REFI
Chicago Atlantic Real Estate Finance, Inc.
Price Chart
Latest Quote
$11.45
+0.34 (+3.06%)
Current Price
| Previous Close | $11.11 |
| Open | $11.37 |
| Day High | $11.45 |
| Day Low | $11.24 |
| Volume | 320,151 |
Stock Information
| Quarterly Dividend / Yield | $1.88 / 16.43% |
| Shares Outstanding | 21.31M |
| Quarterly Dividend Yield | 16.43% |
| Quarterly Dividend | $1.88 |
| Total Debt | $116.44M |
| Cash Equivalents | $27.86M |
| Revenue | $49.83M |
| Net Income | $30.81M |
| Sector | Real Estate |
| Industry | REIT - Mortgage |
| Market Cap | $244.05M |
| P/E Ratio | 7.95 |
| EPS (TTM) | $1.44 |
| Exchange | NGM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $331.41M |
| Sales | $49.83M |
| Income | $30.81M |
| Book/sh | $14.39 |
| Cash/sh | $1.31 |
Financial Ratios
| Quick Ratio | 30.37 |
| Current Ratio | 30.37 |
| Debt/Eq | 38.38 |
| EPS Growth TTM | -51.80% |
Returns & Margins
| ROA | 7.24% |
| ROE | 10.03% |
| Gross Margin | 100.00% |
| Operating Margin | 54.34% |
| Profit Margin | 61.83% |
Ownership
| Insider Ownership | 13.26% |
| Institutional Ownership | 32.39% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 5.96 |
| P/S | 4.90 |
| P/B | 0.80 |
Analyst Data
| Recommendation | none |
| Target Price | $16.38 |
Technical Indicators
| SMA20 | $11.30 |
| SMA50 | $11.59 |
| SMA200 | $11.73 |
| RSI | 52.25 |
| ATR | 0.2211 |
| Shares Float | 17.97M |
| Short Float | 5.15% |
| Short Ratio | 6.70 |
| Volatility | 0.30 |
| Rel Volume | 2.58 |
Performance History
| Week | +1.24% |
| Month | +1.60% |
| Quarter | -4.09% |
| 6 Months | -4.78% |
| YTD | -2.68% |
| Year | -6.28% |
| 3 Years | +11.50% |
| 10 Years | +24.67% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $11.45 | 320,100 |
| 2026-06-17 | $11.11 | 285,500 |
| 2026-06-16 | $11.18 | 145,400 |
| 2026-06-15 | $11.03 | 169,200 |
| 2026-06-12 | $11.37 | 71,200 |
| 2026-06-11 | $11.31 | 56,900 |
| 2026-06-10 | $11.36 | 61,600 |
| 2026-06-09 | $11.36 | 102,500 |
| 2026-06-08 | $11.24 | 74,600 |
| 2026-06-05 | $11.28 | 98,100 |
| 2026-06-04 | $11.30 | 81,000 |
| 2026-06-03 | $11.06 | 113,200 |
| 2026-06-02 | $11.28 | 106,000 |
| 2026-06-01 | $11.26 | 120,100 |
| 2026-05-29 | $11.37 | 132,900 |
| 2026-05-28 | $11.48 | 142,700 |
| 2026-05-27 | $11.50 | 90,100 |
| 2026-05-26 | $11.32 | 122,500 |
| 2026-05-22 | $11.30 | 104,800 |
| 2026-05-21 | $11.41 | 79,300 |
| 2026-05-20 | $11.39 | 135,500 |
| 2026-05-19 | $11.27 | 154,200 |
About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States. It engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company's loan portfolio is comprised of senior loans to state-licensed operators in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is based in Miami Beach, Florida.
đ° Latest News
Chicago Atlantic Real Estate Finance Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-08T23:05:56Z
Chicago Atlantic Real Estate Finance, Inc. (REFI) Misses Q1 Earnings and Revenue Estimates
Zacks âĸ 2026-05-07T12:50:04Z
NerdWallet, Inc. (NRDS) Q1 Earnings Top Estimates
Zacks âĸ 2026-05-07T01:45:09Z
This Chicago Atlantic Real Estate Finance Insider Increased Their Holding In The Last Year
Simply Wall St. âĸ 2026-05-05T15:48:47Z
ChoiceOne Financial Services, Inc. (COFS) Q1 Earnings Surpass Estimates
Zacks âĸ 2026-04-24T12:40:01Z
Best Income Stocks to Buy for April 13th
Zacks âĸ 2026-04-13T12:23:00Z
New Strong Buy Stocks for April 13th
Zacks âĸ 2026-04-13T09:03:00Z
Top Affordable REITs to Boost Your Portfolio Income
Zacks âĸ 2026-04-09T22:14:00Z
Chicago Atlantic Real Estate Finance (REFI) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
Zacks âĸ 2026-04-03T13:55:01Z
Oppenheimer Lowers Chicago Atlantic Real Estate Finance, Inc. (REFI) from Outperform to Perform
Insider Monkey âĸ 2026-04-01T16:57:07Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $55,555,399 | $54,782,709 | $57,327,489 | $48,857,628 |
| Operating Revenue | $55,555,399 | $54,782,709 | $57,327,489 | $48,857,628 |
| Expenses | ||||
| Interest Expense | $7,545,641 | $7,153,207 | $5,752,908 | $2,614,138 |
| General And Administrative Expense | $8,673,312 | $8,447,641 | $6,740,023 | $3,963,945 |
| Professional Expense And Contract Services Expense | $1,938,422 | $1,811,067 | $2,153,999 | $2,151,714 |
| Other Non Interest Expense | $8,202,136 | $8,061,896 | $8,782,834 | $6,562,087 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Net Interest Income | $55,390,399 | $54,950,885 | $57,147,096 | $48,857,628 |
| Interest Income | $62,936,040 | $62,104,092 | $62,900,004 | $51,471,766 |
| Normalized Income | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Net Income From Continuing And Discontinued Operation | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Net Income Common Stockholders | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Net Income | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Net Income Including Noncontrolling Interests | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Net Income Continuous Operations | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Pretax Income | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Per Share | ||||
| Diluted EPS | $1.68 | $1.88 | $2.11 | $1.82 |
| Basic EPS | $1.71 | $1.92 | $2.14 | $1.83 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Diluted Average Shares | $21,431,650 | $19,713,916 | $18,343,725 | $17,746,214 |
| Basic Average Shares | $21,003,635 | $19,279,501 | $18,085,088 | $17,653,765 |
| Diluted NI Availto Com Stockholders | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
| Tax Provision | $0 | $0 | $0 | $0 |
| Gain On Sale Of Security | $165,000 | $-168,176 | $180,393 | $0 |
| Selling General And Administration | $8,673,312 | $8,447,641 | $6,740,023 | $3,963,945 |
| Other Gand A | $5,304,451 | $5,388,967 | $5,260,287 | $3,528,322 |
| Salaries And Wages | $3,368,861 | $3,058,674 | $1,479,736 | $435,623 |
Fetched: 2026-06-18
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $307,814,476 | $308,958,097 | $271,853,391 | $264,033,023 |
| Total Assets | $424,915,648 | $435,148,974 | $359,225,597 | $343,271,050 |
| Receivables | $5,199,737 | $4,824,162 | $1,111,365 | $1,204,412 |
| Accounts Receivable | $4,009,800 | $1,453,823 | $1,004,140 | $1,204,412 |
| Cash And Cash Equivalents | $14,948,884 | $26,400,448 | $7,898,040 | $5,715,827 |
| Cash Cash Equivalents And Federal Funds Sold | $14,948,884 | $26,400,448 | $7,898,040 | $5,715,827 |
| Other Receivables | - | - | - | $1,018,212 |
| Cash Financial | - | - | - | $5,715,827 |
| Debt | ||||
| Net Debt | $83,485,575 | $77,695,802 | $58,101,960 | $52,284,173 |
| Total Debt | $98,434,459 | $104,096,250 | $66,000,000 | $58,000,000 |
| Long Term Debt And Capital Lease Obligation | $49,334,459 | $49,096,250 | $66,000,000 | $58,000,000 |
| Long Term Debt | $49,334,459 | $49,096,250 | $66,000,000 | $58,000,000 |
| Current Debt And Capital Lease Obligation | $49,100,000 | $55,000,000 | $66,000,000 | $58,000,000 |
| Current Debt | $49,100,000 | $55,000,000 | $66,000,000 | $58,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $117,101,172 | $126,190,877 | $87,372,206 | $79,238,027 |
| Payables And Accrued Expenses | $17,819,050 | $19,660,735 | $19,161,962 | $18,311,706 |
| Payables | $17,819,050 | $19,660,735 | $19,161,962 | $18,311,706 |
| Other Payable | $3,098,576 | $2,863,158 | $3,243,775 | $3,295,600 |
| Dividends Payable | $11,157,220 | $13,605,153 | $13,866,656 | $13,618,591 |
| Accounts Payable | $1,348,334 | $1,149,021 | $1,135,355 | $1,058,128 |
| Non Current Deferred Liabilities | - | - | - | $1,868,193 |
| Equity | ||||
| Common Stock Equity | $307,814,476 | $308,958,097 | $271,853,391 | $264,033,023 |
| Total Equity Gross Minority Interest | $307,814,476 | $308,958,097 | $271,853,391 | $264,033,023 |
| Stockholders Equity | $307,814,476 | $308,958,097 | $271,853,391 | $264,033,023 |
| Retained Earnings | $-15,522,181 | $-10,136,963 | $-5,811,673 | $-5,139,684 |
| Other | ||||
| Ordinary Shares Number | $21,080,272 | $20,829,228 | $18,197,192 | $17,766,936 |
| Share Issued | $21,080,272 | $20,829,228 | $18,197,192 | $17,766,936 |
| Tangible Book Value | $307,814,476 | $308,958,097 | $271,853,391 | $264,033,023 |
| Invested Capital | $406,248,935 | $413,054,347 | $337,853,391 | $322,033,023 |
| Total Capitalization | $357,148,935 | $358,054,347 | $337,853,391 | $322,033,023 |
| Additional Paid In Capital | $323,125,854 | $318,886,768 | $277,483,092 | $268,995,848 |
| Capital Stock | $210,803 | $208,292 | $181,972 | $176,859 |
| Common Stock | $210,803 | $208,292 | $181,972 | $176,859 |
| Long Term Provisions | $12,686 | $1,297,878 | $1,074,889 | $1,868,193 |
| Line Of Credit | $49,100,000 | $55,000,000 | $66,000,000 | $58,000,000 |
| Investments And Advances | - | - | $842,269 | - |
| Available For Sale Securities | - | - | $842,269 | - |
| Non Current Deferred Revenue | - | - | - | $1,868,193 |
Fetched: 2026-06-18
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $28,792,608 | $23,159,376 | $28,416,459 | $17,005,155 |
| Operating Activities | ||||
| Operating Cash Flow | $28,792,608 | $23,159,376 | $28,416,459 | $17,005,155 |
| Cash Flow From Continuing Operating Activities | $28,792,608 | $23,159,376 | $28,416,459 | $17,005,155 |
| Operating Gains Losses | - | $-72,428 | $-104,789 | - |
| Investing Activities | ||||
| Investing Cash Flow | $8,736,720 | $-39,296,863 | $-1,925,416 | $-125,244,044 |
| Cash Flow From Continuing Investing Activities | $8,736,720 | $-39,296,863 | $-1,925,416 | $-125,244,044 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $1,033,474 | $39,591,879 | $7,222,363 | $4,505,664 |
| Financing Cash Flow | $-48,980,892 | $34,639,895 | $-24,308,830 | $33,706,190 |
| Cash Flow From Continuing Financing Activities | $-48,980,892 | $34,639,895 | $-24,308,830 | $33,706,190 |
| Net Other Financing Charges | $-270,737 | $-2,319,621 | $-396,853 | $-625,540 |
| Cash Dividends Paid | $-43,843,629 | $-41,632,363 | $-39,134,340 | $-28,173,934 |
| Common Stock Dividend Paid | $-43,843,629 | $-41,632,363 | $-39,134,340 | $-28,173,934 |
| Net Common Stock Issuance | $1,033,474 | $39,591,879 | $7,222,363 | $4,505,664 |
| Common Stock Issuance | $1,033,474 | $39,591,879 | $7,222,363 | $4,505,664 |
| Other | ||||
| Repayment Of Debt | $-148,000,000 | $-170,000,000 | $-74,000,000 | $0 |
| Issuance Of Debt | $142,100,000 | $209,000,000 | $82,000,000 | $58,000,000 |
| Income Tax Paid Supplemental Data | $6,939,666 | $6,205,623 | $5,031,492 | $1,660,993 |
| End Cash Position | $14,948,884 | $26,400,448 | $7,898,040 | $5,715,827 |
| Beginning Cash Position | $26,400,448 | $7,898,040 | $5,715,827 | $80,248,526 |
| Changes In Cash | $-11,451,564 | $18,502,408 | $2,182,213 | $-74,532,699 |
| Net Issuance Payments Of Debt | $-5,900,000 | $39,000,000 | $8,000,000 | $58,000,000 |
| Net Long Term Debt Issuance | $-5,900,000 | $39,000,000 | $8,000,000 | $58,000,000 |
| Long Term Debt Payments | $-148,000,000 | $-170,000,000 | $-74,000,000 | $0 |
| Long Term Debt Issuance | $142,100,000 | $209,000,000 | $82,000,000 | $58,000,000 |
| Interest Paid Cfo | $-6,162,563 | $-9,147,837 | $-9,458,215 | $-6,920,388 |
| Change In Working Capital | $-1,844,204 | $-6,780,694 | $19,109 | $-10,378,720 |
| Change In Other Working Capital | $-1,285,192 | $-3,971,608 | $-793,304 | $-13,818,194 |
| Change In Payables And Accrued Expense | $290,076 | $718,455 | $770,741 | $4,552,225 |
| Change In Payable | $290,076 | $718,455 | $770,741 | $4,552,225 |
| Change In Account Payable | $-116,859 | $1,107,200 | $168,550 | $764,233 |
| Change In Receivables | $-849,088 | $-3,527,541 | $41,672 | $-1,112,751 |
| Changes In Account Receivables | $-2,555,977 | $-449,683 | $200,272 | $-1,006,677 |
| Other Non Cash Items | $-1,365,150 | $839,093 | $-661,876 | $-6,920,388 |
| Stock Based Compensation | $3,368,861 | $3,058,674 | $1,479,736 | $435,623 |
| Unrealized Gain Loss On Investment Securities | $-165,000 | $240,604 | $-75,604 | $0 |
| Gain Loss On Investment Securities | $0 | $-72,428 | $-104,789 | $0 |
| Net Income From Continuing Operations | $36,010,478 | $37,045,403 | $38,710,248 | $32,292,477 |
Fetched: 2026-06-18