Chicago Atlantic Real Estate Finance, Inc. REFI
8.99 USD -0.13 (-1.43%)
Nov 5, 2026, 10:53 AM EST
9.02 Day range 9.22
8.59 52-week range 13.49
- YTD
- -26.67%
- 1 year
- -30.26%
- Market cap
- 231.49M
- Revenue (ttm)
- 56.86M
- Profit margin
- 67.75%
- EPS (ttm)
- 1.37
- Shares out
- 19.63M
- P/E ratio
- 6.59
- Forward P/E
- 8.31
- Dividend
- 1.88 (21.22%)
- Ex-dividend date
- Sep 29, 2024
- YTD return
- -26.67%
- 1-year return
- -30.26%
- Volume
- 24.74K
- Avg volume
- 194.55K
- Open
- 9.18
- Previous close
- 9.12
- Day's range
- 9.02 – 9.22
- 52-week range
- 8.59 – 13.49
- Beta
- 0.24
- Analysts
- Buy
- Price target
- 18.67 (+107.6%)
- Earnings date
- Aug 7, 2024
5D -0.03 (-0.33%)
Key statistics
- Enterprise value
- 361.00M
- PEG ratio
- 0.00
- Price / sales
- 5.51
- Price / book
- 1.06
- Dividend yield
- 11.77%
- Payout ratio
- 94.00%
- Revenue growth
- 12.10%
- Free cash flow
- 0
- Total cash
- 6.76M
- Total debt
- 54.00M
- Return on equity
- 13.49%
- Short % of float
- 1.26%
- 50-day average
- 15.75
- 200-day average
- 15.71
Analyst view
Consensus: buy
Buy
Price target (mean) 18.67 +107.6% upside
Now 8.99
- Target (low)
- 16.00
- Target (mean)
- 18.67
- Target (high)
- 22.00
Ratings (0m) 6 4 buy · 2 hold · 0 sell
- Strong buy1
- Buy3
- Hold2
- Sell0
- Strong sell0
Next earnings
Aug 7, 2024
Expected Aug 7, 2024. Consensus EPS estimate 0.56.
Financials — quick view
REFI Revenue — quarterly 12.83M
REFI Net income — quarterly 7.47M
REFI EPS — quarterly 0.35
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 7, 2024 | Sep 1, 2024 | 0.55 | 0.56 | +0.01 | +1.82% |
| Aug 7, 2024 | Jun 1, 2024 | 0.56 | — | — | — |
| Aug 7, 2024 | Jun 1, 2024 | 0.56 | 0.50 | -0.06 | -10.71% |
| May 7, 2024 | Mar 1, 2024 | 0.57 | — | — | — |
| May 7, 2024 | Mar 1, 2024 | 0.57 | 0.52 | -0.05 | -8.77% |
| Mar 12, 2024 | Dec 1, 2023 | 0.00 | 0.53 | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 19, 2024 | JMP Securities | reit | Market Outperform | Market Outperform |
| Dec 17, 2024 | Alliance Global Partners | init | — | Buy |
| Dec 9, 2024 | Zuanic & Associates | main | Overweight | Overweight |
| Apr 11, 2024 | Zuanic & Associates | init | — | Overweight |
| Mar 13, 2024 | JMP Securities | reit | Market Outperform | Market Outperform |
| Dec 5, 2023 | Zuanic & Associates | init | — | Overweight |
About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry. The company 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 headquartered in Chicago, Illinois.
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Country
- United States
- Website
- refi.reit
News
Citizens Maintains Market Outperform on Chicago Atlantic Real, Lowers Price Target to $16 
Chicago Atlantic REFI To Merge Into LIEN In All‑Stock Deal; LIEN To Remain Nasdaq‑Listed BDC And Trade Under Ticker LIEN 
Chicago Atlantic BDC: ~30% Discount to NAV, 14% Dividend Yield - Chicago Atlantic Real Q1 Adj. EPS $0.46 Beats $0.43 Estimate, Sales $13.124M Miss $15.381M Estimate
Earnings Scheduled For March 12, 2026 
Chicago Atlantic Expects To Maintain A Dividend Payout Ratio Based On Distributable Earnings Per Weighted Average Diluted Share Of Approximately 90% To 100% On A Full Year Basis. 
Chicago Atlantic Real Estate Finance Files For Offering Of Up To $452.1M Mixed Shelf - Chicago Atlantic Real Q3 Adj. EPS $0.49 Beats $0.44 Estimate, Sales $13.685M Miss $15.178M Estimate
Earnings Scheduled For November 4, 2025 
Chicago Atlantic Real Q2 Adj. EPS $0.51 Beats $0.47 Estimate, Sales $16.052M Beat $15.794M Estimate
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BODMEIER ANDREAS | President | Stock Award(Grant) | Mar 31, 2024 | 363,136 |
| CAPPELL ANTHONY | Chief Executive Officer | Stock Award(Grant) | Mar 31, 2024 | 356,209 |
| GULBRANDSEN DONALD E | President | Stock Award(Grant) | Mar 31, 2024 | 851,445 |
| HERBST FREDERICK C | Director | Stock Award(Grant) | Mar 31, 2024 | 19,475 |
| KONIGSBERG BRANDON | Director | Stock Award(Grant) | Mar 31, 2024 | 15,475 |
| MAZARAKIS JOHN MICHAEL | Officer and Director | Purchase | Nov 7, 2024 | 409,233 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 7.50% | 1,472,695 | 23.49M | Sep 29, 2024 |
| Vanguard Group Inc | 4.49% | 881,497 | 14.06M | Sep 29, 2024 |
| Fielder Capital Group LLC | 3.16% | 619,681 | 9.88M | Sep 29, 2024 |
| Tidal Investments, LLC | 2.47% | 485,610 | 7.75M | Sep 29, 2024 |
| State Street Corporation | 2.04% | 400,790 | 6.39M | Sep 29, 2024 |
| Corient Private Wealth LLC | 1.46% | 287,166 | 4.58M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 2.60% | 511,214 | 8.15M | Sep 29, 2024 |
| iShares Russell 2000 ETF | 2.25% | 442,528 | 7.06M | Oct 30, 2024 |
| Amplify ETF Tr-Amplify Alternative Harvest ETF | 1.94% | 380,246 | 6.06M | Sep 29, 2024 |
| iShares Mortgage Real Estate ETF | 1.34% | 263,024 | 4.20M | Oct 30, 2024 |
| Vanguard Extended Market Index Fund | 1.25% | 244,955 | 3.91M | Sep 29, 2024 |
| iShares Russell 2000 Value ETF | 0.81% | 159,913 | 2.55M | Oct 30, 2024 |