Chicago Atlantic Real Estate Finance Inc
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
REFI$8.86+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| For the year ended | For the year ended | |
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| Revenues | ||
| Interest income | $62,900,004 | $51,471,766 |
| Interest expense | (5,752,908) | (2,614,138) |
| Net interest income | 57,147,096 | 48,857,628 |
| Expenses | ||
| Management and incentive fees, net | 8,782,834 | 6,562,087 |
| General and administrative expense | 5,260,287 | 3,528,322 |
| Professional fees | 2,153,999 | 2,151,714 |
| Stock based compensation | 1,479,736 | 435,623 |
| Provision for current expected credit losses | 940,385 | 3,887,405 |
| Total expenses | 18,617,241 | 16,565,151 |
| Change in unrealized gain on debt securities, at fair value | 75,604 | - |
| Realized gain on debt securities, at fair value | 104,789 | - |
| Net Income before income taxes | 38,710,248 | 32,292,477 |
| Income tax expense | - | - |
| Net Income | $38,710,248 | $32,292,477 |
| Earnings per common share: | ||
| Basic earnings per common share | $2.14 | $1.83 |
| Diluted earnings per common share | $2.11 | $1.82 |
| Weighted average number of common shares outstanding: | ||
| Basic weighted average shares of common stock outstanding | 18,085,088 | 17,653,765 |
| Diluted weighted average shares of common stock outstanding | 18,343,725 | 17,746,214 |
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