Real Estate - REIT - Mortgage - NASDAQ - US
$ 15.71
0.77 %
$ 308 M
Market Cap
7.86
P/E
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.[ Read More ]
The intrinsic value of one REFI stock under the base case scenario is HIDDEN Compared to the current market price of 15.7 USD, Chicago Atlantic Real Estate Finance, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart REFI
FINANCIALS
56.2 M
REVENUE
38.5 M
OPERATING INCOME
38.7 M
NET INCOME
28.4 M
OPERATING CASH FLOW
-1.93 M
INVESTING CASH FLOW
-24.3 M
FINANCING CASH FLOW
0
REVENUE
-2.71 B
OPERATING INCOME
29.1 B
NET INCOME
21.3 B
OPERATING CASH FLOW
1.99 B
INVESTING CASH FLOW
-24.4 B
FINANCING CASH FLOW
Balance Sheet Decomposition
Chicago Atlantic Real Estate Finance, Inc.
| Current Assets | 10.5 M |
| Cash & Short-Term Investments | 7.9 M |
| Receivables | 1.11 M |
| Other Current Assets | 1.45 M |
| Non-Current Assets | 1.21 M |
| Long-Term Investments | 842 K |
| PP&E | 0 |
| Other Non-Current Assets | 367 K |
| Current Liabilities | 19.2 M |
| Accounts Payable | 1.14 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 18 M |
| Non-Current Liabilities | 68.1 M |
| Long-Term Debt | 66 M |
| Other Non-Current Liabilities | 2.05 M |
EFFICIENCY
Earnings Waterfall
Chicago Atlantic Real Estate Finance, Inc.
| Revenue | 56.2 M |
| Cost Of Revenue | 8.78 M |
| Gross Profit | 47.4 M |
| Operating Expenses | 17.7 M |
| Operating Income | 38.5 M |
| Other Expenses | -180 K |
| Net Income | 38.7 M |
RATIOS
84.37%
GROSS MARGIN
68.55%
OPERATING MARGIN
68.87%
NET MARGIN
14.24%
ROE
10.78%
ROA
11.40%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Chicago Atlantic Real Estate Finance, Inc.
| Net Income | 38.7 M |
| Depreciation & Amortization | 5.93 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 1.48 M |
| Change in Working Capital | -643 K |
| Others | -11.9 M |
| Free Cash Flow | 28.4 M |
Wall Street Analysts Price Targets
Chicago Atlantic Real Estate Finance, Inc.
REFI has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
10625.15%
DIVIDEND YIELD
0.47 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Chicago Atlantic Real Estate Finance, Inc.
Sold
0-3 MONTHS
44.1 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
44 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 08, 2024
|
Bought 44 K USD
|
Mazarakis John
Executive COB |
+ 2779
|
15.82 USD |
|
1 week ago
Nov 07, 2024
|
Sell 44.1 K USD
|
Mazarakis John
Executive COB |
- 2779
|
15.8578 USD |
|
1 year ago
Mar 14, 2023
|
Bought 132 K USD
|
Mazarakis John
Executive COB |
+ 10000
|
13.19 USD |
|
1 year ago
Dec 12, 2022
|
Bought 38 K USD
|
Sack Peter
Co-President |
+ 2396
|
15.86 USD |
|
1 year ago
Dec 12, 2022
|
Bought 146 K USD
|
Mazarakis John
Executive COB |
+ 9184
|
15.86 USD |
|
1 year ago
Dec 12, 2022
|
Bought 146 K USD
|
Cappell Anthony
Chief Executive Officer |
+ 9184
|
15.86 USD |
|
1 year ago
Dec 12, 2022
|
Bought 146 K USD
|
Bodmeier Andreas
Co-President and CIO |
+ 9184
|
15.86 USD |
|
2 years ago
Dec 08, 2021
|
Bought 8.12 K USD
|
Cappell Anthony
Chief Executive Officer |
+ 500
|
16.25 USD |
|
2 years ago
May 17, 2022
|
Bought 4.52 K USD
|
Kite David
Chief Operating Officer |
+ 300
|
15.06 USD |
|
2 years ago
May 23, 2022
|
Bought 108 K USD
|
Mazarakis John
Exec. Chairman of the Board |
+ 7000
|
15.5 USD |
|
2 years ago
Apr 22, 2022
|
Bought 174 K USD
|
Papastavrou Jason D
director: |
+ 9676
|
17.9566 USD |
|
2 years ago
Apr 25, 2022
|
Bought 53.7 K USD
|
Papastavrou Jason D
Director |
+ 3000
|
17.9095 USD |
|
2 years ago
Apr 22, 2022
|
Bought 41.7 K USD
|
Papastavrou Jason D
Director |
+ 2324
|
17.9441 USD |
|
2 years ago
Dec 07, 2021
|
Bought 2.5 M USD
|
Mazarakis John
Exec. Chairman of the Board |
+ 156250
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 80 K USD
|
Mazarakis John
Exec. Chairman of the Board |
+ 5000
|
16 USD |
|
2 years ago
Dec 07, 2021
|
Bought 2.8 M USD
|
Chicago Atlantic CRE Holdings, LLC
10 percent owner |
+ 175000
|
16 USD |
|
2 years ago
Dec 07, 2021
|
Bought 14.7 M USD
|
Chicago Atlantic Fund QP, LLC
10 percent owner |
+ 918750
|
16 USD |
|
2 years ago
Dec 07, 2021
|
Bought 2.5 M USD
|
Cappell Anthony
Chief Executive Officer |
+ 156250
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 16 K USD
|
Bodmeier Andreas
Co-President and CIO |
+ 1000
|
16 USD |
|
2 years ago
Dec 07, 2021
|
Bought 2.5 M USD
|
Bodmeier Andreas
Co-President and CIO |
+ 156250
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 80 K USD
|
Steiner Michael L.
Director |
+ 5000
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 4.8 K USD
|
Sack Peter
Co-President |
+ 300
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 80 K USD
|
Papastavrou Jason D
Director |
+ 5000
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 4.8 K USD
|
Menze Lindsay
Chief Financial Officer |
+ 300
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 16 K USD
|
Konigsberg Brandon
Director |
+ 1000
|
16 USD |
|
2 years ago
Dec 08, 2021
|
Bought 80 K USD
|
HERBST FREDERICK C
Director |
+ 5000
|
16 USD |
7. News
Cannabis REITs with Strong Dividend Yields for Your Investment Portfolio
As the cannabis market experiences a pullback, interest is growing in cannabis-focused REITs, which offer a unique approach to investing in this evolving industry. REITs are known for providing steady dividends, making them attractive for income-seeking investors during market downturns. The US cannabis market is projected to reach $41 billion by 2025, highlighting its long-term potential. This industry growth and ongoing legalization efforts bring attention to cannabis REITs as indirect investments. Recently, legalization headlines have fueled volatility, making risk management and technical analysis essential for investors aiming to time their entries and exits wisely.
marijuanastocks.com
- 3 days ago
Best Ancillary Cannabis Stocks Positioned for Growth Amid Market Pullback
As the US cannabis industry continues to grow, investor interest remains high. The market, valued at over $13 billion in 2023, is projected to exceed $30 billion by 2025. Despite this positive outlook, recent setbacks have caused a decline in cannabis stocks. One significant blow was Florida's failure to pass Amendment 3, which would have expanded legalization in a crucial state market. This decision has added volatility to the sector. Even so, there is ongoing optimism fueled by pending federal legislation. Any progress on these bills could create fresh momentum for cannabis stocks, underscoring the sector's potential for long-term growth.
marijuanastocks.com
- 1 week ago
Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 2024 Earnings Call Transcript
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations Peter Sack - Co-Chief Executive Officer David Kite - Chief Operating Officer Phillip Silverman - Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Capital Operator Good day, and welcome to the Chicago Atlantic Real Estate Finance Third Quarter 2024 Earnings Call. All participants will be in listen-only mode.
seekingalpha.com
- 1 week ago
Chicago Atlantic Real Estate Finance, Inc. (REFI) Q3 Earnings Surpass Estimates
Chicago Atlantic Real Estate Finance, Inc. (REFI) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.57 per share a year ago.
zacks.com
- 1 week ago
Chicago Atlantic Secures BBB+ Rating And $50M Loan To Enhance Liquidity In Cannabis Lending
Chicago Atlantic Real Estate Finance, Inc. REFI, a leading commercial mortgage real estate investment trust (REIT), has announced the closure of a $50 million unsecured term loan with two institutional private lending platforms. This funding aims to support the company's future investments and various general corporate purposes.
benzinga.com
- 3 weeks ago
Chicago Atlantic Real Estate Finance Closes on $50 Million Unsecured Term Loan to Fund Deployment of New Investments
CHICAGO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust, today announced that the Company entered into a $50.0 million unsecured term loan from two institutional private lending platforms to fund the Company's future investments and other general corporate purposes. The unsecured term loan matures in October 2028, is interest only and bears a fixed cash interest rate of 9.0%.
globenewswire.com
- 3 weeks ago
Chicago Atlantic Real Estate Finance Schedules Third Quarter 2024 Earnings Release and Conference Call Date
CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial mortgage real estate investment trust, announced details for the release of its results for the third quarter ended September 30, 2024.
globenewswire.com
- 1 month ago
Chicago Atlantic and Silver Spike Close Loan Portfolio Acquisition and Joint Venture Transactions
CHICAGO--(BUSINESS WIRE)--Chicago Atlantic and Silver Spike have closed loan portfolio acquisition and joint venture transactions.
businesswire.com
- 1 month ago
Maximizing Returns: The Top Cannabis REITs for Long-Term Investment Strategies
Ancillary cannabis stocks, particularly Cannabis REITs, are gaining attention due to their potential for steady dividends. Cannabis REITs invest in real estate properties leased to cannabis operators. This provides a unique opportunity for investors to earn income. The US cannabis industry is projected to grow at a compound annual growth rate (CAGR) of over 20% through 2030. This growth is driven by increasing legalization and market expansion. Recent headlines have focused on potential federal legalization, which could significantly boost the industry. As the market evolves, ancillary stocks like REITs are positioned to benefit from the industry's expansion.
marijuanastocks.com
- 2 months ago
3 Marijuana Stocks For Investors To Watch In 2024
The cannabis industry continues to show why it is one of the fastest-growing sectors. As more people become comfortable with legal cannabis so is the idea of investing. For a long while people were scared to invest in cannabis. Currently, cannabis is still illegal however over half of the USA and several global regions have thriving marijuana businesses. From this people have been lowering their guard and taking more chances and ways to invest.
marijuanastocks.com
- 3 months ago
Chicago Atlantic Real Estate Finance, Inc. (REFI) Q2 2024 Earnings Call Transcript
Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Tripp Sullivan - Investor Relations John Mazarakis - Executive Chairman Peter Sack - Co-Chief Executive Officer Phil Silverman - Chief Financial Officer Conference Call Participants Crispin Love - Piper Sandler Mark Smith - Lake Street Operator Good day and thank you for standing by. Welcome to Chicago Atlantic Real Estate Finance, Inc., Second Quarter 2024 Earnings Conference Call.
seekingalpha.com
- 3 months ago
Chicago Atlantic Real Estate Finance, Inc. (REFI) Misses Q2 Earnings and Revenue Estimates
Chicago Atlantic Real Estate Finance, Inc. (REFI) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.55 per share a year ago.
zacks.com
- 3 months ago
8. Profile Summary
Chicago Atlantic Real Estate Finance, Inc. REFI
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 308 M
Dividend Yield
10625.15%
Description
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.
Contact
420 North Wabash Avenue, Chicago, IL, 60611
https://investors.refi.reit
IPO Date
Dec. 8, 2021
Employees
None
Officers
Mr. John Michael Mazarakis
Executive Chairman of the Board of Chicago Atlantic REIT Manager, LLC
Mr. David Kite
Chief Operating Officer of Chicago Atlantic REIT Manager, LLC
Mr. Anthony Robert Cappell
Co-Chief Executive Officer & Director of Chicago Atlantic REIT Manager, LLC
Mr. Peter S. Sack
Co-Chief Executive Officer & Director of Chicago Atlantic REIT Manager, LLC
Dr. Andreas A. Bodmeier Ph.D.
President, Chief Investment Officer & Director of Chicago Atlantic REIT Manager, LLC