NASDAQ$REFI

Chicago Atlantic Real Estate Finance Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Chicago Atlantic reported stable loan funding activity and strong net income for Q4 2024.

Chicago Atlantic posted Q4 2024 revenue of $15.48 million, with net income reaching $7.92 million. EPS came in at $0.39 per diluted share. Loan fundings for the quarter totaled $90.7 million, with $52.6 million to new borrowers. The company also built a pipeline of potential fundings nearing $500 million and maintained a disciplined underwriting process.

  • Total revenue reached $15.48 million in Q4 2024.
  • Net income was $7.92 million, with an EPS of $0.39.
  • Loan fundings totaled $90.7 million, including $52.6 million for new borrowers.
  • Pipeline of potential fundings neared $500 million.

Headline financials

Total Revenue

$15.5M

Previous: $14.8M+4.3%
EPS (adj)

$0.46

Previous: $0.53-13.2%
Capital Expenditures

$0.00

Previous: $0.00
Free Cash Flow

$1.83M

No prior period
Net Income

$7.92M

Previous: $9.4M-15.7%
Operating Income

$7.92M

No prior period

Revenue & EPS history

Chicago Atlantic · Revenue · Quarterly

$15.5M

Q4 2024+4.3%vs Q4 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Chicago Atlantic expects continued loan growth and steady earnings in 2025, supported by a strong funding pipeline and disciplined underwriting.

Tailwinds

  • Strong pipeline of potential loan fundings for 2025.
  • Stable net interest income expected despite rate fluctuations.
  • High-quality loan portfolio with strong credit underwriting.
  • Increased focus on secured lending opportunities.
  • Maintaining high liquidity to support growth initiatives.

Headwinds

  • Potential impact from regulatory uncertainty in cannabis lending.
  • Macroeconomic risks may affect borrower demand.
  • Pressure from interest rate movements impacting loan yields.
  • Higher credit loss provisions expected due to economic conditions.
  • Increased competition in the alternative lending market.

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 2024

Historical avgQ4 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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