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Chicago Atlantic Real Estate Finance, Inc.

REFI

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Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$226M
EPS$1.37
P/E6.45
P/FCF–
EV/EBITDA–
FCF Yield–
Div. Yield17.94%
Net Debt/FCF–
Chicago Atlantic Real Estate Finance, Inc. intrinsic value
52-Week Range
$8.77$13.47

Profitability & Returns

Revenue

N/A

Net Income (TTM)

$29M

▼ -2.8% YoY

Op. Margin

–

ROIC

–

Cash Flow & Balance Sheet

FCF

N/A

Op. Cash Flow (TTM)

$27M

▲ +24.3% YoY

Net Debt

$36M

Cash & Equiv.

$13M

Continue Research

Peers

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Held by ETFs

REFI is in 9 US ETFs. The largest of them, with REFI's weight in each:

Chicago Atlantic Real Estate Finance (REFI) in four numbers

Fair value (dividends)
$18.80
Price $8.84 is 53% below it.
Intrinsic Value
Quality score
33/100
Best check: debt / EBITDA, 1.3x. Weakest: dividend coverage, 151%.
Quality
Dividend (TTM)
$1.88
17.94% yield, not raised in the latest year.
Dividends
P/E
6.45
From the last twelve months of earnings.
Financials

Questions about Chicago Atlantic Real Estate Finance

Is Chicago Atlantic Real Estate Finance (REFI) overvalued?

At $8.84, Chicago Atlantic Real Estate Finance's price is 53% below the $18.80 a share fair value that Intrinsiqq's calculator gets from its dividends. It trades at 6.45 times earnings. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.

What is Chicago Atlantic Real Estate Finance's fair value?

Intrinsiqq's calculator puts Chicago Atlantic Real Estate Finance's fair value at $18.80 a share. It grows dividend per share 0% a year for 5 years, ends at a 10% dividend yield, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $14.10. Every input can be changed on the Intrinsic Value tab.

Is Chicago Atlantic Real Estate Finance a high-quality business?

Chicago Atlantic Real Estate Finance scores 33 out of 100 on Intrinsiqq's quality score, which makes it a lower-quality business on these measures. The score blends 4 checks computed from SEC filings. Its best check is debt / EBITDA at 1.3x, and its weakest is dividend coverage at 151%. The Quality tab shows every check against its target.

Does Chicago Atlantic Real Estate Finance (REFI) pay a dividend, and how much?

Yes. Chicago Atlantic Real Estate Finance (REFI) pays a dividend: $1.88 per share over the last twelve months, a dividend yield of 17.94% at the latest close. Its dividend per share has shrunk at 3.6% a year over the last 3 years. The Dividends tab has the full payment history and the safety score.

Source: 10-Q filed 6 Aug 2026 (period ending 30 Jun 2026), SEC. Price: last close 30 Oct 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in REFI's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.