Chicago Atlantic Real Estate Finance — Third Quarter 2026 Earnings Summary

Chicago Atlantic Real Estate Finance reported third-quarter 2026 distributable earnings of $0.49 per diluted share, driven by net interest income of $12.5 million despite a challenging macroeconomic environment. The company's total loan principal outstanding increased to $527.7 million, a figure that includes $59.1 million in Koach Notes acquired in exchange for newly issued common stock. A pending merger with Chicago Atlantic BDC, Inc. is expected to close in 2027, subject to stockholder and regulatory approvals. The company maintains a dividend payout ratio target of 90% to 100% of distributable earnings for the full year 2026.