NASDAQ$REFI
Chicago Atlantic Real Estate Finance Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Chicago Atlantic REFI reported Q1 2026 net interest income of $13.1M with net income of $4.8M ($0.23 diluted EPS).
For the quarter ended March 31, 2026, Chicago Atlantic Real Estate Finance earned $15.2 million of interest income and $13.1 million of net interest income after interest expense. Net income was $4.8 million, or $0.23 per diluted share, down from $10.0 million and $0.47 as the CECL provision rose to $3.8 million from a year-ago benefit. The mortgage REIT portfolio stood at roughly $400.6 million net of reserves.
- Chicago Atlantic REFI reported Q1 2026 net interest income of $13.
- Quarter ended 2026-03-31; filing date 2026-05-07.
- Revenue of about $13.1M in the quarter.
- Diluted EPS $0.23.
- Outlook centers on cannabis lending spreads, CECL reserves, and dividend policy; no core EPS guide in the 10-Q.…
Headline financials
Revenue & EPS history
Chicago Atlantic · Revenue · Quarterly
$13.1M
Forward guidance
Outlook centers on cannabis lending spreads, CECL reserves, and dividend policy; no core EPS guide in the 10-Q.
Tailwinds
- Net interest income stable near $13M.
- Portfolio yield supports dividend coverage discussion.
- Specialty finance niche with experienced manager.
Headwinds
- Higher CECL provision reduced earnings YoY.
- Credit risk in cannabis borrowers.
- Rate and refinancing risk on floating loans.
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 2026
-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% |
Discussion
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