Chicago Atlantic Q3 distributable earnings $0.49 a share; GAAP net income falls
Chicago Atlantic Real Estate Finance reported third quarter 2026 results, with diluted distributable earnings of $0.49 per share, equal to the year-earlier figure and up from $0.43 in the second quarter. GAAP net income fell to $6.4 million, or $0.25 per share, from $8.9 million, or $0.42 per share, a year earlier, as net interest income and credit loss provisions weighed on results. The company's pending merger into Chicago Atlantic BDC and its dividend outlook remain key factors for shareholders.
Key points
- Diluted distributable earnings were $0.49 per share for the quarter ended September 30, 2026, compared with $0.49 a year earlier and $0.43 in the June 30, 2026 quarter.
- GAAP net income was $6.4 million ($0.25 per diluted share), down from $8.9 million in the year-earlier quarter; net interest income was $12.5 million versus $13.7 million.
- Provision for current expected credit losses was $2.8 million, compared with $0.6 million a year earlier.
- Distributable earnings now include Koach Note income beginning in the third quarter of 2026, a definitional change the company says has no impact on prior-period comparisons; the company expects a 2026 dividend payout of 90% to 100% of dist
The filing
Written by AI on Nov 10, 2026, 7:11 AM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.