REFI · Chicago Atlantic Real Estate Finance, Inc.
3 customers — 24.4% of revenue (three months ended March 31, 2026)
“As of and for the three months ended March 31, 2026 and 2025, the top three borrowers represented approximately 24.4% and 24.3% of the total interest income, respectively.”
3 customers — 24.3% of revenue (three months ended March 31, 2025)
“As of and for the three months ended March 31, 2026 and 2025, the top three borrowers represented approximately 24.4% and 24.3% of the total interest income, respectively.”
3 customers — 33.2% of receivables (March 31, 2026)
“Our loan portfolio as of March 31, 2026 and December 31, 2025, was concentrated with the top three borrowers representing approximately 33.2% and 26.9% of principal outstanding, respectively.”
One customer — 12.9% of receivables (March 31, 2026)
“The largest loan represented approximately 12.9% and 11.5% of principal outstanding as of March 31, 2026 and December 31, 2025, respectively.”
3 customers — 26.9% of receivables (December 31, 2025)
“Our loan portfolio as of March 31, 2026 and December 31, 2025, was concentrated with the top three borrowers representing approximately 33.2% and 26.9% of principal outstanding, respectively.”
One customer — 11.5% of receivables (December 31, 2025)
“The largest loan represented approximately 12.9% and 11.5% of principal outstanding as of March 31, 2026 and December 31, 2025, respectively.”
Price & Indicators
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TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Aggregate loan portfolio bearing a variable interest rate | 62.5% | Q2 2026 | — |
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| Distributable earnings - basic non-GAAP | $9,290,163 | Q2 2026 | — |
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| Distributable earnings - diluted non-GAAP | $9,290,163 | Q2 2026 | — |
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| Gross originations | $59.2M | Q2 2026 | — |
| Gross unlevered weighted average yield to maturity | 15.8% | Q2 2026 | — |
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| Portfolio companies | 26 | Q2 2026 | — |
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| Total loan principal outstanding | $453,125,652 | Q2 2026 | — |
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| Unfunded commitments | $2,355,293 | Q2 2026 | — |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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REFI
this stock
Chicago Atlantic Real Estate Finance, Inc.
|
$267.74M | -17.2% | — | 7.6 | 4.5% |
|
NLY
Annaly Capital Management Inc
|
$17.42B | +4.3% | — | — | 2.8% |
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AGNC
AGNC Investment Corp.
|
$12.98B | +2.2% | — | — | 8.4% |
|
STWD
Starwood Property Trust, Inc.
|
$6.09B | -9.5% | -5.3% | — | 4.9% |
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RITM
Rithm Capital Corp.
|
$5.71B | -5.0% | -6.7% | 17.1 | 7.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| REFI | -1.2% | -4.4% | -14.4% | +4.0% | -17.2% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | -1.6% | -8.9% | -28.1% | +0.1% | -31.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.