Chicago Atlantic Q3 2023 Earnings Report
Key Takeaways
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.
Underwrite new opportunities with a two-fold purpose – to provide investors with an attractive yield and protection of principal.
The underlying performance of the loan portfolio during the quarter continues to demonstrate diligent underwriting.
Sequential gross originations growth of $35 million.
Weighted average yield to maturity improved to 19.3%.
Chicago Atlantic
Chicago Atlantic
Forward Guidance
Chicago Atlantic affirmed its 2023 outlook previously issued on March 9, 2023.