Subscribe

Chicago Atlantic Real Estate Finance, Inc. (REFI)

USD10.77 +0.02 (+0.19%)
US NASDAQ Real Estate REIT - Mortgage
Address 420 North Wabash Avenue 60611
Miami Beach, IL, US
CEO Anthony Robert Cappell
IPO 2021-12-08
CIK 1867949 ISIN US1672391026

Explore sections of this company profile

Description

Chicago Atlantic Real Estate Finance, Inc. functions as a commercial real estate financing enterprise operating throughout the United States. Its primary activities include developing, arranging, and deploying capital into various secured debt instruments, notably first mortgage loans, which are collateralized by commercial properties. A specific area of focus for the company is extending senior-priority loans to both state-approved operators and property owners within the legal cannabis industry. Chicago Atlantic has chosen to be taxed as a Real Estate Investment Trust (REIT), which allows it to avoid federal corporate income tax, conditional on distributing a minimum of 90% of its taxable profits to its investors. The firm was established in 2021 and is headquartered in Chicago, Illinois.

News Sentiment (7d)
80 Positive

Based on only 1 article — low confidence

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
USD10.77 +0.02 (+0.19%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
158.8K
Beta
0.30
Float Shares
17.84M
Free Float %
84.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.73% -6.72% -1.13% -3.48% -11.23% -7.18% -24.18% -20.31% -30.99% -30.99% -30.99%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (6 ratings, all time) Buy
Price Targets & DCF
Current price
10.77
Low 14.00 +30.0%
Consensus 17.00 +57.8%
Median 17.00 +57.8%
High 20.00 +85.7%
DCF (Levered) 130.99 +1,116.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year 1
14.00
+30.0%
All Time 2
17.00
+57.8%
Quality scores
Altman Z-Score
-0.10
Distress
Piotroski F-Score
3 / 9
Average
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
  • Revenue growth
    +15.2% Q1'26: +16.3% (vs Q1'25)
  • EPS growth
    -10.6% Q1'26: -51.1% (vs Q1'25)
  • FCF margin
    Q1'26: +20.9% (vs Q1'25)
  • EBIT margin
    Q1'26: +45.4% (vs Q1'25)
  • ROIC
    Q1'26: +0.0% (vs Q1'25)
  • Share dilution
    +8.7% Q1'26: +1.0% (vs Q1'25)
  • Debt / EBITDA
    2.73× Q1'26: 1,794.56× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 72% × Ke + 28% × Kd (7.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 10.77
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
2 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
14.47M
est: 11.54M (+25.4%)
48.86M
est: 47.83M (+2.2%)
57.33M
est: 55.19M (+3.9%)
54.78M
est: 56.27M (-2.6%)
63.10M
est: 56.46M (+11.8%)
56.97M
52.02M – 61.92M
+0.9% YoY
55.93M
49.94M – 61.92M
-1.8% YoY
61.03M
54.03M – 67.20M
+9.1% YoY
EBITDA
est: 6.30M (-100.0%)
est: 6.42M (-100.0%)
36.01M
est: 6.44M (+458.8%)
6.50M
5.94M – 7.07M
+0.9% YoY
6.38M
5.70M – 7.07M
-1.8% YoY
6.97M
6.17M – 7.67M
+9.1% YoY
EBIT
est: 6.30M (-100.0%)
est: 6.42M (-100.0%)
36.01M
est: 6.44M (+458.8%)
6.50M
5.94M – 7.07M
+0.9% YoY
6.38M
5.70M – 7.07M
-1.8% YoY
6.97M
6.17M – 7.67M
+9.1% YoY
Net Income
12.66M
est: 27.06M (-53.2%)
32.29M
est: 36.36M (-11.2%)
38.71M
est: 37.29M (+3.8%)
37.05M
est: 44.01M (-15.8%)
36.01M
est: 40.48M (-11.0%)
39.33M
38.82M – 39.85M
-2.8% YoY
38.26M
37.37M – 39.16M
-2.7% YoY
39.67M
34.28M – 45.59M
+3.7% YoY
SGA
1.58M
est: 1.33M (+18.7%)
3.96M
est: 5.53M (-28.3%)
6.74M
est: 6.62M (+1.8%)
8.45M
est: 6.75M (+25.2%)
8.67M
est: 6.77M (+28.1%)
6.83M
6.24M – 7.43M
+0.9% YoY
6.71M
5.99M – 7.43M
-1.8% YoY
7.32M
6.48M – 8.06M
+9.1% YoY
EPS
0.54
est: 1.37 (-60.7%)
1.83
est: 2.04 (-10.1%)
2.14
est: 2.02 (+6.2%)
1.92
est: 2.06 (-6.7%)
1.71
est: 1.89 (-9.7%)
1.84
1.81 – 1.86
-2.9% YoY
1.79
1.74 – 1.83
-2.7% YoY
1.88
1.60 – 2.13
+5.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 A 4/5 5/5 2/5 3/5 3/5 4/5 5/5
2026-05-06 S- 5/5 5/5 5/5 5/5 3/5 4/5 4/5
2026-05-05 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-05-04 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-05-01 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-04-30 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-04-29 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-04-28 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-04-27 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-04-24 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-23 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-22 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-21 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-20 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-17 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5
2026-04-16 A+ 4/5 5/5 4/5 5/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
29
Total invested
4.37M
Insider transactions (90d)
8
Beneficial owners (>5%)
2
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 (1) BlackRock, Inc. 1.32M 7.30% 1.30M 1.32M HC Delaware 2024-01-26
2 Ray Thurston 1.25M 7.16% 1.25M 1.25M IN USA 2021-12-15

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
29
-72 vs prev Q
New positions
5
Closed positions
76
Increased
15
Reduced
5
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 BLACKROCK, INC. 1.44M +24.1K (+1.7%) 17.66M -455.0K (-2.5%) 6.84% +0.091 pp 0.00% +0.000 pp USD15.42 -20.5% 6 qtrs
2 VANGUARD GROUP INC 942.4K +1.4K (+0.2%) 11.55M -481.2K (-4.0%) 4.47% -0.009 pp 0.00% +0.000 pp USD15.53 -21.1% 16 qtrs
3 FIELDER CAPITAL GROUP LLC 832.2K +22.7K (+2.8%) 10.20M -150.2K (-1.5%) 3.95% +0.095 pp 2.17% -0.186 pp USD14.86 -17.5% 7 qtrs
4 STATE STREET CORP 528.2K -4.3K (-0.8%) 6.72M -336.5K (-4.8%) 2.51% -0.029 pp 0.00% +0.000 pp USD15.39 -20.3% 16 qtrs
5 CLAYTON PARTNERS LLC 211.0K +73.0K (+52.9%) 2.59M +822.3K (+46.6%) 1.00% +0.344 pp 1.87% +0.530 pp USD12.61 -2.8% 2 qtrs
6 CI PRIVATE WEALTH, LLC 202.8K -19.3K (-8.7%) 2.49M -354.7K (-12.5%) 0.96% -0.095 pp 0.00% -0.001 pp USD15.51 -21.0% 6 qtrs
7 MILLENNIUM MANAGEMENT LLC 159.3K -25.4K (-13.8%) 1.95M -409.4K (-17.3%) 0.76% -0.124 pp 0.00% 0.000 pp USD13.79 -11.1% 12 qtrs
8 NORTHERN TRUST CORP 135.7K -6.3K (-4.4%) 1.66M -152.0K (-8.4%) 0.64% -0.032 pp 0.00% +0.000 pp USD15.66 -21.7% 16 qtrs
9 CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. 130.1K +8.2K (+6.7%) 1.60M +35.5K (+2.3%) 0.62% +0.037 pp 0.00% -0.001 pp USD14.45 -15.2% 11 qtrs
10 SAGE MOUNTAIN ADVISORS LLC 121.4K -42.4K (-25.9%) 1.49M -606.7K (-29.0%) 0.58% -0.204 pp 0.08% -0.041 pp USD14.76 -16.9% 15 qtrs
11 121.3K +121.3K (+100.0%) 1.49M +1.5M (+100.0%) 0.58% +0.576 pp 0.70% +0.696 pp USD12.26 +0.0% 1 qtrs NEW
12 DOLIVER ADVISORS, LP 106.3K +2.6K (+2.5%) 1.30M -23.7K (-1.8%) 0.50% +0.010 pp 0.33% -0.017 pp USD14.18 -13.5% 6 qtrs
13 HIGHTOWER ADVISORS, LLC 97.3K +3.6K (+3.8%) 1.19M -5.9K (-0.5%) 0.46% +0.015 pp 0.00% 0.000 pp USD15.63 -21.6% 16 qtrs
14 PENSERRA CAPITAL MANAGEMENT LLC 92.1K +18.9K (+25.8%) 1.13M +193.0K (+20.6%) 0.44% +0.089 pp 0.01% +0.002 pp USD14.72 -16.7% 8 qtrs
15 ADVISOR GROUP HOLDINGS, INC. 84.5K +862.0 (+1.0%) 1.04M -38.6K (-3.6%) 0.40% +0.003 pp 0.00% +0.000 pp USD13.06 -6.1% 12 qtrs
16 CITADEL ADVISORS LLC 80.5K +80.5K (+100.0%) 986.5K +986.5K (+100.0%) 0.38% +0.382 pp 0.00% +0.000 pp USD12.26 +0.0% 1 qtrs NEW
17 INTREPID CAPITAL MANAGEMENT INC 73.9K -140.9K (-65.6%) 906.3K -1.8M (-67.0%) 0.35% -0.672 pp 0.35% -0.731 pp USD15.29 -19.8% 12 qtrs
18 JANE STREET GROUP, LLC 61.0K +61.0K (+100.0%) 747.3K +747.3K (+100.0%) 0.29% +0.289 pp 0.00% +0.000 pp USD12.26 +0.0% 1 qtrs NEW
19 RENAISSANCE TECHNOLOGIES LLC 55.6K -39.4K (-41.5%) 681.7K -533.4K (-43.9%) 0.26% -0.189 pp 0.00% -0.001 pp USD15.10 -18.8% 13 qtrs
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 54.9K -74.0 (-0.1%) 673.0K -30.0K (-4.3%) 0.26% -0.001 pp 0.00% +0.000 pp USD15.48 -20.8% 16 qtrs
21 PRICE T ROWE ASSOCIATES INC /MD/ 52.2K +11.9K (+29.5%) 640.0K +124.0K (+24.0%) 0.25% +0.056 pp 0.00% +0.000 pp USD13.95 -12.1% 9 qtrs
22 JPMORGAN CHASE & CO 52.1K +4.2K (+8.7%) 638.5K +25.8K (+4.2%) 0.25% +0.019 pp 0.00% +0.000 pp USD13.86 -11.5% 16 qtrs
23 COMMONWEALTH EQUITY SERVICES, LLC 49.9K +897.0 (+1.8%) 611.7K -15.3K (-2.4%) 0.24% +0.004 pp 0.00% +0.000 pp USD15.37 -20.2% 8 qtrs
24 BANK OF NEW YORK MELLON CORP 48.3K +82.0 (+0.2%) 592.0K -24.5K (-4.0%) 0.23% 0.000 pp 0.00% +0.000 pp USD15.44 -20.6% 16 qtrs
25 QUANTINNO CAPITAL MANAGEMENT LP 47.8K +29.6K (+162.8%) 586.1K +353.4K (+151.9%) 0.23% +0.140 pp 0.00% +0.001 pp USD12.72 -3.6% 3 qtrs
26 QUBE RESEARCH & TECHNOLOGIES LTD 47.6K +9.1K (+23.5%) 583.2K +90.7K (+18.4%) 0.23% +0.042 pp 0.00% +0.000 pp USD13.77 -11.0% 4 qtrs
27 MORGAN STANLEY 36.7K -17.0K (-31.7%) 450.5K -237.3K (-34.5%) 0.17% -0.082 pp 0.00% +0.000 pp USD15.52 -21.0% 17 qtrs
28 SENTINUS, LLC 36.5K +36.5K (+100.0%) 447.5K +447.5K (+100.0%) 0.17% +0.173 pp 0.04% +0.043 pp USD12.26 +0.0% 1 qtrs NEW
29 PERRITT CAPITAL MANAGEMENT INC 36.5K +10.0K (+37.7%) 447.5K +108.6K (+32.0%) 0.17% +0.047 pp 0.75% +0.588 pp USD15.14 -19.0% 17 qtrs
30 MAGNUS FINANCIAL GROUP LLC 32.6K -2.2K (-6.3%) 400.0K -45.3K (-10.2%) 0.15% -0.011 pp 0.03% -0.005 pp USD15.36 -20.2% 5 qtrs
31 INVESCO LTD. 30.8K +4.7K (+18.0%) 378.0K +43.8K (+13.1%) 0.15% +0.022 pp 0.00% +0.000 pp USD13.79 -11.1% 4 qtrs
32 BARCLAYS PLC 28.5K +6.3K (+28.6%) 349.2K +5.8K (+1.7%) 0.14% +0.030 pp 0.00% +0.000 pp USD14.36 -14.6% 16 qtrs
33 QUADRATURE CAPITAL LTD 28.4K -2.2K (-7.2%) 348.1K -43.5K (-11.1%) 0.13% -0.011 pp 0.00% -0.001 pp USD12.79 -4.1% 2 qtrs
34 ADVISORSHARES INVESTMENTS LLC 25.5K -700.0 (-2.7%) 313.0K -22.5K (-6.7%) 0.12% -0.004 pp 0.05% -0.003 pp USD13.95 -12.1% 12 qtrs
35 AQR CAPITAL MANAGEMENT LLC 25.1K -13.6K (-35.1%) 307.4K -186.6K (-37.8%) 0.12% -0.065 pp 0.00% 0.000 pp USD13.38 -8.4% 3 qtrs
36 BREVAN HOWARD CAPITAL MANAGEMENT LP 24.3K +24.3K (+100.0%) 297.3K +297.3K (+100.0%) 0.12% +0.115 pp 0.00% +0.003 pp USD12.26 +0.0% 1 qtrs NEW
37 UNITED ADVISOR GROUP, LLC 24.0K -600.0 (-2.4%) 293.6K -20.4K (-6.5%) 0.11% -0.003 pp 0.04% -0.006 pp USD12.79 -4.1% 2 qtrs
38 RHUMBLINE ADVISERS 23.4K -1.3K (-5.2%) 286.9K -28.9K (-9.2%) 0.11% -0.007 pp 0.00% +0.000 pp USD15.01 -18.3% 11 qtrs
39 NUVEEN, LLC 22.7K +— (+0.0%) 278.0K -12.0K (-4.1%) 0.11% 0.000 pp 0.00% +0.000 pp USD14.70 -16.6% 4 qtrs
40 MANUFACTURERS LIFE INSURANCE COMPANY, THE 22.2K -442.0 (-2.0%) 271.8K -17.4K (-6.0%) 0.11% -0.003 pp 0.00% +0.000 pp USD15.10 -18.8% 15 qtrs
41 GEODE CAPITAL MANAGEMENT, LLC 21.6K +787.0 (+3.8%) 265.5K -1.4K (-0.5%) 0.10% +0.003 pp 0.00% +0.000 pp USD14.56 -15.8% 7 qtrs
42 ALLIANCEBERNSTEIN L.P. 21.4K +— (+0.0%) 262.5K -11.3K (-4.1%) 0.10% 0.000 pp 0.00% +0.000 pp USD14.56 -15.8% 7 qtrs
43 WELLS FARGO & COMPANY/MN 20.4K +6.4K (+46.2%) 249.5K +71.5K (+40.2%) 0.10% +0.030 pp 0.00% +0.000 pp USD13.91 -11.9% 12 qtrs
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 20.0K +20.0K (+100.0%) 244.7K +244.7K (+100.0%) 0.09% +0.095 pp 0.00% +0.000 pp USD12.26 +0.0% 5 qtrs
45 EVERETT HARRIS & CO /CA/ 18.5K +— (+0.0%) 226.8K -9.8K (-4.1%) 0.09% 0.000 pp 0.00% 0.000 pp USD17.26 -29.0% 16 qtrs
46 CARTESIAN GROWTH CORP 16.7K +611.0 (+3.8%) 213.0K -770.0 (-0.4%) 0.08% +0.003 pp 0.00% 0.000 pp USD15.74 -22.1% 9 qtrs
47 HRT FINANCIAL LP 16.5K +16.5K (+100.0%) 202.0K +202.0K (+100.0%) 0.08% +0.079 pp 0.00% +0.001 pp USD12.26 +0.0% 1 qtrs NEW
48 FMR LLC 15.8K +9.5K (+151.2%) 193.2K +113.0K (+140.8%) 0.07% +0.045 pp 0.00% +0.000 pp USD12.77 -4.0% 9 qtrs
49 MERCER GLOBAL ADVISORS INC /ADV 14.9K +14.9K (+100.0%) 182.6K +182.6K (+100.0%) 0.07% +0.071 pp 0.00% +0.000 pp USD12.26 +0.0% 1 qtrs NEW
50 BANK OF AMERICA CORP /DE/ 13.5K +6.7K (+97.4%) 165.4K +78.0K (+89.2%) 0.06% +0.032 pp 0.00% +0.000 pp USD13.83 -11.4% 16 qtrs
51 DEUTSCHE BANK AG\ 13.0K +3.4K (+35.5%) 158.8K +36.6K (+29.9%) 0.06% +0.016 pp 0.00% +0.000 pp USD14.12 -13.2% 16 qtrs
52 VIRTUS INVESTMENT ADVISERS, INC. 12.6K +12.6K (+100.0%) 154.3K +154.3K (+100.0%) 0.06% +0.060 pp 0.04% +0.042 pp USD12.26 +0.0% 1 qtrs NEW
53 CITIGROUP INC 11.0K -1.3K (-10.8%) 134.8K -22.8K (-14.5%) 0.05% -0.007 pp 0.00% +0.000 pp USD15.44 -20.6% 16 qtrs
54 TWO SIGMA INVESTMENTS, LP 10.6K -5.5K (-34.0%) 130.3K -75.5K (-36.7%) 0.05% -0.026 pp 0.00% 0.000 pp USD14.93 -17.9% 17 qtrs
55 VIVALDI CAPITAL MANAGEMENT LP 10.1K +10.1K (+100.0%) 123.8K +123.8K (+100.0%) 0.05% +0.048 pp 0.02% +0.017 pp USD12.26 +0.0% 1 qtrs NEW
56 METLIFE INVESTMENT MANAGEMENT, LLC 10.0K +— (+0.0%) 122.1K -5.3K (-4.1%) 0.05% 0.000 pp 0.00% +0.000 pp USD15.14 -19.0% 11 qtrs
57 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 8.4K +298.0 (+3.7%) 103.4K -658.0 (-0.6%) 0.04% +0.001 pp 0.00% +0.000 pp USD14.99 -18.2% 7 qtrs
58 NEW YORK STATE COMMON RETIREMENT FUND 6.0K +— (+0.0%) 74.0K -3.2K (-4.1%) 0.03% 0.000 pp 0.00% +0.000 pp USD17.66 -30.6% 16 qtrs
59 UBS GROUP AG 5.4K -14.4K (-72.7%) 66.2K -186.8K (-73.8%) 0.03% -0.069 pp 0.00% +0.000 pp USD14.68 -16.5% 13 qtrs
60 POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY 4.3K +— (+0.0%) 53.3K -2.3K (-4.1%) 0.02% 0.000 pp 0.00% +0.000 pp USD15.42 -20.5% 5 qtrs
61 BNP PARIBAS ARBITRAGE, SNC 4.1K -720.0 (-14.9%) 50.6K -11.4K (-18.4%) 0.02% -0.004 pp 0.00% +0.000 pp USD14.85 -17.4% 5 qtrs
62 STRS OHIO 3.2K +— (+0.0%) 39.2K -1.7K (-4.1%) 0.02% 0.000 pp 0.00% +0.000 pp USD16.21 -24.4% 16 qtrs
63 NISA INVESTMENT ADVISORS, LLC 2.5K -786.0 (-23.7%) 32.5K -13.3K (-29.0%) 0.01% -0.004 pp 0.00% 0.000 pp USD14.87 -17.6% 16 qtrs
64 GENEOS WEALTH MANAGEMENT INC. 2.3K +— (+0.0%) 28.6K -1.2K (-4.1%) 0.01% +0.000 pp 0.00% 0.000 pp USD15.68 -21.8% 9 qtrs
65 RUSSELL INVESTMENTS GROUP, LTD. 2.2K -4.3K (-65.9%) 27.3K -56.4K (-67.3%) 0.01% -0.021 pp 0.00% 0.000 pp USD13.85 -11.5% 12 qtrs
66 QUEST PARTNERS LLC 2.2K +1.9K (+637.9%) 27.2K +23.4K (+607.2%) 0.01% +0.009 pp 0.00% +0.001 pp USD12.59 -2.6% 4 qtrs
67 TOWER RESEARCH CAPITAL LLC (TRC) 2.0K +638.0 (+45.6%) 25.0K +7.1K (+39.6%) 0.01% +0.003 pp 0.00% +0.000 pp USD13.69 -10.4% 16 qtrs
68 LEGAL & GENERAL GROUP PLC 1.6K +— (+0.0%) 20.1K -868.0 (-4.1%) 0.01% +0.000 pp 0.00% +0.000 pp USD15.70 -21.9% 16 qtrs
69 PNC FINANCIAL SERVICES GROUP, INC. 1.6K +1.2K (+290.1%) 19.4K +14.2K (+274.0%) 0.01% +0.006 pp 0.00% +0.000 pp USD12.40 -1.1% 2 qtrs
70 MAI CAPITAL MANAGEMENT 1.5K +16.0 (+1.1%) 18.6K -598.0 (-3.1%) 0.01% +0.000 pp 0.00% +0.000 pp USD15.39 -20.3% 5 qtrs
71 AMERITAS INVESTMENT PARTNERS, INC. 1.4K +— (+0.0%) 16.6K -716.0 (-4.1%) 0.01% +0.000 pp 0.00% +0.000 pp USD16.01 -23.4% 16 qtrs
72 CWM, LLC 1.2K -995.0 (-46.1%) 14.0K -14.0K (-50.0%) 0.01% -0.005 pp 0.00% +0.000 pp USD13.58 -9.7% 8 qtrs
73 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 1.1K +35.0 (+3.2%) 13.7K -144.0 (-1.0%) 0.01% +0.000 pp 0.00% +0.000 pp USD12.77 -4.0% 16 qtrs
74 STERLING CAPITAL MANAGEMENT LLC 1.0K -206.0 (-16.5%) 12.8K -3.2K (-19.9%) 0.01% -0.001 pp 0.00% +0.000 pp USD13.58 -9.7% 6 qtrs
75 SUNBELT SECURITIES, INC. 879.00 +— (+0.0%) 10.8K -465.0 (-4.1%) 0.00% +0.000 pp 0.00% 0.000 pp USD12.79 -4.1% 2 qtrs
76 AMALGAMATED BANK 570.00 +11.0 (+2.0%) 7.0K +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD16.37 -25.1% 16 qtrs
77 WESTSIDE INVESTMENT MANAGEMENT, INC. 500.00 +— (+0.0%) 6.1K -265.0 (-4.1%) 0.00% +0.000 pp 0.00% +0.000 pp USD15.56 -21.2% 8 qtrs
78 ROYAL BANK OF CANADA 516.00 -2.6K (-83.4%) 6.0K -33.0K (-84.6%) 0.00% -0.012 pp 0.00% +0.000 pp USD15.18 -19.2% 16 qtrs
79 VERSANT CAPITAL MANAGEMENT, INC 473.00 +344.0 (+266.7%) 5.8K +4.1K (+251.5%) 0.00% +0.002 pp 0.00% +0.001 pp USD12.40 -1.1% 2 qtrs
80 ATLANTIC UNION BANKSHARES CORP 352.00 +— (+0.0%) 4.3K -186.0 (-4.1%) 0.00% +0.000 pp 0.00% +0.000 pp USD12.79 -4.1% 2 qtrs
81 NORTH STAR INVESTMENT MANAGEMENT CORP. 342.00 +342.0 (+100.0%) 4.2K +4.2K (+100.0%) 0.00% +0.002 pp 0.00% +0.000 pp USD12.26 +0.0% 1 qtrs NEW
82 WEALTHCOLLAB, LLC 294.00 +294.0 (+100.0%) 3.6K +3.6K (+100.0%) 0.00% +0.001 pp 0.00% +0.002 pp USD12.26 +0.0% 1 qtrs NEW
83 TRIUMPH CAPITAL MANAGEMENT 250.00 -500.0 (-66.7%) 3.1K -6.5K (-68.0%) 0.00% -0.002 pp 0.00% -0.002 pp USD12.79 -4.1% 2 qtrs
84 HARBOR CAPITAL ADVISORS, INC. 211.00 -4.0 (-1.9%) 3.0K +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD15.01 -18.3% 6 qtrs
85 PHYSICIAN WEALTH ADVISORS, INC. 185.00 +185.0 (+100.0%) 2.3K +2.3K (+100.0%) 0.00% +0.001 pp 0.00% +0.000 pp USD12.26 +0.0% 1 qtrs NEW
86 IFP ADVISORS, INC 180.00 -47.0 (-20.7%) 2.2K -696.0 (-24.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD13.96 -12.2% 3 qtrs
87 GAMMA INVESTING LLC 160.00 +23.0 (+16.8%) 2.0K +210.0 (+12.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD14.59 -16.0% 9 qtrs
88 LARSON FINANCIAL GROUP LLC 112.00 -115.0 (-50.7%) 1.4K -1.5K (-52.7%) 0.00% -0.001 pp 0.00% 0.000 pp USD14.71 -16.7% 10 qtrs
89 GROUP ONE TRADING, L.P. 100.00 +100.0 (+100.0%) 1.2K +1.2K (+100.0%) 0.00% +0.001 pp 0.00% +0.000 pp USD12.26 +0.0% 1 qtrs NEW
90 COVESTOR LTD 111.00 +8.0 (+7.8%) 1.0K +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD14.34 -14.5% 8 qtrs
91 EVERSOURCE WEALTH ADVISORS, LLC 40.00 -4.5K (-99.1%) 491.00 -57.5K (-99.2%) 0.00% -0.021 pp 0.00% -0.002 pp USD13.98 -12.3% 5 qtrs
92 ALLWORTH FINANCIAL LP 34.00 +16.0 (+88.9%) 417.00 +186.0 (+80.5%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.15 -6.8% 3 qtrs
93 ROTHSCHILD INVESTMENT LLC 10.00 +8.0 (+400.0%) 123.00 +97.0 (+373.1%) 0.00% +0.000 pp 0.00% +0.000 pp USD12.30 -0.3% 2 qtrs
94 FARTHER FINANCE ADVISORS, LLC 4.00 +4.0 (+100.0%) 49.00 +49.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD12.25 +0.1% 7 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 47 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Hoya Capital High Dividend Yield ETF RIET 1.12% 1.21M 0.50%
2 Virtus Real Asset Income ETF VRAI 1.07% 192.9K 0.55%
3 Amplify Seymour Cannabis ETF CNBS 0.48% 360.8K 1.09%
4 iShares Mortgage Real Estate ETF REM 0.42% 2.36M 0.48%
5 Hartford Multifactor Small Cap ETF ROSC 0.14% 86.1K 0.34%
6 iShares Micro-Cap ETF IWC 0.05% 684.7K 0.60%
7 Harbor AlphaEdge Small Cap Earners ETF (EBIT) EBIT 0.03% 3.6K 0.29%
8 Invesco Russell 2000 Dynamic Multifactor ETF OMFS 0.02% 59.9K 0.39%
9 Sequoia Global Value ETF SFGV 0.02% 212.8K 0.38%
10 iShares Russell 2000 Value ETF IWN 0.02% 2.15M 0.24%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
9
Sells
0
Shares acquired
53.7K
Shares disposed
Cash buys
9.00
Cash sales
Net activity
+53,650
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-20 Stavola Elizabeth Mary Director A-Award A Common Stock 6,324 0.00 6,324 D
2026-04-20 Silverman Phillip Officer A-Award A Common Stock 32,462 0.00 71,516 D
2026-04-20 Sack Peter Director / Officer A-Award A Common Stock 37,099 0.00 118,356 D
2026-04-20 Papastavrou Jason D Director A-Award A Common Stock 6,324 0.00 55,870 D
2026-04-20 Mazarakis John Director / Officer A-Award A Common Stock 37,099 0.00 453,706 D
2026-04-20 Konigsberg Brandon Director A-Award A Common Stock 6,324 0.00 33,870 D
2026-04-20 Kite David Officer A-Award A Common Stock 37,099 0.00 96,615 D
2026-04-20 Cappell Anthony Director / Officer A-Award A Common Stock 37,099 0.00 421,706 D
2025-10-16 Mazarakis John Director / Officer P-Purchase A Common Stock 8,000 12.75 102.0K 416,607 D
2025-10-15 Papastavrou Jason D Director P-Purchase A Common Stock 3,000 12.68 38.0K 3,000 I
2025-10-15 Kite David Officer P-Purchase A Common Stock 2,500 12.70 31.8K 59,516 D
2025-10-14 Sack Peter Director / Officer P-Purchase A Common Stock 8,150 12.43 101.3K 81,257 D
2025-10-14 Konigsberg Brandon Director P-Purchase A Common Stock 7,000 12.33 86.3K 27,546 D
2025-10-14 Kite David Officer P-Purchase A Common Stock 2,500 12.31 30.8K 57,016 D
2025-10-01 Mazarakis John Director / Officer P-Purchase A Common Stock 7,500 12.43 93.2K 408,607 D
2025-06-13 Stavola Elizabeth Mary Director Common Stock 0 0.00 0 D
2025-04-09 Silverman Phillip Officer P-Purchase A Common Stock 769 13.00 10.0K 39,054 D
2025-04-01 Steiner Michael L. Director A-Award A Common Stock 5,071 0.00 274,109 D
2025-04-01 Silverman Phillip Officer A-Award A Common Stock 8,993 0.00 38,285 D
2025-04-01 Sack Peter Director / Officer A-Award A Common Stock 28,398 0.00 73,107 D
2025-04-01 Papastavrou Jason D Director A-Award A Common Stock 5,071 0.00 39,546 D
2025-04-01 Mazarakis John Director / Officer A-Award A Common Stock 28,398 0.00 401,107 D
2025-04-01 Konigsberg Brandon Director A-Award A Common Stock 5,071 0.00 20,546 D
2025-04-01 Kite David Officer A-Award A Common Stock 28,398 0.00 54,516 D
2025-04-01 Cappell Anthony Director / Officer A-Award A Common Stock 28,398 0.00 384,607 D
2025-04-01 Bodmeier Andreas Officer A-Award A Common Stock 28,398 0.00 391,534 D
2025-03-06 Kite David Officer Common Stock 0 0.00 26,118 D
2024-11-08 Mazarakis John Director / Officer P-Purchase A Common Stock 2,779 15.82 44.0K 372,709 D
2024-11-07 Mazarakis John Director / Officer S-Sale D Common Stock 2,779 15.86 44.1K 369,930 D
2024-04-01 Steiner Michael L. Director A-Award A Common Stock 4,811 15.59 75.0K 232,009
2024-04-01 Silverman Phillip Officer A-Award A Common Stock 5,717 0.00 29,292
2024-04-01 Sack Peter Director / Officer A-Award A Common Stock 11,388 15.59 177.5K 44,709
2024-04-01 Papastavrou Jason D Director A-Award A Common Stock 4,811 15.59 75.0K 34,475
2024-04-01 Mazarakis John Director / Officer A-Award A Common Stock 43,655 15.59 680.6K 372,709
2024-04-01 Konigsberg Brandon Director A-Award A Common Stock 4,811 15.59 75.0K 15,475
2024-04-01 HERBST FREDERICK C Director A-Award A Common Stock 4,811 15.59 75.0K 19,475
2024-04-01 Gulbrandsen Donald E. Director / Officer A-Award A Common Stock 4,811 15.59 75.0K 851,445
2024-04-01 Cappell Anthony Director / Officer A-Award A Common Stock 43,655 15.59 680.6K 356,209
2024-04-01 Bodmeier Andreas Director / Officer A-Award A Common Stock 43,655 15.59 680.6K 363,136
2023-06-01 Silverman Phillip Officer A-Award A Common Stock 11,500 14.75 169.6K 23,575
2023-06-01 Sack Peter Director / Officer A-Award A Common Stock 27,500 14.75 405.6K 33,321
2023-06-01 Mazarakis John Director / Officer A-Award A Common Stock 85,100 14.75 1.26M 365,578
2023-06-01 Cappell Anthony Director / Officer A-Award A Common Stock 85,100 14.75 1.26M 312,554
2023-06-01 Bodmeier Andreas Director / Officer A-Award A Common Stock 85,100 14.75 1.26M 319,481
2023-03-14 Mazarakis John Director / Officer P-Purchase A Common Stock 10,000 13.19 131.9K 243,954
2022-12-31 Steiner Michael L. Director A-Award A Common Stock 4,976 0.00 200,595
2022-12-31 Papastavrou Jason D Director A-Award A Common Stock 4,976 0.00 29,644
2022-12-31 Konigsberg Brandon Director A-Award A Common Stock 4,976 0.00 10,664
2022-12-31 HERBST FREDERICK C Director A-Award A Common Stock 4,976 0.00 14,664
2022-12-31 Gulbrandsen Donald E. Director A-Award A Common Stock 4,976 0.00 846,634
2022-12-12 Sack Peter Officer P-Purchase A Common Stock 2,396 15.86 38.0K 5,821
2022-12-12 Mazarakis John Officer P-Purchase A Common Stock 9,184 15.86 145.7K 233,954
2022-12-12 Cappell Anthony Officer P-Purchase A Common Stock 9,184 15.86 145.7K 227,454
2022-12-12 Bodmeier Andreas Officer P-Purchase A Common Stock 9,184 15.86 145.7K 234,381
2022-09-30 Silverman Phillip Officer D Common Stock 0 0.00 12,075
2022-06-03 Mazarakis John Director / Officer 0 0.00 0
2022-06-03 Chicago Atlantic Fund QP, LLC Director J-Other D Common Stock 6,611,997 0.00 0
2022-06-03 Chicago Atlantic CRE Holdings, LLC Director J-Other D Common Stock 4,125,298 0.00 0
2022-06-03 Cappell Anthony Officer J-Other A Common Stock 61,520 0.00 217,770
2022-06-03 Bodmeier Andreas Officer J-Other A Common Stock 61,520 0.00 225,197
2022-05-23 Mazarakis John Officer P-Purchase A Common Stock 7,000 15.50 108.5K 163,250
2022-05-17 Kite David Officer P-Purchase A Common Stock 300 15.06 4.5K 17,283
2022-04-25 Papastavrou Jason D Director P-Purchase A Common Stock 3,000 17.91 53.7K 15,012
2022-04-22 Papastavrou Jason D Director P-Purchase A Common Stock 2,324 17.94 41.7K 12,012
2021-12-10 Steiner Michael L. Director A-Award A Common Stock 4,688 0.00 9,688
2021-12-10 Sack Peter Director / Officer A-Award A Common Stock 3,125 0.00 3,425
2021-12-10 Papastavrou Jason D Director A-Award A Common Stock 4,688 0.00 9,688
2021-12-10 Menze Lindsay Officer A-Award A Common Stock 9,375 0.00 9,675
2021-12-10 Konigsberg Brandon Director A-Award A Common Stock 4,688 0.00 5,688
2021-12-10 Kite David Officer A-Award A Common Stock 3,125 0.00 3,125
2021-12-10 HERBST FREDERICK C Director A-Award A Common Stock 4,688 0.00 9,688
2021-12-10 Gulbrandsen Donald E. Director A-Award A Common Stock 4,688 0.00 4,688
2021-12-08 Steiner Michael L. Director P-Purchase A Common Stock 5,000 16.00 80.0K 5,000
2021-12-08 Sack Peter Director / Officer P-Purchase A Common Stock 300 16.00 4.8K 300
2021-12-08 Papastavrou Jason D Director P-Purchase A Common Stock 5,000 16.00 80.0K 5,000
2021-12-08 Menze Lindsay Officer P-Purchase A Common Stock 300 16.00 4.8K 300
2021-12-08 Mazarakis John Director / Officer P-Purchase A Common Stock 5,000 16.00 80.0K 5,000
2021-12-08 Konigsberg Brandon Director P-Purchase A Common Stock 1,000 16.00 16.0K 1,000
2021-12-08 HERBST FREDERICK C Director P-Purchase A Common Stock 5,000 16.00 80.0K 5,000
2021-12-08 Cappell Anthony Director / Officer P-Purchase A Common Stock 500 16.25 8.1K 218,270
2021-12-08 Bodmeier Andreas Director / Officer P-Purchase A Common Stock 1,000 16.00 16.0K 163,677
2021-12-07 Steiner Michael L. Director I Common Stock 0 0.00 66,204
2021-12-07 Sack Peter Director / Officer D Common Stock 0 0.00 0
2021-12-07 Papastavrou Jason D Director D Common Stock 0 0.00 0
2021-12-07 Menze Lindsay Officer D Common Stock 0 0.00 0
2021-12-07 Mazarakis John Director / Officer I Common Stock 0 0.00 19,616
2021-12-07 Konigsberg Brandon Director D Common Stock 0 0.00 0
2021-12-07 Kite David Officer I Common Stock 0 0.00 12,996
2021-12-07 HERBST FREDERICK C Director D Common Stock 0 0.00 0
2021-12-07 Gulbrandsen Donald E. Director I Common Stock 0 0.00 510,187
2021-12-07 Chicago Atlantic Fund QP, LLC 10% Owner D Common Stock 0 0.00 5,693,247
2021-12-07 Chicago Atlantic CRE Holdings, LLC 10% Owner P-Purchase A Common Stock 175,000 16.00 2.80M 4,125,298
2021-12-07 Cappell Anthony Director / Officer I Common Stock 0 0.00 6,622
2021-12-07 Bodmeier Andreas Director / Officer I Common Stock 0 0.00 6,745

Executive team

Top executives
Shares Outstanding
21.08M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-23 DEF 14A
2025-04-28 DEF 14A
2024-04-26 DEF 14A
2023-04-28 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-07 8-K
2026-05-07 10-Q
2026-04-23 DEF 14A
2026-04-23 ARS
2026-04-22 4
2026-04-22 4
2026-04-22 4
2026-04-22 4
2026-04-22 4
2026-04-22 4

Executive team

NameTitleCompensationGender
Andreas A. Bodmeier President & Chief Investment Officer of Chicago Atlantic REIT Manager, LLC
Anthony Cappell Co-CEO & Director of Chicago Atlantic REIT Manager, LLC male
Brett Clayton Controller female
David Kite Chief Operating Officer of Chicago Atlantic REIT Manager, LLC & President male
John Michael Mazarakis Executive Chairman of the Board of Chicago Atlantic REIT Manager, LLC male
Peter S. Sack Co-CEO & Director of Chicago Atlantic REIT Manager, LLC male
Phillip Silverman CFO, Treasurer and Secretary of Chicago Atlantic REIT Manager, LLC male
ESG Rating
B
REIT - MORTGAGE
2026
E (Environmental)
55.7 / 72.2
Company / Sector avg.
S (Social)
70.8 / 79.0
Company / Sector avg.
G (Governance)
74.5 / 75.2
Company / Sector avg.
ESG Total
67.0 / 75.4
Company / Sector avg.
ESG Score History REIT - MORTGAGE
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits