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

Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.

Market snapshot

Symbol
REFI
Price
$11.45
Day change
+3.06%
Market cap
$242.8M
P/E ratio
7.84x
52-week range
10.74-14.59
Sector
Real Estate
Industry
REIT - Mortgage
Next earnings
in 2 months
Analyst price target
$17.00

Peer companies

  • Advanced Flower Capital Inc. (AFCG)
  • Angel Oak Mortgage, Inc. (AOMR)
  • Claros Mortgage Trust, Inc. (CMTG)
  • Ellington Credit Company (EARN)
  • Lument Finance Trust, Inc. (LFT)
  • NewLake Capital Partners, Inc. (NLCP)
  • NexPoint Real Estate Finance, Inc. (NREF)
  • Sachem Capital Corp. (SACH)

Recent insider activity

  • Konigsberg Brandon — A-Award (6324 shares) on 2026-04-20
  • Kite David — A-Award (37099 shares) on 2026-04-20
  • Silverman Phillip — A-Award (32462 shares) on 2026-04-20
  • Stavola Elizabeth Mary — A-Award (6324 shares) on 2026-04-20
  • Mazarakis John — A-Award (37099 shares) on 2026-04-20

Open Chicago Atlantic Real Estate Finance, Inc. (REFI) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.