See more : Digital Health Acquisition Corp. (DHACU) Income Statement Analysis – Financial Results
Complete financial analysis of Chicago Atlantic Real Estate Finance, Inc. (REFI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Chicago Atlantic Real Estate Finance, Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Chicago Atlantic Real Estate Finance, Inc. (REFI)
About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2021 and is based in Chicago, Illinois.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 57.33M | 48.86M | 11.08M |
| Cost of Revenue | 8.78M | 3.89B | 905.12K |
| Gross Profit | 48.54M | -3.84B | 10.17M |
| Gross Profit Ratio | 84.68% | -7,856.60% | 91.83% |
| Research & Development | 0.00 | 0.63 | 0.86 |
| General & Administrative | 16.20M | 10.53M | 1.54M |
| Selling & Marketing | 1.48M | 0.00 | 39.48K |
| SG&A | 17.68M | 10.53M | 1.58M |
| Other Expenses | 0.00 | 10.89B | -75.86K |
| Operating Expenses | 17.68M | 16.57B | 1.58M |
| Cost & Expenses | 17.68M | 16.57B | 1.50M |
| Interest Income | 62.90M | 51.47M | 10.75B |
| Interest Expense | 5.75M | 2.61M | 75.86K |
| Depreciation & Amortization | 5.93M | 16.57M | -12.66M |
| EBITDA | 44.46M | 34.91M | 9.57M |
| EBITDA Ratio | 77.56% | 71,445.58% | 86.43% |
| Operating Income | 38.53M | 34.91M | 9.57M |
| Operating Income Ratio | 67.21% | 71.45% | 86.43% |
| Total Other Income/Expenses | 180.39K | -2.61M | -3.17M |
| Income Before Tax | 38.71M | 32.29M | 9.50M |
| Income Before Tax Ratio | 67.52% | 66.10% | 85.75% |
| Income Tax Expense | 0.00 | 34.91M | 9.57M |
| Net Income | 38.71M | 32.29M | 9.50M |
| Net Income Ratio | 67.52% | 66.10% | 85.75% |
| EPS | 2.14 | 1.83 | 0.54 |
| EPS Diluted | 2.11 | 1.82 | 0.54 |
| Weighted Avg Shares Out | 18.09M | 17.65M | 17.45M |
| Weighted Avg Shares Out (Dil) | 18.34M | 17.75M | 17.45M |
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Chicago Atlantic Secures BBB+ Rating And $50M Loan To Enhance Liquidity In Cannabis Lending
Chicago Atlantic Real Estate Finance, Inc. REFI, a leading commercial mortgage real estate investment trust (REIT), has announced the closure of a $50 million unsecured term loan with two institutional private lending platforms. This funding aims to support the company's...
Chicago Atlantic Real Estate Finance Closes on $50 Million Unsecured Term Loan to Fund Deployment of New Investments
CHICAGO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today announced that the Company entered into a $50.0 million unsecured term loan...
Chicago Atlantic Real Estate Finance Schedules Third Quarter 2024 Earnings Release and Conference Call Date
CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced details for the release of its results for the third quarter ended...
Chicago Atlantic and Silver Spike Close Loan Portfolio Acquisition and Joint Venture Transactions
CHICAGO--(BUSINESS WIRE)--Chicago Atlantic and Silver Spike have closed loan portfolio acquisition and joint venture transactions.
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