Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc.

REFIยทNASDAQ

$11.06

-2.0%
Real EstateREIT - Mortgage

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners 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. The company was incorporated in 2021 and is based in Chicago, Illinois.

At a Glance

Live Snapshot
Market Cap$234.55M
EPS1.7100
P/E Ratio6.47
Earnings Date08/06/2026
Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc. Fair Value Envelope

REFI ยท NASDAQ

Our analysis suggests that REFI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $11.06, this represents a potential HIDDEN relative to our calculated worth for Chicago Atlantic Real Estate Finance, Inc..

Intrinsic Value
Current Price: $11.06

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$261,788.4B
+ Cash & Equivalents$14.9M
Firm Value$261,788.4B
- Debt$98.4M
Equity Value$261,788.3B
/ Shares Outstanding21,074,625B
DCF Value$12.4M
UNDERVALUED BY 112314241%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$57.6B
$115.2B
$230.3B
$460.7B
$921.4B
$1,842.7B
$3,685.5B
$7,370.9B
$14,741.8B
$29,483.6B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$57.6B
$115.2B
$230.3B
$460.7B
$921.4B
$1,842.7B
$3,685.5B
$7,370.9B
$14,741.8B
$29,483.6B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$53.3B
$98.7B
$182.9B
$338.6B
$627.1B
$1,161.2B
$2,150.4B
$3,982.3B
$7,374.6B
$13,656.6B
Terminal Value represents 88.7% of Enterprise Value