Chicago Atlantic Real Estate Finance, Inc.

REFI

REFIChicago Atlantic Real Estate Finance, Inc. US flag

NASDAQ Global Market

10.72

USD

-0.04

- -

228.55MMarket Cap

Profitability (USD)

Profitability Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	12.23	14.45	12.76	11.68
Return on Assets (%)	- -	10.39	11.02	9.33	8.37
Return on Capital (%)	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	66.1	67.52	67.62	64.82
Profit Margin (%)	- -	66.1	67.52	67.62	64.82
Net Income to Common Margin (%)	- -	66.1	67.52	67.62	64.82
Effective Tax Rate (%)	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	87.25	101.1	112.38	121.75
Sustainable Growth Rate (%)	- -	1.56	-0.16	-1.58	-2.54

Credit (USD)

Credit Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	116	132	104	98
ST Debt	- -	58	66	55	49
LT Debt	- -	58	66	49	49
Total Debt/EBITDA	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -
Common Equity/Total Assets	94.93	76.92	75.68	71	72.44
Long-Term Debt/Equity (%)	- -	21.97	24.28	15.89	16.03
Long-Term Debt/Capital (%)	- -	15.26	16.34	11.89	12.14
Long-Term Debt/Total Assets (%)	- -	16.9	18.37	11.28	11.61
Total Debt/Equity (%)	- -	43.93	48.56	33.69	31.98
Total Debt/Capital (%)	- -	30.52	32.69	25.2	24.23
Total Debt/Total Assets (%)	- -	33.79	36.75	23.92	23.17
Net Debt to Equity	-30.39	41.77	45.65	25.15	27.12
Net Debt/Capital (%)	-43.65	29.46	31.34	20.09	21.34
EBITDA	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -
Common Equity/Total Assets	94.93	76.92	75.68	71	72.44
Long-Term Debt/Equity (%)	- -	21.97	24.28	15.89	16.03
Long-Term Debt/Capital (%)	- -	15.26	16.34	11.89	12.14
Long-Term Debt/Total Assets (%)	- -	16.9	18.37	11.28	11.61
Total Debt/Equity (%)	- -	43.93	48.56	33.69	31.98
Total Debt/Capital (%)	- -	30.52	32.69	25.2	24.23
Total Debt/Total Assets (%)	- -	33.79	36.75	23.92	23.17
CFO/Total Liabilities	- -	21.46	32.52	18.35	24.59
CFO/CapEx	- -	- -	- -	- -	- -
Altman's Z-Score	12.37	2.15	2.16	1.62	1.4

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	69.69	51.91	44.58	20.34
Days Sales Outstanding	- -	5.24	7.03	8.19	17.95
Inventory Turnover	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	291	268	294	321	258
- Cash & Cash Equivalents	80	6	8	26	15
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
+ Total Debt	- -	116	132	104	98
Enterprise Value	210	378	419	399	342
Total Capital	264	380	404	413	406
Total Debt/Capital (%)	- -	30.52	32.69	25.2	24.23
Total Debt / EV	- -	0.31	0.32	0.26	0.29
EV/Sales	- -	7.74	7.3	7.28	6.15
EV/EBITDA	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	22.23	14.73	17.22	11.88
EV/Free Cash Flow to Firm	- -	22.23	14.73	17.22	11.88
Diluted Market Cap	- -	267	297	304	263
Diluted Enterprise Value	-80	378	421	382	346
EV per Share	12.05	21.28	23	19.15	16.22
TTM Sales	- -	49	57	55	56
TTM EBITDA	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	17	28	23	29
TTM Free Cash Flow to Firm	- -	17	28	23	29

Multiples (USD)

Valuation Multiples API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	15.73	10.44	13.13	9.13
EV/EBIT	- -	- -	- -	- -	- -
Enterprise Value	210	378	419	399	342
Low Price	15.5	13.87	12.91	14.82	11.85
EV/Sales	- -	7.74	7.3	7.28	6.15
EV/EBITDA	- -	- -	- -	- -	- -
Price/Earnings	- -	8.24	7.56	8.03	7.15
Price/Earnings Average	- -	8.96	6.95	8.2	8.21
Price/Earnings High	- -	11.09	8.25	8.72	9.49
Price/Earnings Low	- -	7.58	6.03	7.71	6.91
Price/Book Value	1.1	1.01	1.08	1.04	0.84
Price/Book Value Average	1.07	1.1	1	1.06	0.96
Price/Book Value High	1.12	1.37	1.18	1.13	1.11
Price/Book Value Low	1.02	0.93	0.86	1	0.81
Price/Tangible Book Value	1.1	1.01	1.08	1.04	0.84
Price/Tangible Book Value Average	1.07	1.1	1	1.06	0.96
Price/Tangible Book Value High	1.12	1.37	1.18	1.13	1.11
Price/Tangible Book Value Low	1.02	0.93	0.86	1	0.81
Price/Sales	- -	5.45	5.1	5.43	4.64
Price/Sales Average	- -	5.92	4.69	5.55	5.32
Price/Sales High	- -	7.33	5.57	5.89	6.15
Price/Sales Low	- -	5.01	4.07	5.22	4.48
Price/Cash Flow	- -	15.64	10.3	12.84	8.94
Price/Cash Flow Average	- -	17.01	9.47	13.12	10.27
Price/Cash Flow High	- -	21.06	11.23	13.94	11.87
Price/Cash Flow Low	- -	14.4	8.22	12.34	8.64
Price/Free Cash Flow Average	- -	17.1	9.6	13.42	10.48
Price/Free Cash Flow High	- -	21.17	11.39	14.26	12.11
Price/Free Cash Flow Low	- -	14.47	8.33	12.62	8.82
EV/Sales Average	- -	8.21	6.89	7.41	6.85
EV/Sales High	- -	9.64	7.77	7.79	7.68
EV/Sales Low	- -	7.3	6.26	7.05	6
EV/EBITDA Average	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -
Last Price	16.65	15.07	16.18	15.42	12.26
High Price	17	20.29	17.65	16.75	16.27
Enterprise Value Average	201	401	395	406	380
Enterprise Value High	216	471	445	427	426
Enterprise Value Low	190	357	359	386	333

Profitability (USD)

Profitability Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	12.23	14.45	12.76	11.68
Return on Assets (%)	- -	10.39	11.02	9.33	8.37
Return on Capital (%)	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	66.1	67.52	67.62	64.82
Profit Margin (%)	- -	66.1	67.52	67.62	64.82
Net Income to Common Margin (%)	- -	66.1	67.52	67.62	64.82
Effective Tax Rate (%)	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	87.25	101.1	112.38	121.75
Sustainable Growth Rate (%)	- -	1.56	-0.16	-1.58	-2.54

Credit (USD)

Credit Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	116	132	104	98
ST Debt	- -	58	66	55	49
LT Debt	- -	58	66	49	49
Total Debt/EBITDA	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -
Common Equity/Total Assets	94.93	76.92	75.68	71	72.44
Long-Term Debt/Equity (%)	- -	21.97	24.28	15.89	16.03
Long-Term Debt/Capital (%)	- -	15.26	16.34	11.89	12.14
Long-Term Debt/Total Assets (%)	- -	16.9	18.37	11.28	11.61
Total Debt/Equity (%)	- -	43.93	48.56	33.69	31.98
Total Debt/Capital (%)	- -	30.52	32.69	25.2	24.23
Total Debt/Total Assets (%)	- -	33.79	36.75	23.92	23.17
Net Debt to Equity	-30.39	41.77	45.65	25.15	27.12
Net Debt/Capital (%)	-43.65	29.46	31.34	20.09	21.34
EBITDA	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -
Common Equity/Total Assets	94.93	76.92	75.68	71	72.44
Long-Term Debt/Equity (%)	- -	21.97	24.28	15.89	16.03
Long-Term Debt/Capital (%)	- -	15.26	16.34	11.89	12.14
Long-Term Debt/Total Assets (%)	- -	16.9	18.37	11.28	11.61
Total Debt/Equity (%)	- -	43.93	48.56	33.69	31.98
Total Debt/Capital (%)	- -	30.52	32.69	25.2	24.23
Total Debt/Total Assets (%)	- -	33.79	36.75	23.92	23.17
CFO/Total Liabilities	- -	21.46	32.52	18.35	24.59
CFO/CapEx	- -	- -	- -	- -	- -
Altman's Z-Score	12.37	2.15	2.16	1.62	1.4

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	69.69	51.91	44.58	20.34
Days Sales Outstanding	- -	5.24	7.03	8.19	17.95
Inventory Turnover	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	291	268	294	321	258
- Cash & Cash Equivalents	80	6	8	26	15
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
+ Total Debt	- -	116	132	104	98
Enterprise Value	210	378	419	399	342
Total Capital	264	380	404	413	406
Total Debt/Capital (%)	- -	30.52	32.69	25.2	24.23
Total Debt / EV	- -	0.31	0.32	0.26	0.29
EV/Sales	- -	7.74	7.3	7.28	6.15
EV/EBITDA	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	22.23	14.73	17.22	11.88
EV/Free Cash Flow to Firm	- -	22.23	14.73	17.22	11.88
Diluted Market Cap	- -	267	297	304	263
Diluted Enterprise Value	-80	378	421	382	346
EV per Share	12.05	21.28	23	19.15	16.22
TTM Sales	- -	49	57	55	56
TTM EBITDA	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	17	28	23	29
TTM Free Cash Flow to Firm	- -	17	28	23	29

Multiples (USD)

Valuation Multiples API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	15.73	10.44	13.13	9.13
EV/EBIT	- -	- -	- -	- -	- -
Enterprise Value	210	378	419	399	342
Low Price	15.5	13.87	12.91	14.82	11.85
EV/Sales	- -	7.74	7.3	7.28	6.15
EV/EBITDA	- -	- -	- -	- -	- -
Price/Earnings	- -	8.24	7.56	8.03	7.15
Price/Earnings Average	- -	8.96	6.95	8.2	8.21
Price/Earnings High	- -	11.09	8.25	8.72	9.49
Price/Earnings Low	- -	7.58	6.03	7.71	6.91
Price/Book Value	1.1	1.01	1.08	1.04	0.84
Price/Book Value Average	1.07	1.1	1	1.06	0.96
Price/Book Value High	1.12	1.37	1.18	1.13	1.11
Price/Book Value Low	1.02	0.93	0.86	1	0.81
Price/Tangible Book Value	1.1	1.01	1.08	1.04	0.84
Price/Tangible Book Value Average	1.07	1.1	1	1.06	0.96
Price/Tangible Book Value High	1.12	1.37	1.18	1.13	1.11
Price/Tangible Book Value Low	1.02	0.93	0.86	1	0.81
Price/Sales	- -	5.45	5.1	5.43	4.64
Price/Sales Average	- -	5.92	4.69	5.55	5.32
Price/Sales High	- -	7.33	5.57	5.89	6.15
Price/Sales Low	- -	5.01	4.07	5.22	4.48
Price/Cash Flow	- -	15.64	10.3	12.84	8.94
Price/Cash Flow Average	- -	17.01	9.47	13.12	10.27
Price/Cash Flow High	- -	21.06	11.23	13.94	11.87
Price/Cash Flow Low	- -	14.4	8.22	12.34	8.64
Price/Free Cash Flow Average	- -	17.1	9.6	13.42	10.48
Price/Free Cash Flow High	- -	21.17	11.39	14.26	12.11
Price/Free Cash Flow Low	- -	14.47	8.33	12.62	8.82
EV/Sales Average	- -	8.21	6.89	7.41	6.85
EV/Sales High	- -	9.64	7.77	7.79	7.68
EV/Sales Low	- -	7.3	6.26	7.05	6
EV/EBITDA Average	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -
Last Price	16.65	15.07	16.18	15.42	12.26
High Price	17	20.29	17.65	16.75	16.27
Enterprise Value Average	201	401	395	406	380
Enterprise Value High	216	471	445	427	426
Enterprise Value Low	190	357	359	386	333

Shares Outstanding	17	18	18	21	21
Diluted Weighted Avg Shares	- -	18	18	20	21
Basic Weighted Avg Shares	- -	18	18	19	21
Revenue per Share	- -	2.77	3.17	2.84	2.65
EBITDA per Share	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	1.83	2.14	1.92	1.71
Basic EPS from Cont Ops	- -	1.83	2.14	1.92	1.71
Diluted EPS, GAAP	- -	1.82	2.11	1.88	1.68
Diluted EPS from Cont Ops	- -	1.82	2.11	1.88	1.68
Dividend per Share	- -	1.6	2.16	2.16	2.09
Cash Flow per Share	- -	0.96	1.57	1.2	1.37
Free Cash Flow per Basic Share	- -	0.96	1.57	1.2	1.37
Cash & Equivalents per Share	4.6	0.32	0.43	1.27	0.71
Book Value per Share	15.13	14.86	14.94	14.83	14.6
Tangible Book Value per Share	15.13	14.86	14.94	14.83	14.6

Chicago Atlantic Real Estate Finance, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)