Streetbeat News

REFI

Chicago Atlantic Real Estate Finance, Inc.

https://investors.refi.reit

Industry

REIT - Mortgage

Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2021 and is based in Chicago, Illinois.

Open

15.66

Mkt cap

309M

Volume

130K

High

15.95

P/E Ratio

8.01

52-wk high

17.65

Low

15.47

Div yield

0.14

52-wk low

14.82

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) has secured a $50 million unsecured term loan with a BBB+ rating from Egan-Jones. The loan will enhance liquidity for future investments and general corporate purposes, including repaying existing borrowings.

Portfolio Pulse from Nicolás Jose Rodriguez

October 23, 2024 | 5:10 pm

Chicago Atlantic Real Estate Finance has secured a $50 million unsecured term loan from two institutional private lending platforms. This funding will be used for future investments and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 11:13 am

Chicago Atlantic Real Estate Finance, NewLake Capital Partners, and Cresco Labs are set to report their Q3 2024 earnings. Chicago Atlantic will release its results on Nov. 7, NewLake on Nov. 14, and Cresco Labs on Nov. 8. These reports will provide insights into their financial health and strategic progress in the cannabis sector.

Portfolio Pulse from Jelena Martinovic

October 17, 2024 | 3:28 pm

The removal of Section 280E from the Internal Revenue Code could allow cannabis companies to operate like normal businesses, enabling them to deduct typical business expenses. This change would provide companies like Verano Holdings and others with more funds for R&D and make them more attractive to investors. The potential rescheduling of cannabis could further enhance these benefits.

Portfolio Pulse from Jelena Martinovic

October 08, 2024 | 6:48 pm

New Lake Capital Partners (OTC:NLCP) is highlighted as a stable investment in the volatile cannabis market, offering strong dividend yields and rental income growth. Despite some tenant risks, NLCP's conservative debt strategy and solid financial performance make it an attractive option compared to peers like Innovative Industrial Properties (NYSE:IIPR).

Portfolio Pulse from Nicolás Jose Rodriguez

September 14, 2024 | 8:32 pm

Advanced Flower Capital Group (NASDAQ:AFCG) is poised to benefit from a $1.7 billion demand for cannabis loans due to new laws. The company, a leading lender in the cannabis sector, has spun off its commercial real estate assets to focus on cannabis-related loans. AFCG's strong financial position, high yield-to-maturity rates, and attractive dividend yield make it a compelling investment. The company is well-positioned for growth with access to over $100 million in capital and a strategic focus on lending to operators in limited-license states.

Portfolio Pulse from Nicolás Jose Rodriguez

September 12, 2024 | 2:09 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is highlighted as a stable investment in the volatile U.S. cannabis sector, showing resilience with a growing loan book and consistent dividends. Despite market downturns, REFI's stock remains stable, contrasting with the MSOS ETF's decline. Analyst Pablo Zuanic endorses an 'Overweight' stance on REFI, citing its growth potential and strategic management.

Portfolio Pulse from Nicolás Jose Rodriguez

August 28, 2024 | 4:56 pm

Silver Spike Investment Corp. (NASDAQ:SSIC) reported higher Q2 net income and declared a $0.25 dividend. The company saw total investment income of $3.1 million and net investment income of $1.5 million. Net asset value per share slightly decreased due to dividend payments. Silver Spike also announced a loan portfolio acquisition agreement with Chicago Atlantic Loan Portfolio (NASDAQ:REFI).

Portfolio Pulse from Nina Zdinjak

August 09, 2024 | 1:37 pm

Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI) reported strong Q2 2024 financial results with net income of $9.2 million and a steady net interest income of $13.2 million. The company highlighted regulatory tailwinds in the cannabis industry and proactive capital management, raising over $6 million through its ATM program. REFI's shares were trading 0.58% higher at $15.36 per share.

Portfolio Pulse from Patricio Liddle

August 07, 2024 | 4:58 pm

Chicago Atlantic Real (NASDAQ:REFI) reported Q2 2024 adjusted EPS of $0.50, missing the $0.51 estimate. Sales were $15.022M, below the $16.241M estimate, but up 2.48% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:03 am

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