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Chicago Atlantic Real Estate Finance, Inc.

corporate_fare Company Profile

Chicago Atlantic Real Estate Finance, Inc.

REFI·NASDAQ·Real Estate & Construction·CIK 0001867949

Chicago Atlantic Real Estate Finance, Inc. is a commercial mortgage real estate investment trust (REIT) incorporated in Maryland on March 30, 2021. The Company, along with its wholly owned subsidiary, Chicago Atlantic Lincoln, LLC, commenced operations on March 30, 2021, and completed its initial public offering in December 2021. The Company has elected to be taxed as a REIT for United States federal income tax purposes starting with its taxable year ended December 31, 2021, and believes it qualifies and will continue to qualify as a REIT. As a REIT, the Company generally will not be subject to United States federal income taxes on its REIT taxable income if it annually distributes at least 90% of its REIT taxable income to stockholders and complies with other requirements. The Company is externally managed by Chicago Atlantic REIT Manager, LLC, under a management agreement dated May 1, 2021, and amended in October 2021. All investment decisions are made by the Manager's Investment Committee, with oversight from the Company's board of directors. The primary investment objective is to provide attractive, risk-adjusted returns for stockholders, mainly through consistent current income dividends and other distributions, and secondarily through capital appreciation.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a publicly traded company in the Real Estate & Construction sector. Wiseek monitors REFI SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • REFI Issues $62.5M Stock for High-Yield Cannabis Loans at Premium to Market
  • REFI swaps $62.5M of second-lien notes for 4.3M shares at $14.53, diluting existing holders by 16.8%
  • REFI Places 4.3M Shares at $14.53 for $62.5M Second-Lien Notes, Diluting Existing Holders by 16.8%
  • REFI to Merge with Chicago Atlantic BDC (LIEN) in All-Stock Transaction
  • Chicago Atlantic Real Estate Finance (REFI) Announces Definitive All-Stock Merger with Chicago Atlantic BDC (LIEN)

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
$36.01M
Diluted EPS
$1.68
Op. Cash Flow
$28.79M
Cash & Equivalents
$14.95M
Debt / Equity
0.00×
Shares Outstanding
21.08M sh
Source: 10-K · filed 2026-03-12 · accession 0001193125-26-103027

Dilution Risk

Low risk

Filing-implied dilution signals for REFI, detected from its recent SEC filings · based on capital-structure filings through 2026-07-13.

Share Issuance for Notes · Dilution Impact

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Browse all tickers starting with R →
$10.09
52-week range · as of 2026-07-13 $10.09 – $14.57
Market cap
$215.06M
Volume
156.6K (0.8× avg)
3-mo avg 194.1K
Live data · 2026-07-29 05:27 UTC · Market overnight

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feed REFI - Latest Insights

REFI
Jul 13, 2026, 4:33 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $10.73
Real-time Price: $10.09 info
Change: -$0.640 (-6%) info
Market Cap: $215.062M info
REFI
Jul 13, 2026, 4:31 PM EDT
Filing Type: 425
Importance Score:
8
Price at Filing: $10.73
Real-time Price: $10.09 info
Change: -$0.640 (-6%) info
Market Cap: $215.062M info
REFI
Jul 13, 2026, 4:30 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $10.73
Real-time Price: $10.09 info
Change: -$0.640 (-6%) info
Market Cap: $215.062M info
REFI
Jun 18, 2026, 4:05 PM EDT
Filing Type: 425
Importance Score:
9
Price at Filing: $11.45
Real-time Price: $10.09 info
Change: -$1.36 (-12%) info
Market Cap: $215.062M info
REFI
Jun 18, 2026, 4:05 PM EDT
Filing Type: 425
Importance Score:
9
Price at Filing: $11.45
Real-time Price: $10.09 info
Change: -$1.36 (-12%) info
Market Cap: $215.062M info
REFI
Jun 18, 2026, 7:39 AM EDT
Filing Type: DEFA14A
Importance Score:
9
Price at Filing: $11.20
Real-time Price: $10.09 info
Change: -$1.11 (-10%) info
Market Cap: $215.062M info
REFI
Jun 18, 2026, 7:35 AM EDT
Filing Type: 425
Importance Score:
9
Price at Filing: $11.20
Real-time Price: $10.09 info
Change: -$1.11 (-10%) info
Market Cap: $215.062M info
REFI
Jun 18, 2026, 7:30 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $11.20
Real-time Price: $10.09 info
Change: -$1.11 (-10%) info
Market Cap: $215.062M info
REFI
Jun 18, 2026, 7:01 AM EDT
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $11.20
Real-time Price: $10.09 info
Change: -$1.11 (-10%) info
Market Cap: $215.062M info
REFI
May 07, 2026, 7:11 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $12.06
Real-time Price: $10.09 info
Change: -$1.97 (-16%) info
Market Cap: $215.062M info
REFI
May 07, 2026, 7:01 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $12.06
Real-time Price: $10.09 info
Change: -$1.97 (-16%) info
Market Cap: $215.062M info
REFI
May 07, 2026, 7:00 AM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $12.06
Real-time Price: $10.09 info
Change: -$1.97 (-16%) info
Market Cap: $215.062M info
REFI
Apr 23, 2026, 7:00 AM EDT
Filing Type: DEF 14A
Importance Score:
8
Price at Filing: $12.00
Real-time Price: $10.09 info
Change: -$1.91 (-16%) info
Market Cap: $215.062M info
REFI
Mar 12, 2026, 7:09 AM EDT
Source: Reuters
Importance Score:
7
Price at Filing: $12.15
Real-time Price: $10.09 info
Change: -$2.06 (-17%) info
Market Cap: $215.062M info
REFI
Mar 12, 2026, 7:00 AM EDT
Filing Type: 10-K
Importance Score:
8
Price at Filing: $12.15
Real-time Price: $10.09 info
Change: -$2.06 (-17%) info
Market Cap: $215.062M info
REFI
Jan 16, 2026, 4:30 PM EST
Filing Type: S-3
Importance Score:
8
Price at Filing: $12.54
Real-time Price: $10.09 info
Change: -$2.45 (-20%) info
Market Cap: $215.062M info