See more : Agree Realty Corporation (ADC-PA) 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.
You may be interested
- Zhejiang Semir Garment Co., Ltd. (002563.SZ) Income Statement Analysis – Financial Results
- European Sustainable Growth Acquisition Corp. (EUSGW) Income Statement Analysis – Financial Results
- Dynamix Corporation Unit (DYNXU) Income Statement Analysis – Financial Results
- CNBX Pharmaceuticals Inc. (CNBX) Income Statement Analysis – Financial Results
- Korea Aerospace Industries, Ltd. (047810.KS) Income Statement Analysis – Financial Results
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 |
The 2024 Cannabis REIT Watchlist: Secure Investments in a Growing Market
The U.S. cannabis industry and top marijuana stocks are rapidly evolving. In 2023, legal sales hit a record high. Growth is expected to continue in 2024. Additionally, this makes cannabis-related Real Estate Investment Trusts (REITs) a unique investment opportunity.
Disinflation: A Gift That Keeps Giving
U.S. equity markets extended their winning streak to an eighth week - the longest in five years - after inflation data both domestically and abroad showed a further cooling of price pressures. Extending its weekly winning streak to the longest...
Chicago Atlantic Funds Margo Bitcoin ATM Network
CHICAGO--(BUSINESS WIRE)--Chicago Atlantic announced today the funding of a $16 million senior secured term loan to Margo, a cryptocurrency ATM operator that provides a secure and convenient way to instantly turn cash into digital currency. Chicago Atlantic's capital investment will...
2024's High Yield Harvest: Leading Cannabis REITs for Sustained Growth
As we approach the end of 2023, the spotlight turns to the top Cannabis Real Estate Investment Trusts (REITs), a niche but burgeoning sector in the investment world. With long-term investing gaining momentum, these high-yielding dividend stocks are increasingly attractive....
Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2023
CHICAGO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for...
Chicago Atlantic Real Estate Finance: Is The 12.4% Yield From Cannabis Credit Investable?
Chicago Atlantic Real Estate Finance has kept its dividend stable and currently pays out $0.47 per share for a 12.4% dividend yield. This was 115% covered by fiscal 2023 third-quarter diluted EPS of $0.54 per share. The mREIT has an...
Cannabis Real Estate Goldmine: The Top Marijuana REITs to Consider
The United States cannabis industry and top marijuana stocks are experiencing an unprecedented boom, leading to lucrative opportunities for long-term investors. In general, Cannabis Real Estate Investment Trusts (REITs) have emerged as a key player in this expanding market. These...
Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 2023 Earnings Call Transcript
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations John Mazarakis - Executive Chairman Anthony Cappell - Chief Executive Officer Andreas Bodmeier -...
Chicago Atlantic Real Estate Finance Announces Third Quarter 2023 Financial Results
CHICAGO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today announced its results for the third quarter ended September 30, 2023.
Chicago Atlantic Funds Term Loan to Halo CollarTM
CHICAGO--(BUSINESS WIRE)--Chicago Atlantic closed a secured term loan with Halo Collar™, the AI-driven dog collar that offers highly accurate GPS dog fencing solutions.
Source: https://incomestatements.info
Category: Stock Reports