REFI Stock Price, Chicago Atlantic Real Estate Finance Quote, Chart

Market Summary

USD15.74+0.15

Delayed

0.96%

REFI Stock Price

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REFI RSI Chart

REFI Valuation

Market Cap

300.6M

Price/Earnings (Trailing)

8.18

Price/Sales (Trailing)

4.85

EV/EBITDA

3.2

Price/Free Cashflow

8.94

REFI Price/Sales (Trailing)

REFI Profitability

EBT Margin

59.24%

Return on Equity

12.85%

Return on Assets

9.58%

Free Cashflow Yield

11.19%

REFI Fundamentals

REFI Revenue

Revenue (TTM)

62.0M

Rev. Growth (Yr)

2.92%

Rev. Growth (Qtr)

-13.98%

REFI Earnings

Earnings (TTM)

36.7M

Earnings Growth (Yr)

-18.35%

Earnings Growth (Qtr)

-7.1%

Breaking Down REFI Revenue

Last 7 days

0.1%

Last 30 days

2.8%

Last 90 days

-1.6%

Trailing 12 Months

10.2%

How does REFI drawdown profile look like?

REFI Financial Health

REFI Investor Care

Dividend Yield

13.79%

Dividend/Share (TTM)

2.17

Shares Dilution (1Y)

5.59%

Diluted EPS (TTM)

1.99

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	62.0M	0	0	0
2023	56.4M	58.6M	60.0M	61.6M
2022	0	0	0	51.2M
2021	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Chicago Atlantic Real Estate Finance

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	mazarakis john	acquired	680,581	15.59	43,655	executive cob
Apr 01, 2024	papastavrou jason d	acquired	75,003	15.59	4,811	-
Apr 01, 2024	herbst frederick c	acquired	75,003	15.59	4,811	-
Apr 01, 2024	bodmeier andreas	acquired	680,581	15.59	43,655	president and cio
Apr 01, 2024	gulbrandsen donald e.	acquired	75,003	15.59	4,811	co-president and cio
Apr 01, 2024	silverman phillip	acquired	-	-	5,717	cfo
Apr 01, 2024	steiner michael l.	acquired	75,003	15.59	4,811	-
Apr 01, 2024	sack peter	acquired	177,539	15.59	11,388	co-chief executive officer
Apr 01, 2024	cappell anthony	acquired	680,581	15.59	43,655	co-chief executive officer
Apr 01, 2024	konigsberg brandon	acquired	75,003	15.59	4,811	-

Which funds bought or sold REFI recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	new	-	274,934	274,934	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-17,648	25,957	-%
May 16, 2024	Tidal Investments LLC	new	-	8,223,760	8,223,760	0.14%
May 15, 2024	PERRITT CAPITAL MANAGEMENT INC	added	0.07	-23,535	931,635	0.50%
May 15, 2024	JANUS HENDERSON GROUP PLC	reduced	-10.96	-24,328	159,735	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	3,848	3,848	-%
May 15, 2024	Royal Bank of Canada	reduced	-31.51	-86,000	172,000	-%
May 15, 2024	INTREPID CAPITAL MANAGEMENT INC	added	122	3,263,020	6,062,180	3.93%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	new	-	22,709	22,709	-%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	added	159	451,000	746,000	-%

Are Funds Buying or Selling REFI?

Are funds buying REFI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own REFI

No. of Funds

Unveiling Chicago Atlantic Real Estate Finance's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 26, 2024	blackrock inc.	7.3%	1,319,746	SC 13G

Recent SEC filings of Chicago Atlantic Real Estate Finance

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to Chicago Atlantic Real Estate Finance)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Chicago Atlantic Real Estate Finance News

Latest updates

Chicago Atlantic Real Estate Finance Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)										(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-14.0%	15.00	18.00	15.00	14.00	15.00	16.00	14.00	11.00	10.00	-
Operating Expenses	-	-	-	-	5.00	4.00	8.00	3.00	4.00	2.00	1.00
S&GA Expenses	-100.0%	-	1.00	1.00	-	1.00	1.00	1.00	1.00	1.00	-
EBITDA Margin	-6.1%	1.48*	1.58*	1.60*	1.62*	1.61*	1.59*	-	-	-	-
Interest Expenses	-2.2%	13.00	14.00	14.00	15.00	17.00	15.00	13.00	12.00	10.00	6.00
Income Taxes	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	-7.1%	9.00	9.00	10.00	9.00	11.00	7.00	10.00	7.00	8.00	4.00
EBT Margin	-5.7%	0.59*	0.63*	0.61*	0.62*	0.62*	0.63*	-	-	-	-
Net Income	-7.1%	9.00	9.00	10.00	9.00	11.00	7.00	10.00	7.00	8.00	4.00
Net Income Margin	-5.7%	0.59*	0.63*	0.61*	0.62*	0.62*	0.63*	-	-	-	-
Free Cashflow	-55.4%	7.00	16.00	1.00	10.00	2.00	5.00	5.00	4.00	3.00	-5.57

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet										(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	6.8%	384	359	352	331	323	343	340	338	286	278
Cash Equivalents	-12.6%	7.00	8.00	9.00	18.00	5.00	6.00	9.00	7.00	6.00	80.00
Liabilities	11.8%	98.00	87.00	77.00	57.00	51.00	79.00	70.00	69.00	17.00	14.00
Shareholder's Equity	5.2%	286	272	276	274	272	264	270	269	269	264
Retained Earnings	-4.8%	-6.09	-5.81	-1.34	-2.90	-2.98	-5.14	1.00	-0.35	1.00	-0.18
Additional Paid-In Capital	5.2%	292	277	277	276	275	269	269	269	269	264
Shares Outstanding	0%	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	17.00
Float	-	-	-	-	242	-	-	-	264	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)												(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	-55.4%	6,918	15,504	1,000	10,211	1,702	4,627	5,003	4,339	3,036	-5,572	10,786	1,455
Share Based Compensation	-1.1%	531	537	540	264	138	107	85.00	123	121	-	-	-
Cashflow From Investing	-74.3%	-18,717	-10,739	-21,701	5,198	25,317	-4,519	-1,995	-41,553	-77,175	-50,629	-62,620	-31,970
Cashflow From Financing	294.1%	10,806	-5,568	11,383	-2,029	-28,093	-3,723	-299	37,760	-30.61	127,809	59,633	31,359
Dividend Payments	-100.0%	-	8,568	8,562	8,518	13,486	8,299	8,299	7,063	4,512	-	-	-

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REFI Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
Consolidated Statements of Income (Unaudited) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Revenues
Interest income	$ 15,343,667	$ 16,527,304
Interest expense	(2,104,050)	(1,618,296)
Net interest income	13,239,617	14,909,008
Expenses
Management and incentive fees, net	1,754,741	2,138,005
General and administrative expense	1,390,267	1,274,825
Professional fees	449,858	569,375
Stock based compensation	531,293	138,335
Provision for current expected credit losses	380,279	96,119
Total expenses	4,506,438	4,216,659
Change in unrealized gain on debt securities, at fair value	(75,604)
Realized gain on debt securities, at fair value	72,428
Net Income before income taxes	8,730,003	10,692,349
Income tax expense	0	0
Net Income	$ 8,730,003	$ 10,692,349
Earnings per common share:
Basic earnings per common share (in Dollars per share)	$ 0.48	$ 0.6
Diluted earnings per common share (in Dollars per share)	$ 0.47	$ 0.6
Weighted average number of common shares outstanding:
Basic weighted average shares of common stock outstanding (in Shares)	18,273,919	17,879,444
Diluted weighted average shares of common stock outstanding (in Shares)	18,640,492	17,960,103

REFI Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($)

Mar. 31, 2024

Dec. 31, 2023

Assets

Loans held for investment

$ 359,317,126

$ 337,238,122

Loan held for investment - related party (Note 7)

16,527,188

16,402,488

Loans held for investment, at carrying value

^[1],[2]

375,844,314

353,640,610

Current expected credit loss reserve

(5,356,018)

(4,972,647)

Loans held for investment at carrying value, net

370,488,296

348,667,963

Cash and cash equivalents

6,904,113

7,898,040

Other receivables and assets, net

5,143,318

705,960

Interest receivable

926,852

1,004,140

Related party receivables

192,354

107,225

Debt securities, at fair value

842,269

Total Assets

383,654,933

359,225,597

Liabilities

Revolving loan

81,250,000

66,000,000

Dividend payable

9,007,244

13,866,656

Related party payables

1,819,428

3,243,775

Management and incentive fees payable

1,754,741

2,051,531

Accounts payable and other liabilities

1,342,872

1,135,355

Interest reserve

2,519,871

1,074,889

Total Liabilities

97,694,156

87,372,206

Commitments and contingencies (Note 8)

Stockholders’ equity

Common stock, par value $0.01 per share, 100,000,000 shares authorized and 19,100,282 and 18,197,192 shares issued and outstanding, respectively

191,003

181,972

Additional paid-in-capital

291,858,521

277,483,092

Accumulated deficit

(6,088,747)

(5,811,673)

Total stockholders’ equity

285,960,777

271,853,391

Total liabilities and stockholders’ equity

$ 383,654,933

$ 359,225,597

[1]	Amounts are presented by loan origination year with subsequent advances shown in the original year of origination.
[2]	Loan #9 placed on non-accrual status is included in risk rating category “4” and has a reserve for current expected credit losses of approximately $1.3 million as of March 31, 2024 and $1.5 million as of December 31, 2023.

About Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers 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. The company was incorporated in 2021 and is based in Chicago, Illinois.

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CEO	Mr. Anthony Cappell
WEBSITE	refi.reit
INDUSTRY	REIT Mortgage

Chicago Atlantic Real Estate Finance Frequently Asked Questions

What is the ticker symbol for Chicago Atlantic Real Estate Finance? What does REFI stand for in stocks?

REFI is the stock ticker symbol of Chicago Atlantic Real Estate Finance. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Chicago Atlantic Real Estate Finance (REFI)?

As of Fri May 17 2024, market cap of Chicago Atlantic Real Estate Finance is 300.64 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of REFI stock?

You can check REFI's fair value in chart for subscribers.

What is the fair value of REFI stock?

You can check REFI's fair value in chart for subscribers. The fair value of Chicago Atlantic Real Estate Finance is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Chicago Atlantic Real Estate Finance is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for REFI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Chicago Atlantic Real Estate Finance a good stock to buy?

The fair value guage provides a quick view whether REFI is over valued or under valued. Whether Chicago Atlantic Real Estate Finance is cheap or expensive depends on the assumptions which impact Chicago Atlantic Real Estate Finance's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for REFI.

What is Chicago Atlantic Real Estate Finance's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, REFI's PE ratio (Price to Earnings) is 8.18 and Price to Sales (PS) ratio is 4.85. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. REFI PE ratio will change depending on the future growth rate expectations of investors.