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REFI Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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Intellectia

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High
11.430
Open
11.340
VWAP
11.37
Vol
133.02K
Mkt Cap
240.32M
Low
11.290
Amount
1.51M
EV/EBITDA(TTM)
8.99
Total Shares
21.08M
EV
323.80M
EV/OCF(TTM)
11.25
P/S(TTM)
3.87
Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. The Company utilizes real estate, credit, and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. Its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, primarily through consistent current income dividends and other distributions and, secondarily, through capital appreciation. It intends to achieve this objective by originating, structuring and investing in first mortgage loans and alternative structured financing secured by commercial real estate properties. Its loan portfolio is primarily comprised of senior loans to state-licensed operators in the cannabis industry. It also lends to and invests in companies or properties that are not related to the cannabis industry. The Company is externally managed by Chicago Atlantic REIT Manager, LLC.
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Events Timeline

(ET)
2026-03-12
07:10:00
Chicago Atlantic Expects Special Dividend in Q4 2026
select
2026-01-16 (ET)
2026-01-16
16:40:00
Chicago Atlantic Files $452.11M Mixed Securities Shelf
select
2025-11-04 (ET)
2025-11-04
07:10:17
Chicago Atlantic reaffirms its outlook for 2025
select
2025-11-04
07:09:53
Chicago Atlantic announces Q3 distributable EPS of 49 cents, down from 56 cents last year.
select
2025-08-07 (ET)
2025-08-07
07:32:23
Chicago Atlantic affirms 2025 outlook
select

News

seekingalpha
8.0
03-16seekingalpha
Chicago Atlantic Real Estate Finance Declares Quarterly Dividend
  • Quarterly Dividend Announcement: Chicago Atlantic Real Estate Finance has declared a quarterly dividend of $0.47 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract more investor interest.
  • High Yield: The forward yield of 15.55% not only provides substantial returns for shareholders but also reflects the company's strong performance in the real estate finance sector, enhancing market confidence.
  • Dividend Payment Schedule: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring shareholders receive timely returns and further solidifying their investment confidence.
  • Financial Performance Beats Expectations: Chicago Atlantic reported a GAAP EPS of $0.43 for Q4 2025, beating estimates by $0.03, with revenue of $14.24M exceeding expectations by $0.04M, demonstrating the company's competitiveness and growth potential in the market.
seekingalpha
9.5
03-12seekingalpha
Chicago Atlantic Real Estate Finance, Inc. Q4 2025 Earnings Call Insights
  • Loan Portfolio Growth: As of December 31, 2025, Chicago Atlantic's loan portfolio principal reached $411 million, indicating robust growth potential in its niche market and reflecting the firm's expertise in cannabis credit.
  • Net Interest Income Increase: The net interest income for Q4 was $14.2 million, a 4% rise from $13.7 million in Q3, demonstrating the company's ability to maintain profitability amid changing interest rates, thereby boosting investor confidence in its financial health.
  • Pipeline Expansion: The current loan pipeline has grown to $616 million from $415 million, and despite liquidity constraints, management expresses strong confidence in their execution capabilities, signaling future growth opportunities.
  • Stable Dividend Distribution: The company declared a dividend of $0.47 per share, targeting a payout ratio of 90% to 100% of distributable earnings for 2026, reflecting its commitment to shareholder returns despite market uncertainties.
Yahoo Finance
9.5
03-12Yahoo Finance
Chicago Atlantic Financial Report Highlights
  • Loan Portfolio Size: As of December 31, 2025, Chicago Atlantic's loan portfolio totals approximately $411 million across 26 portfolio companies, indicating the company's strategic positioning in a niche market with potential for growth.
  • Net Interest Income Growth: The company reported net interest income of $14.2 million for the fourth quarter, a 4% increase from the third quarter, primarily driven by the collection of past due interest, reflecting effective credit management and enhanced profitability.
  • Liquidity and Capital Deployment: As of March 12, the company has about $50 million in liquidity available for quick deployment to support future investment opportunities, although uncertainties regarding loan repayments could impact liquidity and portfolio growth.
  • Market Competition and Risk Management: Despite a robust pipeline of $616 million in opportunities, the lack of new lenders entering the market limits competitive pressure, while the company maintains a disciplined focus on credit and collateral management, ensuring stable credit quality.
NASDAQ.COM
9.5
03-12NASDAQ.COM
Chicago Atlantic Real Estate Finance Reports Q4 Profit Growth
  • Profit Overview: Chicago Atlantic Real Estate Finance reported a fourth-quarter profit of $8.15 million, translating to $0.38 per share, which, while slightly down from $0.39 last year, indicates stability in earnings.
  • Revenue Increase: The company's revenue rose by 1.2% year-over-year to $14.23 million, up from $14.06 million last year, reflecting ongoing growth potential in the market.
  • Financial Comparison: Despite a slight decline in earnings compared to the previous year, the modest revenue growth demonstrates the company's resilience in facing market challenges, which may attract investor interest.
  • Market Outlook: The company's performance in the real estate finance sector, particularly against the backdrop of revenue growth, could signal positive investment opportunities for the future, enhancing market confidence in its long-term development.
seekingalpha
9.5
03-12seekingalpha
Chicago Atlantic Real Estate Finance Releases 2026 Outlook
  • Earnings Beat: Chicago Atlantic Real Estate Finance reported a Q4 GAAP EPS of $0.43, exceeding expectations by $0.03, indicating robust profitability and boosting investor confidence in the company's financial health.
  • Net Interest Income Growth: The company achieved net interest income of $14.24 million, a 1.2% year-over-year increase that surpassed market expectations by $0.04 million, reflecting effective asset-liability management and sustained revenue growth.
  • Dividend Policy Outlook: The company anticipates maintaining a dividend payout ratio of approximately 90% to 100% based on Distributable Earnings for 2026, demonstrating a strong commitment to shareholder returns while ensuring future financial stability.
  • Special Dividend Plan: Should the company's taxable income necessitate additional distributions to meet 2026 tax obligations, it plans to issue a special dividend in Q4 2026, further enhancing investor confidence in its financial robustness.
Newsfilter
9.5
02-18Newsfilter
Chicago Atlantic Real Estate Finance to Release Q4 Results
  • Earnings Release Schedule: Chicago Atlantic Real Estate Finance plans to issue its fourth quarter and full year results for 2025 before the market opens on March 12, 2026, highlighting its ongoing performance in the commercial mortgage REIT sector.
  • Conference Call Details: The company will host a conference call and live audio webcast at 9:00 a.m. Eastern Time on the same day, open to the public, which is expected to attract significant attention from investors and analysts, enhancing the company's transparency.
  • Interactive Participation Opportunity: Participants can call (833) 630-1956 or international callers can dial 412-317-1837, fostering interaction with management and promoting the establishment and maintenance of investor relations.
  • Online Replay Availability: The online replay will be accessible approximately one hour after the call concludes in the Investor Relations section of the company's website, providing a convenient channel for information access and ensuring investors stay updated on company developments.
Wall Street analysts forecast REFI stock price to rise
2 Analyst Rating
Wall Street analysts forecast REFI stock price to rise
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
13.75
Averages
13.88
High
14.00
Current: 0.000
sliders
Low
13.75
Averages
13.88
High
14.00
Outperform -> Perform
downgrade
AI Analysis
2026-03-16
Reason
Price Target
AI Analysis
2026-03-16
downgrade
Outperform -> Perform
Reason
Oppenheimer downgraded Chicago Atlantic to Perform from Outperform.
Oppenheimer
Mitchel Penn
Outperform -> Perform
downgrade
$14
2026-03-16
Reason
Oppenheimer
Mitchel Penn
Price Target
$14
2026-03-16
downgrade
Outperform -> Perform
Reason
Oppenheimer analyst Mitchel Penn downgraded Chicago Atlantic to Perform from Outperform with an unchanged price target of $14 following the Q4 report. The company's non-accruals doubled quarter-over-quarter to 12%, the analyst tells investors in a research note. Given an estimated cost of equity capital of 10.5%, Oppenheimer calculates a fair value of $13.64 per share for Chicago Atlantic.
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Valuation Metrics

The current forward P/E ratio for Chicago Atlantic Real Estate Finance Inc (REFI.O) is 5.70, compared to its 5-year average forward P/E of 7.77. For a more detailed relative valuation and DCF analysis to assess Chicago Atlantic Real Estate Finance Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
7.77
Current PE
5.70
Overvalued PE
8.61
Undervalued PE
6.92

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.01
Current EV/EBITDA
0.97
Overvalued EV/EBITDA
0.10
Undervalued EV/EBITDA
-0.07

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
5.09
Current PS
4.21
Overvalued PS
5.72
Undervalued PS
4.47

Financials

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Frequently Asked Questions

What is Chicago Atlantic Real Estate Finance Inc (REFI) stock price today?

The current price of REFI is 11.4 USD — it has increased 1.6

What is Chicago Atlantic Real Estate Finance Inc (REFI)'s business?

Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. The Company utilizes real estate, credit, and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. Its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, primarily through consistent current income dividends and other distributions and, secondarily, through capital appreciation. It intends to achieve this objective by originating, structuring and investing in first mortgage loans and alternative structured financing secured by commercial real estate properties. Its loan portfolio is primarily comprised of senior loans to state-licensed operators in the cannabis industry. It also lends to and invests in companies or properties that are not related to the cannabis industry. The Company is externally managed by Chicago Atlantic REIT Manager, LLC.

What is the price predicton of REFI Stock?

Wall Street analysts forecast REFI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for REFI is13.88 USD with a low forecast of 13.75 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Chicago Atlantic Real Estate Finance Inc (REFI)'s revenue for the last quarter?

Chicago Atlantic Real Estate Finance Inc revenue for the last quarter amounts to 16.08M USD, increased 4.97

What is Chicago Atlantic Real Estate Finance Inc (REFI)'s earnings per share (EPS) for the last quarter?

Chicago Atlantic Real Estate Finance Inc. EPS for the last quarter amounts to 0.38 USD, decreased -2.56

How many employees does Chicago Atlantic Real Estate Finance Inc (REFI). have?

Chicago Atlantic Real Estate Finance Inc (REFI) has 0 emplpoyees as of April 09 2026.

What is Chicago Atlantic Real Estate Finance Inc (REFI) market cap?

Today REFI has the market capitalization of 240.32M USD.