Chicago Atlantic Real Estate Finance, Inc. (REFI)
Chicago Atlantic Real Estate Finance, Inc. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in Miami Beach, FL, US. The stock last traded at $10.45, up 2.15% on the session, giving a market capitalisation of $222.7M. On trailing twelve-month figures it carries a trailing P/E of 7.52, a net margin of 65.5%. Its beta of 0.32 implies it has historically moved less than the broad market.
Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.
Chicago Atlantic Real Estate Finance, Inc. is most often compared with the following Real Estate names: