NASDAQ$REFI

Chicago Atlantic Real Estate Finance Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Chicago Atlantic Real Estate Finance Inc reported net income of $8.9 million for the second quarter of 2025.

The company generated net interest income of $14.4 million on interest income of $16.5 million. Net income was $8.9 million with basic EPS of $0.42. The loan portfolio grew to $416.4 million in principal with a weighted average YTM IRR of 16.8%.

  • Net interest income rose 9% year-over-year to $14.4 million driven by higher fee income.
  • Loan portfolio principal outstanding increased to $416.4 million with 60.1% floating-rate exposure.
  • CECL reserve increased to $4.4 million reflecting one additional non-accrual loan.
  • Quarterly dividend of $0.47 per share was declared and paid in July 2025.

Headline financials

Total Revenue

$14.4M

Previous: $13.2M+9.4%
EPS (adj)

$0.42

Previous: $0.46-8.7%
Loans held for investment, net

$410M

No prior period
CECL reserve

$4.42M

No prior period
Unfunded commitments

$16.6M

Previous: $6M+176.6%
Revolving loan outstanding

$71.2M

No prior period
Notes payable, net

$49.2M

No prior period
Dividends declared per share

$0.47

Previous: $0.47+0.0%
Floating rate loans

60.1%

Previous: 76.4%-21.3%
Portfolio weighted avg YTM IRR

16.8%

Previous: 18.7%-10.2%
Total loan principal outstanding

$416M

Previous: $383M+8.6%
Book value per share

$14.71

Previous: $14.92-1.4%
Debt to equity ratio

0.47

Previous: 26.2-98.2%
Net Income

$8.88M

Previous: $9.18M-3.3%
Operating Income

$4.83M

Previous: -$7.03M+168.7%
Cash & Equivalents

$35.6M

Previous: $7.07M+402.9%
Total Assets

$455M

Previous: $386M+17.8%

Revenue & EPS history

Chicago Atlantic · Revenue · Quarterly

$14.4M

Q2 2025+9.4%vs Q2 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
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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