Chicago Atlantic Real Estate Finance, Inc. (REFI)

NASDAQ: REFI · Real-Time Price · USD
12.63
+0.25 (2.02%)
Jan 14, 2026, 4:00 PM EST - Market closed
2.02%
Market Cap266.18M
Revenue (ttm)54.29M
Net Income (ttm)35.77M
Shares Out 21.08M
EPS (ttm)1.69
PE Ratio7.45
Forward PE7.28
Dividend$2.06 (16.31%)
Ex-Dividend DateDec 31, 2025
Volume146,251
Open12.33
Previous Close12.38
Day's Range12.33 - 12.65
52-Week Range11.85 - 16.27
Beta0.27
AnalystsBuy
Price Target20.00 (+58.35%)
Earnings DateNov 4, 2025

About REFI

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust 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 first mortgage loans to established multi-state or single-state cannabis operators or property owners. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal co... [Read more]

IPO Date Dec 8, 2021
Country United States
Stock Exchange NASDAQ
Ticker Symbol REFI
Full Company Profile

Financial Performance

In 2024, REFI's revenue was $55.53 million, a decrease of -1.20% compared to the previous year's $56.21 million. Earnings were $37.05 million, a decrease of -4.30%.

Financial Statements

Analyst Summary

According to one analyst, the rating for REFI stock is "Buy" and the 12-month stock price target is $20.0.

Price Target
$20.0
(58.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Chicago Atlantic Chief Executive Officer Peter Sack to Participate in Fireside Chat with Zuanic and Associates

NEW YORK, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), and Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) announced that Chief Executive Officer Peter Sack w...

1 day ago - GlobeNewsWire

3 Marijuana Stocks That Can Make You Money In 2026

What are the thoughts and strategies for marijuana stock investors in 2026? This year will be another turning point for the cannabis industry as a whole. Particularly in the United States, 2026 is gea...

Other symbols: IIPR
5 days ago - MarijuanaStocks

Income-Focused Ancillary Cannabis Stocks to Watch Heading Into 2026

The U.S. cannabis industry continues to evolve as legalization momentum slowly expands. Sales have grown across both medical and adult-use markets. Analysts expect long-term demand to keep rising as m...

Other symbols: IIPR
15 days ago - MarijuanaStocks

3 Cannabis REITs Investors Are Watching Closely in December 2025

Cannabis real estate investment trusts remain a unique way to gain sector exposure. Instead of selling cannabis, these companies collect rent or interest. As a result, they reduce direct operational r...

Other symbols: IIPR
22 days ago - MarijuanaStocks

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2025

CHICAGO, Dec. 19, 2025 (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...

26 days ago - GlobeNewsWire

November Readers Identified 12 Ideal "Safer" Dividends In 40 Dogs

Top ten ReFa/Ro Dogs are projected to deliver 25.31%–74.17% net gains by November 2026, with a 45.85% average gain on $10k invested. All top ten ReFa/Ro Dogs meet the 'ideal' test: dividends from $1k ...

4 weeks ago - Seeking Alpha

Buy Any Of Santa's 14 Ideal Safer Dividend Power Dogs

The December Dividend Power list identifies 35 high-yield stocks, with 14 offering 'safer' dividends backed by free cash flow yields exceeding dividend yields. Top actionable picks include Annaly Capi...

4 weeks ago - Seeking Alpha

Cannabis REITs to Watch This December

Ancillary cannabis companies remain a fascinating part of the industry because they help it operate without touching the plant. These companies supply real estate, financing, or essential services. Be...

Other symbols: IIPR
5 weeks ago - MarijuanaStocks

3 Top Marijuana Stocks To Watch In Today's Stock Market

The push for better cannabis reform is and seems to be an ongoing battle. Now, from the time the first state legalized cannabis, there has been tremendous growth and opportunity. This led other states...

Other symbols: IIPR
6 weeks ago - MarijuanaStocks

Three Leading Ancillary Cannabis Stocks Poised for Growth in November 2025

The ancillary cannabis sector continues to draw new interest as the industry navigates a shifting landscape in late 2025. Many investors remain cautious about traditional plant-touching companies beca...

Other symbols: IIPR
7 weeks ago - MarijuanaStocks

Dividend Power Dogs: 12 Ideal Safer November Stars

Of 35 November Dividend Power Dogs, 12 are recommended for "safer" dividends, with free-cash-flow-yields exceeding dividend-yields, and returns from $1,000 invested equaling-or-exceeding share-price, ...

2 months ago - Seeking Alpha

Cannabis REITs and Financing Firms to Consider in November 2025

The U.S. cannabis sector continues to expand as more states adopt medical or adult-use legalization. Although plant-touching companies attract most headlines, ancillary cannabis stocks have become inc...

Other symbols: IIPR
2 months ago - MarijuanaStocks

3 Top Marijuana Stocks For Better Investing And Larger Profits In 2026

The continuous evolution and future outlook on legal cannabis is what keeps investors in the game. After a long battle to see any true stable trading momentum, it has for some time worked the same for...

Other symbols: IIPR
2 months ago - MarijuanaStocks

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 2025 Earnings Call Transcript

Chicago Atlantic Real Estate Finance, Inc. ( REFI) Q3 2025 Earnings Call November 4, 2025 9:00 AM EST Company Participants Peter Sack - Co-CEO & Director of Chicago Atlantic REIT Manager, LLC David K...

2 months ago - Seeking Alpha

Dividend Power Dogs: 13 Ideal Safer October Stars

Thirteen of 35 October Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuse...

3 months ago - Seeking Alpha

Top 3 Cannabis REITs to Watch in October 2025: Dividend Income Meets Industry Growth

The U.S. cannabis industry continues to expand rapidly, with sales projected to surpass $40 billion in 2025. Analysts expect nationwide revenue could exceed $70 billion by 2030 as more states legalize...

Other symbols: IIPR
3 months ago - MarijuanaStocks

Directors and Officers of Chicago Atlantic Real Estate Finance Purchase 54,000 Shares of Common Stock on the Open Market

CHICAGO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today an...

3 months ago - GlobeNewsWire

Chicago Atlantic Real Estate Finance Schedules Third Quarter 2025 Earnings Release and Conference Call Date

CHICAGO, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announce...

3 months ago - GlobeNewsWire

Chicago Atlantic's Strong Portfolio Portends Better Than Market Returns

Chicago Atlantic Real Estate Finance (REFI) is a commercial mREIT specializing in senior, secured loans to landlords serving the US cannabis industry. REFI trades at a notable discount to its underlyi...

3 months ago - Seeking Alpha

3 Cannabis REITs Leading the Marijuana Stock Market in October 2025

The cannabis real estate sector is drawing renewed attention this week. Amid volatility in broader markets, top cannabis REITs stand out as vehicles to access cannabis industry upside without touching...

Other symbols: IIPR
3 months ago - MarijuanaStocks

Dividend Power Dogs: 12 Ideal 'Safer' September Stars

The Dividend Power strategy highlights 35 high-yield stocks, with 12 'safer' picks offering free cash flow yields above dividend yields and fair valuations. Top five 'safer' Dividend Power stocks for ...

4 months ago - Seeking Alpha

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2025

CHICAGO, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial mortgage real estate investment trust, announced that its board of directors has dec...

4 months ago - GlobeNewsWire

Best Ancillary Marijuana Stocks for Investors This Week: REITs and Financing Leaders

The U.S. cannabis industry continues to show resilience despite market challenges. In 2024, sales exceeded $33 billion nationwide, and analysts project annual revenues could surpass $50 billion by 203...

Other symbols: IIPR
4 months ago - MarijuanaStocks

Top Cannabis REITs to Watch This Week for Strong Dividend Income

The cannabis REIT sector continues to attract attention from income-focused investors this week. The US cannabis industry generated nearly $36 billion in legal sales in 2024. Furthermore, analysts pro...

Other symbols: IIPR
5 months ago - MarijuanaStocks

Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2025 Earnings Call Transcript

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Q2 2025 Earnings Conference Call August 7, 2025 9:00 AM ET Company Participants David Kite - Chief Operating Officer of Chicago Atlantic REIT ...

5 months ago - Seeking Alpha