investors can visit the company's investor relations website for important information, earnings calls, presentations, and other updates.

What is the outlook for Chicago Atlantic's future performance?

The company has a positive outlook, expecting greater demand for capital from larger operators and maintaining strong financial health with ongoing strategic initiatives.

How does REFI contribute to its stockholders?

REFI provides dividends and other distributions to its stockholders, aiming to deliver attractive risk-adjusted returns over time.

What kind of expertise does Chicago Atlantic leverage?

REFI leverages significant expertise in real estate, credit, and the cannabis industry to strategically manage its investments and operations.

Chicago Atlantic Real Estate Finance, Inc.

Nasdaq:REFI

REFI Rankings

REFI Stock Data

298.73M
15.72M
18.88%
33.46%
2.05%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
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United States of America
CHICAGO