Operating Expenses
Incentive Fee Expense
Chicago Atlantic Real Estate Finance Incentive Fee Expense increased by 82.5% to $518.49K in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.5%, from $526.31K to $518.49K. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026May 7, 2026
How to read this metric
Higher values are generally expected when performance fees are high, indicating a successful alignment of incentives.
Detailed definition
Reflects the variable compensation expenses paid to employees or third parties tied to the performance of specific funds...
Peer comparison
Standard for asset managers; peers report this as 'incentive compensation' or 'performance-related compensation'.
Metric ID:
operating_expenses_incentive_fee_expenseHistorical Data
14 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $671.51K | $1.25M | $519.22K | $5.06M | $1.11M | $874.85K | $545.97K | $696.50K | $682.77K | $606.74K | $526.31K | $841.95K | $284.14K | $518.49K |
| QoQ Change | — | +85.8% | -58.4% | +874.9% | -78.0% | -21.3% | -37.6% | +27.6% | -2.0% | -11.1% | -13.3% | +60.0% | -66.3% | +82.5% |
| YoY Change | — | — | — | — | +65.5% | -29.9% | +5.2% | -37.3% | -22.0% | +11.1% | -24.4% | +23.3% | -53.2% | -1.5% |
Range$284.14K – $5.06M
CAGR-7.6%
Avg YoY Growth-6.3%
Median YoY Growth-11.7%
Incentive Fee Expense at Other Companies
Frequently Asked Questions
- What is Chicago Atlantic Real Estate Finance's incentive fee expense?
- Chicago Atlantic Real Estate Finance (REFI) reported incentive fee expense of $518.49K in Q1 2026.
- How has Chicago Atlantic Real Estate Finance's incentive fee expense changed year-over-year?
- Chicago Atlantic Real Estate Finance's incentive fee expense decreased by 1.5% year-over-year, from $526.31K to $518.49K.
- What does incentive fee expense mean?
- Variable compensation costs linked to investment performance.