📊 REFI Key Takeaways
Is Chicago Atlantic Real Estate Finance, Inc. (REFI) a Good Investment?
REFI demonstrates exceptional profitability with 65% net margins and conservative leverage (0.16x debt/equity), but growth stagnation is evident with flat revenue (+0.8% YoY) and declining net income (-2.8% YoY) and EPS (-10.6% YoY). Strong free cash flow generation supports current dividends, but the absence of topline growth and earnings deterioration raises concerns about capital deployment and long-term value creation.
REFI delivers strong profitability and cash generation, with 65% margins, 11.7% ROE, and very conservative leverage providing resilience and capacity to expand the loan book. While revenue growth is flat and EPS declined, interest coverage is solid and the balance sheet supports durable earnings if credit quality holds and deployment improves.
Why Buy Chicago Atlantic Real Estate Finance, Inc. Stock? REFI Key Strengths
- Exceptional net profit margin of 65% with consistent operating income conversion
- Conservative capital structure with low leverage (0.16x debt/equity) and solid 5.2x interest coverage
- Strong free cash flow generation at $28.8M with 52% FCF margin, providing flexibility for distributions
- Very high operating/net margins (65%)
- Conservative balance sheet (0.16x D/E) with 5.2x interest coverage
- Solid ROE (11.7%) and strong FCF margin (52%)
REFI Stock Risks: Chicago Atlantic Real Estate Finance, Inc. Investment Risks
- Minimal revenue growth trajectory at 0.8% YoY indicates business stagnation in competitive market
- Declining profitability metrics: net income down 2.8% YoY and diluted EPS down 10.6% YoY suggest operational headwinds
- Low absolute cash position of $14.9M relative to $424.9M asset base limits operational flexibility and reduces cushion for market disruptions
- Credit quality deterioration (non-accruals/impairments) could erode earnings
- Interest-rate/funding-cost volatility may compress spreads
- Muted growth and potential dilution can pressure EPS
Key Metrics to Watch
- Quarterly revenue growth rate and portfolio origination trends
- Diluted earnings per share trajectory and share count changes
- Free cash flow generation and dividend payout sustainability ratio
- Non-accrual rate/credit loss provisions
- Net interest margin (yield on earning assets vs. cost of funds)
Chicago Atlantic Real Estate Finance, Inc. (REFI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 52.0% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
REFI Profit Margin, ROE & Profitability Analysis
REFI vs Real Estate Sector: How Chicago Atlantic Real Estate Finance, Inc. Compares
How Chicago Atlantic Real Estate Finance, Inc. compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Chicago Atlantic Real Estate Finance, Inc. Stock Overvalued? REFI Valuation Analysis 2026
Based on fundamental analysis, Chicago Atlantic Real Estate Finance, Inc. appears fundamentally strong relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Chicago Atlantic Real Estate Finance, Inc. Balance Sheet: REFI Debt, Cash & Liquidity
REFI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Chicago Atlantic Real Estate Finance, Inc.'s revenue has grown significantly by 341% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.88 reflects profitable operations.
REFI Revenue Growth, EPS Growth & YoY Performance
REFI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2023 | $11.4M | $7.5M | $0.42 |
| Q1 2023 | $9.8M | $7.8M | $0.44 |
| Q3 2022 | $4.1M | $1.1M | $0.55 |
| Q1 2022 | $9.8M | $7.8M | $0.44 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Chicago Atlantic Real Estate Finance, Inc. Dividends, Buybacks & Capital Allocation
REFI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Chicago Atlantic Real Estate Finance, Inc. (CIK: 0001867949)
📋 Recent SEC Filings
❓ Frequently Asked Questions about REFI
What is the AI rating for REFI?
Chicago Atlantic Real Estate Finance, Inc. (REFI) has a Combined AI Rating of BUY from Claude (HOLD) and ChatGPT (BUY) with 70% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are REFI's key strengths?
Claude: Exceptional net profit margin of 65% with consistent operating income conversion. Conservative capital structure with low leverage (0.16x debt/equity) and solid 5.2x interest coverage. ChatGPT: Very high operating/net margins (65%). Conservative balance sheet (0.16x D/E) with 5.2x interest coverage.
What are the risks of investing in REFI?
Claude: Minimal revenue growth trajectory at 0.8% YoY indicates business stagnation in competitive market. Declining profitability metrics: net income down 2.8% YoY and diluted EPS down 10.6% YoY suggest operational headwinds. ChatGPT: Credit quality deterioration (non-accruals/impairments) could erode earnings. Interest-rate/funding-cost volatility may compress spreads.
What is REFI's revenue and growth?
Chicago Atlantic Real Estate Finance, Inc. reported revenue of $55.4M.
Does REFI pay dividends?
Chicago Atlantic Real Estate Finance, Inc. pays dividends, with $43.8M distributed to shareholders in the trailing twelve months.
Where can I find REFI SEC filings?
Official SEC filings for Chicago Atlantic Real Estate Finance, Inc. (CIK: 0001867949) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is REFI's EPS?
Chicago Atlantic Real Estate Finance, Inc. has a diluted EPS of $1.68.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is REFI a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Chicago Atlantic Real Estate Finance, Inc. has a BUY rating with 70% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is REFI stock overvalued or undervalued?
Valuation metrics for REFI: ROE of 11.7% (sector avg: 8%), net margin of 65.0% (sector avg: 20%). Higher ROE suggests strong returns relative to peers.
Should I buy REFI stock in 2026?
Our dual AI analysis gives Chicago Atlantic Real Estate Finance, Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is REFI's free cash flow?
Chicago Atlantic Real Estate Finance, Inc.'s operating cash flow is $28.8M, with capital expenditures of N/A. FCF margin is 52.0%.
How does REFI compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin 65.0% (avg: 20%), ROE 11.7% (avg: 8%), current ratio N/A (avg: 1.5).