The prospect of federal marijuana reform is growing investment and improving equity for Chicago Atlantic Real Estate Finance’s clients, senior management said Tuesday during the company’s fourth-quarter and full-year earnings call.
Net interest income for the Illinois-based cannabis real estate investment trust (REIT) grew to $57.1 million for the year ending Dec. 31, an increase of 17%, according to a news release.
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Its net interest income grew to $14.8 million in the fourth quarter compared to the previous quarter.
Chicago Atlantic’s net income was $9.4 million, or 51 cents per weighted average diluted share, in the fourth quarter.
That’s a decline of 5.8% compared to the previous quarter, which the company attributed to an increase in management and incentive fees.
The anticipation of
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