REFI

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Chicago Atlantic Real Estate Finance, Inc. · Real Estate · United States · $274M · Avg Vol: $2M/d

Fallen Favourite: A good business that is expensive and falling. Wait for the price to catch up.

66
StockRank
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Quality
63
Value
48
Momentum
49
P/E (TTM)
8.1x
peers 23.5x
ROE
9.6%
peers 4.6%
D/E
0.5x
peers 1.1x
Dividend %
17.1%
trailing yield
AI CONVICTION THESIS

Insufficient evidence for a screen-pass. Chicago Atlantic Real Estate Finance, Inc.: fails the quant gate on value, momentum (Q63/V49/M47; every leg must be >= 50). Absence of evidence is neutral; nothing adverse is known.

The ranks quoted here are from the day it was written; today's Quality, Value and Momentum are the bars above.

ABOUT CHICAGO ATLANTIC REAL ESTATE FINANCE, INC.

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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 (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue48.9M57.3M54.8M55.6M4.4%48.8M55.0M59.6M3.6%
EPS1.832.141.921.71-2.2%1.361.351.843.7%
Shares17.8M18.2M20.8M21.1M+18.6%25.6M———
Debt58.0M66.0M104.1M98.4M19.3%140.5M———
Equity264.0M271.9M309.0M307.8M5.2%————
Op CF17.0M28.4M23.2M28.8M19.2%26.9M———
Inv CF-125.2M-1.9M-39.3M8.7M—————
Fin CF33.7M-24.3M34.6M-49.0M—————
Loading 1Y...
PRICE (1Y)+3.0%
10.1510.4010.6510.9011.1513 Aug3 Sep24 Sep
SMA 50SMA 200

Close
$10.61
RSI (14)
41.1
52-Week Range-11.1% from high
Low $9.69High $11.94

SCORE BREAKDOWN

Quality
63
ROIC (ROA)
6.4%*61.5
ROE
9.6%71.4
GP/Assets
11.5%79.9
Op. Margin
62.7%81.5
FCF/Assets
—N/A
Piotroski
311.7
Int. Cover
—92.3
D/E Ratio
0.47x69.4
Current Ratio
26.61x98.4
Value
48
P/E (TTM)
8.1x75.3
EV/EBITDA
—N/A
P/FCF
—N/A
P/B
0.8x57.0
P/S
5.8x34.9
Div Yield
17.1%97.6
Momentum
49
52W High %
89%74.5
RS 6M
-22%31.0
SMA 50/200
0.96x34.5
EPS Rev 4W
0.0%50.5
EPS Rev 12W
0.0%54.4
EPS Improve
+41%61.9
Q Growth
-16%28.6

FUNDAMENTALS

Market Cap
$274M
P/E (Forward)
5.7x
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.

TickerCompanyMkt CapStockRankSignal
REFIChicago Atlantic Real Estate Finance, Inc.(you)$274M66Buy
NREFNexPoint Real Estate Finance, Inc.$364M68Buy
ADAMAdamas Trust, Inc.$758M72Buy
AOMRAngel Oak Mortgage REIT, Inc.$189M41Hold
CHMICherry Hill Mortgage Investment Corporation$103M53Hold
MITTTPG Mortgage Investment Trust, Inc.$197M34Sell
EFCEllington Financial Inc.$1.6B62Hold
ARIApollo Commercial Real Estate Finance, Inc.$805M48Hold
ACREAres Commercial Real Estate Corporation$234M29Sell
SUNSSunrise Realty Trust, Inc.$99M46Hold

Peer medians: ROE 4.6% · P/E 23.5x · Gross margin 66.9%

Company Deep Dive

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

Chicago Atlantic Real Estate Finance, Inc. (REFI) has a MoatMap StockRank of 66/100 based on Quality (63/100), Value (48/100), and Momentum (49/100) factor scores. The current signal is BUY. Insufficient evidence for a screen-pass. Chicago Atlantic Real Estate Finance, Inc.: fails the quant gate on value, momentum (Q63/V49/M47; every leg must be >= 50). Absence of evidence is neutral; nothing adverse is known.

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.

Key Financial Metrics

Price$10.61
Market Cap$274M
P/E (TTM)8.07
P/E (Forward)5.72
Price/Book0.78
Return on Equity9.6%
Debt/Equity0.47x
Gross Margin100.0%
Operating Margin62.7%
Revenue Growth-7.5%
Dividend Yield17.1%

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 66/100, with a Buy signal. It is a composite of Quality (63), Value (48), and Momentum (49) factor ranks across MoatMap’s universe of 25,000+ stocks.
Does Chicago Atlantic Real Estate Finance, Inc. have an economic moat?
Chicago Atlantic Real Estate Finance, Inc. (REFI) has a Quality factor score of 63/100. 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 Buy, based on a StockRank of 66/100. 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).