Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. (Nasdaq: REFI) is a commercial mortgage REIT that originates, structures and invests in first-mortgage loans and other structured financings secured by commercial real estate. Its portfolio primarily comprises senior loans to state-licensed cannabis operators, with collateral… From the company’s description.
In fiscal 2025, Chicago Atlantic Real Estate Finance, Inc. reported net income of $36.01M. Operations generated $28.79M in cash.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Chicago Atlantic Real Estate Finance, Inc. does
In the company’s own words
Chicago Atlantic Real Estate Finance, Inc. (Nasdaq: REFI) is a commercial mortgage REIT that originates, structures and invests in first-mortgage loans and other structured financings secured by commercial real estate. Its portfolio primarily comprises senior loans to state-licensed cannabis operators, with collateral that may include real estate, equipment, receivables, licenses and other borrower assets. Borrowers include cultivators, processors, distributors, retailers, vertically integrated cannabis companies and businesses serving the industry; the company may also finance non-cannabis properties and businesses. The company is externally managed by Chicago Atlantic REIT Manager, LLC and has no reportable operating segments. It began operations in 2021 and completed its initial public offering that December. As of December 31, 2025, its loan portfolio had a weighted-average maturity of 2.2 years. Its website is https://www.refi.reit/.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- CHICAGO, IL
- Fiscal year end
- December
- CIK
- 1867949
- SIC
- 6798
Financial performance, year by year
Fiscal 2022–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Chicago Atlantic Real Estate Finance, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Chicago Atlantic Real Estate Finance, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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