Chicago Atlantic Earnings Reports

Chicago Atlantic posted Q4 2024 revenue of $15.48 million, with net income reaching $7.92 million. EPS came in at $0.39 per diluted share. Loan fundings for the quarter totaled $90.7 million, with $52.6 million to new borrowers. The company also built a pipeline of potential fundings nearing $500 million and maintained a disciplined underwriting process.

Chicago Atlantic announced its Q3 2024 results, highlighting successful portfolio management through extensions, modifications, and refinancings, which improved credit quality and loan coverage. The company affirmed its previously issued 2024 outlook and is well-positioned for the remainder of the year and into 2025, with a strong pipeline and increased liquidity from a recent unsecured note.

Chicago Atlantic announced its results for the second quarter ended June 30, 2024, noting a positive impact on originations pipeline due to regulatory changes in the cannabis industry and increased capital through the ATM program and revolving credit facility.

Chicago Atlantic reported its results for the first quarter ended March 31, 2024, showing portfolio stability with a weighted average yield to maturity remaining above 19%.

Chicago Atlantic announced its Q4 2023 financial results, highlighting improved regulatory landscape and new investment opportunities. The company also extended its credit facility until June 2026 and promoted Peter Sack to Co-Chief Executive Officer and Phil Silverman to Chief Financial Officer.

Chicago Atlantic reported its Q3 2023 results, showing growth in sequential gross originations by $35 million and an improved weighted average yield to maturity of 19.3%. The company's loan portfolio demonstrates diligent underwriting with a focus on strong operators in limited license states. Credit quality remains paramount with real estate collateral coverage of 1.5x.

Chicago Atlantic announced its Q2 2023 financial results, highlighting a strong capital structure, high demand for capital, and a well-positioned loan portfolio with a high percentage of floating rate loans and attractive yield to maturity. The company intentionally held back on loan originations to remain selective and leverage a new program in New York.

Chicago Atlantic reported better-than-anticipated results for Q1 2023, benefiting from principal paydowns and redeployment of proceeds. The company is focusing on higher-yielding investments and funding vertically integrated operators with strong credit profiles. The portfolio is performing well, with a high percentage of floating rate loans and a weighted average yield to maturity above 19%.

Chicago Atlantic reported improved credit quality of the portfolio, increased the floating rate portion to 83%, and increased the weighted average yield to maturity to 19.7%. Net new originations were nearly $6 million.

Chicago Atlantic reported its Q2 2022 financial results, highlighting a strong investment platform and valuable loan portfolio due to their strategy of lending to borrowers in limited-license states with vertically integrated operations. The company is focusing on expanding its credit facility and providing shareholders with an attractive dividend.

Chicago Atlantic reported its results for the first quarter ended March 31, 2022, showing strong loan fundings and growth potential in the cannabis industry.

Chicago Atlantic Real Estate Finance announced its results for the fourth quarter and period ended December 31, 2021, focusing on growing the loan originations pipeline and deploying capital at attractive yields.