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CA

Chicago Atlantic Real Estate Finance, Inc. (REFI)

NASDAQ • Real Estate

$10.8
-$0.17 (-1.6%)
Market closed

Last close at September 21, 2026 at 20:00 UTC

Open$11.1
Day Range$10.92 - $11.33
Avg. Volume (3M)214.6K
Market Cap$230.4M
P/E Ratio7.9
52 Week Range
$9.69$13.49
Next EarningsIn 43 daysNov 3, 2026

Metrics Over Time

Where the Money Goes

Q2 2026
Revenueeverything earned$15.2M100%
Gross Profitminus cost of goods$13.6M89%
Operating Incomeminus R&D and overhead$9.8M65%
Net Incomeminus taxes and the rest$7.4M49%

In plain terms: out of every $100 in revenue, Chicago Atlantic Real Estate Finance, Inc. keeps $49 as net profit.

Fundamentals & Financials

Revenue (TTM)
$60.1M
Net Income (TTM)
$29.4M
EPS (TTM)
$1.39
ROA (TTM)
6.37%
Current Ratio
0.4
Dividend Yield
4.79%

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Earnings

+2.4%Q1 2026$0.43
-4.2%Q2 2026$0.46
-10.4%Q3 2026$0.43
Next

Nov 3

in 43 daysQ4 2026

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Latest report — Q3 2026
Miss -10.4%

Chicago Atlantic Real Estate Finance’s adjusted EPS missed consensus as it generated $0.43 versus the $0.48 estimate (-10.4%, trailed) in the second fiscal quarter of 2026, reported August 11, 2026, with results shaped by its U.S. commercial real estate lending platform focused on secured debt to state-approved operators and property owners tied to the legal cannabis industry. Revenue came in at about $15.2 million, while net interest income was roughly $12.8 million, reflecting the central role of interest earnings in the quarter’s mix. Profitability included operating income of about $9.9 million, and net income declined 15.8% year over year to roughly $7.5 million (down from about $8.9 million a year ago). On a per-share basis, adjusted EPS fell 15.7% from $0.51 a year ago to $0.43. For shareholder returns, the company paid roughly $10.9 million in dividends during the period. Looking ahead, next-period consensus calls for EPS of $0.50.

View full earnings history

About Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) originates and holds commercial real estate loans across the United States as a real estate finance company in the mortgage REIT space. Its lending platform produced $63.1 million of revenue in FY2025.

Name
Chicago Atlantic Real Estate Finance, Inc.
CEO
Anthony Robert Cappell
Website
investors.refi.reit
Industry
Real Estate
Year Founded
2021

Today's Snapshot

AI-generated

REFI is trading 1.6% lower at 10.81, against a firmer sector.

Trading Volume

Below 10d avg (286.8K)

175.4K

vs S&P 500 Today

Strong Underperformance

-3.13%

Updated: September 21, 2026 at 19:46 UTC

Technical Indicators

3 Buy2 Neutral3 Sell
REFI is displaying a balanced technical picture around 10.84, with momentum oscillators near neutral and MACD slightly positive while RSI is just above midpoint, leaving momentum mixed. Trend strength registers notable readings (ADX ~29.8), yet moving averages are split between short/medium weakness and longer-term support, and VWAP sits close to the market, indicating equilibrium between buyers and sellers. Volatility is modest and on-balance volume is negative, which tempers the slight bullish signal from MACD. Technical takeaway: Neutral — mixed indicators and price near VWAP argue for a wait-and-see posture.
All signals
  • EMA (5 indicators)$10.73 - $11.51
    Sell
  • RSI (14)53.14
    Neutral
  • Stochastic %K (14, 3, 3)52.01
    Neutral
  • MACD Level (12, 26)0.12
    Buy

Peers & Related Assets

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$1.48+3.5%
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NREFNexPoint Real Estate Finance, Inc.
AOMRAngel Oak Mortgage, Inc.
SEVNSeven Hills Realty Trust
AFCGAdvanced Flower Capital Inc.
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