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

Market Summary

USD15.71+0.03

Market Closed

0.19%

REFI Stock Price

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REFI RSI Chart

REFI Valuation

Market Cap

285.9M

Price/Earnings (Trailing)

7.39

Price/Sales (Trailing)

4.64

EV/EBITDA

2.86

Price/Free Cashflow

10.06

REFI Price/Sales (Trailing)

REFI Profitability

EBT Margin

62.85%

Return on Equity

14.24%

Return on Assets

10.78%

Free Cashflow Yield

9.94%

REFI Fundamentals

REFI Revenue

Revenue (TTM)

61.6M

Rev. Growth (Yr)

9.73%

Rev. Growth (Qtr)

17.47%

REFI Earnings

Earnings (TTM)

38.7M

Earnings Growth (Yr)

29.52%

Earnings Growth (Qtr)

-5.81%

Breaking Down REFI Revenue

Last 7 days

2.6%

Last 30 days

-2.7%

Last 90 days

-2.2%

Trailing 12 Months

11.9%

How does REFI drawdown profile look like?

REFI Financial Health

REFI Investor Care

Dividend Yield

13.81%

Dividend/Share (TTM)

2.17

Shares Dilution (1Y)

0.64%

Diluted EPS (TTM)

2.12

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
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?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Sage Mountain Advisors LLC	added	1.21	-15,725	1,147,820	0.12%
Apr 23, 2024	AMALGAMATED BANK	reduced	-61.05	-14,000	9,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	13,177	146,025	-%
Apr 19, 2024	Westside Investment Management, Inc.	new	-	4,731	4,731	-%
Apr 19, 2024	EVERETT HARRIS & CO /CA/	unchanged	-	-10,045	386,365	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	reduced	-0.92	-21,922	616,702	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	unchanged	-	-	8,000	-%
Apr 17, 2024	DUMONT & BLAKE INVESTMENT ADVISORS LLC	unchanged	-	-4,108	176,892	0.05%
Apr 16, 2024	Register Financial Advisors LLC	new	-	32,518	32,518	0.02%
Apr 11, 2024	Fortitude Family Office, LLC	sold off	-100	-7,410	-	-%

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
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
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	80.8B	11.1B	-9.63%	-14.57%	59.12	7.25	4.04%	-19.43%
CCI	41.4B	7.0B	-7.14%	-23.31%	27.6	5.94	-0.07%	-10.36%
AVB	27.2B	2.8B	3.01%	9.02%	29.27	9.82	6.73%	-18.30%
ARE	19.9B	3.0B	-4.73%	-3.60%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-1.98%	8.50%	29.79	8.01	7.80%	39.39%
REG	11.0B	1.3B	1.26%	0.15%	30.18	8.32	8.04%	-24.50%
BXP	9.9B	3.3B	-0.65%	20.81%	51.93	3.02	5.31%	-77.32%
MID-CAP
FRT	8.6B	1.1B	3.35%	7.17%	36.29	7.6	5.38%	-38.52%
SLG	3.4B	899.4M	-0.98%	126.14%	-5.99	3.76	-0.45%	-623.11%
MAC	3.4B	884.1M	-4.94%	65.24%	-12.32	3.82	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	441.2M	2.71%	21.12%	20.04	2.94	4.38%	15.77%
AIV	1.2B	198.2M	0.88%	3.60%	-7.39	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-6.60%	4.26%	13.61	1.8	25.53%	134.62%
NYMT	647.8M	258.7M	3.60%	-29.41%	-13.31	2.5	0.11%	83.70%
IVR	417.7M	277.9M	-9.02%	-18.46%	-26.34	1.5	44.33%	96.06%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	17.5%	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	14.0%	1.00	1.00	-	1.00	1.00	1.00	1.00	1.00	-
EBITDA Margin	-8.2%	1.58*	1.72*	1.74*	1.74*	1.73*	-	-	-	-
Interest Expenses	-1.5%	14.00	14.00	15.00	17.00	15.00	13.00	12.00	10.00	6.00
Earnings Before Taxes	-5.8%	9.00	10.00	9.00	11.00	7.00	10.00	7.00	8.00	4.00
EBT Margin	-1.4%	0.63*	0.64*	0.65*	0.65*	0.66*	-	-	-	-
Net Income	-5.8%	9.00	10.00	9.00	11.00	7.00	10.00	7.00	8.00	4.00
Net Income Margin	-1.4%	0.63*	0.64*	0.65*	0.65*	0.66*	-	-	-	-
Free Cashflow	1450.4%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.0%	359	352	331	323	343	340	338	286	278
Cash Equivalents	-9.2%	8.00	9.00	18.00	5.00	6.00	9.00	7.00	6.00	80.00
Liabilities	14.2%	87.00	77.00	57.00	51.00	79.00	70.00	69.00	17.00	14.00
Shareholder's Equity	-1.4%	272	276	274	272	264	270	269	269	264
Retained Earnings	-332.9%	-5.81	-1.34	-2.90	-2.98	-5.14	1.00	-0.35	1.00	-0.18
Additional Paid-In Capital	0.2%	277	277	276	275	269	269	269	269	264
Shares Outstanding	0.1%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	1450.4%	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	-0.6%	537	540	264	138	107	85.00	123	121	-	-	-
Cashflow From Investing	50.5%	-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	-148.9%	-5,568	11,383	-2,029	-28,093	-3,723	-299	37,760	-30.61	127,809	59,633	31,359
Dividend Payments	0.1%	8,568	8,562	8,518	13,486	8,299	8,299	7,063	4,512	-	-	-

REFI Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)	12 Months Ended
Consolidated Statements of Income - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Revenues
Interest income	$ 62,900,004	$ 51,471,766
Interest expense	(5,752,908)	(2,614,138)
Net interest income	57,147,096	48,857,628
Expenses
Management and incentive fees, net	8,782,834	6,562,087
General and administrative expense	5,260,287	3,528,322
Professional fees	2,153,999	2,151,714
Stock based compensation	1,479,736	435,623
Provision for current expected credit losses	940,385	3,887,405
Total expenses	18,617,241	16,565,151
Change in unrealized gain on debt securities, at fair value	75,604
Realized gain on debt securities, at fair value	104,789
Net Income before income taxes	38,710,248	32,292,477
Income tax expense	0	0
Net Income	$ 38,710,248	$ 32,292,477
Earnings per common share:
Basic earnings per common share (in Dollars per share)	$ 2.14	$ 1.83
Diluted earnings per common share (in Dollars per share)	$ 2.11	$ 1.82
Weighted average number of common shares outstanding:
Basic weighted average shares of common stock outstanding (in Shares)	18,085,088	17,653,765
Diluted weighted average shares of common stock outstanding (in Shares)	18,343,725	17,746,214

REFI Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)

Dec. 31, 2023

Dec. 31, 2022

Assets

Loans held for investment

$ 337,238,122

$ 339,273,538

Loan held for investment - related party (Note 7)

16,402,488

Loans held for investment, at carrying value

^[1]

353,640,610

^[2]

339,273,538

Current expected credit loss reserve

(4,972,647)

(3,940,939)

Loans held for investment at carrying value, net

348,667,963

335,332,599

Cash and cash equivalents

7,898,040

5,715,827

Debt securities, at fair value

842,269

0

Interest receivable

1,004,140

1,204,412

Other receivables and assets, net

705,960

1,018,212

Total Assets

359,225,597

343,271,050

Liabilities

Revolving loan

66,000,000

58,000,000

Dividend payable

13,866,656

13,618,591

Management and incentive fees payable

3,243,775

3,295,600

Accounts payable and other liabilities

1,135,355

1,058,128

Interest reserve

1,074,889

1,868,193

Total Liabilities

87,372,206

79,238,027

Commitments and contingencies (Note 8)

Stockholders’ equity

Common stock, par value $0.01 per share, 100,000,000 shares authorized and 18,197,192 and 17,685,952 shares issued and outstanding, respectively

181,972

176,859

Additional paid-in-capital

277,483,092

268,995,848

Accumulated deficit

(5,811,673)

(5,139,684)

Total stockholders’ equity

271,853,391

264,033,023

Total liabilities and stockholders’ equity

359,225,597

343,271,050

Related Party

Assets

Related party receivables

107,225

Liabilities

Related party payables

$ 2,051,531

$ 1,397,515

[1]	Amounts are presented by loan origination year with subsequent advances shown in the original year of origination.
[2]	Loans #6 and #9 placed on non-accrual status and are included in risk rating category "3" and “4”, respectively, and carries a reserve for current expected credit losses of approximately $1.6 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.

0

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 Tue Apr 23 2024, market cap of Chicago Atlantic Real Estate Finance is 285.33 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 Tue Apr 23 2024, REFI's PE ratio (Price to Earnings) is 7.37 and Price to Sales (PS) ratio is 4.63. 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.