<span item_type="fundamental" item_id="e354de3f2ff344d5e15c862e44bafb7f" counter_id="ST/US/REFI" env="prod"></span><span item_type="announcement" item_id="546773222546082305" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 16.5 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD 0.41, beating the estimate of USD 0.4033.</p><p>EBIT: As of FY2025 Q2, the actual value is USD 8.877 M.</p><p></p><h3>Financial Metrics Summary</h3><h4>Net Interest Income</h4><ul><li>Net interest income for the three months ended June 30, 2025, was $14,424,987, compared to $13,041,933 for the three months ended March 31, 2025, and $13,183,499 for the three months ended June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Total Expenses</h4><ul><li>Total expenses before provision for expected credit losses for the three months ended June 30, 2025, were $4,565,322, compared to $4,073,897 for the three months ended March 31, 2025, and $4,274,897 for the three months ended June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Net Income</h4><ul><li>Net income for the three months ended June 30, 2025, was $8,877,375, compared to $10,041,312 for the three months ended March 31, 2025, and $9,184,073 for the three months ended June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Distributable Earnings</h4><ul><li>Distributable earnings for the three months ended June 30, 2025, were $10,850,941, compared to $9,727,657 for the three months ended March 31, 2025, and $9,927,528 for the three months ended June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Total Loan Principal Outstanding</h4><ul><li>Total loan principal outstanding as of June 30, 2025, was $421,918,148, compared to $407,011,816 as of March 31, 2025, and $383,281,127 as of June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Unfunded Commitments</h4><ul><li>Unfunded commitments as of June 30, 2025, were $16,595,000, compared to $19,795,000 as of March 31, 2025, and $6,000,000 as of June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Weighted Average Yield to Maturity</h4><ul><li>The weighted average yield to maturity as of June 30, 2025, was 16.8%, compared to 16.9% as of March 31, 2025, and 18.7% as of June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Debt/Equity Ratio</h4><ul><li>The debt/equity ratio as of June 30, 2025, was 38.8%, compared to 28.0% as of March 31, 2025, and 26.2% as of June 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Cash and Cash Equivalents</h4><ul><li>Cash and cash equivalents as of June 30, 2025, were $35,562,084, compared to $26,400,448 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li></ul><h4>Segment Revenue</h4><ul><li>The company manages a diversified portfolio of borrowers, geographies, and asset types with a focus on the cannabis industry, with a total outstanding loan principal of $421.9 million as of June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>The gross portfolio yield is 16.8%.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li><li>The loan to enterprise value ratio is 43.2%, and the real estate collateral coverage is 1.2x.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>The company has closed over $2.8 billion in loans since its inception, with $2.2 billion made to cannabis operators.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li><li>The company has a near-term pipeline under evaluation of approximately $650 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li></ul><h4>Outlook / Guidance</h4><ul><li>Chicago Atlantic Real Estate Finance, Inc. affirmed its outlook previously issued on March 12, 2025, and plans to capitalize on opportunities in its pipeline, utilizing its extended revolving credit facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-1_chicago.htm"></span></li><li>The company anticipates maintaining its current debt market share of 18% in the U.S. cannabis debt market, which is projected to grow to over $4 billion by 2031.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li><li>The U.S. cannabis industry is estimated to grow from $35 billion in 2025 to $69 billion by 2031.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li><li>The company aims to provide risk-adjusted total returns for stockholders through consistent dividends and capital appreciation.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1867949/000121390025072809/ea025199201ex99-2_chicago.htm"></span></li></ul>

Chicago Atlantic Real Estate Finance | 8-K: FY2025 Q2 Revenue: USD 16.5 M