Chicago Atlantic Real Estate Reports Strong Q3 2024 Results

TipRanks2024-11-08

The latest announcement is out from Chicago Atlantic Real Estate ate Finance Inc ( (REFI) ). Chicago Atlantic Real Estate Finance, Inc., a commercial mortgage REIT, reported strong third-quarter 2024 ...

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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.Icahn to Boost Stake in CVR Energy to 81% by Cutting IEP’s Dividend. Amazon Considers Additional Multi-Billion Dollar Investment in Anthropic","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4110":"抵押房地产投资信托","REFI":"Chicago Atlantic Real Estate Finance, Inc."},"translate_title":"芝加哥大西洋房地产公司公布2024年第三季度强劲业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REFI":0.9},"content_text":"The latest announcement is out from Chicago Atlantic Real Estate ate Finance Inc ( (REFI) ).\nChicago 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. 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