Chicago Atlantic Real Estate Finance (REFI)

• Market cap: $297M
• 1 day: -0.55%
• 5 days: 1.97%
• 1 month: -1.56%
• 3 months: -5.11%
• 6 months: -5.42%
• Year to date: -6.95%
• 1 year: -8.07%
• 5 years: -12.25%
• 10 years: -12.25%
• Sector: Real Estate
• Industry: Mortgage REIT

About: Chicago Atlantic Real Estate Finance Inc is engaged in a commercial real estate finance company. Its primary investment objective is to provide attractive risk-adjusted returns for stockholders over time, through consistent current income dividends and other distributions and secondarily through capital appreciation.

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1,241% more call options, than puts

Call options by funds: $362K | Put options by funds: $27K

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

74% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 23

43% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 14

15% more capital invested

Capital invested by funds: $96.8M [Q3] → $111M (+$14.7M) [Q4]

4.96% more ownership

Funds ownership: 31.75% [Q3] → 36.71% (+4.96%) [Q4]

4% more funds holding

Funds holding: 97 [Q3] → 101 (+4) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $20 38% upside
• Avg. target: $20 38% upside
• High target: $20 38% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Citizens Capital Markets Aaron Hecht 39% 1-year accuracy 20 / 51 met price target

38% upside $20

Market Outperform Reiterated

17 Mar 2025