Chicago Atlantic Real Estate Finance (REFI US)
REFI US$9.06
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 9.06
- Change
- ▼ -0.14 (-1.52)
- Bid / Ask
- 9.04 - 10.75
- Volume
- 16,623
- Turnover
- 118,261
- Open
- 9.20
- Day Range
- 8.98 - 9.20
- VWAP
- 9.09
- Prev Close
- 9.20
- Last Trade
- 28/10 4:00pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Real Estate
- Shares Issued
- 25,621,146
- NTA/Share
- 14.60
- Last Dividend
- 0.47
- Dividend Ex Date
- 30 SEP 2026
- Dividend Pay Date
- 15 OCT 2026
Current (USD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 55.56
- EBITDA
- —
- Profit
- 36.01
- Earnings Per Share (EPS)
- 1.68
- Dividend Per Share (DPS)
- 1.88
- Yield %
- 20.06
- Market Cap
- 232.13
- Price to Earnings Ratio (P/E)
- 6.66
Estimates (USD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 54.80
- EBITDA
- —
- Profit
- 43.94
- Earnings Per Share (EPS)
- 1.85
- Dividend Per Share (DPS)
- 1.88
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- High
Morningstar Quantitative Rating as of 23 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 9.06 Fair value 12.14 One-star price 16.28
Morningstar Quantitative Rating as of 23 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 12.14
- Price / Fair Value
- 0.77
- Valuation
- Undervalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 23 OCT 2026. The slider runs from the five-star price (9.06) to the one-star price (16.28).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 9.37 |
| Price - 12 month high | 13.49 |
| Price - 12 month low | 8.77 |
| Pricing date | 22 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.20 |
| Market capitalization | 240.07 |
| 12 Month High price date | 12 DEC 2025 |
| 12 Month Low price date | 19 OCT 2026 |
| Volume - avg. trading volume for the last 3 months | 0.20 |
| Price - 1 Day % Change | -0.32% |
| Price - 13 week price percent change | -7.04% |
| Price - 26 week price percent change | -21.26% |
| Price - 5 Day % Change | 0.64% |
| Price - 52 week price percent change | -28.47% |
| Price - YTD price percent change | -26.45% |
| Price % Change Month To Date | -12.35% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 1.680 |
| EPS excluding extraordinary items - trailing 12 month | 1.370 |
| EPS Normalized - most recent fiscal year | 1.837 |
| Revenue/share - most recent fiscal year | 2.592 |
| Revenue/share - trailing 12 month | 2.481 |
| Book value per share - most recent fiscal year | 14.602 |
| Book value per share - most recent quarter | 14.152 |
| Book value (tangible) per share - most recent fiscal year | 14.602 |
| Book value (tangible) per share - most recent quarter | 14.152 |
| Cash per share - most recent fiscal year | 0.709 |
| Cash per share - most recent quarter | 0.626 |
| Cash Flow per share - most recent fiscal year | 1.430 |
| Cash Flow per share - trailing 12 month | 1.323 |
| Dividend per share - most recent fiscal year | 1.880 |
| Dividends per share - trailing 12 month | 1.880 |
| EBITD per share - trailing 12 month | — |
| EPS Basic excluding extraordinary items - most recent fiscal year | 1.710 |
| EPS Basic excluding extraordinary items - trailing 12 month | 1.380 |
| EPS including extraordinary items - most recent fiscal year | 1.710 |
| EPS including extraordinary items - trailing 12 month | 1.390 |
| Free Cash Flow per share - trailing 12 month | 1.323 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 6.84 |
| P/E Normalized, most recent fiscal year | 6.08 |
| Price to sales - most recent fiscal year | 3.78 |
| Price to Tangible Book - most fiscal year | 0.66 |
| Price to Free Cash Flow per Share - most recent fiscal year | 7.08 |
| Price to Cash Flow per share - trailing 12 month | 7.08 |
| Price to Book - most recent fiscal year | 0.66 |
| P/E excluding extraordinary items high, trailing 12 months | 8.31 |
| P/E excluding extraordinary items low, trailing 12 months | 6.40 |
| Net Debt, LFI | 127.15 |
| Net Debt, LFY | 83.49 |
| Dividend Yield - 5 Year Average | 8.25% |
| Dividend Yield - indicated annual dividend divided by closing price | 20.00% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 20.06% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 30.64 |
| LT debt/equity - most recent fiscal year | — |
| Payout ratio - most recent fiscal year | 111.90% |
| Total debt/total equity - most recent fiscal year | 31.98% |
| LT debt/equity - most recent quarter | — |
| Total debt/total equity - most recent quarter | 46.58% |
| Free Cash Flow - trailing 12 month | 28.51 |
| Payout ratio - trailing 12 month | 137.23% |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 55.56 |
| Revenue - trailing 12 month | 53.45 |
| EBITD - most recent fiscal year | — |
| EBITD - trailing 12 month | — |
| Earnings before taxes - most recent fiscal year | 36.01 |
| Earnings before taxes - trailing 12 month | 29.41 |
| Net Income available to common - most recent fiscal year | 36.01 |
| Net Income available to common - trailing 12 months | 29.41 |
| Earnings before taxes Normalized - most recent fiscal year | 39.38 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 1.54 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 64.82% |
| Net Profit Margin % - trailing 12 month | 55.01% |
| Operating margin - 1st historical fiscal year | — |
| Operating margin - trailing 12 month | — |
| Pretax margin - trailing 12 month | 55.01% |
| Pretax margin - 1st historical fiscal year | 64.82% |
| Operating Margin - 5 year average | — |
| Pretax Margin - 5 year average | 66.52% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 53.60% |
| Free Operating Cash Flow/Revenue, TTM | 53.33% |
| Net Profit Margin - 5 year average | 66.52% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 8.35% |
| Return on average assets - trailing 12 month | 6.67% |
| Return on average equity - most recent fiscal year | 11.64% |
| Return on average equity - trailing 12 month | 9.59% |
| Return on average assets - 5 year average | 9.63% |
| Return on average equity - 5 year average | 12.50% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | — |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | 1.27% |
| Revenue/share (5 yr growth) | — |
| Growth rate% - Revenue, 3 year | 4.38% |
| Growth rate% - EPS, 3 year | -2.63% |
| Book value per share growth rate, 5 year | — |
| Capital Spending growth rate, 5 year | — |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | |||||||
| Estimate breakdown |
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (USD, millions)
| Period end: | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
No opinions for this company yet.
Action
No actions for this company yet.
Business Summary
Chicago Atlantic Real Estate Finance Inc is engaged in a commercial real estate finance company. The Company operates as one operating segment, and its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, mainly through consistent current income (dividends and distributions) and secondarily, through capital appreciation. The company operates mainly within the USA itself.
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