Chicago Atlantic Real Estate Finance, Inc. reports developments as a commercial mortgage real estate investment trust focused on real estate-backed credit. The company originates senior secured loans primarily to state-licensed cannabis operators in limited-license U.S. markets, with news centered on portfolio activity, loan yields, borrower credit conditions, leverage and the cannabis regulatory environment.
Recurring updates include quarterly financial results, earnings conference calls, common stock dividend declarations and annual tax reporting for REIT distributions. Company announcements also address capital structure items such as secured revolving credit facility borrowings and senior unsecured notes, along with investment activity tied to its commercial mortgage portfolio.
Chicago Atlantic Real Estate Finance (NASDAQ: REFI), a commercial mortgage real estate investment trust, has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 financial results and supplemental information before market open on August 7, 2025.
A conference call and audio webcast will be held the same day at 9:00 a.m. Eastern Time. Investors can join via phone at (833) 630-1956 (international: 412-317-1837) or access the live webcast through the Investor Relations section at www.refi.reit. The webcast replay will be available for one year.
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.