Chicago Atlantic Real Estate Finance (REFI) Stock Price, News & Analysis

Company Overview

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019. The company maintains a diversified portfolio of first mortgage and other senior real estate loans, typically structured with floating-rate coupons and incorporating robust credit underwriting. In addition to direct lending, REFI may invest in preferred equity and subordinated debt positions when consistent with its risk-return objectives.

REFI is externally managed and advised by Chicago Atlantic Real Estate LLC, a real estate finance firm led by CEO Stephen S. Knight and a management team with deep experience in commercial mortgage markets. This alignment of interests seeks to blend specialized origination capabilities with prudent credit risk management, supported by a network of institutional relationships and regional operating partners.

Through disciplined investment processes and geographic diversification, Chicago Atlantic Real Estate Finance aims to provide shareholders with stable dividend streams and potential for capital appreciation, while financing middle-market real estate borrowers across key U.S. markets.

Key Stats

• Today's Range: $11.13 to $11.39
• 50-Day Range: $10.99 to $12.48
• 52-Week Range: $10.74 to $15.10
• Volume: 110,884 shs
• Average Volume: 154,087 shs
• Market Capitalization: $239.53 million
• P/E Ratio: 7.85
• Dividend Yield: 16.64%
• Price Target: $14.00
• Consensus Rating: Reduce

Chicago Atlantic Real Estate Finance Stock Analysis - MarketRank™

Chicago Atlantic Real Estate Finance scored higher than 74% of companies evaluated by MarketBeat, and ranked 193rd out of 884 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Reduce

Consensus Rating

Chicago Atlantic Real Estate Finance has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no strong buy ratings, no buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

Chicago Atlantic Real Estate Finance has a consensus price target of $14.00, representing about 23.9% upside from its current price of $11.30.

Amount of Analyst Coverage

Chicago Atlantic Real Estate Finance has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 0.57%

Earnings Growth

Earnings for Chicago Atlantic Real Estate Finance are expected to grow by 0.57% in the coming year, from $1.74 to $1.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Chicago Atlantic Real Estate Finance is 7.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of Chicago Atlantic Real Estate Finance is 7.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.63.

Price to Book Value per Share Ratio

Chicago Atlantic Real Estate Finance has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.68% of the float of Chicago Atlantic Real Estate Finance has been sold short.

Short Interest Ratio / Days to Cover

Chicago Atlantic Real Estate Finance has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Chicago Atlantic Real Estate Finance has recently decreased by 15.82%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Chicago Atlantic Real Estate Finance is a leading dividend payer. It pays a dividend yield of 16.61%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Chicago Atlantic Real Estate Finance has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of Chicago Atlantic Real Estate Finance is 130.56%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Chicago Atlantic Real Estate Finance will have a dividend payout ratio of 107.43% in the coming year. This indicates that Chicago Atlantic Real Estate Finance may not be able to sustain their current dividend.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for Chicago Atlantic Real Estate Finance this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for REFI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

2 people have added Chicago Atlantic Real Estate Finance to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.6 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Chicago Atlantic Real Estate Finance insiders have not sold or bought any company stock.

Percentage Held by Insiders

8.30% of the stock of Chicago Atlantic Real Estate Finance is held by insiders.

Percentage Held by Institutions

25.48% of the stock of Chicago Atlantic Real Estate Finance is held by institutions.

Company Calendar

• Record date for 4/15 Dividend: 3/31/2026
• Ex-Dividend for 4/15 Dividend: 3/31/2026
• Dividend Payable: 4/15/2026
• Last Earnings: 5/07/2026
• Today: 5/19/2026
• Next Earnings (Estimated): 8/06/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Trading
• Current Symbol: NASDAQ:REFI
• CIK: 1867949
• Web: www.chicagoatlanticcredit.com
• Phone: 312-809-7002
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Chicago Atlantic Real Estate Finance: $14.00
• High Price Target: $14.00
• Low Price Target: $14.00
• Potential Upside/Downside: +23.9%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.44
• Trailing P/E Ratio: 7.85
• Forward P/E Ratio: 6.49
• P/E Growth: N/A
• Net Income: $36.01 million
• Net Margins: 55.54%
• Pretax Margin: 55.54%
• Return on Equity: 11.98%
• Return on Assets: 8.46%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $55.43 million
• Price / Sales: 4.32
• Cash Flow: $1.68 per share
• Price / Cash Flow: 6.74
• Book Value: $14.60 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 21,207,000
• Free Float: 19,447,000
• Market Cap: $239.53 million
• Optionable: Optionable
• Beta: 0.25