What is Chicago Atlantic Real Estate Finance, Inc.'s (REFI) StockRank?

MoatMap's StockRank for Chicago Atlantic Real Estate Finance, Inc. (REFI) is 83/100, with a Strong Buy signal. This is a composite score combining Quality (72), Value (55), and Momentum (43) factor ranks across MoatMap's 19,000+ stock universe.

Does Chicago Atlantic Real Estate Finance, Inc. have an economic moat?

Chicago Atlantic Real Estate Finance, Inc. (REFI) has a Quality factor score of 72/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Chicago Atlantic Real Estate Finance, Inc. a buy, hold, or sell?

MoatMap's current signal for Chicago Atlantic Real Estate Finance, Inc. (REFI) is Strong Buy, based on a StockRank of 83/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Chicago Atlantic Real Estate Finance, Inc. in?

Chicago Atlantic Real Estate Finance, Inc. (REFI) operates in the Real Estate sector, specifically the REIT - Mortgage industry (United States).

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REFI

STRONG BUYREMOVE

Chicago Atlantic Real Estate Finance, Inc. · Real Estate · United States · $243M · Avg Vol: $1M/d

StockRank

P/E (TTM)

7.9x

ROE

10.0%

D/E

0.4x

Dividend %

16.6%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Chicago Atlantic Real Estate is a mortgage REIT focused on lending to the cannabis industry. It operates in a highly speculative, regulatory-sensitive niche with significant credit risk, failing our quality and moat requirements.

COMPANY DESCRIPTION

Chicago Atlantic Real Estate Finance, Inc. operates as a mortgage REIT specializing in originating and managing senior secured loans to state-licensed cannabis operators across the United States. The company carves out a niche by providing critical debt capital to businesses in the high-growth cannabis industry that often lack access to traditional banking services. This specialized focus allows it to achieve attractive risk-adjusted returns in a unique regulatory environment.

FINANCIAL SUMMARY

Year	2022	2023	2024	2025	CAGR
Revenue	49M	57M	55M	56M	4.4%
EPS	1.83	2.14	1.92	1.71	-2.2%
Shares	18M	18M	21M	21M	+18.6%
Debt	58M	66M	104M	98M	19.3%
Equity	264M	272M	309M	308M	5.2%
Op CF	17M	28M	23M	29M	19.2%
Inv CF	-125M	-2M	-39M	9M	—
Fin CF	34M	-24M	35M	-49M	—

PRICE (1M)-7.8%

SMA 50SMA 200

$11.03

RSI (14)

40.5

52W High

$12.98

From 52W High

0.8%

SCORE BREAKDOWN

Quality

ROIC (ROA)

7.2%*73.7

ROE

10.0%73.5

GP/Assets

11.7%79.6

Op. Margin

54.3%75.3

FCF/Assets

—N/A

Piotroski

—56.5

Int. Cover

—N/A

D/E Ratio

0.38x83.8

Current Ratio

30.37x98.6

Value

P/E (TTM)

7.9x83.1

EV/EBITDA

—N/A

P/FCF

—N/A

P/B

0.8x59.0

P/S

4.8x43.1

Div Yield

16.6%98.5

Momentum

52W High %

85%51.9

RS 6M

-17%40.6

SMA 50/200

0.99x46.3

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+33%58.3

Q Growth

-52%13.8

FUNDAMENTALS

Market Cap

$243M

P/E (Forward)

5.9x

Gross Margin

100.0%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of REFI are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
REFI	Chicago Atlantic Real Estate Finance, Inc.(you)	$243M	83	STRONG BUY
ADAM	Adamas Trust, Inc.	$826M	77	BUY
SUNS	Sunrise Realty Trust, Inc.	$117M	66	BUY
AOMR	Angel Oak Mortgage REIT, Inc.	$207M	54	HOLD
TRTX	TPG RE Finance Trust, Inc.	$652M	69	BUY
MITT	TPG Mortgage Investment Trust, Inc.	$248M	46	HOLD
SEVN	Seven Hills Realty Trust	$195M	47	HOLD
EFC	Ellington Financial Inc.	$1.7B	80	STRONG BUY
BRSP	BrightSpire Capital, Inc.	$749M	63	HOLD
MFA	MFA Financial, Inc.	$980M	65	BUY

Peer medians: ROE 5.8% · P/E 27.1x · Gross margin 67.7%

Chicago Atlantic Real Estate Finance, Inc. (REFI) — Stock Score Summary

Chicago Atlantic Real Estate Finance, Inc. (REFI) has a MoatMap StockRank of 83/100 based on Quality (72/100), Value (55/100), and Momentum (43/100) factor scores. The current signal is STRONG BUY. Chicago Atlantic Real Estate is a mortgage REIT focused on lending to the cannabis industry. It operates in a highly speculative, regulatory-sensitive niche with significant credit risk, failing our quality and moat requirements.

Key Financial Metrics

Price	$11.03
Market Cap	$243M
P/E (TTM)	7.90
P/E (Forward)	5.92
Price/Book	0.79
Return on Equity	10.0%
Debt/Equity	38.38
Gross Margin	100.0%
Operating Margin	54.3%
Revenue Growth	-34.2%
Dividend Yield	16.6%

Chicago Atlantic Real Estate Finance, Inc. operates in the REIT - Mortgage industry, part of the Real Estate sector (United States).

Frequently Asked Questions

What is Chicago Atlantic Real Estate Finance, Inc.’s (REFI) StockRank?: MoatMap’s StockRank for Chicago Atlantic Real Estate Finance, Inc. (REFI) is 83/100, with a Strong Buy signal. It is a composite of Quality (72), Value (55), and Momentum (43) factor ranks across MoatMap’s 19,000+ stock universe.
Does Chicago Atlantic Real Estate Finance, Inc. have an economic moat?: Chicago Atlantic Real Estate Finance, Inc. (REFI) has a Quality factor score of 72/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Chicago Atlantic Real Estate Finance, Inc. a buy, hold, or sell?: MoatMap’s current signal for Chicago Atlantic Real Estate Finance, Inc. (REFI) is Strong Buy, based on a StockRank of 83/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Chicago Atlantic Real Estate Finance, Inc. in?: Chicago Atlantic Real Estate Finance, Inc. (REFI) operates in the Real Estate sector, specifically the REIT - Mortgage industry (United States).