Chicago Atlantic Real Estate Finance Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
REFI$8.86+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| For the year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Interest income | $62,104,092 | $62,900,004 |
| Interest expense | (7,153,207) | (5,752,908) |
| Net interest income | 54,950,885 | 57,147,096 |
| Expenses | ||
| Management and incentive fees, net | 8,061,896 | 8,782,834 |
| General and administrative expense | 5,388,967 | 5,260,287 |
| Professional fees | 1,811,067 | 2,153,999 |
| Stock based compensation | 3,058,674 | 1,479,736 |
| (Benefit) provision for current expected credit losses | (583,298) | 940,385 |
| Total expenses | 17,737,306 | 18,617,241 |
| Change in unrealized (loss) gain on investments | (240,604) | 75,604 |
| Realized gain on debt securities, at fair value | 72,428 | 104,789 |
| Net Income before income taxes | 37,045,403 | 38,710,248 |
| Income tax expense | - | - |
| Net Income | $37,045,403 | $38,710,248 |
| Earnings per common share: | ||
| Basic earnings per common share | $1.92 | $2.14 |
| Diluted earnings per common share | $1.88 | $2.11 |
| Weighted average number of common shares outstanding: | ||
| Basic weighted average shares of common stock outstanding | 19,279,501 | 18,085,088 |
| Diluted weighted average shares of common stock outstanding | 19,713,916 | 18,343,725 |
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