CHICAGO ATLANTIC REAL ESTATE FINAN (REFI)
Financials · Commercial Mortgage REIT · NASDAQ
A mortgage REIT that originates and invests in first-lien commercial real estate loans, generating income through interest and origination fees while maintaining a diversified portfolio of non-agency mortgages.
What CHICAGO ATLANTIC REAL ESTATE FINAN does
Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage REIT that originates and holds a portfolio of first-lien loans secured by commercial real estate properties. The company generates revenue primarily through interest income on its loan portfolio, with net interest income comprising the bulk of earnings after funding costs. The company operates via an externally-managed structure with a Manager handling all operations, underwriting, and loan origination activities.
Themes: ["Commercial real estate lending"]
Fundamentals
- Price$10.69 as of 2026-07-09 close
- Market cap$228M as of 2026-07-10
- 1-year return-23.5% as of 2026-07-09 close
- P/E7.40 as of 2026-07-10
- Net margin+48.9% as of 2026-07-10
- Gross margin+88.0% as of 2026-07-10
- ROE+10.0% as of 2026-07-10
- Debt / equity0.38 as of 2026-07-10
- Revenue growth (YoY)+2.0% as of 2026-07-10
- Beta0.33 as of 2026-07-10
Dividend: yield +17.6%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Credit risk exposure to commercial real estate borrowers, as evidenced by the significant increase in provision for current expected credit losses ($3.8M in Q1 2026 vs. $1.1M benefit in Q1 2025), indicating deteriorating loan portfolio quality"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.