Chicago Atlantic Real Estate Finance, Inc. (REFI)

REFI Statistics

Total Valuation

REFI has a market cap or net worth of $260.97 million. The enterprise value is $344.46 million.

Market Cap	260.97M
Enterprise Value	344.46M

Important Dates

The last earnings date was Thursday, March 12, 2026, before market open.

Earnings Date	Mar 12, 2026
Ex-Dividend Date	Mar 31, 2026

Share Statistics

REFI has 21.08 million shares outstanding. The number of shares has increased by 8.71% in one year.

Current Share Class	21.08M
Shares Outstanding	21.08M
Shares Change (YoY)	+8.71%
Shares Change (QoQ)	-0.00%
Owned by Insiders (%)	14.22%
Owned by Institutions (%)	31.57%
Float	18.04M

Valuation Ratios

The trailing PE ratio is 7.37 and the forward PE ratio is 7.19.

PE Ratio	7.37
Forward PE	7.19
PS Ratio	4.77
Forward PS	4.04
PB Ratio	0.85
P/TBV Ratio	0.85
P/FCF Ratio	n/a
P/OCF Ratio	9.06
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	9.57
EV / Sales	6.30
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 25.91, with a Debt / Equity ratio of 0.32.

Current Ratio	25.91
Quick Ratio	25.91
Debt / Equity	0.32
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 11.68%.

Return on Equity (ROE)	11.68%
Return on Assets (ROA)	8.37%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	4.17%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	n/a
Asset Turnover	0.13
Inventory Turnover	n/a

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -20.28% in the last 52 weeks. The beta is 0.27, so REFI's price volatility has been lower than the market average.

Beta (5Y)	0.27
52-Week Price Change	-20.28%
50-Day Moving Average	12.23
200-Day Moving Average	13.08
Relative Strength Index (RSI)	55.99
Average Volume (20 Days)	134,815

Short Selling Information

The latest short interest is 518,776, so 2.46% of the outstanding shares have been sold short.

Short Interest	518,776
Short Previous Month	487,085
Short % of Shares Out	2.46%
Short % of Float	2.88%
Short Ratio (days to cover)	3.89

Income Statement

In the last 12 months, REFI had revenue of $54.66 million and earned $36.01 million in profits. Earnings per share was $1.68.

Revenue	54.66M
Gross Profit	54.66M
Operating Income	35.85M
Pretax Income	36.01M
Net Income	36.01M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$1.68

Balance Sheet

The company has $14.95 million in cash and $98.43 million in debt, with a net cash position of -$83.49 million or -$3.96 per share.

Cash & Cash Equivalents	14.95M
Total Debt	98.43M
Net Cash	-83.49M
Net Cash Per Share	-$3.96
Equity (Book Value)	307.81M
Book Value Per Share	14.60
Working Capital	408.28M

Cash Flow

Operating Cash Flow	28.79M
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross margin is 100.00%, with operating and profit margins of 65.58% and 65.88%.

Gross Margin	100.00%
Operating Margin	65.58%
Pretax Margin	65.88%
Profit Margin	65.88%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.88, which amounts to a dividend yield of 15.19%.

Dividend Per Share	$1.88
Dividend Yield	15.19%
Dividend Growth (YoY)	-8.74%
Years of Dividend Growth	n/a
Payout Ratio	111.90%
Buyback Yield	-8.71%
Shareholder Yield	6.46%
Earnings Yield	13.80%
FCF Yield	n/a

Analyst Forecast

The average price target for REFI is $20.00, which is 61.55% higher than the current price. The consensus rating is "Buy".

Price Target	$20.00
Price Target Difference	61.55%
Analyst Consensus	Buy
Analyst Count	1
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Altman Z-Score	n/a
Piotroski F-Score	5