Chicago Atlantic Real Estate Finance (REFI) Projected to Post Quarterly Earnings on Tuesday

Key Points

• Q3 2026 earnings are expected before the market opens Tuesday, November 10. Analysts forecast earnings of $0.50 per share on $14.95 million in revenue, compared with the prior quarter’s $0.43 EPS and $12.61 million in revenue.
• REFI shares opened at $8.86, near their 12-month low of $8.76, while the company’s quarterly dividend implies a 21.2% yield. The $0.47-per-share dividend represents a $1.88 annualized payout.
• Analyst sentiment is mixed, with an average rating of “Hold” and a $15.33 consensus price target; insiders have recently bought 122,856 shares valued at approximately $1.29 million.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) is projected to announce its Q3 2026 results before the market opens on Tuesday, November 10th. Analysts expect Chicago Atlantic Real Estate Finance to post earnings of $0.50 per share and revenue of $14.95 million for the quarter. Investors can find conference call details on the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, November 10, 2026 at 9:00 AM ET.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.05). The firm had revenue of $12.61 million during the quarter, compared to analyst estimates of $14.17 million. Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%. On average, analysts expect Chicago Atlantic Real Estate Finance to post $1.72 EPS for the current fiscal year and $1.80 EPS for the next fiscal year.

Chicago Atlantic Real Estate Finance Stock Up 0.2%

NASDAQ REFI opened at $8.86 on Tuesday. The stock has a market capitalization of $226.99 million, a PE ratio of 6.47 and a beta of 0.26. The company has a 50 day moving average price of $10.11 and a two-hundred day moving average price of $11.11. Chicago Atlantic Real Estate Finance has a 12-month low of $8.76 and a 12-month high of $13.49.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 21.2%. Chicago Atlantic Real Estate Finance's dividend payout ratio is 137.23%.

Analyst Ratings Changes

A number of research firms have recently weighed in on REFI. Weiss Ratings downgraded shares of Chicago Atlantic Real Estate Finance from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Atlantic Securities set a $16.00 price target on Chicago Atlantic Real Estate Finance in a research report on Wednesday, August 12th. Citizens Jmp decreased their price target on Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a "market outperform" rating for the company in a research note on Wednesday, August 12th. Citigroup reiterated a "market outperform" rating on shares of Chicago Atlantic Real Estate Finance in a research note on Wednesday, August 12th. Finally, Zacks Research lowered Chicago Atlantic Real Estate Finance from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.33.

Insider Buying and Selling

In other news, CEO Anthony Cappell bought 45,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average price of $10.40 per share, for a total transaction of $468,000.00. Following the acquisition, the chief executive officer directly owned 466,706 shares of the company's stock, valued at $4,853,742.40. The trade was a 10.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Peter Sack bought 3,500 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of $10.45 per share, for a total transaction of $36,575.00. Following the acquisition, the chief executive officer directly owned 123,356 shares in the company, valued at approximately $1,289,070.20. This trade represents a 2.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 122,856 shares of company stock valued at $1,287,094. Company insiders own 6.50% of the company's stock.

Chicago Atlantic Real Estate Finance Company Profile

Chicago Atlantic Real Estate Finance, Inc NASDAQ: REFI is a specialty finance company organized as a real estate investment trust (REIT). The company focuses on originating, acquiring, and managing commercial real estate loans and other credit investments, with an emphasis on opportunities in the cannabis industry.

Chicago Atlantic Real Estate Finance primarily provides senior secured loans to state-licensed cannabis operators, cultivators, processors, dispensaries, and related businesses.

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