Chicago Atlantic Real Estate Finance, Inc. Earnings Per Share Disclosure
12. EARNINGS PER SHARE
The following information sets forth the computations of basic earnings per common share for the years ended December 31, 2025 and 2024:
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For the twelve months ended |
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2025 |
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2024 |
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Net income attributable to common stockholders |
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$ |
36,010,478 |
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$ |
37,045,403 |
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Divided by: |
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Basic weighted average shares of common stock outstanding |
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21,003,635 |
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19,279,501 |
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Diluted weighted average shares of common stock outstanding |
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21,431,650 |
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19,713,916 |
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Weighted average earnings per common share |
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$ |
1.71 |
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$ |
1.92 |
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Weighted average earnings per common share - diluted |
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$ |
1.68 |
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$ |
1.88 |
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There were no anti-dilutive shares excluded from the computations of earnings per common share.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 12, 2025 | |
| 2023 | Mar 12, 2024 | |
| 2022 | Mar 9, 2023 | |
| 2021 | Apr 14, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.