---
title: "REFI: Q2 2026 net income dropped 16% and a merger with LIEN was announced, pending Q4 2026 close"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295526483.md"
description: "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."
datetime: "2026-08-11T11:05:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295526483.md)
  - [en](https://longbridge.com/en/news/295526483.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295526483.md)
generator: "portal-rs"
---

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

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

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**