Chicago Atlantic Real Estate Finance, Inc.

REFI

REFIChicago Atlantic Real Estate Finance, Inc. US flag

NASDAQ Global Market

11.06

USD

-0.22

- -

234.55MMarket Cap

Income Statement (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	49	57	55	56
+ Sales & Services Revenue	- -	49	57	55	56
- Cost of Revenue	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -
+ Selling, General & Admin	- -	4	7	8	9
+ Research & Development	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	-4	-7	-8	-9
Operating Income (Loss)	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	- -	-32	-39	-37	-36
+ Interest Expense, Net	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	-32	-39	-37	-36
Pretax Income	- -	32	39	37	36
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	32	39	37	36
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	- -	32	39	37	36
- Minority Interest	- -	- -	- -	- -	- -
Net Income, GAAP	- -	32	39	37	36
- Preferred Dividends	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	32	39	37	36
EBIT	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -
EBITA	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -
Profit Margin (%)	- -	66.1	67.52	67.62	64.82
Sales per Employee	- -	- -	- -	- -	- -
Dividend per Share	- -	1.6	2.16	2.16	- -
Depreciation Expense	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	18	18	19	- -
Basic EPS, GAAP	- -	1.83	2.14	1.92	- -
Basic EPS from Cont Ops	- -	1.83	2.14	1.92	- -
Diluted Weighted Avg Shares	- -	18	18	20	- -
Diluted EPS, GAAP	- -	1.82	2.11	1.88	- -
Diluted EPS from Cont Ops	- -	1.82	2.11	1.88	- -

Balance Sheet (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	80	6	8	26	15
+ Cash & Cash Equivalents	80	6	8	26	15
+ ST Investments	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	1	1	1	5	5
+ Accounts Receivable, Net	- -	1	1	1	4
+ Notes Receivable, Net	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	- -	- -	3	1
+ Inventories	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -
+ Other ST Assets	-81	-7	-9	-31	-20
+ Misc ST Assets	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -
+ LT Investments & Receivables	- -	- -	1	- -	- -
+ LT Investments	- -	- -	1	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	-1	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	-1	- -	- -
Total Assets	278	343	359	435	425
+ Payables & Accruals	7	18	19	20	18
+ Accounts Payable	- -	1	1	1	1
+ Accrued Taxes	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -
+ Other Payables & Accruals	7	17	18	19	16
+ ST Debt	- -	58	66	55	49
+ ST Borrowings	- -	58	66	55	49
+ ST Finance Leases	- -	- -	- -	- -	- -
+ Other ST Liabilities	-7	-76	-85	-75	-67
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-7	-76	-85	-75	-67
Total Current Liabilities	- -	- -	- -	- -	- -
+ LT Debt	- -	58	66	49	49
+ LT Borrowings	- -	58	66	49	49
+ LT Finance Leases	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	-58	-66	-49	-49
+ Accrued Liabilities	7	2	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-7	-60	-66	-49	-49
Total Noncurrent Liabilities	- -	- -	- -	- -	- -
Total Liabilities	14	79	87	126	117
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Share Capital & APIC	264	269	278	319	323
+ Common Stock	- -	- -	- -	- -	- -
+ Additional Paid in Capital	264	269	277	319	323
- Treasury Stock	- -	- -	- -	- -	- -
+ Retained Earnings	- -	-5	-6	-10	-16
+ Other Equity	- -	- -	- -	- -	- -
Equity Before Minority Interest	264	264	272	309	308
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
Total Equity	264	264	272	309	308
Total Liabilities & Equity	278	343	359	435	425
Shares Outstanding	17	18	18	21	21
Number of Employees	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -
Net Debt	-80	110	124	78	83
Net Debt to Equity	-30.39	41.77	45.65	25.15	27.12
Tangible Common Equity Ratio	94.93	76.92	75.68	71	72.44
Current Ratio	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	- -	32	39	37	36
+ Depreciation & Amortization	- -	- -	- -	- -	- -
+ Non-Cash Items	- -	-5	-10	-7	-5
+ Stock-Based Compensation	- -	- -	1	3	3
+ Deferred Income Taxes	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	-5	-12	-10	-9
+ Chg in Non-Cash Work Cap	- -	-10	- -	-7	-2
+ (Inc) Dec in Accts Receiv	- -	-1	- -	-4	-1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	5	1	1	- -
+ Inc (Dec) in Other	- -	-14	-1	-4	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	17	28	23	29
+ Change in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	5	7	40	1
+ Increase in Capital Stock	- -	5	7	40	1
+ Decrease in Capital Stock	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	-125	-2	-39	9
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-125	-2	-39	9
+ Dividends Paid	- -	-28	-39	-42	-44
+ Net Cash From Debt	- -	58	8	39	-6
+ Cash From Debt	- -	58	82	209	142
+ Repayments of Debt	- -	- -	-74	-170	-148
+ Other Financing Activities	- -	-1	- -	-2	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	34	-24	35	-49
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -
Net Changes in Cash	- -	-75	2	19	-11
EBITDA	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -
Free Cash Flow	- -	17	28	23	29
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	17	28	23	29
Free Cash Flow to Equity	- -	75	36	62	23
Free Cash Flow per Basic Share	- -	0.96	1.57	1.2	- -
Price/Free Cash Flow	- -	15.73	10.44	13.13	- -
Cash Flow to Net Income	- -	0.53	0.73	0.63	0.8
Capital Expenditures	- -	- -	- -	- -	- -