Chicago Atlantic Real Estate Finance, Inc. is a commercial real estate finance company that trades on NASDAQ and manages a diversified portfolio of real estate credit investments in the cannabis space and is actively investing across the value chain. The Company’s senior management team has over 100 years of combined experience in real estate credit, direct lending, real estate acquisitions and development, investment advice, risk management and consulting.
Company profile
Ticker
REFI
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
863125132
REFI stock data
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
9 Mar 23
10-K
2022 FY
Annual report
9 Mar 23
8-K
Entry into a Material Definitive Agreement
28 Feb 23
424B2
Prospectus for primary offering
15 Feb 23
EFFECT
Notice of effectiveness
20 Jan 23
S-3/A
Shelf registration (amended)
17 Jan 23
CORRESP
Correspondence with SEC
17 Jan 23
UPLOAD
Letter from SEC
27 Dec 22
S-3
Shelf registration
20 Dec 22
8-K
Chicago Atlantic Real Estate Finance Announces Third Quarter 2022 Financial Results
9 Nov 22
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 5.72 mm | 5.72 mm | 5.72 mm | 5.72 mm | 5.72 mm | 5.72 mm |
| Cash burn (monthly) | 1.21 mm | 6.21 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 3.31 mm | 17.08 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 2.40 mm | -11.37 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 2.0 | -1.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
15.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 49 |
| Opened positions | 13 |
| Closed positions | 8 |
| Increased positions | 16 |
| Reduced positions | 8 |
| 13F shares | Current |
|---|---|
| Total value | 38.98 bn |
| Total shares | 2.68 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 613.76 k | $9.25 bn |
| BLK Blackrock | 399.42 k | $6.02 bn |
| Cresset Asset Management | 315.72 k | $5.00 bn |
| HighTower Advisors | 296.94 k | $4.48 bn |
| Emfo | 285.66 k | $4.30 bn |
| STT State Street | 104.71 k | $1.66 bn |
| Perritt Capital Management | 80.83 k | $1.22 bn |
| QP Wealth Management | 58.74 k | $885.18 mm |
| Renaissance Technologies | 44.42 k | $669.00 k |
| Vident Investment Advisory | 41.62 k | $627.17 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Mar 23 | John Mazarakis | Common Stock | Buy | Acquire P | No | No | 13.19 | 10,000 | 131.90 k | 243,954 |
| 31 Dec 22 | Frederick C Herbst | Common Stock | Grant | Acquire A | No | No | 0 | 4,976 | 0.00 | 14,664 |
| 31 Dec 22 | Donald E. Gulbrandsen | Common Stock | Grant | Acquire A | No | No | 0 | 4,976 | 0.00 | 846,634 |
| 31 Dec 22 | Jason D Papastavrou | Common Stock | Grant | Acquire A | No | No | 0 | 4,976 | 0.00 | 29,644 |
| 31 Dec 22 | Michael L. Steiner | Common Stock | Grant | Acquire A | No | No | 0 | 4,976 | 0.00 | 200,595 |
News
A Look Into Real Estate Sector Value Stocks
20 Mar 23
These Two Cannabis Industry Lenders Declared Dividends For Q1 2023
15 Mar 23
Looking Into Chicago Atlantic Real's Return On Capital Employed
14 Mar 23
Stocks That Hit 52-Week Lows On Friday
10 Mar 23
JMP Securities Reiterates Market Outperform on Chicago Atlantic Real, Maintains $20 Price Target
10 Mar 23
Press releases
Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the First Quarter of 2023
15 Mar 23
Chicago Atlantic Real Estate Finance Amends its Revolving Credit Facility to Extend Maturity to December 2024
28 Feb 23
Chicago Atlantic Real Estate Finance Raises $6 Million in Direct Offering of Common Stock
15 Feb 23