Chicago Atlantic Q2 net interest income, earnings fall yr/yr
REFI•Quarterly results
Chicago Atlantic Real Estate Finance Inc said second-quarter net interest income and distributable earnings declined year over year.
The company said the earnings decline was driven by the timing of loan repayments and deployments during the quarter.
Outlook and dividend plan
The company expects its 2026 dividend payout ratio to be 90% to 100% of distributable earnings per diluted share.
It may issue a special dividend in Q4 2026 to meet taxable income distribution requirements.
The outlook does not reflect the effects of the pending merger with Chicago Atlantic BDC, which is expected to close in Q4 2026.
Business and transaction updates
The company completed its $62.5 million Koach transaction and expects a merger with LIEN to close in Q4 2026.
Chicago Atlantic said operating in a niche market allows it to set terms and generate higher yields.
Key figures and analyst coverage
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 EPS | $0.34 |
The current average analyst rating on the shares is "buy", with 3 "strong buy" or "buy" ratings, 2 "hold" ratings and no "sell" or "strong sell" ratings.
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 $16.00, about 56.3% above its August 10 closing price of $10.24.
