Chicago Atlantic Real Estate Finance, Inc.
REFI
NASDAQ·Real Estate·REIT - Mortgage·Mkt cap $233.4M
$10.95
▲ +0.83%
P/E
7.93
Mkt Cap
$233.4M
52-Wk Range
$9.69–$14.47
52-Week Range
$9.69 - $14.47
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Down 23.2% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Specialized expertise in underserved cannabis lending market with limited competition
- REIT structure enabling tax-efficient income distribution to shareholders
- First-lien mortgage position providing senior security and lower default risk
- Access to growing cannabis industry as more states legalize and expand operations
Bear Case
1 risk
- Low volatility (beta 0.3).
Growth
Moderate growth ahead
Expansion of cannabis legalization across additional U.S. states increasing borrower demand
Value
Attractively priced below Mortgage REITs peer average
Momentum
Stable
-2.6% over 3m
Quality
Excellent
Strong fundamentals
Dividend
High yield
17.17% yield
Smart-money signal
Who's buying REFI right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 3, 2026
AUG 11, 2026
Reported EPS of $0.43 vs $0.48 consensus (-10.4% surprise). Revenue of $12.8M vs $14.2M expected (-9.4%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-10.4%
Revenue trend · last 8Q
—
-8%
-1%
+11%
-5%
+16%
+16%
-100%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$14.5M
$13.9M
$13.0M
$14.6M
$13.7M
$16.1M
$15.2M
$0
Margins · last 8Q
Gross
—
Operating
—
Profit
—
Wall Street consensus
Analyst coverage
Live ratings and price targets aggregated across covering analysts.
vs Industry
How REFI stacks vs REIT - Mortgage
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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