Chicago Atlantic REFI Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, March 12, 2026 astatine 9:16 AM CDT 24 min read

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Thursday, March 12, 2026 astatine 9 a.m. ET

• Co-Chief Executive Officer — Peter Sack

• President and Chief Operating Officer — David Kite

• Chief Financial Officer — Phil Silverman

Peter Sack, Co-Chief Executive Officer; David Kite, President and Chief Operating Officer; and Phil Silverman, Chief Financial Officer. Our results were released this greeting successful our net property release, which tin beryllium recovered connected the Investor Relations conception of our website on with our supplemental filed with the SEC. A unrecorded audio webcast of this telephone is being made disposable today. For those who volition perceive to the replay of this webcast, we punctual you that the remarks made herein alternatively than contiguous volition not beryllium updated consequent to this call.

During this call, definite comments and statements we marque whitethorn beryllium deemed forward-looking statements wrong the meaning prescribed by the securities laws, including statements related to the aboriginal show of our portfolio, our pipeline and imaginable loans and different investments, aboriginal dividends, and financing activity. All forward-looking statements correspond Chicago Atlantic Real Estate Finance, Inc.'s judgement arsenic of the day of this league telephone and are taxable to risks and uncertainties that tin origin existent results to disagree materially from our existent expectations. Investors are urged to cautiously reappraisal assorted disclosures made by the company, including the hazard and different accusation disclosed successful the company's filings with the SEC.

We volition besides sermon definite non-GAAP measures including, but not constricted to, distributable earnings. Definitions of these non-GAAP measures and reconciliations to the astir comparable GAAP measures are included successful our filings with the SEC. I volition present crook the telephone implicit to Peter Sack. Please spell ahead.

Peter Sack: Thank you, Tripp, and bully morning, everyone. Chicago Atlantic Real Estate Finance, Inc. operates wrong a unsocial intersection of existent estate, credit, and the emerging assemblage of the U.S. cannabis industry. Our thesis is simple: use best-in-class assemblage expertise, highly developed relationship-based sourcing capabilities, and cardinal recognition and existent property concern principles to marque indebtedness investments successful an manufacture with constricted sources of indebtedness capital. We instrumentality vantage of constricted lending contention to structure, first, what we judge to beryllium differentiated downside hazard of elder secured positions, and, second, a highly outsized instrumentality illustration comparative to the broader recognition and existent property lending portfolios.