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 the schedule for its third quarter 2024 earnings release and conference call. The company, a commercial mortgage real estate investment trust, plans to release its earnings and supplemental financial information before the market opens on Thursday, November 7, 2024.
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 calling (833) 630-1956 (international callers: 412-317-1837). The live audio webcast will be available in the Investor Relations section of the company's website at www.refi.reit. An online replay will be accessible approximately one hour after the call ends and will be archived for one year.
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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