REFI — Chicago Atlantic Real Estate Finance Inc
NASDAQ · Real Estate · REIT - Mortgage
$10.79
-$0.09 (-0.83%)
Chicago Atlantic Real Estate Finance Inc (REFI) is a reit - mortgage company listed on NASDAQ. It is led by John Michael Mazarakis, based in 1680 Michigan Avenue, Miami Beach, FL, United States, 33139. Chicago Atlantic Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States. It engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company's loan portfolio is comprised of senior loans to state-licensed operators 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. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is based in Miami Beach, Florida.
Net income was $8.9M. REFI currently screens at market cap $237.1M and trailing P/E 7.8.
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About Chicago Atlantic Real Estate Finance Inc
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States. It engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company's loan portfolio is comprised of senior loans to state-licensed operators 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. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is based in Miami Beach, Florida.
REFI Key Statistics
Market Cap
$237.10M
Volume
22,332
Previous Close
$10.68
Day Range
$10.67 – $10.77
P/E Ratio
7.76
P/B Ratio
0.77
EPS
$1.88
Revenue
$0.00
Net Income
$37.05M
Gross Profit
$0.00
Free Cash Flow
$0.00
Dividend Yield
17.04%
REFI Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $48.86M | $11.08M |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $37.05M | $38.71M | $32.29M | $9.50M |
| EPS (Diluted) | $1.88 | $2.11 | $1.82 | $1.47 |
Total Assets
$435.15M
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$26.40M
Operating Cash Flow
$23.16M
Free Cash Flow
$0.00
Chicago Atlantic Real Estate Finance Inc Company Information
- Executive Chairman of the Board of Chicago Atlantic REIT Manager, LLC
- John Michael Mazarakis
- Headquarters
- 1680 Michigan Avenue, Miami Beach, FL, United States, 33139
- Website
- www.refi.reit
- Phone
- 312 625 9295
- IPO / Founded
- 2021-12-08
- Sector
- Real Estate
- Industry
- REIT - Mortgage