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Chicago Atlantic Real Estate ate Finance Inc (REFI)
NASDAQ:REFI
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.5Last Year’s EPS
0.51Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2022
|% Change Since: 4.75%
|Next Earnings Date:Mar 22, 2022
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong earnings results, a robust loan portfolio, and effective interest rate risk management. However, there are some challenges including a decline in yield, specific loan issues, and the impact of recent election results on future market opportunities.Company Guidance
In the Chicago Atlantic Real Estate Finance Q3 2024 earnings call, the management provided substantial guidance and updates regarding their performance and strategic positioning. The company reported positive Q3 earnings, with the loan portfolio totaling $362 million across 29 companies, yielding a weighted average maturity yield of 18.3%. Gross originations for the quarter were $32.7 million, with additional funding of $36.5 million in the fourth quarter. The company demonstrated strategic portfolio management by increasing fixed rate loans and raising prime rate floors to mitigate interest rate risks. Liquidity remains robust, with over $75 million available for new investments, bolstered by a $50 million unsecured term loan secured at a 9% interest rate due in October 2028. The debt service coverage ratio stood at an impressive 7.2:1, and the company successfully managed loan maturities, with $151 million of loans addressed in 2024. Additionally, net interest income rose to $14.5 million, while operating expenses stabilized at $4.2 million. The company affirmed its previous guidance and distributed a Q3 dividend of $0.47 per share.Positive Q3 Earnings Results
Reported positive earnings for Q3 with net interest income increasing to $14.5 million from $13.2 million in the second quarter.
Strong Loan Portfolio and Origination
Loan portfolio totaled $362 million across 29 companies with a weighted average yield to maturity of 18.3%. Gross originations of $32.7 million during the quarter.
Successful Management of Interest Rate Exposure
Increased fixed rate or floored loans to 52% to protect against interest rate cuts, reducing exposure by 28%.
Improved Credit Quality
Credit quality improved with 72% of the portfolio risk rated 2 or better, up from 61% in the previous quarter.
Increased Dividend Consistency
Distributed a regular dividend of $0.47 per common share, consistent with previous quarters.
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Chicago Atlantic Real Estate ate Finance Inc (REFI) Earnings, Revenues Date & History
REFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $14.95 | $15.13 | +1.20% |
| Aug 07, 2024 | $14.39 | $14.04 | -2.43% |
| May 07, 2024 | $14.40 | $14.38 | -0.14% |
| Mar 12, 2024 | $14.36 | $14.20 | -1.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chicago Atlantic Real Estate ate Finance Inc (REFI) report earnings?
Chicago Atlantic Real Estate ate Finance Inc (REFI) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Chicago Atlantic Real Estate ate Finance Inc (REFI) earnings time?
Chicago Atlantic Real Estate ate Finance Inc (REFI) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REFI EPS forecast?
REFI EPS forecast for the fiscal quarter 2024 (Q4) is 0.5.
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