Chicago Atlantic Q3 net income falls to $8.93 mln

Reuters11-04
Chicago Atlantic Q3 net income falls to $8.93 mln

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/Miss

Actual

Consensus Estimate

Q3 EPS

$0.42

Q3 Basic EPS

$0.42

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 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: ID:nGNXbQj7cl

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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.)

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