Chicago Atlantic Real Estate Finance, Inc. ( (REFI) ) has released its Q2 earnings. Here is a breakdown of the information Chicago Atlantic Real Estate Finance, Inc. presented to its investors.
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Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust (REIT) that primarily focuses on originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties, with a significant portion of its portfolio dedicated to the cannabis industry. The company recently released its earnings report for the quarter ended June 30, 2025, showcasing a stable financial performance amidst a challenging economic environment.
The company’s net income for the quarter stood at $8.88 million, slightly down from $9.18 million in the same period last year. Despite the slight decrease in net income, Chicago Atlantic Real Estate Finance reported a robust interest income of $16.5 million, up from $15 million in the previous year. The company also maintained a healthy cash position with cash and cash equivalents increasing to $35.56 million from $26.4 million at the end of 2024.
Key financial metrics highlighted in the report include a total asset base of $455.21 million, up from $435.15 million at the end of 2024. The company’s loan portfolio, primarily consisting of senior loans to state-licensed operators in the cannabis industry, grew to $413.98 million. The company also managed to reduce its current expected credit loss reserve slightly, indicating effective credit risk management.
Looking ahead, Chicago Atlantic Real Estate Finance remains committed to delivering attractive, risk-adjusted returns for its shareholders. The management continues to focus on expanding its loan portfolio while maintaining stringent credit quality standards, positioning the company for sustainable growth in the coming quarters.