Chicago Atlantic Real Estate Finance Q3 net income falls 28% year over year to $6.43 million
REFI•Chicago Atlantic Real Estate Finance’s third-quarter 2026 net income fell 28% year over year to $6.43 million. Net interest income declined 9% to $12.47 million, while the provision for current expected credit losses rose to $2.77 million; its pending merger with Chicago Atlantic BDC is expected to close in 2027, subject to approvals.
1. Quarterly results
Third-quarter 2026 net income fell 28% year over year to $6.43 million. Net interest income declined 9% from a year earlier to $12.47 million, and the provision for current expected credit losses rose year over year to $2.77 million.
2. Pending merger
The pending merger with Chicago Atlantic BDC is expected to close in 2027, subject to stockholder and regulatory approvals.
