Chicago Atlantic Real Estate Finance, Inc. (REFI)
| Market Cap | 299.33M |
| Revenue (ttm) | 56.86M |
| Net Income (ttm) | 38.52M |
| Shares Out | 19.63M |
| EPS (ttm) | 2.00 |
| PE Ratio | 7.62 |
| Forward PE | 7.90 |
| Dividend | $2.06 (13.51%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 58,152 |
| Open | 15.33 |
| Previous Close | 15.30 |
| Day's Range | 15.17 - 15.33 |
| 52-Week Range | 14.82 - 16.75 |
| Beta | 0.29 |
| Analysts | Strong Buy |
| Price Target | 20.00 (+31.19%) |
| Earnings Date | Nov 7, 2024 |
About REFI
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry. The company 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 ... [Read more]
Financial Performance
In 2023, REFI's revenue was $56.21 million, an increase of 24.99% compared to the previous year's $44.97 million. Earnings were $38.71 million, an increase of 19.87%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for REFI stock is "Strong Buy." The 12-month stock price forecast is $20.0, which is an increase of 31.19% from the latest price.
News
3 Marijuana Stocks For Investors To Know In 2025
More marijuana stock investors are focused on the potential that 2025 brings. The legal cannabis industry is expected to see further growth. But what will this growth look like and who will benefit fr...
Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2024
Declares Special Dividend of $0.18 per Common Share for 2024 Tax Year Declares Special Dividend of $0.18 per Common Share for 2024 Tax Year
Chicago Atlantic and Lineage Merchant Partners Announce Transformative Merger Agreements in the Cannabis Industry
CHICAGO--(BUSINESS WIRE)--Chicago Atlantic announces transformative merger agreements in Cannabis industry, positioning Vireo to create a comprehensive platform for operators.
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Chicago Atlantic REFI REFI stands out in the cannabis finance sector, receiving an “Overweight” rating from senior analyst Pablo Zuanic at Zuanic & Associates. With a near 14% dividend yield, REFI off...
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Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 2024 Earnings Call Transcript
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Peter Sack - Co-Chief Exe...
Chicago Atlantic Secures BBB+ Rating And $50M Loan To Enhance Liquidity In Cannabis Lending
Chicago Atlantic Real Estate Finance, Inc. REFI, a leading commercial mortgage real estate investment trust (REIT), has announced the closure of a $50 million unsecured term loan with two institutiona...
Chicago Atlantic Real Estate Finance Closes on $50 Million Unsecured Term Loan to Fund Deployment of New Investments
CHICAGO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today an...
Chicago Atlantic Real Estate Finance Schedules Third Quarter 2024 Earnings Release and Conference Call Date
CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announce...
Chicago Atlantic and Silver Spike Close Loan Portfolio Acquisition and Joint Venture Transactions
CHICAGO--(BUSINESS WIRE)--Chicago Atlantic and Silver Spike have closed loan portfolio acquisition and joint venture transactions.
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Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2024 Earnings Call Transcript
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations John Mazarakis - Executive...
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The cannabis industry has seen massive growth over the last several years. This success has led to many investing and taking profits. Cannabis once viewed as a taboo substance has turned into one of t...
Chicago Atlantic Real Estate Finance Schedules Second Quarter 2024 Earnings Release and Conference Call Date
CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announce...
Cannabis Property Funds Control Over $4.5B: Are Investors Missing Out On High Dividend Stocks?
With increasing state-level legalizations, real estate investment trusts (REITs) such as Innovative Industrial Properties, Inc. IIPR NewLake Capital Partners, Inc. NLCP and Chicago Atlantic Real Estat...
Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Second Quarter of 2024
CHICAGO, June 14, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage real estate investment trust, announced that its board of directors has decl...
Could Cannabis REITs Begin Growing Like A Weed?
More states are legalizing cannabis. Conflicting federal and state laws are providing an opportunity for real estate investment trusts. REITs are stepping in to provide capital to the cannabis industr...
Chicago Atlantic Real Estate Finance: 12% Dividend Yield As Cannabis Set For Reclassification
Chicago Atlantic Real Estate Finance is a lender to US cannabis operators with total loan commitments of roughly $401.3 million. REFI is currently trading at an 8.4x multiple to annualized first-quart...
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Tim Anderson Joins Chicago Atlantic to Lead Institutional Business Development
CHICAGO--(BUSINESS WIRE)--Tim Anderson, known institutional capital raiser, has joined Chicago Atlantic to lead the firm's institutional fundraising efforts.