Overview

* Chicago Atlantic Q3 net income declines to $8.93 mln from $11.21 mln last year

* Net interest income for Q3 falls to $13.69 mln from $14.46 mln last year

* Company repurchased shares in open market, reinforcing commitment to shareholder returns

Outlook

* Company affirms its 2025 outlook issued on March 12, 2025

* Company aims to generate net growth in loan portfolio for 2025

* Company has a pipeline of over $415 mln in new opportunities

Result Drivers

* PROVEN OPERATORS - Co attributes loan portfolio performance to focus on proven operators in limited-license states

* INTEREST RATE INSULATION - Co remains insulated from Prime rate changes with 86% of loans having interest rate floors

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.42

Q3 Basic $0.42

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Chicago Atlantic Real Estate Finance Inc ( REFI ) is $18.00, about 27.3% above its November 3 closing price of $13.08

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)