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. (REFI) provides strategic financing solutions in commercial real estate, focusing on risk-adjusted returns through curated investments. This news hub offers investors and analysts a centralized source for tracking the company's latest developments and financial decisions.
Access timely updates including earnings reports, portfolio acquisitions, and strategic partnerships that demonstrate REFI's approach to balancing income generation with capital preservation. Our repository also covers regulatory filings and operational milestones essential for understanding the company's market position.
All content is curated to help stakeholders monitor REFI's performance in commercial mortgage lending and asset management. Bookmark this page for direct access to press releases and analysis of how the company navigates evolving real estate markets while maintaining dividend consistency.
Chicago Atlantic announced that Silver Spike Investment Corp. (SSIC) has acquired a loan portfolio from Chicago Atlantic Loan Portfolio, (CALP) in exchange for newly issued shares. As a result, CALP and legacy SSIC stockholders now own 72.8% and 27.2% of the company's common stock, respectively. The company has been renamed Chicago Atlantic BDC, Inc., with its ticker symbol changing to "LIEN" effective October 2, 2024.
Additionally, Chicago Atlantic and Silver Spike Capital have formed a joint venture to combine their investment management businesses in the cannabis industry. The company now has net assets of approximately $300 million and investments in 28 portfolio companies. Key management changes include Andreas Bodmeier becoming CEO and Dino Colonna assuming the role of President.
The transactions aim to capitalize on opportunities in private markets, particularly in the rapidly growing cannabis sector, by providing debt capital to lower middle market companies.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has declared a regular quarterly cash dividend of $0.47 per share for the third quarter of 2024. This dividend equates to an annualized rate of $1.88 per common share. The payment is scheduled for October 15, 2024, to shareholders of record as of the close of business on September 30, 2024. Chicago Atlantic Real Estate Finance is a commercial mortgage real estate investment trust (REIT) that provides consistent returns to its shareholders through regular dividend payments.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) reported its Q2 2024 financial results. The company saw total loan principal outstanding of $383.3 million across 31 portfolio investments. Weighted average yield to maturity decreased to 18.7% from 19.4% in Q1 2024. The company had total gross originations of $20.9 million in Q2. Chicago Atlantic increased its secured revolving credit facility to $105.0 million and issued shares through its ATM program, raising net proceeds of $6.3 million.
Financial highlights include:
- Net interest income of $13.2 million
- Net Income of $9.2 million, or $0.46 per diluted share
- Distributable Earnings of $9.8 million, or $0.50 per diluted share
- Book value per share of $14.92 as of June 30, 2024
The company affirmed its 2024 outlook previously issued on March 12, 2024.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced its schedule for the release of second quarter 2024 earnings. The company, a commercial mortgage real estate investment trust, plans to issue its earnings release before the market opens on Wednesday, August 7, 2024. Following the release, Chicago Atlantic will host a conference call at 9:00 a.m. Eastern Time on the same day.
Interested parties can access the conference call via webcast on the company's investor relations website or participate by telephone after registering through an online form. Upon registration, participants will receive dial-in information and a unique PIN for call access. A replay of the webcast will be available on the company's website for at least 30 days after the call.
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.
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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