NASDAQ$REFI

Chicago Atlantic Real Estate Finance Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced Q3 2024 financial results, demonstrating effective portfolio management and strategic positioning for future growth.

Chicago Atlantic announced its Q3 2024 results, highlighting successful portfolio management through extensions, modifications, and refinancings, which improved credit quality and loan coverage. The company affirmed its previously issued 2024 outlook and is well-positioned for the remainder of the year and into 2025, with a strong pipeline and increased liquidity from a recent unsecured note.

  • Successfully managed portfolio maturities through extensions, modifications, and refinancings.
  • Improved credit quality and loan coverage.
  • Strong pipeline in existing and new adult-use states.
  • Increased liquidity expected to be deployed into accretive capital opportunities.

Headline financials

Total Revenue

$14.5M

Previous: $13.7M+5.3%
EPS

$0.56

Previous: $0.57-1.8%
Capital Expenditures

$0.00

Previous: $0.00
Free Cash Flow

$11.2M

Previous: $9.98M+12.4%
Net Income

$11.2M

Previous: $9.98M+12.4%
Operating Income

-$5.12M

Previous: -$7.26M+29.4%
Gross Profit

$12M

Previous: $9.79M+22.5%
Cash & Equivalents

$6.76M

Previous: $8.7M-22.3%
Total Assets

$366M

Previous: $352M+3.9%
Stock-Based Comp

$846K

Previous: $540K+56.5%

Revenue & EPS history

Chicago Atlantic · Revenue · Quarterly

$14.5M

Q3 2024+5.3%vs Q3 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Chicago Atlantic affirmed its 2024 outlook previously issued on March 12, 2024.

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 Q3 2024

Historical avgQ3 2024

-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
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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