- Chicago Atlantic Real Estate Finance press release ( NASDAQ: REFI ): Q3 Non-GAAP EPS of $0.58.
- Revenue of $12.93M (+13.4% Q/Q) beats by $0.19M .
- 2022 Outlook: Adjusted Distributable Earnings is expected to be in a range of $2.01 to $2.05 per weighted average diluted common share, compared with a previous range of $1.95 to $2.00 for full year 2022 vs. consensus of $1.82.
- The Company’s leverage ratio (debt to book equity) is expected to be in the range of 25% to 35% by December 31, 2022.
- The regular quarterly cash dividend amount for the fourth quarter of 2022 is expected to be consistent with the $0.47 previously declared for the third quarter which would result in a full year 2022 regular cash dividend of $1.81.
- The Company anticipates that the current projected full year dividend would potentially require a special dividend to be declared in December 2022 to meet its 2022 taxable income distribution requirements.
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Chicago Atlantic Real Estate Finance reports Q3 earnings beat; raises FY22 guidance rage