Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Q1 2024 Results Conference Call May 7, 2024 9:00 AM ET

Company Participants

Tripp Sullivan - IR, SCR Partners
John Mazarakis - Executive Chairman
Peter Sack - Co-President, Director
Phil Silverman - Interim Chief Financial Officer, Company Secretary

Conference Call Participants

Mark Smith - Lake Street Capital Markets

Operator

Good day, and thank you for standing by. Welcome to the Chicago Atlantic Real Estate Financing First Quarter 2024 Earnings Call. [Operator Instructions]. Please be advised that today's conference is being recorded.

And I would now like to hand the conference over to your first speaker today, Tripp Sullivan with Investor Relations. You may begin.

Tripp Sullivan

Thank you. Good morning. Welcome to the Chicago Atlantic Real Estate Finance Conference Call to review the company's results. On the call today will be John Mazarakis, Executive Chairman; Peter Sack, Co-Chief Executive Officer; and Phil Silverman, Chief Financial Officer.

Our results were released this morning in our earnings press release, which can be found on the Investor Relations section of our website along with our supplemental filed with the SEC. A live audio webcast of this call is being made available today. For those who listen to the replay of this webcast, we remind you that the remarks made herein are as of today and will not be updated subsequent to this call.

During this call, certain comments and statements we make may be deemed forward-looking statements within the meaning prescribed by the securities laws, including statements related to the future performance of our portfolio, our pipeline of potential loans and other investments, future dividends, and financing activities.

All forward-looking statements represent Chicago Atlantic's judgment as of the date of this conference call and are subject to risks and uncertainties that can cause actual results to differ materially from our current expectations. Investors are urged to carefully review various disclosures made by the company, including the risk and other information disclosed in the company's filings with the SEC.

We also will discuss certain non-GAAP measures, including, but not limited to, distributable earnings and adjusted distributable earnings. Definitions of these non-GAAP measures and reconciliations to the most comparable GAAP measures are included in our filings with the SEC.

I'll now turn the call over to John Mazarakis. Please go ahead.

John Mazarakis

Thanks, Tripp. Good morning, everyone. We started 2024 much like we ended 2023, growing the loan portfolio in a disciplined fashion, maintaining strong credit quality and an attractive weighted average portfolio yield and diversifying across operators and states.