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Upturn AI SWOT - About
REFI 
Chicago Atlantic Real Estate Finance Inc (REFI)
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Upturn Advisory Summary
08/28/2025: REFI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $17.62
1 Year Target Price $17.62
| 2 | Strong Buy |
| 1 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -8.55% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 301.37M USD | Price to earnings Ratio 7.68 | 1Y Target Price 17.62 |
Price to earnings Ratio 7.68 | 1Y Target Price 17.62 | ||
Volume (30-day avg) 4 | Beta 0.28 | 52 Weeks Range 12.35 - 15.26 | Updated Date 08/29/2025 |
52 Weeks Range 12.35 - 15.26 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 13.15% | Basic EPS (TTM) 1.84 |
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.5 | Actual 0.41 |
Profitability
Profit Margin 67.22% | Operating Margin (TTM) 65.62% |
Management Effectiveness
Return on Assets (TTM) 9.04% | Return on Equity (TTM) 12.63% |
Valuation
Trailing PE 7.68 | Forward PE 7.73 | Enterprise Value 382637376 | Price to Sales(TTM) 5.32 |
Enterprise Value 382637376 | Price to Sales(TTM) 5.32 | ||
Enterprise Value to Revenue 7.53 | Enterprise Value to EBITDA - | Shares Outstanding 21074600 | Shares Floating 18090037 |
Shares Outstanding 21074600 | Shares Floating 18090037 | ||
Percent Insiders 14.16 | Percent Institutions 33.41 |
Upturn AI SWOT
Chicago Atlantic Real Estate Finance Inc
Company Overview
History and Background
Chicago Atlantic Real Estate Finance, Inc. (REFI) was founded in 2019. It is a commercial real estate finance company specializing in lending to state-licensed cannabis operators.
Core Business Areas
- Real Estate Lending: Provides secured loans to cannabis operators for real estate acquisition, construction, and expansion.
Leadership and Structure
John Mazarakis serves as the CEO and Co-Founder. The company operates with a management team overseeing various aspects of lending, operations, and finance. Publicly traded REIT.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Offers senior secured loans to cannabis operators, often secured by real estate and other assets. Market share data is difficult to ascertain precisely due to the fragmented nature of the cannabis industry and the lack of comprehensive tracking of lending activities. Competitors include AFC Gamma (AFCG), NewLake Capital Partners (NLCP) and Innovative Industrial Properties (IIP). Revenue from these loans comprises the bulk of the company's income.
Market Dynamics
Industry Overview
The cannabis industry is rapidly growing but heavily regulated, creating opportunities for specialized lenders like Chicago Atlantic. Access to traditional banking services is limited for cannabis companies due to federal regulations.
Positioning
Chicago Atlantic is positioned as a key lender in the cannabis real estate finance space, offering capital to operators who often cannot access traditional financing. Their competitive advantage lies in their expertise in the cannabis industry and their ability to navigate complex regulatory landscapes.
Total Addressable Market (TAM)
The TAM for cannabis-related real estate lending is substantial, estimated to be in the billions of dollars annually. Chicago Atlantic is positioned to capture a significant portion of this market as the cannabis industry expands and more states legalize cannabis.
Upturn SWOT Analysis
Strengths
- Specialized expertise in cannabis real estate finance
- Strong relationships with cannabis operators
- High-yield lending opportunities
- Experienced management team
Weaknesses
- Concentration risk in the cannabis industry
- Regulatory uncertainty surrounding cannabis
- Limited access to capital compared to larger financial institutions
- Relatively short operating history
Opportunities
- Expansion into new cannabis markets
- Increased demand for cannabis real estate financing
- Potential for federal cannabis legalization
- Strategic partnerships with other industry players
Threats
- Changes in cannabis regulations
- Increased competition from other lenders
- Economic downturn impacting cannabis operators
- Federal prohibition of cannabis
Competitors and Market Share
Key Competitors
- AFCG
- NLCP
- IIP
Competitive Landscape
Chicago Atlantic is a smaller player compared to established REITs like Innovative Industrial Properties. However, it offers a focused approach and expertise in specific areas of cannabis financing, allowing it to compete effectively for deals. The competitive landscape is evolving as more institutions enter the space.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data requires access to real-time financial data sources. I am unable to provide live financial data.
Future Projections: Future projections require access to analyst estimates, which are not available in this format.
Recent Initiatives: Recent strategic initiatives include expanding lending operations to new states, focusing on larger loan sizes, and diversifying its loan portfolio within the cannabis industry.
Summary
Chicago Atlantic is a specialized lender in the cannabis real estate market, showing growth potential in a rapidly expanding industry. Their expertise and focused approach allow them to compete for deals, but they also face risks due to regulatory uncertainties and competition. Diversification within the cannabis industry and expansion into new markets are key for future success. Further, the success will depend on their ability to navigate the regulatory landscape.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Financial News Outlets
Disclaimers:
The information provided is for general informational purposes only and does not constitute financial advice. Market share data are estimates and may vary. Financial data may not be real-time.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Chicago Atlantic Real Estate Finance Inc
Exchange NASDAQ | Headquaters Miami Beach, FL, United States | ||
IPO Launch date 2021-12-08 | Co-CEO & Director of Chicago Atlantic REIT Manager, LLC Mr. Anthony Robert Cappell | ||
Sector Real Estate | Industry REIT - Mortgage | Full time employees - | Website https://www.refi.reit |
Full time employees - | Website https://www.refi.reit | ||
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes first mortgage loans to established multi-state or single-state cannabis operators or property owners. The company 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.
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