Chicago Atlantic Real Estate Finance | 10-Q: FY2025 Q3 Revenue: USD 15.25 M

LB filings
2025.11.04 12:05
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Revenue: As of FY2025 Q3, the actual value is USD 15.25 M.

EPS: As of FY2025 Q3, the actual value is USD 0.42, missing the estimate of USD 0.43.

EBIT: As of FY2025 Q3, the actual value is USD -4.751 M.

Segment Revenue

  • Interest Income: For the three months ended September 30, 2025, interest income was $15,250,866, a decrease from $16,258,744 in the same period of 2024.

Operational Metrics

  • Net Interest Income: For the three months ended September 30, 2025, net interest income was $13,685,274, compared to $14,459,393 for the same period in 2024.
  • Net Income: For the three months ended September 30, 2025, net income was $8,934,539, a decrease from $11,211,636 in the same period of 2024.
  • Total Expenses: Total expenses for the three months ended September 30, 2025 were $4,750,735, compared to $3,247,757 for the same period in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $22,273,685, compared to $21,331,814 for the same period in 2024.
  • Net Cash Provided by Investing Activities: For the nine months ended September 30, 2025, net cash provided by investing activities was $16,011,906, compared to $1,968,144 for the same period in 2024.
  • Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was -$35,765,502, compared to -$24,437,565 for the same period in 2024.

Unique Metrics

  • Weighted Average Yield-to-Maturity Internal Rate of Return (YTM IRR): As of September 30, 2025, the weighted-average YTM IRR of the loan portfolio was 16.5%, compared to 17.2% as of December 31, 2024.

Future Outlook and Strategy

  • Core Business Focus: The company aims to grow its portfolio by continuing to make loans to leading operators and property owners in the cannabis industry, with a focus on originating real estate loans between $5 million and $200 million.
  • Non-Core Business: The company may also invest in companies or properties not related to the cannabis industry if they provide return characteristics consistent with its investment objective.
  • Priority: The company intends to maintain a diversified portfolio across jurisdictions and verticals, including cultivators, processors, dispensaries, and ancillary businesses.
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