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Chicago Atlantic Real Estate ate Finance Inc (REFI)
NASDAQ:REFI
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.5Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -12.35%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment, with strong portfolio management and dividend achievements outweighing challenges such as decreased net interest income and industry pressures. The company's strategic management of credit facilities and progress on non-accrual loans further support a positive outlook.Company Guidance
During the Chicago Atlantic Real Estate Finance, Inc. Fourth Quarter 2024 Earnings Call held on March 12, 2025, key financial metrics and strategic updates were shared. The company reported a 6.7% increase in their refi stock price from $15.13 to $16.15 per share between November 4, 2024, and March 6, 2025. They declared two dividends, contributing to a total dividend of $2.06 per share for 2024, representing a payout ratio of approximately 99% based on base distributable earnings of $2.08. Chicago Atlantic's loan portfolio principal totaled $410 million across 30 portfolio companies, with a weighted average yield to maturity of 17.2%. The company's senior secured credit facility increased to $110 million, and they closed a $50 million unsecured term loan. Their debt service coverage ratio was approximately 5.5 to 1, and they maintained a total leverage of 34% of book equity at the end of 2024. The company aims to maintain a dividend payout ratio of 90% to 100% based on basic distributable earnings per share for 2025, with potential special distributions in Q4 if required.Strong Portfolio Performance
The company increased its senior secured credit facility to $110 million and closed on a $50 million unsecured term loan at attractive pricing. Gross origination during the quarter was $90.7 million across diverse states, maintaining a strong portfolio across thirty companies.
Dividend Achievements
The company delivered $2.06 per share in dividends to shareholders in 2024, maintaining a high payout ratio of approximately 99% of base distributable earnings.
Robust Risk Management
The company increased the percentage of its portfolio insulated from interest rate declines from 24% to nearly 68% by adjusting the mix of floating and fixed-rate loans.
Strategic Credit Facility Management
Total leverage equaled 34% of book equity at year-end compared to 24% at the end of 2023, indicating strategic leverage management to support growth.
Successful Non-Accrual Loan Management
Significant progress was made on non-accrual loan number nine, with operational control achieved and a strategy to restore it to accrual status in 2025.
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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 |
|---|---|---|---|
| Mar 12, 2025 | $15.39 | $14.86 | -3.44% |
| Nov 07, 2024 | $14.49 | $14.66 | +1.17% |
| Aug 07, 2024 | $13.95 | $13.61 | -2.44% |
| May 07, 2024 | $13.96 | $13.94 | -0.14% |
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 May 13, 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 May 13, 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 2025 (Q1) is 0.5.
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