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Mar 31, 2023
Chicago Atlantic Q1 2023 Earnings Report
Announced first quarter 2023 financial results, highlighting portfolio performance and strategic focus on high-yielding investments.
Key Takeaways
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%.
Portfolio continued to perform well with floating rate loans increasing to 88%.
Weighted average yield to maturity remained above 19%.
Loan to values are well below the rest of the lenders in the industry.
Over $50 million of liquidity available to selectively fund the best operators in the cannabis industry.
Forward Guidance
Chicago Atlantic affirmed its 2023 outlook previously issued on March 9, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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