$REFI Market Cap: $314.2 Million
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Financial Snapshot

Revenue
$46.62M
TTM
Gross Margin
87.66%
TTM
Net Earnings
$29.13M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
$435.1M
Q4 2024
Total Liabilities
$126.2M
Q4 2024
Book Value
$309.0M
Q4 2024
Cash
$26.40M
Q4 2024
P/E
10.79
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021
Revenue $63.08M $48.86M $11.08M
YoY Change 29.11% 341.15%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021
Revenue $63.08M $48.86M $11.08M
Cost Of Revenue $5.753M $2.614M
Gross Profit $57.33M $48.86M
Gross Profit Margin 90.88% 100.0%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

No data

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021
Selling, General & Admin $19.46M $12.68M $1.187M
YoY Change 53.5% 967.8%
% of Gross Profit 33.95% 25.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $19.46M $16.57M $1.503M
YoY Change 17.48% 1002.27%
Operating Profit $37.87M $32.29M
YoY Change 17.26%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021
Interest Expense $5.753M $2.024M -$75.86K
YoY Change 184.19% -2768.47%
% of Operating Profit 15.19% 6.27%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021
Pretax Income $37.05M $38.71M $32.29M $9.496M
YoY Change -4.3% 19.87% 240.05%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $37.05M $38.71M $32.29M $9.496M
YoY Change -4.3% 19.87% 240.05%
Net Earnings / Revenue 61.37% 66.1% 85.75%
Basic Earnings Per Share $1.92 $2.14 $1.83
Diluted Earnings Per Share $1.88 $2.11 $1.82 $1.472M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

No data

Total Short-Term Assets

Property, Plant And Equipment

No data

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021
Cash & Short-Term Investments $7.898M $5.716M $80.25M
YoY Change 38.18% -92.88%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $8.711M $6.734M $80.25M
YoY Change 29.36% -91.61%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $842.3K
YoY Change
Other Assets -$4.973M -$3.941M $868.0K
YoY Change 26.18% -554.01%
Total Long-Term Assets $350.5M $336.5M $197.9M
YoY Change 4.15% 70.04%
Total Assets $359.2M $343.3M $278.2M
YoY Change
Accounts Payable $1.135M $1.058M $212.9K
YoY Change 7.3% 397.03%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.25M $17.97M $5.656M
YoY Change 1.52% 217.76%
Long-Term Debt $66.00M $58.00M $0.00
YoY Change 13.79%
Other Long-Term Liabilities $3.126M $3.266M $8.437M
YoY Change -4.27% -61.29%
Total Long-Term Liabilities $69.13M $61.27M $8.437M
YoY Change 12.83% 626.19%
Total Liabilities $87.37M $79.24M $14.09M
YoY Change 10.27% 462.27%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021
Basic Shares Outstanding 19.28M 18.09M 17.65M shares
Diluted Shares Outstanding 19.71M 18.34M 17.75M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

No data

Free Cash Flow YoY

No data

Free Cash Flow Margin

No data

Dividends

Dividends

Stock Price

Market Cap: $314.15 Million

About Chicago Atlantic Real Estate Finance, Inc.

Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust. The company is headquartered in Chicago, Illinois and currently employs 0 full-time employees. The company went IPO on 2021-12-08. The firm utilizes 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. Its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, primarily through consistent current income dividends and other distributions and, secondarily, through capital appreciation. The company focuses on achieving this objective by originating, structuring and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio consists primarily of senior loans to state-licensed operators in the cannabis industry. The firm also invests in companies or properties that are not related to the cannabis industry. The firm is externally managed by Chicago Atlantic REIT Manager, LLC.

Industry: Real Estate Investment Trusts Peers: Advanced Flower Capital Inc. Angel Oak Mortgage REIT, Inc. ANNALY CAPITAL MANAGEMENT INC Granite Point Mortgage Trust Inc. Rithm Property Trust Inc. Invesco Mortgage Capital Inc. NexPoint Real Estate Finance, Inc. Seven Hills Realty Trust Orchid Island Capital, Inc. Sachem Capital Corp.