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Chicago Atlantic Real Estate Finance Inc

Chicago Atlantic Real Estate Finance Inc

REFI · NASDAQ · Real Estate / REIT - Mortgage

8.61USD-0.19 (-2.16%)

Price History

Full chart

Market Stats

Previous Close8.80
Open8.84
Day Range8.48 – 8.90
52-Week Range9.69 – 11.94
Volume160.48K
Market Cap272.87M
P/E (TTM)7.83
Forward P/E5.43
EPS1.36
Dividend Yield17.65%
Beta0.34
50-Day Avg10.51
200-Day Avg11.54

About

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States. It engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company's loan portfolio is comprised of 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. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is based in Miami Beach, Florida.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Anthony Robert Cappell
  • Employees0
  • Headquarters1680 Michigan Avenue, Miami Beach, FL, United States, 33139, USA
  • Websitehttps://www.refi.reit

Leadership

  • Mr. John Michael MazarakisExecutive Chairman of the Board of Chicago Atlantic REIT Manager, LLC · b. 1976
  • Mr. Anthony Robert CappellCo-CEO & Director of Chicago Atlantic REIT Manager, LLC · b. 1983
  • Mr. Peter Sharp SackCo-Chief Executive Officer of Chicago Atlantic REIT Manager, LLC · b. 1989
  • Mr. David Alan KitePresident & COO of Chicago Atlantic REIT Manager, LLC · b. 1972
  • Mr. Phillip Silverman CPACFO, Treasurer and Secretary of Chicago Atlantic REIT Manager, LLC · b. 1991
  • Ms. Brett Clayton CPAController of Chicago Atlantic REIT Manager, LLC

Financials

Income Statement

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue11.08B48.86M57.33M54.78M63.10M
Growth (%)--99.56%+17.34%-4.44%+15.18%
Cost of Revenue905.12K3.89B8.78M8.06M8.28M
Gross Profit11.08B-3.84B57.33M54.78M54.82M
Gross Margin100.00%-7856.60%100.00%100.00%86.88%
Operating Expense1.58B-3.87B12.86M10.58M18.81M
Operating Income9.50B34.91M44.46M44.20M36.01M
Operating Margin85.75%71.45%77.56%80.68%57.07%
EBITDA9.50B34.91B44.46M44.20M36.01M
EBITDA Margin85.75%71445.58%77.56%80.68%57.07%
Net Income9.50B32.29M38.71M37.05M36.01M
Net Income Margin85.75%66.10%67.52%67.62%57.07%
R&D0.860.630.61--
R&D as % of Total Revenue0.00%0.00%0.00%--
Interest Expense75.86K2.61M5.75M7.15M7.55M
Interest Expense % of Total Revenue0.00%5.35%10.04%13.06%11.96%

Balance Sheet

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets278.17M343.27M359.23M435.15M424.92M
Total Liabilities14.09M79.24M87.37M126.19M117.10M
Total Equity264.08M264.03M271.85M308.96M307.81M
Cash80.25M5.72M7.90M26.40M14.95M
Total Debt197.72M58.00M66.00M104.10M98.43M
Net Debt-80.25M52.28M58.10M77.70M83.49M

Cash Flow

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow6.67M17.01M28.42M23.16M28.79M
Investing Cash Flow-145.22M-125.24M-1.93M-39.30M8.74M
Financing Cash Flow218.80M33.71M-24.31M34.64M-48.98M
Capital Expenditure313.59M140
Free Cash Flow6.67M17.01M28.42M23.16M28.79M
Dividends Paid6.85M28.17M39.13M41.63M43.84M
FCF to OCF100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF102.68%165.68%137.72%179.77%152.27%

Earnings

Report DateJun 30, 2021Dec 8, 2021Mar 22, 2022May 12, 2022Aug 9, 2022Nov 9, 2022Mar 9, 2023May 9, 2023Aug 9, 2023Nov 8, 2023Mar 12, 2024May 7, 2024Aug 7, 2024Nov 7, 2024Mar 12, 2025May 7, 2025Aug 7, 2025Nov 4, 2025Mar 18, 2026May 7, 2026Aug 11, 2026Nov 3, 2026
EPS Estimate0.000.700.330.400.480.480.480.510.540.530.510.560.540.510.440.440.420.460.460.440.440.46
EPS Actual0.300.060.570.440.420.550.410.600.470.540.510.470.460.560.420.470.470.420.380.230.38-
Surprise--91.43%72.73%10.00%-12.50%14.58%-14.58%17.65%-12.96%1.89%0.00%-16.07%-14.81%9.80%-4.55%6.82%11.90%-8.70%-16.67%-47.73%-13.64%-
Timing-After-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap272.87M
Enterprise Value400.02M
Trailing P/E7.83
Forward P/E5.43
Price / Sales5.59
Price / Book0.91
EPS1.36
Book Value14.15
Revenue (TTM)48.84M
Gross Profit (TTM)48.84M
Profit Margin60.21%
Operating Margin62.67%
Return on Equity9.61%
Return on Assets6.41%
Shares Outstanding25.62M
Shares Float22.67M
Beta0.34
Dividend Yield17.65%
Dividend Rate1.88
Payout Ratio133.33%

Analyst Ratings

Buy
Based on 4 analystsTarget 15.13
  • Strong Buy
    2
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
29.60%
Insiders
11.51%
Retail / Other
58.89%

Top Institutional Holders

  • BlackRock Inc
    1.43M5.56%
  • Fielder Capital Group LLC
    959.80K3.75%
  • Vanguard Capital Management, LLC
    727.85K2.84%
  • State Street Corp
    510.53K1.99%
  • Van Eck Associates Corporation
    236.16K0.92%
  • Segall Bryant & Hamill
    188.62K0.74%
  • CDC Financial, Inc.
    163.70K0.64%
  • Clayton Partners, LLC
    155.34K0.61%
  • CI Private Wealth LLC
    152.72K0.60%
  • Northern Trust Corp
    141.47K0.55%
  • Connor Clark & Lunn Inv Mgmt Ltd
    116.27K0.45%
  • Vanguard Fiduciary Trust Co
    114.30K0.45%
  • Doliver Capital Advisors, Inc.
    111.01K0.43%
  • Vanguard Portfolio Management, LLC
    104.33K0.41%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    570.76K2.23%
  • iShares Russell 2000 ETF
    540.05K2.11%
  • iShares Mortgage Real Estate Capped ETF
    234.79K0.92%
  • iShares Russell 2000 Value ETF
    198.81K0.78%
  • Hoya Capital High Dividend Yield ETF
    119.14K0.47%
  • Vanguard Russell 2000 ETF
    108.32K0.42%

Dividends

20263×
0.47Sep 30, 20260.47Jun 30, 20260.47Mar 31, 2026
20254×
0.47Dec 31, 20250.47Sep 30, 20250.47Jun 30, 20250.47Mar 31, 2025
20244×
0.65Dec 31, 20240.47Sep 30, 20240.47Jun 28, 20240.47Mar 27, 2024
20234×
0.76Dec 28, 20230.47Sep 28, 20230.47Jun 29, 20230.47Mar 30, 2023
20224×
0.76Dec 29, 20220.47Sep 29, 20220.47Jun 29, 20220.40Mar 30, 2022
20211×
0.26Dec 30, 2021