NASDAQ$REFI
Chicago Atlantic Real Estate Finance Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced first quarter 2023 financial results, highlighting portfolio performance and strategic focus on high-yielding investments.
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.
Headline financials
Revenue & EPS history
Chicago Atlantic · Revenue · Quarterly
$14.9M
Forward guidance
Chicago Atlantic affirmed its 2023 outlook previously issued on March 9, 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.5%
Avg return
30 days after
32%
6 / 19 earnings
Positive
+11.1%
Q3 2022
Best reaction
-5.6%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.1% | -7.2% | -8.0% | |
| Q4 2025 | -0.3% | +2.7% | -5.3% | |
| Q3 2025 | -2.3% | +0.4% | -1.1% | |
| Q1 2025 | +0.4% | +2.8% | -1.6% | |
| Q4 2024 | -3.5% | -2.2% | -15.1% | |
| Q3 2024 | +1.5% | +0.4% | +2.8% | |
| Q2 2024 | -1.4% | -2.5% | +1.4% | |
| Q1 2024 | -2.4% | -1.4% | -1.9% | |
| Q4 2023 | -1.1% | -1.0% | -4.4% | |
| Q3 2023 | +0.5% | +0.3% | +4.0% | |
| Q2 2023 | -1.7% | -3.4% | -1.2% | |
| Q1 2023 | +3.8% | +1.3% | +8.4% | |
| Q4 2022 | -5.6% | -8.5% | -3.6% | |
| Q3 2021 | +11.1% | +11.5% | +13.4% | |
| Q3 2022 | +11.1% | +11.5% | +13.4% | |
| Q2 2022 | -2.8% | +0.5% | -5.2% | |
| Q1 2022 | +0.0% | -1.6% | +4.0% | |
| Q2 2021 | -3.4% | -1.8% | -12.2% | |
| Q4 2021 | -0.2% | +3.3% | +2.9% |
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