REFI: Q2 2026 net income dropped 16% and a merger with LIEN was announced, pending Q4 2026 close

Chicago Atlantic Real Estate Finance (REFI) reported a 16% year-over-year drop in Q2 2026 net income to $7.5M, driven by lower interest income and higher CECL reserves. The company declared a $0.47 per share dividend and announced a merger with Chicago Atlantic BDC, Inc., expected to close in Q4 2026. Portfolio yield and book value per share also declined slightly.

Q2 2026 net income fell 16% year-over-year to $7.5M, with lower interest income and a higher CECL reserve. The company declared a $0.47 per share dividend and announced a merger with Chicago Atlantic BDC, Inc., expected to close in Q4 2026. Portfolio yield and book value per share declined slightly.

Original document: Chicago Atlantic Real Estate Finance, Inc. [REFI] SEC 10-Q Quarterly Report — Aug. 11 2026

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