$REFI
Chicago Atlantic Real Estate Finance, Inc.
CIK:0001867949|SEC Filings
Consolidated Statements of Income (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Interest income | $ 15,219,022 | $ 16,502,035 | $ 30,383,710 | $ 31,609,350 |
| Interest expense | (2,384,377) | (2,077,048) | (4,424,979) | (4,142,430) |
| Net interest income | 12,834,645 | 14,424,987 | 25,958,731 | 27,466,920 |
| Expenses | ||||
| Management and incentive fees, net | 1,604,328 | 1,932,957 | 3,323,823 | 3,668,490 |
| General and administrative expense | 1,529,035 | 1,271,124 | 2,680,508 | 2,467,231 |
| Professional fees | 495,084 | 480,113 | 998,633 | 973,059 |
| Stock based compensation | 957,578 | 881,128 | 1,822,932 | 1,530,440 |
| Provision (benefit) for current expected credit losses | 551,294 | 1,147,290 | 4,389,145 | 74,014 |
| Total expenses | 5,137,319 | 5,712,612 | 13,215,041 | 8,713,234 |
| Change in unrealized (loss)/gain on investment | (224,000) | 165,000 | (430,000) | 165,000 |
| Net income before income taxes | 7,473,326 | 8,877,375 | 12,313,690 | 18,918,686 |
| Income tax expense | 0 | 0 | 0 | 0 |
| Net income | $ 7,473,326 | $ 8,877,375 | $ 12,313,690 | $ 18,918,686 |
| Earnings per common share: | ||||
| Basic earnings per common share (in Dollars per share) | $ 0.35 | $ 0.42 | $ 0.58 | $ 0.9 |
| Diluted earnings per common share (in Dollars per share) | $ 0.34 | $ 0.41 | $ 0.57 | $ 0.89 |
| Weighted average number of common shares outstanding: | ||||
| Basic weighted average shares of common stock outstanding (in Shares) | 21,242,557 | 21,002,787 | 21,161,863 | 20,931,025 |
| Diluted weighted average shares of common stock outstanding (in Shares) | 21,713,882 | 21,487,106 | 21,599,634 | 21,376,645 |