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 commercial mortgage REIT that focuses on originating senior secured loans primarily to state-licensed cannabis operators in limited-license U.S. states. The REFI news feed on Stock Titan aggregates company press releases, earnings announcements and other public updates so readers can follow how this specialized lender manages its portfolio and capital structure over time.
News about Chicago Atlantic Real Estate Finance frequently centers on quarterly and annual financial results, where the company reports net interest income, total expenses, net income, Distributable Earnings and details on its loan portfolio. These releases often include commentary from management on loan originations, repayments, unfunded commitments, yield to maturity and the mix of variable versus fixed-rate loans.
Investors can also find regular announcements about REFI’s dividend declarations, reflecting its REIT status and focus on distributing a significant portion of taxable income. Additional news items include updates on its secured revolving credit facility at Chicago Atlantic Lincoln, LLC, such as the extension of the facility’s contractual maturity, as well as Form 8-K disclosures related to material definitive agreements and shareholder meeting results.
Because Chicago Atlantic Real Estate Finance operates in a niche area of commercial real estate finance tied to state-licensed cannabis operators, its news flow can provide insight into lending conditions in limited-license states and the company’s approach to risk-adjusted returns. Bookmark this page to review REFI’s earnings releases, dividend announcements, capital markets activity and other official communications as they are reported.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced it will release its first quarter 2025 financial results and supplemental information before market opening on Wednesday, May 7, 2025. The commercial mortgage REIT will follow this with a conference call and live audio webcast at 9:00 a.m. Eastern Time on the same day.
Interested parties can join the interactive teleconference by calling (833) 630-1956 for domestic participants or 412-317-1837 for international callers. The webcast will be accessible through the Investor Relations section at www.refi.reit, with a replay available approximately one hour after the call concludes and archived for one year.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced its quarterly dividend for Q1 2025. The commercial mortgage real estate investment trust will distribute $0.47 per share to shareholders, equivalent to an annualized rate of $1.88 per common share.
The dividend will be paid on April 15, 2025, to shareholders of record as of the close of business on March 31, 2025.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has released its Q4 and full-year 2024 financial results. The company reported Q4 net income of $7.9 million ($0.39 per diluted share), down 30.1% sequentially. The loan portfolio reached $410.2 million across 30 companies, with a weighted average yield of 17.2%.
Key Q4 highlights include $90.7 million in gross originations and a new $50 million unsecured term loan at 9.0% interest. The company maintained a quarterly dividend of $0.47 per share plus a special dividend of $0.18 per share. For full-year 2024, net income was $37.0 million ($1.88 per diluted share), with total dividends of $2.06 per share.
The company's portfolio shows 62.1% variable-rate loans, with only one loan on non-accrual status. Book value per share slightly decreased to $14.83, and the company maintains a pipeline of nearly $500 million in potential deals.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced its schedule for the release of fourth quarter and full-year 2024 financial results. The company will release its earnings report and supplemental financial information before market opening on Wednesday, March 12, 2025.
A conference call and live audio webcast will be held the same day at 9:00 a.m. Eastern Time. Interested parties can join the interactive teleconference by dialing (833) 630-1956 for domestic calls or (412) 317-1837 for international calls. The webcast will be accessible through the Investor Relations section of the company's website at www.refi.reit, with a replay available approximately one hour after the call ends and archived for one year.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has announced two dividend distributions: a regular quarterly cash dividend of $0.47 per common share for Q4 2024, and a special dividend of $0.18 per common share. The regular dividend represents an annualized rate of $1.88 per share. Both dividends will be paid on January 13, 2025, to shareholders of record as of December 31, 2024. The special dividend is required to maintain REIT compliance with U.S. federal income tax rules and was calculated based on estimated 2024 performance.
Chicago Atlantic and Lineage Merchant Partners announced merger agreements between Vireo Growth and three single-state cannabis operators: Proper Cannabis (Missouri), Deep Roots Harvest (Nevada), and WholesomeCo Cannabis (Utah). The company also signed an MOU to acquire The Flowery (Florida).
The combined entity will operate across seven states, managing 1,043,500 square feet of cultivation and manufacturing space, and 48 retail dispensaries. The deals are collectively valued at approximately $397 million, supported by a $75 million equity offering at $0.625 per share.
John Mazarakis, Chicago Atlantic's co-founder, has been appointed CEO and Co-Executive Chairman of Vireo, bringing experience from overseeing $2 billion in cannabis-related investments and leading the public listing of a cannabis-focused mortgage REIT (NASDAQ: REFI).
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) reported its Q3 2024 financial results with net income of $11.2 million, or $0.56 per diluted share, up 21.7% sequentially. The portfolio includes $362.3 million in total loan principal across 29 companies, with a weighted average yield of 18.3%. The company had total gross originations of $32.7 million in Q3. Notable developments include securing a $50 million unsecured term loan at 9% interest and receiving a BBB+ investment grade rating. The company maintains strong liquidity with approximately $80 million available and affirmed its 2024 outlook.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has secured a $50 million unsecured term loan from institutional private lending platforms. The loan, maturing in October 2028, carries a fixed 9.0% interest rate and is interest-only. The funds were used to repay existing borrowings on the company's $110 million senior secured revolving credit facility and for working capital. Egan-Jones has assigned a BBB+ rating to both the company and the senior unsecured term loan, reflecting investment grade status.