REFI · Chicago Atlantic Real Estate Finance, Inc.
3 customers — 23.2% of revenue (six months ended June 30, 2026)
“As of and for the six months ended June 30, 2026 and 2025, the top three borrowers represented approximately 23.2% and 26.0% of the total interest income, respectively.”
3 customers — 26% of revenue (six months ended June 30, 2025)
“As of and for the six months ended June 30, 2026 and 2025, the top three borrowers represented approximately 23.2% and 26.0% of the total interest income, respectively.”
3 customers — 31.5% of receivables (June 30, 2026)
“Our total loan portfolio as of June 30, 2026 and December 31, 2025, was concentrated with the top three borrowers representing approximately 31.5% and 25.6% of principal outstanding, respectively.”
One customer — 11.8% of receivables (June 30, 2026)
“The largest loan represented approximately 11.8% and 11.1% of principal outstanding as of June 30, 2026 and December 31, 2025, respectively.”
3 customers — 25.6% of receivables (December 31, 2025)
“Our total loan portfolio as of June 30, 2026 and December 31, 2025, was concentrated with the top three borrowers representing approximately 31.5% and 25.6% of principal outstanding, respectively.”
One customer — 11.1% of receivables (December 31, 2025)
“The largest loan represented approximately 11.8% and 11.1% of principal outstanding as of June 30, 2026 and December 31, 2025, respectively.”
Price & Indicators
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Metrics snapshot
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Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Aggregate loan portfolio bearing a variable interest rate | 62.5% | three months ended June 30, 2026 | — |
| Book value per share | $14.15 | three months ended June 30, 2026 | — |
| Cash dividend declared per share | $0.47 | three months ended June 30, 2026 filing | — |
| Debt/equity ratio | 46.6% | three months ended June 30, 2026 | — |
| Distributable earnings - basic non-GAAP | $9,290,163 | three months ended June 30, 2026 | — |
| Distributable earnings - basic per share non-GAAP | $0.44 | three months ended June 30, 2026 | — |
| Distributable earnings - diluted non-GAAP | $9,290,163 | three months ended June 30, 2026 | — |
| Distributable earnings - diluted per share non-GAAP | $0.43 | three months ended June 30, 2026 | — |
| gross originations | 59.2M | three months ended June 30, 2026 | — |
| Gross unlevered weighted average yield to maturity | 15.8% | three months ended June 30, 2026 | — |
| Portfolio companies | 26 | three months ended June 30, 2026 | — |
| Sponsor capital under management | $2.4B | As of March 31, 2026 | — |
| Total cash dividend payment | $10M | three months ended June 30, 2026 filing | — |
| total drawn leverage | 141.1M | as of June 30, 2026 | — |
| total liquidity, net of estimated liabilities | 16M | as of August 11, 2026 | — |
| Total loan principal outstanding | $453,125,652 | three months ended June 30, 2026 | — |
| Unfunded commitments | $2,355,293 | three months ended June 30, 2026 | — |
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 |
|---|---|---|---|---|---|
|
REFI
this stock
Chicago Atlantic Real Estate Finance, Inc.
|
$272.87M | -17.9% | — | 7.8 | 5.4% |
|
NLY
Annaly Capital Management Inc
|
$15.53B | -17.3% | — | 5.6 | 2.4% |
|
AGNC
AGNC Investment Corp.
|
$11.30B | -18.0% | — | 5.4 | 9.2% |
|
STWD
Starwood Property Trust, Inc.
|
$5.32B | -27.5% | -5.3% | — | 5.2% |
|
RITM
Rithm Capital Corp.
|
$5.10B | -20.1% | -6.7% | 15.2 | 5.2% |
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 | -5.5% | -7.4% | -13.2% | +0.4% | -17.9% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -5.3% | -6.9% | -25.4% | -0.5% | -30.8% |
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.