Chicago Atlantic Real Estate Finance reported Q3 2025 net income of $8.93 million, a decline from $11.21 million in the same quarter last year. Earnings per share were $0.49, compared with $0.56 in Q3 2024, and the company posted revenue of $13.69 million versus $14.5 million in the prior year.
Net interest income for the quarter was $13.69 million, down from $14.46 million in Q3 2024. The decline reflects a modest contraction in interest‑rate margins, while 86 % of the company’s loans carry interest‑rate floors at or above prevailing prime rates, providing a degree of protection against rate volatility.
The firm’s capital position remains robust, with total loan principal outstanding at $399.95 million and a pipeline of more than $415 million in opportunities. Liquidity stands at $63 million, and $69.1 million is available on its revolving facility, which has been extended to mature on June 30 2028.
Management highlighted the company’s focus on limited‑license states, strong underwriting, and capital preservation as key drivers of its strategy. The firm continues to target proven operators in regulated markets and maintains disciplined capital deployment.
No forward guidance was provided for the next quarter or fiscal year.
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