Quarterly ResultMay 7, 2026, 07:08 AM
Chicago Atlantic Real Estate Finance Q1 Diluted EPS $0.23
AI Summary
Chicago Atlantic Real Estate Finance, Inc. announced its first quarter 2026 financial results, reporting diluted EPS of $0.23 and distributable earnings per diluted share of $0.46. The company maintained a regular quarterly dividend of $0.47 per share. Management noted stable results in an unstable macro environment and expressed optimism for the cannabis industry following the federal rescheduling of medical cannabis to Schedule III, which is expected to strengthen borrower credit profiles.
Key Highlights
- Diluted EPS for Q1 2026 was $0.23, down from $0.47 in Q1 2025.
- Distributable earnings per diluted share were $0.46 for Q1 2026, stable from Q1 2025.
- Net income for Q1 2026 decreased to $4.84 million from $10.04 million in Q1 2025.
- Declared a regular quarterly dividend of $0.47 per share for Q1 2026.
- Total loan principal outstanding increased to $413.6 million as of March 31, 2026.
- Gross unlevered weighted average yield to maturity was 15.8% for Q1 2026.
- Provision for current expected credit losses was $3.84 million in Q1 2026.
- Federal rescheduling of medical cannabis to Schedule III is expected to improve borrower credit profiles.
Price Impact
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