GlobeNewswire·Nov 10, 2026, 7:00 AM ET

Chicago Atlantic Real Estate Finance Announces Third Quarter 2026 Financial Results

Chicago Atlantic Real Estate Finance, Inc. reported third-quarter 2026 distributable earnings of $0.49 per diluted weighted average share.
Net interest income for the quarter was $12.47 million, down from $13.69 million in the same period in 2025.
The company recorded a provision for current expected credit losses of $2.77 million, compared to $557,220 in the prior year quarter.
Total loan principal outstanding increased to $527.7 million, driven by new investments including the Koach transaction.
The real estate secured cannabis pipeline decreased to approximately $174 million from $204 million at the end of the previous quarter.
On July 9, 2026, the company issued shares to Koach in exchange for second lien promissory notes totaling approximately $62.6 million.
A pending merger with Chicago Atlantic BDC, Inc. (LIEN) was announced on June 17, 2026, with completion expected in 2027 pending stockholder approval.
The company expects a full-year 2026 dividend payout ratio of 90% to 100% of distributable earnings per diluted share.
Adjusted book value per share as of September 30, 2026, was $14.12, down from $14.71 in the prior year quarter.
The debt-to-equity ratio rose to 47.5% from 32.8% in the same period of 2025.
Total liquidity as of November 10, 2026, was approximately $12.0 million, net of estimated liabilities.
The company increased its revolving loan borrowing capacity to $117.5 million during the quarter.