Financial Snapshot

Revenue
$63.22M
TTM
Gross Margin
88.2%
TTM
Net Earnings
$38.52M
TTM
Current Assets
$8.847M
Q3 2024
Current Liabilities
$12.29M
Q3 2024
Current Ratio
71.96%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$295.5M
Q3 2024
Cash
Q3 2024
P/E
8.155
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $63.08M $48.86M $11.08M
YoY Change 29.11% 341.15%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $63.08M $48.86M $11.08M
Cost Of Revenue $5.753M $2.614M
Gross Profit $57.33M $48.86M
Gross Profit Margin 90.88% 100.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $19.46M $12.68M $1.187M
YoY Change 53.5% 967.8%
% of Gross Profit 33.95% 25.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $19.46M $16.57M $1.503M
YoY Change 17.48% 1002.27%
Operating Profit $37.87M $32.29M
YoY Change 17.26%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense $5.753M $2.024M -$75.86K
YoY Change 184.19% -2768.47%
% of Operating Profit 15.19% 6.27%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income $38.71M $32.29M $9.496M
YoY Change 19.87% 240.05%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $38.71M $32.29M $9.496M
YoY Change 19.87% 240.05%
Net Earnings / Revenue 61.37% 66.1% 85.75%
Basic Earnings Per Share $2.14 $1.83
Diluted Earnings Per Share $2.11 $1.82 $1.472M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $7.898M $5.716M $80.25M
YoY Change 38.18% -92.88%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $8.711M $6.734M $80.25M
YoY Change 29.36% -91.61%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $842.3K
YoY Change
Other Assets -$4.973M -$3.941M $868.0K
YoY Change 26.18% -554.01%
Total Long-Term Assets $350.5M $336.5M $197.9M
YoY Change 4.15% 70.04%
Total Assets $359.2M $343.3M $278.2M
YoY Change
Accounts Payable $1.135M $1.058M $212.9K
YoY Change 7.3% 397.03%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.25M $17.97M $5.656M
YoY Change 1.52% 217.76%
Long-Term Debt $66.00M $58.00M $0.00
YoY Change 13.79%
Other Long-Term Liabilities $3.126M $3.266M $8.437M
YoY Change -4.27% -61.29%
Total Long-Term Liabilities $69.13M $61.27M $8.437M
YoY Change 12.83% 626.19%
Total Liabilities $87.37M $79.24M $14.09M
YoY Change 10.27% 462.27%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding 18.09M 17.65M shares
Diluted Shares Outstanding 18.34M 17.75M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $314.15 Million

About Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. The company is headquartered in Chicago, Illinois and currently employs 0 full-time employees. The company went IPO on 2021-12-08. The firm utilizes real estate, credit, and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. Its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, primarily through consistent current income dividends and other distributions and, secondarily, through capital appreciation. The company focuses on achieving this objective by originating, structuring and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio consists primarily of senior loans to state-licensed operators in the cannabis industry. The firm also invests in companies or properties that are not related to the cannabis industry. The firm is externally managed by Chicago Atlantic REIT Manager, LLC.

Industry: Real Estate Investment Trusts Peers: Advanced Flower Capital Inc. Angel Oak Mortgage REIT, Inc. ANNALY CAPITAL MANAGEMENT INC Granite Point Mortgage Trust Inc. Rithm Property Trust Inc. Invesco Mortgage Capital Inc. NexPoint Real Estate Finance, Inc. Seven Hills Realty Trust Orchid Island Capital, Inc. Sachem Capital Corp.