Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limited-license states in the United States. REFI is part of the Chicago Atlantic platform, which has over 60 employees and has deployed over $2.0 billion across more than 60 loans.
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
Submission of Matters to a Vote of Security Holders
20 Jun 24
8-K
Chicago Atlantic Real Estate Finance Announces First Quarter 2024 Financial Results
7 May 24
10-Q
2024 Q1
Quarterly report
7 May 24
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
10-K
2023 FY
Annual report
12 Mar 24
8-K
Chicago Atlantic Real Estate Finance Announces Fourth Quarter 2023 Financial Results
12 Mar 24
8-K
Chicago Atlantic Real Estate Finance Extends Maturity of its Revolving Credit Facility
29 Feb 24
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Chicago Atlantic Real Estate Finance Announces Third Quarter 2023 Financial Results
8 Nov 23
Transcripts
REFI
Earnings call transcript
2024 Q1
7 May 24
REFI
Earnings call transcript
2023 Q4
12 Mar 24
REFI
Earnings call transcript
2023 Q3
8 Nov 23
REFI
Earnings call transcript
2023 Q2
9 Aug 23
REFI
Earnings call transcript
2023 Q1
9 May 23
REFI
Earnings call transcript
2022 Q4
9 Mar 23
REFI
Earnings call transcript
2022 Q3
9 Nov 22
REFI
Earnings call transcript
2022 Q2
13 Aug 22
REFI
Earnings call transcript
2022 Q1
14 May 22
REFI
Earnings call transcript
2021 Q4
22 Mar 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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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) | 6.90 mm | 6.90 mm | 6.90 mm | 6.90 mm | 6.90 mm | 6.90 mm |
Cash burn (monthly) | 331.31 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.28 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 5.62 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 17.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
4.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 32 |
Opened positions | 27 |
Closed positions | 3 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 11.78 bn |
Total shares | 803.81 k |
Total puts | 0.00 |
Total calls | 16.20 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Emfo | 292.01 k | $4.60 bn |
HighTower Advisors | 187.51 k | $2.96 bn |
Sage Mountain Advisors | 72.79 k | $1.15 bn |
BK Bank Of New York Mellon | 50.72 k | $799.83 mm |
Allspring Global Investments | 39.11 k | $616.70 mm |
Commonwealth Equity Services | 36.43 k | $574.00 k |
PBMares Wealth Management | 30.81 k | $485.87 mm |
Everett Harris & Co | 24.50 k | $386.37 mm |
SlateStone Wealth | 12.42 k | $196.00 k |
Ritholtz Wealth Management | 12.02 k | $189.60 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Donald E. Gulbrandsen | Common Stock | Grant | Acquire A | No | No | 15.59 | 4,811 | 75.00 k | 851,445 |
1 Apr 24 | Anthony Cappell | Common Stock | Grant | Acquire A | No | No | 15.59 | 43,655 | 680.58 k | 356,209 |
1 Apr 24 | Andreas Bodmeier | Common Stock | Grant | Acquire A | No | No | 15.59 | 43,655 | 680.58 k | 363,136 |
1 Apr 24 | John Mazarakis | Common Stock | Grant | Acquire A | No | No | 15.59 | 43,655 | 680.58 k | 372,709 |
1 Apr 24 | Brandon Konigsberg | Common Stock | Grant | Acquire A | No | No | 15.59 | 4,811 | 75.00 k | 15,475 |
News
Chicago Atlantic Real Estate Finance's Stock Valuation & Dividend Yield Are Leaving Competitors Behind
5 Jul 24
Cannabis Property Funds Control Over $4.5B: Are Investors Missing Out On High Dividend Stocks?
14 Jun 24
Cannabis Chart Of The Week: Are Ancillary Sectors Participating In The Rescheduling Price Upswing?
20 May 24
Net Income Dip: Cannabis REIT Chicago Atlantic's Q1 2024 Financial Results Breakdown
7 May 24
Chicago Atlantic Real Q1 2024 Adj EPS $0.52 Misses $0.53 Estimate, Sales $13.240M Miss $15.888M Estimate
7 May 24