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Chicago Atlantic Real Estate ate Finance Inc ( (REFI) ) just unveiled an update.
Chicago Atlantic Real Estate Finance on March 12, 2026 reported its fourth-quarter and full-year 2025 results, highlighting net interest income of $14.2 million for the quarter and $55.4 million for the year, with quarterly net income of $8.2 million and annual diluted net income of $36.0 million. The REIT maintained a steady dividend of $0.47 per share, ended 2025 with $411.1 million of total loan principal across 26 portfolio companies and a 16.3% gross unlevered yield, while keeping more than 90% of its loan book insulated from further interest rate declines and building a $616 million investment pipeline that management said positioned the platform for a potentially pivotal 2026 amid evolving federal regulatory developments.
Management emphasized that new originations produced net portfolio growth in 2025 despite broader sector headwinds in credit quality, lower rates and competition, pointing to modest leverage with a 32.0% debt-to-equity ratio and book value of $14.60 per share at year-end. The combination of strong borrower demand for growth capital and potential regulatory relief that has improved equity valuations and borrower sentiment suggests continued opportunities for Chicago Atlantic, reinforcing its strategy of targeting resilient operators while seeking to preserve yields and protect shareholder value.
The most recent analyst rating on (REFI) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Chicago Atlantic Real Estate ate Finance Inc stock, see the REFI Stock Forecast page.
Spark’s Take on REFI Stock
According to Spark, TipRanks’ AI Analyst, REFI is a Outperform.
The score is driven primarily by solid financial performance and very compelling valuation (low P/E and high dividend yield). This is tempered by weak technical momentum (below major moving averages with negative MACD) and a moderately positive earnings outlook that includes some pressure on net interest income.
To see Spark’s full report on REFI stock, click here.
More about Chicago Atlantic Real Estate ate Finance Inc
Chicago Atlantic Real Estate Finance, Inc., listed on Nasdaq under the ticker REFI, is a commercial mortgage real estate investment trust focused on private credit. The company concentrates on lending to what it describes as strong operators in select U.S. states, emphasizing disciplined underwriting, collateral protection and shareholder returns in niche segments of the financial services and real estate credit markets.
Average Trading Volume: 140,600
Technical Sentiment Signal: Sell
Current Market Cap: $256.1M
For an in-depth examination of REFI stock, go to TipRanks’ Overview page.