Chicago Atlantic Real Estate Finance, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
March 09, 2023 at 05:31 pm IST
Share
Chicago Atlantic Real Estate Finance, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported net income was USD 32.29 million. Basic earnings per share from continuing operations was USD 1.83.
Diluted earnings per share from continuing operations was USD 1.82.
Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. The Company utilizes real estate, credit, and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. Its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, primarily through consistent current income dividends and other distributions and, secondarily, through capital appreciation. It focuses on achieving this objective by originating, structuring and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio consists primarily of senior loans to state-licensed operators in the cannabis industry. The Company also invests in companies or properties that are not related to the cannabis industry. The Company is externally managed by Chicago Atlantic REIT Manager, LLC.
CHICAGO ATLANTIC REAL ESTATE FINANCE, INC. 
