Chicago Atlantic Real Estate Finance, Inc.

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 4, 2025

REFI$8.86+0.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Equity

THREE MONTHS ENDED SEPTEMBER 30, 2025
Common Stock · Additional Paid-In- · Accumulated · Total Stockholders'
	Shares	Amount	Capital	Deficit	Equity
Balance at June 30, 2025	21,074,625	210,746	321,366,160	(11,548,516)	310,028,390
Issuance of common stock, net of offering costs	-	-	(68,670)	-	(68,670)
Issuance of common stock from employee incentive plan (Note 10)	673	7	(7)	-	-
Stock-based compensation, net of forfeitures	-	-	928,654	-	928,654
Dividends declared on restricted stock awards	-	-	-	(2,844)	(2,844)
Dividends declared on common shares ($.47 per share)	-	-	-	(9,905,390)	(9,905,390)
Net income	-	-	-	8,934,539	8,934,539
Balance at September 30, 2025	21,075,298	$210,753	$322,226,137	$(12,522,211)	$309,914,679

THREE MONTHS ENDED SEPTEMBER 30, 2024
Common Stock · Additional Paid-In- · Accumulated · Total Stockholders'
	Shares	Amount	Capital	Deficit	Equity
Balance at June 30, 2024	19,624,458	$196,245	$298,922,624	$(6,393,964)	292,724,905
Issuance of common stock, net of offering costs	2,700	27	(46,159)	-	(46,132)
Issuance of common stock from employee incentive plan (Note 10)	7,324	73	(73)	-	-
Stock-based compensation, net of forfeitures	-	-	845,524	-	845,524
Dividends declared on restricted stock awards	-	-	-	(40,967)	(40,967)
Dividends declared on common shares ($.47 per share)	-	-	-	(9,228,208)	(9,228,208)
Net income	-	-	-	11,211,636	11,211,636
Balance at September 30, 2024	19,634,482	$196,345	$299,721,916	$(4,451,503)	$295,466,758

NINE MONTHS ENDED SEPTEMBER 30, 2025
Common Stock · Additional Paid-In- · Accumulated · Total Stockholders'
Shares · Amount · Capital · Deficit · Equity
Balance at December 31, 2024	20,829,228	208,292	318,886,768		(10,136,963)		308,958,097
Issuance of common stock, net of offering costs	64,557	646	882,090		-		882,736
Issuance of common stock from employee incentive plan (Note 10)	181,513	1,815	(1,815)		-		-
Stock-based compensation, net of forfeitures	-	-	2,459,094		-		2,459,094
Dividends declared on restricted stock awards				(607,933)		(607,933)
Dividends declared on common shares ($1.41 per share)	-	-	-		(29,630,543)		(29,630,543)
Net income	-	-	-		27,853,228		27,853,228
Balance at September 30, 2025	21,075,298	$210,753	$322,226,137		$(12,522,211)		$309,914,679

NINE MONTHS ENDED SEPTEMBER 30, 2024
Common Stock · Additional Paid-In- · Accumulated · Total Stockholders'
	Shares	Amount	Capital	Deficit	Equity
Balance at December 31, 2023	18,197,192	181,972	277,483,092	(5,811,673)	271,853,391
Issuance of common stock, net of offering costs	1,309,503	13,095	20,026,952	167	20,040,214
Issuance of common stock from employee incentive plan (Note 10)	127,787	1,278	(1,278)	-	-
Stock-based compensation, net of forfeitures	-	-	2,213,150	-	2,213,150
Dividends declared on restricted stock awards	-	-	-	(306,757)	(306,757)
Dividends declared on common shares ($1.41 per share)	-	-	-	(27,458,951)	(27,458,951)
Net income	-	-	-	29,125,711	29,125,711
Balance at September 30, 2024	19,634,482	$196,345	$299,721,916	(4,451,503)	$295,466,758

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.