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)
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
8-K
Chicago Atlantic Real Estate Finance Announces Second Quarter 2023 Financial Results
9 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Entry into a Material Definitive Agreement
20 Jun 23
424B5
Prospectus supplement for primary offering
20 Jun 23
10-Q
2023 Q1
Quarterly report
9 May 23
Transcripts
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) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | 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) | 8.70 mm | 8.70 mm | 8.70 mm | 8.70 mm | 8.70 mm | 8.70 mm |
Cash burn (monthly) | 3.11 mm | 52.45 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 21.35 mm | 360.53 k | n/a | n/a | n/a | n/a |
Cash remaining | -12.65 mm | 8.34 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -4.1 | 159.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
22.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 71 |
Opened positions | 14 |
Closed positions | 5 |
Increased positions | 40 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 59.73 bn |
Total shares | 4.12 mm |
Total puts | 3.60 k |
Total calls | 1.50 k |
Total put/call ratio | 2.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 1.09 mm | $16.44 bn |
Vanguard | 600.52 k | $9.10 bn |
Emfo | 298.40 k | $4.52 bn |
STT State Street | 213.46 k | $3.33 bn |
Two Sigma Investments | 185.55 k | $2.81 bn |
HighTower Advisors | 167.83 k | $2.54 bn |
Two Sigma Advisers | 153.20 k | $2.32 bn |
NTRS Northern Trust | 110.92 k | $1.68 bn |
Renaissance Technologies | 99.70 k | $1.51 mm |
Perritt Capital Management | 78.83 k | $1.19 bn |
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
Mortgage And Property Finance Giant's $354M Portfolio: Growth Amid Cannabis Sector Volatility
12 Apr 24
Zuanic & Associates Initiates Coverage On Chicago Atlantic Real with Overweight Rating
11 Apr 24
Cannabis REIT Chicago Atlantic Closes $20M Facility With Massachusetts Weed Co. That Plans To Expand In These Key Markets
9 Apr 24
JMP Securities Reiterates Market Outperform on Chicago Atlantic Real, Maintains $20 Price Target
13 Mar 24
Cannabis REIT Chicago Atlantic's Net Income Grows 20% YoY In 2023
12 Mar 24