Chicago Atlantic Real Estate Finance Inc (REFI)

Official site

REAL ESTATE • REIT - MORTGAGE • NASDAQ

$9.39

+0.25 (+2.74%)

Market Cap: $233.41M

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

45%(9/20)

Avg Surprise

-5.41%

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$0.38

Range$0.35 - $0.41

2 analysts

EPS RevisionsNo revisions (7d)

30d

EPS Estimate DriftChange to current

90d ago$0.46-18.1%

60d ago$0.46-18.1%

30d ago$0.47-19.5%

7d ago$0.47-19.5%

Current$0.38

Revenue Consensus

$14M

Range$14M - $14M

1 analysts

Period ending Dec 31, 2026

EPS Consensus$0.05

Range$-0.01 - $0.12

2 analysts

Revenue Consensus

$12M

Range$12M - $12M

1 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.05	$-0.01 - $0.12	-	-	2	-	-
Sep 30, 2026Sep 26EST	-	$0.38	$0.35 - $0.41	-	-	2	0 1 30d	-
Jun 30, 2026Jun 26 Reported Aug 11, 2026Reported Aug 11	$0.38	$0.44	$0.40 - $0.49	-13.64%	Miss	5	1 2 30d	-19.1%
Mar 31, 2026Mar 26 Reported May 7, 2026Reported May 7	$0.23	$0.44	$0.36 - $0.50	-47.73%	Miss	5	1 1 30d	-51.1%
Dec 31, 2025Dec 25 Reported Mar 12, 2026Reported Mar 12	$0.38	$0.46	$0.31 - $0.46	-16.67%	Miss	4	0 3 30d	-9.5%
Sep 30, 2025Sep 25 Reported Nov 4, 2025Reported Nov 4	$0.42	$0.46	$0.46 - $0.46	-8.70%	Miss	1	No revisions (30d)	-25.0%
Jun 30, 2025Jun 25 Reported Aug 7, 2025Reported Aug 7	$0.47	$0.42	$0.42 - $0.42	+11.90%	Beat	1	No revisions (30d)	+2.2%
Mar 31, 2025Mar 25 Reported May 7, 2025Reported May 7	$0.47	$0.44	$0.44 - $0.44	+6.82%	Beat	0	No revisions (30d)	+0.0%
Dec 31, 2024Dec 24 Reported Mar 12, 2025Reported Mar 12	$0.42	$0.44	$0.44 - $0.44	-4.55%	Miss	1	No revisions (30d)	-17.6%
Sep 30, 2024Sep 24 Reported Nov 7, 2024Reported Nov 7	$0.56	$0.51	$0.46 - $0.52	+9.80%	Beat	6	1 0 30d	+3.7%
Jun 30, 2024Jun 24 Reported Aug 7, 2024Reported Aug 7	$0.46	$0.54	$0.48 - $0.56	-14.81%	Miss	6	No revisions (30d)	-2.1%
Mar 31, 2024Mar 24 Reported May 7, 2024Reported May 7	$0.47	$0.56	$0.47 - $0.60	-16.07%	Miss	6	1 0 30d	-21.7%
Dec 31, 2023Dec 23 Reported Mar 12, 2024Reported Mar 12	$0.51	$0.51	$0.45 - $0.58	+0.00%	Beat	6	No revisions (30d)	+24.4%
Sep 30, 2023Sep 23 Reported Nov 8, 2023Reported Nov 8	$0.54	$0.53	$0.47 - $0.56	+1.89%	Beat	5	1 0 30d	-1.8%
Jun 30, 2023Jun 23 Reported Aug 9, 2023Reported Aug 9	$0.47	$0.54	$0.49 - $0.60	-12.96%	Miss	4	No revisions (30d)	+11.9%
Mar 31, 2023Mar 23 Reported May 9, 2023Reported May 9	$0.60	$0.51	$0.46 - $0.57	+17.65%	Beat	5	No revisions (30d)	+36.4%
Dec 31, 2022Dec 22 Reported Mar 9, 2023Reported Mar 9	$0.41	$0.48	$0.47 - $0.49	-14.58%	Miss	5	No revisions (30d)	-28.1%
Sep 30, 2022Sep 22 Reported Nov 9, 2022Reported Nov 9	$0.55	$0.48	$0.46 - $0.51	+14.58%	Beat	5	No revisions (30d)	+816.7%
Jun 30, 2022Jun 22 Reported Aug 9, 2022Reported Aug 9	$0.42	$0.48	$0.48 - $0.48	-12.50%	Miss	0	1 0 30d	+42.2%
Mar 31, 2022Mar 22 Reported May 12, 2022Reported May 12	$0.44	$0.40	$0.37 - $0.45	+10.00%	Beat	5	No revisions (30d)	-
Dec 31, 2021Dec 21 Reported Mar 22, 2022Reported Mar 22	$0.57	$0.33	$0.27 - $0.40	+72.73%	Beat	4	No revisions (30d)	-
Sep 30, 2021Sep 21 Reported Oct 8, 2021Reported Oct 8	$0.06	N/A	-	-91.43%	Miss	-	-	-
Mar 31, 2021Mar 21 Reported Jun 30, 2021Reported Jun 30	$0.30	$0.00	-	N/A	Beat	-	-	-

Dividends

Dividend Metrics

Forward Yield20.02%

Forward Annual Dividend$1.88

Payout Ratio151.62%

FrequencyQuarterly

Pay MonthsJan, Apr, Jul, Oct

Growth

3Y CAGR-3.62%

REFI dividend history and ex-dividend dates Run REFI in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	6.66	EV/EBITDA	0.04x
Price/FCF	N/A	FCF Yield	N/A
Profitability
Profit Margin	60.20%	Operating Margin	62.70%
ROE	9.61%	ROIC	1602.14%
Financial Health
Debt/Equity	0.47x	Interest Coverage	1145.47x
Current Ratio	0.40x	Quick Ratio	0.40x
Trading Statistics
Beta	0.34	Avg Volume	248.52K
52-Week High	$11.41	52-Week Low	$9.04

Technical Indicators Dashboard

Moving Averages

SMA 10$9.53

SMA 20$9.87

SMA 50$10.05

SMA 200$10.61

EMA 10$9.50

EMA 20$9.74

EMA 50$9.96

EMA 200$10.49

MACD

Line: -0.25Signal: -0.17Hist: -0.08

ADX

ADX: 34.7+DI: 11.3-DI: 22.1

Aroon & PSAR

Aroon Up24.0

Aroon Down96.0

PSAR$9.64

Bollinger Bands

Upper Band$10.70

Lower Band$9.03

%B Position1694%(Upper)

Band Width0.21

RSI (14-Day)

Neutral

35.9

Momentum Oscillators

Stoch %K8.4

Stoch %D5.3

Williams %R-80.9

ROC (10d)-5.4%

Momentum-0.54

CCI (20d)-94.5

MFI (14d)33.7

Volatility Measures

ATR (14d)$0.41(4.3%)

StdDev (20d)0.42

Hist Vol22.0%(Moderate)

Volume Flow

VWAP$9.35

OBV-2.5M

AD Line-495.4M

CMF (20d)-2.160

Volume Metrics

Avg Vol (20d)246.1K

Vol Ratio1.0x

VWMA (20d)$9.98

Pivot Points

R3$9.39

R2$9.30

R1$9.22

Pivot Point$9.13

S1$9.05

S2$8.96

S3$8.88

Advanced Oscillators

TSI-33.94

Ultimate Osc26.9

KST-63.33

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$15.22M	$15.16M	$16.08M	$13.69M	$14.59M	$13.04M	$13.90M	$14.46M	$13.18M	$13.24M	$15.09M	$13.82M
Cost of Revenue	$1.60M	$1.72M	$1.94M	$1.44M	$1.93M	$1.74M	$2.86M	$1.67M	$1.77M	$1.75M	$3.24M	$41.35M
Gross Profit	$13.61M	$13.45M	$14.14M	$13.69M	$14.59M	$13.04M	$13.90M	$14.46M	$13.18M	$13.24M	$15.09M	$13.78M

Operating Expenses	$3.76M	$6.56M	$5.98M	$13.69M	$14.59M	$13.04M	$13.90M	$14.46M	$13.18M	$13.24M	$5.76M	$3.88M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$2.02M	$1.66B	$2.45M	$2.23M	$2.15M	$1.85M	$2.34M	$2.10M	$2.09M	$1.92M	$5.23M	$3.39M
Operating Income	$9.86M	$6.88M	$8.16M	$10.50M	$10.95M	$12.11M	$9.33M	$13.01M	$11.02M	$10.83M	$9.33M	$-1,783,765,000

Interest Income	$15.22M	$15.16M	$16.08M	$15.25M	$16.50M	$15.11M	$15.48M	$16.26M	$15.02M	$15.34M	$16.53M	$15.18M
Interest Expense	$2.38M	$2.04M	$1.84M	$1.57M	$2.08M	$2.06M	$1.41M	$1.80M	$1.84M	$2.10M	$1.69M	$1.45M
Income Before Tax	$7.47M	$4.84M	$8.16M	$8.93M	$8.88M	$10.04M	$7.92M	$11.21M	$9.18M	$8.73M	$9.40M	$9.98M
Income Tax Expense	$0	$0	$0	$0	$0	$0	$0	$0	$9.18M	$8.73M	$9.33M	$9.98B

Net Income	$7.47M	$4.84M	$8.16M	$8.93M	$8.88M	$10.04M	$7.92M	$11.21M	$9.18M	$8.73M	$9.40M	$9.98M

EBITDA	$9.86M	$6.88M	$8.16M	$9.26B	$10.95M	$12.11M	$9.33M	$79,768	$91,678	$90,915	$11.09M	$-1,635,554,290
EBIT	N/A	N/A	N/A	$8.93B	$10.95M	$12.11M	$9.33M	$0	$0	$0	$20.42M	$-1,782,230,290

* Some calculated fields are derived from available data when not provided by source

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News

Price-Driven Insight from (REFI) for Rule-Based Strategy

This article provides a price-driven analysis for Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI), highlighting weak near and mid-term sentiment...

Stock Traders Daily•Oct 13, 2026 5:42 PM ET10/13/26•Bearish

(REFI) Price Dynamics and Execution-Aware Positioning

This report provides a detailed analysis of Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI), highlighting weak near and mid-term sentiment...

Stock Traders Daily•Oct 3, 2026 11:38 AM ET10/3/26•Bearish

Chicago Atlantic BDC, Inc. SEC Filing (Oct 1, 2026)

This article reports on an SEC filing by Chicago Atlantic BDC, Inc. (NASDAQ: LIEN) on October 1, 2026, which is a Notice of Effectiveness (Form N-2) dated September 30, 2026...

Stock Titan•Oct 1, 2026 6:57 AM ET10/1/26•Neutral

Chicago Atlantic Real Estate Finance (REFI) Dividend Yield 2026 & History $REFI

Chicago Atlantic Real Estate Finance (REFI) pays quarterly dividends, with an annual dividend of $1.88 per share and a dividend yield of 17.12%. The company's next ex-dividend date is September 30, 2026...

MarketBeat•Sep 17, 2026 12:24 AM ET9/17/26•Somewhat-Bullish

Chicago Atlantic REFI executive chairman buys $1,547 in stock By Investing.com

John Mazarakis, Executive Chairman of Chicago Atlantic Real Estate Finance (REFI), recently bought 145 shares for $1,547. This purchase comes as REFI trades near its 52-week low and offers a significant dividend yield...

Investing.com Australia•Aug 25, 2026 11:13 PM ET8/25/26•Neutral

REFI Valuation and Fair Value

P/E: 6.7x
Forward P/E: 5.4x
EV/EBITDA: 0.0x
P/B: 0.7x

See GNG's fair value

REFI Profitability: Margins, ROIC and FCF

Gross margin: 91.3%
Operating margin: 62.7%
Net margin: 60.2%
ROIC: 1602.1%
ROE: 9.6%
FCF margin: 44.8%

REFI Competitors

Company	Ticker
BRT Realty Trust	BRT
Modiv Inc	MDV
Apartment Investment and Management Co	AIV
Ares Commercial Real Estate	ACRE
NexPoint Strategic Opportunities Fund	NXDT
Comstock Holding Companies Inc	CHCI
City Office	CIO
Ready Capital Corp	RC

Sector: Real Estate

REFI Bull Case vs Bear Case

Bull case

REFI earns a 1602.1% return on invested capital.
REFI converts 44.8% of revenue into free cash flow.
REFI has a 60.2% net profit margin.

Bear case

REFI beat EPS estimates in 37.5% of its last 8 reported quarters.
REFI's quarterly revenue changed -7.5% year over year.

REFI Earnings: Beat Rate and Next Report

Beat rate: 3 of 8 quarters (37.5%)
Average surprise: -7.8%
EPS estimate (fiscal period ending Sep 30, 2026): $0.38
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 0 up, 1 down

REFI Dividend

Forward yield: 20.0%
Payout ratio: 151.6%
3Y DPS growth: -3.6%
Pay months: Jan, Apr, Jul, Oct

REFI dividend history

Frequently Asked Questions About REFI

What is REFI's current dividend yield?

Chicago Atlantic Real Estate Finance Inc (REFI) has a forward dividend yield of 20.02%.

Does REFI pay dividends?

Yes, Chicago Atlantic Real Estate Finance Inc pays dividends with a forward dividend yield of 20.02%.

What is REFI's P/E ratio?

Chicago Atlantic Real Estate Finance Inc has a price-to-earnings (P/E) ratio of 6.66.

What is REFI's market cap?

Chicago Atlantic Real Estate Finance Inc (REFI) has a market capitalization of $233.41M with a current stock price of $9.39.

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