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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
Markets · Real Estate

Chicago Atlantic Real Estate Finance, Inc. (REFI)

NGM · REIT - Mortgage

$9.87-0.22 (-2.18%)Quote refreshed

Sources: Yahoo Finance (quote, statistics) · SEC EDGAR (filings, insider trades, 13F holders) · company filings & press wires

Market Cap
$210.4M
P/E (TTM)
6.85
EPS
$1.44
Div Yield
18.65%
52W Range
$9.85–$14.57
Beta
0.31

Company overview

Next earnings: 2026-08-11(13d)

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States. It engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company's loan portfolio is comprised of senior loans to state-licensed operators in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is based in Miami Beach, Florida.

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Recent press releases

April 2026

3 months agoARSReal Estate

Chicago Atlantic (REFI) reports $38.1 million net income from cannabis loans

REFIChicago Atlantic Real Estate Finance, Inc.

# 🧾 What This Document Is This is a **Form ARS**, which stands for "Annual Report for Smaller Reporting Companies." Think of it as a company's yearly report card sent to the SEC. It's less detailed than a standard 10-K annual report but still gives you a solid overview of the business, its perform

Read summaryView on SEC EDGAR
3 months agoDEF 14AReal Estate

REFI Shareholders to Vote on Directors and Auditor at Annual Meeting

REFIChicago Atlantic Real Estate Finance, Inc.

# 🧾 What This Document Is This is a **DEF 14A**, a definitive proxy statement. Think of it as an invitation and instruction manual for a company's shareholders. Chicago Atlantic Real Estate Finance (REFI) is asking its owners (shareholders) to vote on specific proposals ahead of their annual meetin

Read summaryView on SEC EDGAR

SEC filings

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2 recent filings shown in the timeline above. View all SEC filings →

Chicago Atlantic Real Estate Finance, Inc. has no reported insider trades in the last 90 days.

Institutional holders

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As of 2025-12-31 · prior 2025-09-30
73,922 sh-65.6%
121,300 sh● NEW
80,463 sh● NEW
211,000 sh+52.9%
60,954 sh● NEW
49,895 sh+1.8%
121,400 sh-25.9%
55,600 sh-41.5%

People at Chicago Atlantic Real Estate Finance, Inc.

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Quarterly financials

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Revenue trend
03/25
NI $10.0M
06/25
NI $8.9M
09/25
NI $8.9M
RevenueNI = Net Income
EPS trend (diluted)
Latest: $0.42
Prior: $0.41
Revenue sparkline