Chicago Atlantic Real Estate Finance, Inc. ( (REFI) ) has released its Q3 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 specializing in originating senior secured loans primarily to state-licensed cannabis operators in limited-license states across the United States. The company leverages its expertise in real estate, credit, and cannabis to provide financial solutions to its clients.
In its third quarter of 2025, Chicago Atlantic reported a steady performance, highlighting its robust loan portfolio and strategic focus on proven operators in limited-license states. The company emphasized its strong underwriting practices and disciplined liquidity management, which have contributed to its resilience against potential interest rate fluctuations.
Key financial metrics for the quarter included a net interest income of $13.7 million, slightly down from the previous quarter, and a net income of $8.9 million. The company maintained a regular dividend payout of $0.47 per share. Despite a decrease in total loan principal outstanding to $399.9 million, the company reported a pipeline of over $415 million in new opportunities, indicating a positive outlook for future growth.
Looking ahead, Chicago Atlantic remains focused on delivering strong, risk-adjusted returns to its stockholders. With a strategic pipeline and effective management of upcoming maturities, the company is well-positioned to achieve net growth in its loan portfolio for the year 2025.