Chicago Atlantic Real Estate Finance, Inc. (REFI) Stock

About Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc. is led by CEO Anthony Robert Cappell, publicly traded since 2021.

Chicago Atlantic Real Estate Finance, Inc. (REFI) stock trades at $9.37 with a market capitalization of $240.07M. The stock is valued at a price-to-earnings (P/E) ratio of 7.66, price-to-book of 0.75, price-to-sales of 3.77. Over the past 52 weeks the stock has ranged between $8.77 and $13.49, and currently trades 30.5% below its 52-week high. It pays a dividend yielding 17.65%.

On profitability, Chicago Atlantic Real Estate Finance, Inc. generates a return on equity (ROE) of 9.62%, return on capital employed of 6.04%, an operating margin of 57.14%, a net profit margin of 48.89%.

Chicago Atlantic Real Estate Finance, Inc. by the numbers, 2021–2025

Between 2021 and 2025 Chicago Atlantic Real Estate Finance, Inc. reported revenue of $14.0M rising to $63.0M, a change of +350.0% across 5 years. Compounded, revenue has grown —% a year over five years, 8.7% over three, 14.6% over the last twelve months. Net profit rose to $36.0M.

Operating margin went from 87.5% in 2021 to 57.1% in 2025, a fall of 30.4 percentage points. The most recent net margin is 48.89%. On a trailing twelve-month basis to Jun '26, revenue is $60.0M and net profit $29.0M.

Borrowings stand at $98.0M, cash from operations was $29.0M in the latest year, positive in 5 of the last 5.

Return on equity has averaged 11.0% over five years, and was 11.7% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Chicago Atlantic Real Estate Finance, Inc. (REFI) — frequently asked questions