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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