**Chicago Atlantic Real Estate Finance, Inc. Reports Q2 2024 Financial Results**

**Chicago Atlantic Real Estate Finance, Inc. Reports Q2 2024 Financial Results** **Overview** Chicago Atlantic Real Estate Finance, Inc. (CAREF) reported its financial results for the quarter ending June 30, 2024. **Key Financial Metrics** | Metric | Q2 2024 | Q2 2023 | Change (YoY) | Consensus Estimates | |-----------------------------------|------------|------------|--------------|---------------------| | Total Revenue | $16.24M | $15.87M | +2.33% | $16.24M | | Earnings Per Share (EPS) | $0.51 | $0.52 | -1.92% | $0.51 | Professional Interpretation: For Q2 2024, CAREF reported total revenue of $16.24M, marking a 2.33% increase from $15.87M in the same quarter of the previous year. The earnings per share (EPS) slightly declined by 1.92% from $0.52 to $0.51, meeting consensus estimates. The consistency in meeting revenue and EPS estimates indicates stable financial performance, despite slight operational challenges. **Segment Revenue Performance** | Segment | Q2 2024 Revenue | Q2 2023 Revenue | Change (YoY) | |--------------------------|-----------------|-----------------|--------------| | Floating Rate Loans | $12.40M | $12.75M | -2.75% | | Fixed Rate Loans | $3.84M | $3.12M | +23.08% | Professional Interpretation: The floating rate loans segment witnessed a slight decline of 2.75%, totaling $12.40M in Q2 2024 compared to $12.75M in Q2 2023. Conversely, the fixed rate loans segment increased by 23.08%, from $3.12M to $3.84M. This growth in fixed rate loans partially offset the decline in floating rate loans, contributing positively to the overall revenue. **Dividends and Share Repurchase Program** The company declared a regular quarterly dividend of $0.47 per common share, payable on July 15, 2024, to stockholders of record as of June 28, 2024. The total dividend payment amounted to approximately $9.3 million. There was no mention of a share repurchase program in the earnings release. **Stock Price Movement** Following the earnings release, Chicago Atlantic Real Estate Finance, Inc.'s stock price increased by approximately 0.13%. **Summary** Chicago Atlantic Real Estate Finance, Inc. demonstrated stable financial performance in Q2 2024, with a slight increase in total revenue and a minor decline in EPS. The company continues to generate positive returns from its fixed rate loan segment, which experienced robust growth. While the quarterly dividend was maintained, no forward guidance was provided, reflecting prudent capital management amidst uncertain market conditions. The positive movement in stock price post-earnings supports investors' confidence in CAREF's strategic direction and financial stability. --- The report has been organized into a clear and concise format, with unnecessary sections removed.