Chicago Atlantic Real Estate Finance originates and invests in senior secured loans and structured financings backed by commercial real estate. It specializes in lending to state-licensed cannabis operators in limited-license U.S. states. As a mortgage REIT, the company provides first mortgage loans and alternative credit to cultivation, processing and retail facilities where traditional financing is limited.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 13 | — | 10 | 17.4% |
| Q2 2025 | 14.6 | — | 8.9 | -0.5% |
| Q3 2025 | 13.7 | — | 8.9 | -18.7% |
| Q4 2025 | 14.2 | — | 8.2 | 6.5% |
| Q1 2026 | 12.9 | -0.9% | 4.8 | -51.8% |
| Q2 2026 | 12.6 | -13.6% | 7.5 | -15.8% |
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