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REFI Chicago Atlantic Real Estate Finance, Inc.

Trailing twelve months to 2026-06-30 · as filed 2026-08-11, not restated
Real Estate

Scale

Market cap
$276m
Revenue TTM
$54m
Net income TTM
$29m
Free cash flow
Composite score
70.4
Sector rank
#2714

Valuation

P / E
9.4
EV / EBITDA
EV / sales
5.8
FCF yield
Earnings yield vs 10-yr
5.93pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
54.6%
EBITDA margin
ROE
9.8%
ROIC
Revenue growth
-3.8%

Insider activity, last 90 days

Net open-market
$1.29m
Buyers
3
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Revenues We generate revenue primarily in the form of interest income on loans which is generally payable monthly. The decrease was driven primarily by a decrease of $1.0 million in exit/success fees associated with the repayments and amendments of certain loans during the respective periods. Additionally, the weighted average YTM IRR on our portfolio decreased from 16.8% at June 30, 2025 to 15.6% at June 30, 2026, as a result of certain re-pricing amendments relating to de-risking of our portfolio and the impact of the 75 basis point prime rate decline on our floating rate portfolio during the comparative periods, resulting in a $1.3 million decrease in cash interest income, offset by an ad …Chicago Atlantic Real Estate Finance, Inc., 10-Q, period ended 2026-06-30, filed 2026-08-11

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