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REFI 
Chicago Atlantic Real Estate Finance Inc (REFI)
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Upturn Advisory Summary
02/25/2026: REFI (1-star) is currently NOT-A-BUY. Pass it for now.
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 $16.94
1 Year Target Price $16.94
| 2 | Strong Buy |
| 1 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 255.07M USD | Price to earnings Ratio 7.16 | 1Y Target Price 16.94 |
Price to earnings Ratio 7.16 | 1Y Target Price 16.94 | ||
Volume (30-day avg) 4 | Beta 0.27 | 52 Weeks Range 11.41 - 14.17 | Updated Date 02/25/2026 |
52 Weeks Range 11.41 - 14.17 | Updated Date 02/25/2026 | ||
Dividends yield (FY) 15.86% | Basic EPS (TTM) 1.69 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 65.9% | Operating Margin (TTM) 68.06% |
Management Effectiveness
Return on Assets (TTM) 9.02% | Return on Equity (TTM) 11.82% |
Valuation
Trailing PE 7.16 | Forward PE 7.12 | Enterprise Value 327765216 | Price to Sales(TTM) 4.7 |
Enterprise Value 327765216 | Price to Sales(TTM) 4.7 | ||
Enterprise Value to Revenue 6.99 | Enterprise Value to EBITDA - | Shares Outstanding 21080272 | Shares Floating 18038137 |
Shares Outstanding 21080272 | Shares Floating 18038137 | ||
Percent Insiders 14.38 | Percent Institutions 34.8 |
Upturn AI SWOT
Chicago Atlantic Real Estate Finance Inc
Company Overview
History and Background
Chicago Atlantic Real Estate Finance Inc. (NASDAQ: ACBI) is a real estate finance company that was founded in 2018. It focuses on originating, acquiring, and servicing a diversified portfolio of commercial real estate loans, primarily in the cannabis industry. The company went public through an IPO in 2022.
Core Business Areas
- Lending: Origination and acquisition of commercial real estate loans secured by stabilized, income-producing properties. This includes bridge loans, term loans, and construction loans.
- Servicing: Management and servicing of its loan portfolio, including loan administration, collections, and asset management.
Leadership and Structure
Chicago Atlantic Real Estate Finance Inc. is led by a management team with extensive experience in real estate finance and investment. The specific details of the leadership team (CEO, CFO, etc.) and the detailed organizational chart would require access to their latest SEC filings.
Top Products and Market Share
Key Offerings
- Cannabis Real Estate Financing: Providing debt financing solutions to real estate owners and operators in the cannabis industry. This segment has become a significant focus due to the growth and evolving regulatory landscape of the industry. Competitors in this niche include other specialized real estate finance companies and private lenders adapting to the sector. Market share data is not publicly available in a granular format for this specific niche product.
- General Commercial Real Estate Lending: While a focus on cannabis is prominent, the company also engages in traditional commercial real estate lending, offering a range of debt products. Competitors are broad and include traditional banks, mortgage REITs, and other private lenders.
Market Dynamics
Industry Overview
The commercial real estate finance industry is influenced by interest rate environments, economic growth, and sector-specific trends. The cannabis real estate market is a rapidly evolving niche within this broader industry, characterized by unique regulatory challenges and significant growth potential.
Positioning
Chicago Atlantic Real Estate Finance Inc. is positioned as a specialized lender, particularly within the burgeoning cannabis real estate sector. Its competitive advantage lies in its early mover status and expertise in navigating the complexities of financing in this regulated industry.
Total Addressable Market (TAM)
The TAM for commercial real estate finance is vast, encompassing billions of dollars in property value. For the cannabis real estate market specifically, the TAM is growing rapidly as the industry legalizes and expands. Chicago Atlantic Real Estate Finance Inc. aims to capture a significant portion of this niche TAM through its specialized lending platform.
Upturn SWOT Analysis
Strengths
- Specialization in the growing cannabis real estate market
- Experienced management team with real estate finance expertise
- Diversified loan portfolio
Weaknesses
- Reliance on a specific, evolving industry (cannabis) can introduce regulatory and operational risks
- As a relatively young company, may have less established track record compared to larger, older institutions
- Sensitivity to changes in interest rates and credit markets
Opportunities
- Continued expansion and legalization of the cannabis industry
- Growth in demand for specialized real estate financing solutions
- Potential for diversification into other niche real estate sectors
Threats
- Changes in federal or state cannabis regulations
- Increased competition in the cannabis real estate lending space
- Economic downturns affecting real estate values and loan performance
- Interest rate hikes impacting borrowing costs and property valuations
Competitors and Market Share
Key Competitors
- NewLake Capital Partners (OTC: NLCP)
- IIPR (Innovative Industrial Properties, Inc.) (NYSE: IIPR)
Competitive Landscape
Chicago Atlantic Real Estate Finance Inc. faces competition from established players like Innovative Industrial Properties (IIPR), which has a larger scale and longer operating history. Its advantage lies in its potentially more flexible lending approach and focus on specific underserved segments within the cannabis real estate market. Competitors offer similar real estate investment and financing solutions for the cannabis industry.
Growth Trajectory and Initiatives
Historical Growth: The company has demonstrated growth since its inception, particularly driven by its strategic focus on the cannabis real estate market. Its loan origination and portfolio size have likely expanded significantly.
Future Projections: Future growth projections would typically be based on analyst consensus estimates, which consider industry trends, company strategy, and economic outlook. These are dynamic and subject to revision.
Recent Initiatives: Recent initiatives may include expanding its lending platform, forming strategic partnerships, or increasing its capital base to support further loan origination.
Summary
Chicago Atlantic Real Estate Finance Inc. is a specialized real estate finance company with a strong focus on the growing cannabis industry. Its strengths lie in its niche expertise and experienced management, offering significant growth opportunities as the cannabis market expands. However, it faces considerable risks from regulatory changes, increased competition, and general market volatility. Careful navigation of these threats and continued strategic execution will be crucial for its long-term success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Financial Data Aggregators (e.g., Yahoo Finance, Bloomberg - specific data points require access)
- Industry Analysis Reports
Disclaimers:
This JSON output is a structured overview based on publicly available information and general industry knowledge. It is not financial advice. Numerical data for market share, dividends, and financial metrics are illustrative and require real-time data retrieval for absolute accuracy. Specific competitor market share data is estimated for illustrative purposes. Investors should conduct their own due diligence.
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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