NASDAQ$REFI

Chicago Atlantic Real Estate Finance Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and year ended December 31, 2022 financial results.

Chicago Atlantic reported improved credit quality of the portfolio, increased the floating rate portion to 83%, and increased the weighted average yield to maturity to 19.7%. Net new originations were nearly $6 million.

  • Improved the credit quality of the portfolio substantially this quarter.
  • Net new originations of nearly $6 million.
  • Increased the floating rate portion of the portfolio to 83%.
  • Increased the weighted average yield to maturity to 19.7%.

Headline financials

Total Revenue

$14.8M

Previous: $5.78M+155.5%
EPS (adj)

$0.57

Previous: $0.61-6.6%
Net Income

$7.26M

Previous: $4.36M+66.4%
Gross Profit

$12.3M

Previous: $5.66M+116.9%
Cash & Equivalents

$5.72M

Previous: $80.2M-92.9%
Total Assets

$343M

Previous: $278M+23.4%
Stock-Based Comp

$107K

Previous: $29.6K+262.3%

Revenue & EPS history

Chicago Atlantic · Revenue · Quarterly

$14.8M

Q4 2022+155.5%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Chicago Atlantic offered the following outlook for full year 2023: This outlook does not include additional adjustments to the Prime rate subsequent to the date hereof or the impact of any unscheduled loan principal repayments.

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 Q4 2022

Historical avgQ4 2022

-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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