Chicago Atlantic Real Estate Finance, Inc. (REFI)

NASDAQ: REFI · Real-Time Price · USD
11.00
+0.04 (0.36%)
Jun 24, 2026, 9:30 AM EDT - Market open
Market Cap233.28M -22.5%
Revenue (ttm)49.83M -12.3%
Net Income30.81M -19.7%
EPS1.44 -23.4%
Shares Out 21.21M
PE Ratio7.81
Forward PE6.22
Dividend$1.88 (16.71%)
Ex-Dividend DateJun 30, 2026
Volume3,270
Open11.00
Previous Close10.96
Day's Range10.91 - 11.22
52-Week Range10.74 - 14.59
Beta0.30
AnalystsBuy
Price Target16.38 (+48.91%)
Earnings DateAug 6, 2026

About REFI

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 ... [Read more]

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

Financial Performance

In 2025, REFI's revenue was $54.66 million, a decrease of -1.58% compared to the previous year's $55.53 million. Earnings were $36.01 million, a decrease of -2.79%.

Financial Statements

Analyst Summary

According to 5 analysts, the average rating for REFI stock is "Buy." The 12-month stock price target is $16.38, which is an increase of 48.91% from the latest price.

Price Target
$16.38
(48.91% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Chicago Atlantic Real Estate Finance Transcript: M&A announcement

A merger between two complementary lending platforms will create a larger, more diversified entity focused on cannabis and middle market lending. The all-stock deal, expected to close in Q4 2026, aims to unlock value, improve access to capital, and enhance operational efficiency.

6 days ago - Transcripts

Chicago Atlantic Real Estate Finance Press release: M&A announcement

Chicago Atlantic Real Estate Finance issued a press release on June 18, 2026, disclosing material business information to investors.

6 days ago - Filings

Chicago Atlantic Real Estate Finance Slides: M&A announcement

Chicago Atlantic Real Estate Finance has posted slides in relation to its latest quarterly earnings report, which was published on June 18, 2026.

6 days ago - Filings

Chicago Atlantic Real Estate Finance Proxy statement: Proxy filing

Chicago Atlantic Real Estate Finance filed a proxy statement on June 18, 2026, providing details for shareholder voting and corporate governance matters.

6 days ago - Filings

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Second Quarter of 2026

CHICAGO, June 17, 2026 (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...

7 days ago - GlobeNewsWire

Cannabis REITs Gaining Momentum in 2026: 3 Stocks to Watch

The cannabis sector continues attracting investors in 2026. However, many traders now prefer cannabis REITs over traditional marijuana stocks. These companies offer exposure to the industry while also...

Other symbols: IIPR
4 weeks ago - MarijuanaStocks

Chicago Atlantic Real Estate Finance Earnings Call Transcript: Q1 2026

Stable Q1 2026 results with $13.1M net interest income and a $414M loan portfolio, despite macro volatility. Federal rescheduling of medical marijuana is expected to improve borrower credit profiles, while risk ratings and CECL reserves increased due to specific loans.

6 weeks ago - Transcripts

Chicago Atlantic Real Estate Finance Quarterly report: Q1 2026

Chicago Atlantic Real Estate Finance has published its Q1 2026 quarterly earnings report on May 7, 2026.

6 weeks ago - Filings

Chicago Atlantic Real Estate Finance Earnings release: Q1 2026

Chicago Atlantic Real Estate Finance released its Q1 2026 earnings on May 7, 2026, summarizing the period's financial results.

6 weeks ago - Filings

Chicago Atlantic Real Estate Finance Slides: Q1 2026

Chicago Atlantic Real Estate Finance has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 7, 2026.

6 weeks ago - Filings

Chicago Atlantic Real Estate Finance Announces First Quarter 2026 Financial Results

CHICAGO, May 07, 2026 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today ann...

6 weeks ago - GlobeNewsWire

Top 3 Cannabis REIT Stocks to Watch in May 2026 for High Dividend Income

The cannabis sector continues to shift in 2026. Regulatory changes remain a major catalyst. In particular, federal reform discussions are once again gaining attention. If progress happens, operators c...

Other symbols: IIPR
7 weeks ago - MarijuanaStocks

Chicago Atlantic Real Estate Finance Proxy statement: Proxy filing

Chicago Atlantic Real Estate Finance filed a proxy statement on April 23, 2026, providing details for shareholder voting and corporate governance matters.

2 months ago - Filings

Chicago Atlantic Real Estate Finance Schedules First Quarter 2026 Earnings Release and Conference Call Date

CHICAGO, April 16, 2026 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announc...

2 months ago - GlobeNewsWire

3 Cannabis REITs Positioned for Growth in 2026

The cannabis sector continues evolving in 2026, and REITs are gaining attention again. These companies offer exposure without directly selling cannabis. Instead, they generate income through leasing a...

Other symbols: IIPR
2 months ago - MarijuanaStocks

Best Cannabis REITs and Lenders to Watch This April 2026

The U.S. cannabis industry continues to expand despite regulatory uncertainty. However, ancillary companies remain critical to its long-term growth. These businesses provide real estate and financing ...

Other symbols: IIPR
2 months ago - MarijuanaStocks

Top 3 Cannabis REITs to Watch in March 2026 for High Dividend Income

The cannabis sector continues evolving as new catalysts reshape long-term growth expectations. Federal rescheduling discussions remain a major driver for the industry. In fact, potential policy change...

Other symbols: IIPR
3 months ago - MarijuanaStocks

Chicago Atlantic downgraded to Perform from Outperform at Oppenheimer

Oppenheimer downgraded Chicago Atlantic (REFI) to Perform from Outperform.

3 months ago - TheFly

Oppenheimer downgrades Chicago Atlantic after non-accruals doubled

Oppenheimer analyst Mitchel Penn downgraded Chicago Atlantic (REFI) to Perform from Outperform with an unchanged price target of $14 following the Q4 report. The company’s non-accruals doubled quarter...

3 months ago - TheFly

Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the First Quarter of 2026

CHICAGO, March 16, 2026 (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...

3 months ago - GlobeNewsWire

Chicago Atlantic Real Estate Finance Earnings Call Transcript: Q4 2025

Loan portfolio reached $411M with a 16.3% yield, net interest income rose 4% sequentially, and the pipeline expanded to $616M. Regulatory rescheduling is driving demand but not competition, and portfolio risk is well-managed with strong rate protections.

3 months ago - Transcripts

Chicago Atlantic Real Estate Finance Earnings release: Q4 2025

Chicago Atlantic Real Estate Finance released its Q4 2025 earnings on March 12, 2026, summarizing the period's financial results.

3 months ago - Filings

Chicago Atlantic Real Estate Finance Annual report: Q4 2025

Chicago Atlantic Real Estate Finance has published its Q4 2025 annual report on March 12, 2026.

3 months ago - Filings

Chicago Atlantic Real Estate Finance Slides: Q4 2025

Chicago Atlantic Real Estate Finance has posted slides in relation to its Q4 2025 quarterly earnings report, which was published on March 12, 2026.

3 months ago - Filings

Chicago Atlantic Real Estate Finance Annual report: Q4 2025

Chicago Atlantic Real Estate Finance has published its Q4 2025 annual report on March 12, 2026.

3 months ago - Filings