Chicago Atlantic Real Estate Finance Inc. (NASDAQ:REFI), a cannabis-focused commercial real estate finance company, announced Wednesday its financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights Net interest income held steady at approximately $13.2 million, mirroring the first quarter of 2024. Interest expenses fell by about $0.3 million due to reduced average borrowings during the quarter. Total expenses rose to roughly $4.3 million before accounting for expected credit losses, up 3.6% sequentially, mainly due to increased stock-based compensation from new restricted stock awards in April 2024. Net income reached about $9.2 million, or $0.46 per weighted average diluted share, marking a 2.1% decrease per share from the previous quarter. The reserve for expected credit losses decreased by $0.3 million to $5.1 million, representing 1.3% of the total portfolio principal of $383.3 million as of June 30, 2024. Distributable earnings were approximately $9.8 million, or $0.50 per diluted share, showing a 3.8% per share decrease sequentially. Book value per common share was $14.92 on June 30, 2024, slightly ...