Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: CAFS) is a commercial mortgage real estate investment trust that originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company's primary investment objective is to provide attractive, risk-adjusted returns to stockholders through consistent current income dividends and capital appreciation. The company website is www.chicagoatlanticrealestate.com.

The company's current portfolio is comprised primarily of senior loans to state-licensed operators in the cannabis industry, secured by real estate, equipment, receivables, licenses, and other assets of borrowers to the extent permitted by applicable state laws and regulations. The company aims to maintain a diversified portfolio across jurisdictions and verticals, including cultivators, processors, dispensaries, and ancillary businesses. Loans are generally structured with terms ranging from one to five years and typically include required amortization payments throughout the loan term. As of December 31, 2025, the company's loan portfolio achieved a weighted average yield to maturity of 16.3% and a weighted average maturity of 2.2 years.

Chicago Atlantic Real Estate Finance is externally managed by Chicago Atlantic REIT Manager, LLC, an affiliate of Chicago Atlantic Group, LP, an alternative investment manager focused on industries where demand for capital exceeds traditional supply. The manager's investment professionals collectively possess over 100 years of combined experience in private credit, real estate lending, and related fields, having originated, underwritten, and managed over $8.0 billion in credit and real estate transactions. The manager and its affiliates have originated and closed more than 100 loans totaling approximately $2.6 billion to cannabis industry companies since making their first cannabis loan in April 2019.

The company was incorporated in Maryland on March 30, 2021, and completed its initial public offering in December 2021. It has elected to be taxed as a real estate investment trust for federal income tax purposes and qualifies as an emerging growth company under the Jumpstart Our Business Startups Act. The company may also invest opportunistically in companies and properties unrelated to the cannabis industry that provide consistent return characteristics, as well as in mezzanine loans, preferred equity, or other joint venture equity structures consistent with its investment company exemption and REIT qualification requirements.