Brief: Chicago Atlantic Real Estate Finance Announces Third Quarter 2022 Financial Results

Chicago Atlantic Real Estate Finance

09/11/2022 12:15

Nov 9 (Reuters) - Chicago Atlantic Real Estate Finance
Inc  REFI.O :
    * CHICAGO ATLANTIC REAL ESTATE FINANCE ANNOUNCES THIRD
QUARTER
2022 FINANCIAL RESULTS
    * QTRLY  EARNINGS PER SHARE $0.55
    * QTRLY NET INTEREST INCOME OF APPROXIMATELY $12.9 MILLION,
REPRESENTING A SEQUENTIAL INCREASE OF 13.4%
    * QTRLY ADJUSTED DISTRIBUTABLE EARNINGS OF ABOUT $10.3
MILLION, OR
$0.58 PER WEIGHTED AVERAGE DILUTED COMMON SHARE
    * BOOK VALUE PER COMMON SHARE OF $15.23 AS OF SEPTEMBER 30,
2022
COMPARED WITH $15.13 AS OF JUNE 30, 2022
    * CHICAGO ATLANTIC REAL ESTATE FINANCE - SEES FY 2022
ADJUSTED
DISTRIBUTABLE EARNINGS IN A RANGE $2.01 TO $2.05 PER WEIGHTED
AVERAGE DILUTED COMMON SHARE
    * CO INCREASED ITS OUTLOOK FOR FULL YEAR 2022
    * Q3 EARNINGS PER SHARE VIEW $0.48, REVENUE VIEW $13.3
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX6FgQcC 
Further company coverage:  REFI.O 
 ((Reuters.Briefs@thomsonreuters.com))