Chicago Atlantic Real Estate Reports Strong Q3 2024 Results [Yahoo! Finance]
Chicago Atlantic Real Estate Finance, Inc. (REFI)
Company Research
Source: Yahoo! Finance
Chicago Atlantic Real Estate Finance, Inc., a commercial mortgage REIT, reported strong third-quarter 2024 results, highlighting a well-managed portfolio with improved credit quality and loan coverage. The company, focusing on state-licensed cannabis operators, had $362.3 million in outstanding loans with an 18.3% yield to maturity. Chicago Atlantic increased its credit facility to $110 million and entered a $50 million unsecured term loan to enhance liquidity. The firm posted net income of $11.2 million, reflecting a 21.7% increase per share, and affirmed its positive outlook for the remainder of 2024. For detailed information about REFI stock, go to TipRanks' Stock Analysis page Immunic Reports Q3 Earnings and Provides Corporate Update Icahn to Boost Stake in CVR Energy to 81% by Cutting IEP's Dividend Amazon Considers Additional Multi-Billion Dollar Investment in Anthropic
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REFI
News
- Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2024GlobeNewswire
- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $20.00 price target on the stock.MarketBeat
- Chicago Atlantic and Lineage Merchant Partners Announce Transformative Merger Agreements in the Cannabis IndustryBusiness Wire
- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $20.00 price target on the stock.MarketBeat
REFI
Earnings
- 11/7/24 - Beat
REFI
Sec Filings
- 12/16/24 - Form 8-K
- 11/8/24 - Form 4
- 11/7/24 - Form 10-Q
- REFI's page on the SEC website