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Chicago Atlantic Real Estate Finance Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Chicago Atlantic Real Estate Finance holds $435.9M in total assets. Shareholders' equity is $303.4M against $49.4M in total debt. Cash and equivalents total $27.9M. Based on the Q1 2026 filing.

Total Assets$435.9MTotal Stockholders Equity$303.4MLong Term Debt$49.4MCash And Equivalents$27.9M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$243.5M
P/E Ratio7.90
ROE10.03%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued interest$1.1M$547.5K$243.4K$14.6K$1.3M$310.1K
Revolving credit facility$55.0M$38.0M$71.2M$52.4M$49.1M$67.1M
Dividends payable$13.6M$9.8M$9.9M$9.9M$11.2M$11.3M
Line of Credit Outstanding$55.0M$38.0M$71.2M$52.4M$49.1M$67.1M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$318.9M$320.5M$321.4M$322.2M$323.1M$324.0M
Common stock100M100M100M100M100M100M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued20.8M20.9M21.1M21.1M21.1M21.1M
Additional paid-in capital$318.9M$320.5M$321.4M$322.2M$323.1M$324.0M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$208.3K$208.9K$210.7K$210.8K$210.8K$210.8K
Retained earnings-$10.1M-$9.9M-$11.5M-$12.5M-$15.5M-$20.8M
Share-Based Payment - Unrecognized Cost of Nonvested Awards$15.14$15.13$15.00$15.00$15.00$15.00
Total liabilities and stockholders' equity$435.1M$414.7M$455.2M$427.1M$424.9M$435.9M
Total stockholders' equity$309.0M$310.8M$310.0M$309.9M$307.8M$303.4M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$4.3M$3.3M$4.4M$5.0M$5.1M$8.7M
Gross loans$402.5M$399.5M$414.0M$398.1M$409.0M$409.2M
Equity method investments$399.8M$397.1M$413.5M$395.8M$407.4M$403.9M
Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4$398.1M$396.2M$409.6M$393.1M$403.9M$400.6M
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Investment$364.2M$361.0M$374.0M$379.1M$332.8M$332.5M
Loan Held For Investment Related Party$38.2M$38.5M$40.0M$18.9M$76.2M$76.8M
Total assets$435.1M$414.7M$455.2M$427.1M$424.9M$435.9M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$26.4M$9.9M$35.6M$28.9M$14.9M$27.9M
Loans receivable, net of allowances of $1,042 and $1,074 (Note 7)$402.5M$399.5M$414.0M$398.1M$409.0M$409.2M
Other current assets$3.4M$1.2M$879.2K$26.4K$1.2M$65.8K
Other Receivables$459.2K$525.3K$423.0K$581.8K$874.2K$2.6M
Prepaid expenses and other current assets$3.4M$1.2M$879.2K$26.4K$1.2M$65.8K

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Maturity - 2027$50.0M$50.0M$50.0M$50.0M$50.0M$50.0M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$903.8K$844.3K$785.0K$100.0K$665.5K$606.8K
Long-term debt$49.1M$49.2M$49.2M$49.3M$49.3M$49.4M
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $159 and $183)$1.1M$2.5M$1.4M$1.1M$835.0K$1.2M
Interest Reserve$1.3M———$12.7K$10.0K
Management And Incentive Fees Payable$2.9M——$1.4M$3.1M$1.7M
Other non-current liabilities$2.0M$1.6M$1.9M$3.1M$2.2M$1.5M
Senior unsecured notes, net$49.1M$49.2M$49.2M$49.3M$49.3M$49.4M
Total Carrying Value of Debt$50.0M$50.0M$50.0M$50.0M$50.0M$50.0M
Total liabilities$126.2M$103.9M$145.2M$117.2M$117.1M$132.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Managed Servicing Portfolio$404.7M$401.5M$416.4M$399.9M$411.1M$413.6M
Other Commitment$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$100.0M$100.0M$100.0M$100.0M$100.0M$100.0M
Common stock, shares issued (in shares)$20.8M$20.9M$21.1M$21.1M$21.1M$21.1M
Common Stock, Shares, Outstanding$20.8M$20.9M$21.1M$21.1M$21.1M$21.1M
Current Expected Credit Loss Reserve Carrying Values$4.3M-$3.3M$4.4M$5.0M$5.1M$8.7M
Current Expected Credit Loss Reserve Original Discount$0.0$0.0$0.0$0.0$0.0$0.0
Current Expected Credit Loss Reserve Principal$0.0$0.0$0.0$0.0$0.0$0.0
Long-term debt, gross$50.0M$50.0M$50.0M$50.0M$50.0M$50.0M
Deferred offering costs—$100.0M————
Year one$109.6M$1.3M$61.1M$97.0M$161.7M$15.5M
Year four$65.9M$158.7M$110.8M$90.3M$43.5M$39.4M
Year five—$64.8M$67.9M$47.3M$45.9M$120.8M
Year two$67.9M$110.6M$104.8M$98.2M$95.7M$137.9M
Year three$159.0M$64.0M$69.4M$65.2M$62.2M$95.6M
Interest Reserves$1.3M$547.5K$243.4K$14.6K$12.7K$10.0K
Loan Held At Carrying Value Balance$398.1M$396.2M$409.6M$393.1M$403.9M$400.6M
Loans Held At Original Issue Discount$2.2M$2.1M$2.4M$1.9M$2.1M$4.4M
Loans Held At Principal Value$398.1M$396.2M$409.6M$393.1M$403.9M$400.6M
Loans Held For Investment Carrying Value$402.5M——$398.1M$409.0M$409.2M
Loans Held For Investment Original Issue Discount$2.2M——-$1.9M$2.1M$4.4M
2030$50.0M$50.0M$50.0M$50.0M$50.0M$50.0M
Other Commitment$20.9M$19.8M$16.6M$29.8M$31.1M$4.5M
Other receivables$459.2K$525.3K$423.0K$581.8K$874.2K$2.6M
Percentage Of Loans Held For Investment100.0%100.0%100.0%100.0%100.0%100.0%
Principal Amount Outstanding Of Loans Held In Portfolio$404.7M$401.5M$416.4M$399.9M$411.1M$413.6M
Real Estate Collaterals Coverage$402.5M$399.5M$414.0M$398.1M$409.0M$409.2M
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value$15.1$15.1$15.0$15.0$15.0$15.0
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares411.3K406.5K411.2K410.5K403.8K403.8K
Balance$6.3M$6.0M$5.7M$5.3M$5.0M$4.6M
Unfunded Commitments$20.9M$19.8M$16.6M$29.8M$31.1M$4.5M
Purchase Obligation$20.9M$19.8M$16.6M$29.8M$31.1M$4.5M