Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) net income in 2022 was approximately $32.3 million, or $1.82 per weighted average diluted common share.
Q4 2022 Financial Highlights
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Net interest income of approximately $14.8 million, representing a sequential increase of 14.1%;
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Net income of approximately $7.3 million, or $0.41 per weighted average diluted common share, representing a sequential decrease of 25.7%;
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Distributable earnings of approximately $10.0 million, or $0.57 per weighted average diluted common share, representing a sequential decrease of 1.7%.
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Book value per common share of $14.86 as of December 31, 2022 compared with $15.23 as of September 30, 2022, primarily due to the special dividend of $0.29 per share declared in the fourth quarter.
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As of December 31, 2022, the company had borrowed $58.0 million on its $92.5 million secured credit facility, resulting in a leverage ratio of approximately 22%.
Full Year 2022 Financial Highlights
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Net interest income of approximately $48.9 million.
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Distributable earnings of approximately $37.2 million, or $2.10 per weighted average diluted common …