Chicago Atlantic Real Estate Finance, Inc. (REFI)

REFI Statistics

Total Valuation

REFI has a market cap or net worth of $293.57 million. The enterprise value is $378.42 million.

Market Cap	293.57M
Enterprise Value	378.42M

Important Dates

The last earnings date was Thursday, August 7, 2025, before market open.

Earnings Date	Aug 7, 2025
Ex-Dividend Date	Jun 30, 2025

Share Statistics

REFI has 21.07 million shares outstanding. The number of shares has increased by 9.79% in one year.

Current Share Class	21.07M
Shares Outstanding	21.07M
Shares Change (YoY)	+9.79%
Shares Change (QoQ)	+1.04%
Owned by Insiders (%)	13.97%
Owned by Institutions (%)	30.45%
Float	18.09M

Valuation Ratios

The trailing PE ratio is 7.58 and the forward PE ratio is 8.05.

PE Ratio	7.58
Forward PE	8.05
PS Ratio	5.00
Forward PS	4.45
PB Ratio	0.95
P/TBV Ratio	0.95
P/FCF Ratio	n/a
P/OCF Ratio	12.17
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	9.95
EV / Sales	6.68
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 19.87, with a Debt / Equity ratio of 0.39.

Current Ratio	19.87
Quick Ratio	19.87
Debt / Equity	0.39
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 12.63%.

Return on Equity (ROE)	12.63%
Return on Assets (ROA)	9.04%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
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 -8.23% in the last 52 weeks. The beta is 0.28, so REFI's price volatility has been lower than the market average.

Beta (5Y)	0.28
52-Week Price Change	-8.23%
50-Day Moving Average	13.87
200-Day Moving Average	14.94
Relative Strength Index (RSI)	54.60
Average Volume (20 Days)	108,446

Short Selling Information

The latest short interest is 460,775, so 2.19% of the outstanding shares have been sold short.

Short Interest	460,775
Short Previous Month	431,498
Short % of Shares Out	2.19%
Short % of Float	2.55%
Short Ratio (days to cover)	4.60

Income Statement

In the last 12 months, REFI had revenue of $56.61 million and earned $38.05 million in profits. Earnings per share was $1.84.

Revenue	56.61M
Gross Profit	56.61M
Operating Income	38.05M
Pretax Income	37.29M
Net Income	38.05M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$1.84

Balance Sheet

The company has $35.56 million in cash and $120.42 million in debt, giving a net cash position of -$84.85 million or -$4.03 per share.

Cash & Cash Equivalents	35.56M
Total Debt	120.42M
Net Cash	-84.85M
Net Cash Per Share	-$4.03
Equity (Book Value)	310.03M
Book Value Per Share	14.71
Working Capital	432.11M

Cash Flow

Operating Cash Flow	24.12M
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 67.22% and 67.22%.

Gross Margin	100.00%
Operating Margin	67.22%
Pretax Margin	67.22%
Profit Margin	67.22%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $2.06, which amounts to a dividend yield of 14.79%.

Dividend Per Share	$2.06
Dividend Yield	14.79%
Dividend Growth (YoY)	-5.07%
Years of Dividend Growth	n/a
Payout Ratio	112.09%
Buyback Yield	-9.79%
Shareholder Yield	5.00%
Earnings Yield	12.96%
FCF Yield	n/a

Analyst Forecast

The average price target for REFI is $20.00, which is 43.58% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$20.00
Price Target Difference	43.58%
Analyst Consensus	Strong Buy
Analyst Count	3
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	3