Chicago, IL — November 4, 2025 — Leads & Copy — Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) reported its Q3 results, with net income at $8.93 million, or $0.42 per diluted share. The commercial mortgage REIT’s loan portfolio remains strong due to proven operators and disciplined liquidity deployment.
Co-CEO Peter Sack noted that 86% of the company’s loans have interest rate floors exceeding the prime rate. Originations were strong during the quarter, with a pipeline exceeding $415 million. Chicago Atlantic is on track for loan portfolio growth in 2025.
For Q3 ended September 30, 2025, net interest income was $13.68 million ($0.64 per share) compared to $14.46 million ($0.72 per share) for the same period in 2024. Distributable earnings were $10.52 million ($0.50 per basic share).
As of September 30, 2025, total loan principal outstanding was $399.95 million, with unfunded commitments of $29.76 million. The gross unlevered weighted average yield to maturity was 16.5%.
During the subsequent period, $3.3 million was advanced to existing borrowers. As of November 4, 2025, available credit was $69.1 million, and total liquidity, net of liabilities, was approximately $63 million.
Chicago Atlantic affirmed its previously issued outlook for 2025. A conference call is scheduled for later today at 9:00 a.m. Eastern Time.
Contact:
Tripp Sullivan
SCR Partners
IR@REFI.reit
Source: Chicago Atlantic Real Estate Finance, Inc.
