Skip to content
Company Analysis

Chicago Atlantic Real Estate Fi REFI

A comprehensive view of key metrics, scores, and financial health for Chicago Atlantic Real Estate Fi

Overview of Chicago Atlantic Real Estate Finance, Inc.

REFI NGM
Real Estate REIT - Mortgage Framework: Mortgage REITs Micro Cap
Chicago Atlantic Real Estate Finance, Inc. (REFI), is a Micro Cap company, in the REIT - Mortgage industry, last closed at $8.86, about 62.3% undervalued vs fair value, -29.6% 1Y return, ranked 112/338 in sector.
Metrics P/E 7.3× Rev Growth 1.4% ROE 11.7% Div Yield 16.97%
USD 8.86
0.23%
(Delayed)
• Vol 90d: 26.2%
52-Week Range
Market Cap
$227.52M
Enterprise Value
$354.67M
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 94%
Confidence: 95%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.refi.reit
HQ Miami Beach, FL
Fiscal year Dec 31

Next Events

Earnings Nov 10 Call: Nov 10

Fair Value Snapshot

Bear Base Bull
$8
$14
$27
Current: $8.86 +62% vs base

Engine Room Money Flow™

Micro Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$62.9M
1.3%%
Interest Expense
$7.5M
Net Interest Income
$55.4M
0.8%%
Total Revenue
$55.6M
1.4%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
11.7%
Good

Net Income / Equity - key bank profitability metric

Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$43.8M
121.8% of Net Income

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
1
Active Leaks
0/1
Improving
0
High Impact
0
Critical
Moat Analysis Lender Specialized

Competitive Advantage Assessment

Evaluating Chicago Atlantic Real Estate Fi's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
63
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Strong Equity Cushion Equity cushion is strong (score 0.90).
  • Disciplined Risk Management Risk management appears disciplined (asset quality score 0.84).

Key risks

  • Operational Inefficiency Operational efficiency lags peers (score 0.21).
  • Weak Net Interest Margin Net interest margin proxy is weak (score 0.21).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Funding & Return Stability

Moderate
67
Premium

Signals, strengths and risks for Funding & Return Stability

Premium

Signals, strengths and risks for Lending Advantage

Premium

Signals, strengths and risks for Capital Strength

Premium

Signals, strengths and risks for Cost Discipline

Premium

Signals, strengths and risks for Revenue Diversification

Premium

Signals, strengths and risks for Risk Management

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing REFI's balance between Growth (17.9%), Profitability (37.0%), and Safety (45.1%). Growth 18% Safety 45% Profitability 37%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
Upgrade to unlock the full 3-year trend analysis and deltas.

Growth

33th percentile vs peers
33
Key Signals
NII Growth YoY 0.8% 30p Equity Growth YoY -0.4% 46p EPS Growth YoY -10.6% 44p Asset Growth YoY -2.4% 20p
Strengths
  • Net Interest Margin in top 20% of peers (13.0%, 99th percentile)
  • ROA in top 20% of peers (8.4%, 99th percentile)
  • Equity/Assets in top 20% of peers (72.4%, 99th percentile)
  • Financial Leverage in top 20% of peers (1.39, 100th percentile)
Risks
  • Asset Growth YoY in bottom 20% of peers (-2.4%)
  • Growth below peer median (percentile: 33)

Profitability

68th percentile vs peers
69
Key Signals
Strengths
Risks
Premium
Unlock full Profitability drilldowns

See the signal-level drivers and insights behind this axis. Upgrade to reveal the full Trade-Off Ledger.

Upgrade Now

Safety

83th percentile vs peers
83
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Chicago Atlantic Real Estate Fi.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
X.X%
-XX%XX%
XX.X%
-XX%XX%
Adjust the sliders above to explore different valuation scenarios.
Unlock Premium
Reveal the full Scenario Theatre
See live sliders, narratives, and full Bear/Base/Bull outcomes.
Upgrade Now
Bear
-
- - -
- upside
-
Base
$14.38
- - -
+62.3% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
Actions & Info
Send Feedback
Please select a category.
0/1000