Stocks Real estate REFI
NASDAQ · Real estateChicago Atlantic Real Estate Finance, Inc. (REFI)
At June 30, 2026 it held $13.4M in cash against $49.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 11, 2026.
Key facts about Chicago Atlantic Real Estate Finance, Inc.
- Net worth
- Chicago Atlantic Real Estate Finance, Inc. has a market value (market cap) of $227M at the latest share price, and shareholders' equity of $301.6M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2022 revenue was $48.9M, with net income of $32.3M.
- Cash flow
- In fiscal 2025 operations brought in $28.8M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 11, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Chicago Atlantic Real Estate Finance, Inc.'s next report was expected around November 3, 2026 and is not on file with the SEC yet.
- Dividend
- Chicago Atlantic Real Estate Finance, Inc. declared dividends of $1.88 per share in fiscal 2025, a yield of 21.22% at the current price.
What Chicago Atlantic Real Estate Finance, Inc. does
Chicago Atlantic Real Estate Finance, Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NASDAQ under the ticker REFI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $36M | $1.68 | n/a |
| 2024 | n/a | $37M | $1.88 | n/a |
| 2023 | n/a | $38.7M | $2.11 | n/a |
| 2022 | $48.9M | $32.3M | $1.82 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Chicago Atlantic Real Estate Finance, Inc. declared $1.88 per share in fiscal 2025. At the current price that is a yield of 21.22%. It paid out $43.8M in cash dividends, 122% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.88 | $43.8M | 122% |
| 2024 | $2.06 | $41.6M | 112% |
| 2023 | $2.17 | $39.1M | 101% |
| 2022 | $2.10 | $28.2M | 87% |
Latest SEC filings
What Chicago Atlantic Real Estate Finance, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 11, 2026Form 425 filing 425
- August 11, 2026Additional proxy material DEFA14A
- August 11, 2026Form 425 filing 425
- August 11, 2026
- August 11, 2026
- July 14, 2026Form 425 filing 425
- July 13, 2026Form 425 filing 425
- July 13, 2026
- June 18, 2026Form 425 filing 425
- June 18, 2026Form 425 filing 425
Insider trades
What the people running Chicago Atlantic Real Estate Finance, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $1.3M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 27, 2026 | Mazarakis JohnExecutive Chairman, Director | Bought | 7,530 | $80.3K |
| August 26, 2026 | Mazarakis JohnExecutive Chairman, Director | Bought | 40,181 | $428.6K |
| August 21, 2026 | Mazarakis JohnExecutive Chairman, Director | Bought | 145 | $1.5K |
| August 19, 2026 | Sack PeterCo-Chief Executive Officer, Director | Bought | 1,500 | $15.8K |
| August 19, 2026 | Sack PeterCo-Chief Executive Officer, Director | Bought | 2,000 | $20.8K |
| August 18, 2026 | Sack PeterCo-Chief Executive Officer, Director | Bought | 1,500 | $15.6K |
| August 17, 2026 | Cappell AnthonyCo-Chief Executive Officer, Director | Bought | 45,000 | $468.2K |
| August 17, 2026 | Mazarakis JohnExecutive Chairman, Director | Bought | 25,000 | $256.3K |
Who owns REFI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
8 insiders reported holding 1,802,525 shares in total, about $16.7M at the last price.
| Holder | Shares |
|---|---|
| Cappell AnthonyCo-Chief Executive Officer, Director | 888,412 |
| Mazarakis JohnExecutive Chairman, Director | 526,562 |
| Sack PeterCo-Chief Executive Officer, Director | 123,356 |
| Kite DavidPresident and COO | 96,615 |
| Silverman PhillipChief Financial Officer | 71,516 |
| Papastavrou Jason DDirector | 55,870 |
| Konigsberg BrandonDirector | 33,870 |
| Stavola Elizabeth MaryDirector | 6,324 |
Questions about REFI
What does Chicago Atlantic Real Estate Finance, Inc. do?
Chicago Atlantic Real Estate Finance, Inc. is a company in the Real estate sector, listed on NASDAQ as REFI. Its shares trade on NASDAQ under the ticker REFI.
What is Chicago Atlantic Real Estate Finance, Inc.'s net worth?
Chicago Atlantic Real Estate Finance, Inc. has a market value (market cap) of $227M at the latest share price, and shareholders' equity of $301.6M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Chicago Atlantic Real Estate Finance, Inc. profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $29.4M.
When did Chicago Atlantic Real Estate Finance, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 11, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from August 28, 2026.
When is Chicago Atlantic Real Estate Finance, Inc.'s next earnings report?
Chicago Atlantic Real Estate Finance, Inc.'s next report was expected around November 3, 2026 and is not on file with the SEC yet.
Does Chicago Atlantic Real Estate Finance, Inc. pay a dividend?
Yes. Chicago Atlantic Real Estate Finance, Inc. declared dividends of $1.88 per share in fiscal 2025, a yield of 21.22% at the current price.
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Where the numbers come from
Financial figures are the values Chicago Atlantic Real Estate Finance, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.