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REFI US​
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  • Home
  • AI Agent
  • Annotations
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  • Pricing and plans
  • BlogAboutContact us
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    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

REFI US​
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Chicago Atlantic Real Estate Finance, Inc.(REFI US)

$9.26+0.404.51%Ext:$9.30+0.040.39%(After Hours · 22:21:59 UTC)
ProfileFinancialsChartingShort InterestEmployees

Overview

Profile

Financials & Metrics

FinancialsChartingShort InterestEmployees

Chicago Atlantic Real Estate Finance, Inc.(REFI US)

$9.26+0.404.51%Ext:$9.30+0.040.39%(After Hours · 22:21:59 UTC)
ProfileFinancialsChartingShort InterestEmployees

Overview

Profile

Financials & Metrics

FinancialsChartingShort InterestEmployees
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Chicago Atlantic Real Estate Finance, Inc. — Company Profile

Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.

Sector
Real Estate
Industry
Specialized REITs
Exchange
UQ
CEO
Anthony Robert Cappell
Headquarters
Miami Beach, FL, US
IPO Date
Dec 8, 2021
Website
investors.refi.reit

Key Metrics

Price
$10.06
Market Cap
$214.42M
Revenue (TTM)
$15.16M
Net Income (TTM)
$4.84M
EPS (TTM)
0.23
P/E (TTM)
6.96
P/B (TTM)
0.71
Dividend Yield
16.61%
ROE (TTM)
1.60%
ROA (TTM)
1.11%
Operating Margin
45.37%
Beta
0.38

Dividends

Last Dividend
$0.47
Last Yield
0.17%

Summary

Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.

Website
investors.refi.reit
Location
Miami Beach, FL, US
Phone312 809 7002
Employees0
CEOAnthony Robert Cappell
Sector
Real Estate
Industry
Specialized REITs
IPO DateDec 8, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

News

  • What Chicago Atlantic Real Estate Finance (REFI) Said on Its Q3 Earnings Call02:18PM
  • Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 2026 Earnings Call Transcript01:30PM
  • Chicago Atlantic Real Estate Finance Announces Third Quarter 2026 Financial Results07:00AM
  • 18 Ideal 'Safer' DiviDog Buys Readers Tagged In September21 Oct
  • Chicago Atlantic Real Estate Finance Schedules Third Quarter 2026 Earnings Release and Conference Call Date20 Oct
  • Reviewing Chicago Atlantic Real Estate Finance (NASDAQ:REFI) and Ladder Capital (NYSE:LADR)19 Oct
  • High-Yield REITs vs. 10-Year Treasuries: Which Is the Better Buy?16 Oct
  • Buy 7 October Dividend Power Dogs If You Dare14 Oct
  • Marijuana Stocks And The Cannabis Industry: What Investors Should Watch9 Oct
  • Chicago Atlantic Real Estate Finance: A Lower Yield Can Still Work18 Sep
  • Chicago Atlantic: Leaves A Lot To Be Desired17 Sep
  • Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 202616 Sep
  • 3 High-Dividend Marijuana Stocks to Watch in September 202610 Sep
  • Chicago Atlantic BDC, Inc. Reports Second Quarter 2026 Financial Results13 Aug
  • Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2026 Earnings Call Transcript11 Aug
  • Chicago Atlantic Real Estate Finance Q2 Earnings Call Highlights11 Aug
  • Chicago Atlantic Real Estate Finance, Inc. (REFI) Lags Q2 Earnings and Revenue Estimates11 Aug

Key Stats

Trading

Px/Chg 1D$10.06 / +1.31%
Avg Volume163.19K
Beta0.38
Mkt Cap214.42M
FD Mkt Cap231.69M

Float

Shrs Out/Float21.31M / 18.49M
Short Float0.07%
Days to Cover4.52
Stock Repurchased$0.00

Current Valuation

EV303.01M
EV/EBITDA20.15
EV/Sales5.09
P/B0.71
P/S3.60
FCF Yield1.48%
ROE1.60%
ROA1.11%
Current Ratio0.40

Dividend

Cash$0.47
Yield16.61%
Yield (TTM)16.61%

Estimates

P/E6.96
Est P/E0.00
Est EPS0.48
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings19.727.717.457.6031.5444.30
Price / Sales9.085.095.035.1416.0114.14
Price / Book Value0.890.941.060.910.840.71
Price / Free Cash Flow28.8414.6410.1512.1539.4767.77
ENTERPRISE VALUE METRICS
Enterprise Value330.1301.2346.6359.2340.8303.0
Enterprise Value / Sales11.996.166.056.5621.2019.98
Enterprise Value / EBITDA17.160.000.000.0041.7844.04
Enterprise Value / EBIT17.160.000.000.0041.7844.04

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue44.5%14.548.957.354.863.1
Gross Income40.1%14.248.957.354.854.8
EBITDA—----36.0
EBIT—----36.0
Net Income29.9%12.732.338.737.036.0
EPS (Diluted)32.8%0.541.822.111.881.68
BALANCE SHEET
Cash & ST Inv-34.3%80.25.77.926.414.9
Total Assets11.2%278.2343.3359.2435.1424.9
Total Liabilities69.8%14.179.287.4126.2117.1
Total Shareholder Equity3.9%264.1264.0271.9309.0307.8
CASH FLOW
Net Operating Cash Flow44.1%6.717.028.423.228.8
Cap Ex—0.00.0-0.0-
Free Cash Flow44.1%6.717.028.423.228.8

Enterprise Value Bridge

Millions USD10 Nov '26
Price (As of 10 Nov '26)9.25
Basic Shares21.31
Market Cap197.2
Diluted Shares21.71
Fully Diluted Shares Outstanding21.71
Fully Diluted Market Cap200.9
+Consolidated Debt140.5
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-13.4
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value324.3

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Chicago Atlantic Real Estate Finance, Inc. — Company Profile

Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.

Sector
Real Estate
Industry
Specialized REITs
Exchange
UQ
CEO
Anthony Robert Cappell
Headquarters
Miami Beach, FL, US
IPO Date
Dec 8, 2021
Website
investors.refi.reit

Key Metrics

Price
$10.06
Market Cap
$214.42M
Revenue (TTM)
$15.16M
Net Income (TTM)
$4.84M
EPS (TTM)
0.23
P/E (TTM)
6.96
P/B (TTM)
0.71
Dividend Yield
16.61%
ROE (TTM)
1.60%
ROA (TTM)
1.11%
Operating Margin
45.37%
Beta
0.38

Dividends

Last Dividend
$0.47
Last Yield
0.17%

Summary

Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.

Website
investors.refi.reit
Location
Miami Beach, FL, US
Phone312 809 7002
Employees0
CEOAnthony Robert Cappell
Sector
Real Estate
Industry
Specialized REITs
IPO DateDec 8, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

News

  • What Chicago Atlantic Real Estate Finance (REFI) Said on Its Q3 Earnings Call02:18PM
  • Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 2026 Earnings Call Transcript01:30PM
  • Chicago Atlantic Real Estate Finance Announces Third Quarter 2026 Financial Results07:00AM
  • 18 Ideal 'Safer' DiviDog Buys Readers Tagged In September21 Oct
  • Chicago Atlantic Real Estate Finance Schedules Third Quarter 2026 Earnings Release and Conference Call Date20 Oct
  • Reviewing Chicago Atlantic Real Estate Finance (NASDAQ:REFI) and Ladder Capital (NYSE:LADR)19 Oct
  • High-Yield REITs vs. 10-Year Treasuries: Which Is the Better Buy?16 Oct
  • Buy 7 October Dividend Power Dogs If You Dare14 Oct
  • Marijuana Stocks And The Cannabis Industry: What Investors Should Watch9 Oct
  • Chicago Atlantic Real Estate Finance: A Lower Yield Can Still Work18 Sep
  • Chicago Atlantic: Leaves A Lot To Be Desired17 Sep
  • Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 202616 Sep
  • 3 High-Dividend Marijuana Stocks to Watch in September 202610 Sep
  • Chicago Atlantic BDC, Inc. Reports Second Quarter 2026 Financial Results13 Aug
  • Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2026 Earnings Call Transcript11 Aug
  • Chicago Atlantic Real Estate Finance Q2 Earnings Call Highlights11 Aug
  • Chicago Atlantic Real Estate Finance, Inc. (REFI) Lags Q2 Earnings and Revenue Estimates11 Aug

Key Stats

Trading

Px/Chg 1D$10.06 / +1.31%
Avg Volume163.19K
Beta0.38
Mkt Cap214.42M
FD Mkt Cap231.69M

Float

Shrs Out/Float21.31M / 18.49M
Short Float0.07%
Days to Cover4.52
Stock Repurchased$0.00

Current Valuation

EV303.01M
EV/EBITDA20.15
EV/Sales5.09
P/B0.71
P/S3.60
FCF Yield1.48%
ROE1.60%
ROA1.11%
Current Ratio0.40

Dividend

Cash$0.47
Yield16.61%
Yield (TTM)16.61%

Estimates

P/E6.96
Est P/E0.00
Est EPS0.48
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings19.727.717.457.6031.5444.30
Price / Sales9.085.095.035.1416.0114.14
Price / Book Value0.890.941.060.910.840.71
Price / Free Cash Flow28.8414.6410.1512.1539.4767.77
ENTERPRISE VALUE METRICS
Enterprise Value330.1301.2346.6359.2340.8303.0
Enterprise Value / Sales11.996.166.056.5621.2019.98
Enterprise Value / EBITDA17.160.000.000.0041.7844.04
Enterprise Value / EBIT17.160.000.000.0041.7844.04

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue44.5%14.548.957.354.863.1
Gross Income40.1%14.248.957.354.854.8
EBITDA—----36.0
EBIT—----36.0
Net Income29.9%12.732.338.737.036.0
EPS (Diluted)32.8%0.541.822.111.881.68
BALANCE SHEET
Cash & ST Inv-34.3%80.25.77.926.414.9
Total Assets11.2%278.2343.3359.2435.1424.9
Total Liabilities69.8%14.179.287.4126.2117.1
Total Shareholder Equity3.9%264.1264.0271.9309.0307.8
CASH FLOW
Net Operating Cash Flow44.1%6.717.028.423.228.8
Cap Ex—0.00.0-0.0-
Free Cash Flow44.1%6.717.028.423.228.8

Enterprise Value Bridge

Millions USD10 Nov '26
Price (As of 10 Nov '26)9.25
Basic Shares21.31
Market Cap197.2
Diluted Shares21.71
Fully Diluted Shares Outstanding21.71
Fully Diluted Market Cap200.9
+Consolidated Debt140.5
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-13.4
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value324.3

Related companies

Prologis, Inc.

PLD US

Equinix Inc

EQIX US

American Tower Corp /MA/

AMT US

Ventas, Inc.

VTR US

Goodman Group

GMGSF US

Crown Castle Inc.

CCI US

Extra Space Storage Inc.

EXR US

Vici Properties Inc.

VICI US

Equity Residential

0IIB LN

JSC National Atomic Company Kazatomprom

NATKY US

Essex Property Trust, Inc.

ESS US

Sba Communications Corp

SBAC US