Chicago Atlantic Real Estate Finance posted Q2 GAAP net income of $7.47 million, down 16% from a year earlier.
Interest income fell 8% to $15.22 million; net interest income slid 11% to $12.83 million.
Total expenses narrowed 10% to $5.14 million; provision for current expected credit losses dropped 52% to $551,294.
Loans held for investment totaled $412.13 million in outstanding principal at June 30, 2026; net carrying value was $398.53 million after a $9.37 million CECL reserve.
REFI declared a $0.47 per-share cash dividend for the quarter, paid July 15; it expects its merger with Chicago Atlantic BDC to close in Q4 2026.
REFI•
