REFI

Chicago Atlantic Real Estate Finance Inc

REFI.US refi.reit
Real Estate · REIT - Mortgage
10.70
-0.06 (-0.56%)
USD · NASDAQ
52-week range
9.69
11.94
Trading at 45% of the 52-week range
Market Cap
275.68M
P/E Ratio
7.97
Forward P/E
5.79
Book Value
14.15
Div. Yield
17.36%
% Institutions
29.59%
% Insiders
11.51%

1 Year

-6.4%

3 Year

+7.1%

10 Year

+23.7%
Description

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 Information

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Company Name
Chicago Atlantic Real Estate Finance Inc
Sector
Real Estate
Industry
REIT - Mortgage
Exchange
NASDAQ
ISIN: US1672391026
CIK: 0001867949
CUSIP: 167239102
Currency: USD
Full Time Employees: 0
Phone: 312 625 9295
Website: refi.reit
Fiscal Year End: December
IPO Date: Dec 08, 2021
Description:

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.

Address:

1680 Michigan Avenue, Miami Beach, FL, United States, 33139

People

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Directors & Officers

Name Title Year Born
Mr. John Michael Mazarakis Executive Chairman of the Board of Chicago Atlantic REIT Manager, LLC 1976
Mr. Anthony Robert Cappell Co-CEO & Director of Chicago Atlantic REIT Manager, LLC 1983
Mr. Peter Sharp Sack Co-Chief Executive Officer of Chicago Atlantic REIT Manager, LLC 1989
Mr. David Alan Kite President & COO of Chicago Atlantic REIT Manager, LLC 1972
Mr. Phillip Silverman CPA CFO, Treasurer and Secretary of Chicago Atlantic REIT Manager, LLC 1991
Ms. Brett Clayton CPA Controller of Chicago Atlantic REIT Manager, LLC NA

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Oct 16, 2025 John Mazarakis N/A Purchase 8.00K $12.75 $102.00K
Oct 15, 2025 Jason D Papastavrou N/A Purchase 10.00K $12.62 $126.20K
Oct 15, 2025 Jason D Papastavrou N/A Purchase 8.00K $12.70 $101.60K
Oct 14, 2025 Brandon Konigsberg N/A Purchase 7.00K $12.33 $86.31K
Oct 14, 2025 David Kite N/A Purchase 2.50K $12.31 $30.78K
Oct 14, 2025 Peter Sack N/A Purchase 8.15K $12.43 $101.30K
Oct 01, 2025 John Mazarakis N/A Purchase 7.50K $12.43 $93.23K

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 1.43M Mar 31, 2026 5.56% $0.00 -1.06%
Fielder Capital Group LLC 959.80K Mar 31, 2026 3.75% $2.37 15.34%
Vanguard Capital Management, LLC 727.85K Mar 31, 2026 2.84% $0.00 0.00%
State Street Corp 510.53K Mar 31, 2026 1.99% $0.00 -3.35%
Van Eck Associates Corporation 236.16K Mar 31, 2026 0.92% $0.00 0.00%
Segall Bryant & Hamill 188.62K Jun 30, 2026 0.74% $0.02 0.00%
CDC Financial, Inc. 163.70K Jun 30, 2026 0.64% $0.73 15.65%
Clayton Partners, LLC 155.34K Jun 30, 2026 0.61% $1.09 3.33%
CI Private Wealth LLC 152.72K Jun 30, 2026 0.60% $0.00 -2.24%
Northern Trust Corp 141.47K Mar 31, 2026 0.55% $0.00 4.25%
Connor Clark & Lunn Inv Mgmt Ltd 116.27K Mar 31, 2026 0.45% $0.00 -10.64%
Vanguard Fiduciary Trust Co 114.30K Mar 31, 2026 0.45% $0.00 0.00%
Doliver Capital Advisors, Inc. 111.01K Jun 30, 2026 0.43% $0.27 -0.72%
Vanguard Portfolio Management, LLC 104.33K Mar 31, 2026 0.41% $0.00 0.00%
Penserra Capital Management, LLC 94.78K Mar 31, 2026 0.37% $0.01 2.89%
Advisor Group Holdings, Inc. 84.05K Mar 31, 2026 0.33% $0.00 -0.50%
Quantinno Capital Management LP 75.57K Mar 31, 2026 0.29% $0.00 58.08%
Intrepid Capital Management Inc 73.92K Mar 31, 2026 0.29% $0.32 0.00%
Commonwealth Equity Services, LLC 57.98K Jun 30, 2026 0.23% $0.00 12.99%
T. Rowe Price Associates, Inc. 56.96K Mar 31, 2026 0.22% $0.00 9.13%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard MStar Total Stk Mkt Idx Invest 570.76K 2.23% ▲ 0.00% Jul 31, 2026
2 iShares Russell 2000 ETF 540.05K 2.11% ▼ 0.57% Aug 31, 2026
3 iShares Mortgage Real Estate Capped ETF 234.79K 0.92% ▲ 0.00% Aug 31, 2026
4 Vanguard Institutional Extnd Mkt Idx Tr 204.19K 0.80% ▲ 2.60% Jul 31, 2026
5 iShares Russell 2000 Value ETF 198.81K 0.78% ▼ 0.23% Aug 31, 2026
6 State St Russell Sm/Mid Cp® Indx SL Cl I 193.54K 0.76% ▲ 0.00% Jul 31, 2026
7 Russell 2000 Equity Index Fund B 132.45K 0.52% ▲ 16.45% Jun 30, 2026
8 Russell 2000 Index Non-Lendable Fund 132.45K 0.52% ▲ 16.45% Jun 30, 2026
9 Hoya Capital High Dividend Yield ETF 119.15K 0.47% ▲ 0.00% Aug 31, 2026
10 Vanguard Russell 2000 ETF 106.56K 0.42% ▼ 1.54% Jul 31, 2026

Financial Highlights

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Market Cap: $275.68M
P/E Ratio: $7.97
Book Value: $14.15
Dividend/Share: $1.88
Dividend Yield: 17.36%
Earnings/Share: $1.35
Profit Margin: 60.21%
Operating Margin: 62.67%
ROA (TTM): 6.41%
ROE (TTM): 9.61%
Revenue (TTM): $48.84M
Revenue/Share (TTM): $2.31
Earnings Growth (YOY): -17.10%
Revenue Growth (YOY): -7.50%

Valuation Metrics

Enterprise Value: $402.83M
Trailing P/E: 7.97
Forward P/E: 5.79

Shares Statistics

Shares Outstanding: 25.62M
Shares Float: 22.67M
% Insiders: 11.51%
% Institutions: 29.59%
Short % Float: 4.91%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

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Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$63.10M
Cost of Goods Sold
adjust
$-8.28M
Gross Profit
subtotal
$54.82M
SG&A
adjust
$-8.67M
Other Operating Expense
adjust
$-10.14M
Operating Income
subtotal
$36.01M
Net Income
subtotal
$36.01M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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