Chicago Atlantic Real Estate Finance(US:REFI) Globenewswire·2025-11-04 12:00Core Insights - Chicago Atlantic Real Estate Finance, Inc. reported its financial results for the quarter ending September 30, 2025, highlighting a focus on proven operators in limited-license states and strong underwriting practices [1][2] Financial Performance - Net interest income for the quarter was $13,685,274, a decrease from $14,459,393 in the previous quarter and $14,424,987 in the same quarter last year [3] - Total expenses before provision for expected credit losses were $4,193,515, down from $4,565,322 in the previous quarter and similar to $4,237,354 a year ago [3] - Net income for the quarter was $8,934,539, slightly up from $8,877,375 in the previous quarter but down from $11,211,636 in the same quarter last year [3] - Distributable earnings were reported at $10,522,142, compared to $10,850,941 in the previous quarter and $11,159,241 a year ago [3][22] Portfolio and Capital Activity - The total loan principal outstanding was $399,948,492, a decrease from $421,918,148 in the previous quarter and an increase from $356,285,780 a year ago [3] - The company has a pipeline of over $415 million in new opportunities and advanced approximately $3.3 million to existing borrowers on delayed draw term loan facilities during the subsequent period [2][5] - As of September 30, 2025, the company had total leverage of approximately $101.7 million, with $52.4 million drawn on the revolving loan and $49.3 million in notes payable due 2028 [12] Market Position and Strategy - The company remains insulated from potential adjustments in the Prime rate, with 86% of current loans structured with interest rate floors greater than or equal to the prevailing Prime rate [2] - Chicago Atlantic focuses on delivering strong, risk-adjusted returns to stockholders, as evidenced by recent stock purchases in the open market [2] Outlook - The company affirmed its outlook previously issued on March 12, 2025, indicating confidence in its growth trajectory [7]