Chicago Atlantic Real Estate Finance share price today

Chicago Atlantic Real Estate Finance, Inc.'s share price was $9.12 at the close on 4 November 2026. That is 17.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $9 and $13, and at that close it sat 6% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 57 weeks running.

Over the last 1 year the share price moved −34% while the S&P 500 moved +23%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Chicago Atlantic Real Estate Finance, Inc. paid $1.88 per share over the last four reported quarters. The most recent declaration was $0.47 for Jun 2026. At today's price of $9.12 that is a yield of 20.61%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Chicago Atlantic Real Estate Finance is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Chicago Atlantic Real Estate Finance, Inc. earned $7.5 M of net profit in the Jun 2026 quarter, −15.8% on the same quarter a year earlier. Full-year FY25 profit was $36.0 M. Over 4 years profit has grown 29.9% a year on average. That is 60.8% of the quarter's revenue. The same quarter a year earlier earned $8.9 M.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was $36.0 M (−2.8% on the year before).

Why profit moved: revenue changed −7.5% on a year earlier and the margin moved −2.9 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −21.2% and revenue −13.5%. Profit is growing slower than sales: rising costs are taking part of the growth.

Chicago Atlantic Real Estate Finance, Inc. reported $12.3 M of revenue in the Jun 2026 quarter, −7.5% on the same quarter a year earlier. Over 4 years it has grown 39.4% a year on average. The last full year, FY25, came in at $54.7 M. The last four reported quarters add to $48.8 M.

Revenue is everything the company billed its customers in the period.

FY25 revenue was $54.7 M, −1.6% on the year before.

Recent pace: the last four quarters grew −13.5% on average, against 39.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −13.7%, against −5.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −22.7%, against −11.2% a year (rolling over).

Chicago Atlantic Real Estate Finance, Inc.'s operating margin was 62.7% in the Jun 2026 quarter, 2.9 percentage points lower than the same quarter a year ago. Across 5 years it has been between 65.6% and 87.5%. The latest quarter is below every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Over the last 3 years, 72% of Chicago Atlantic Real Estate Finance, Inc.'s reported profit came in as cash from its operations, so most of the profit is real cash. In FY25 it brought in $28.8 M of operating cash against $36.0 M of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Chicago Atlantic Real Estate Finance, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Chicago Atlantic Real Estate Finance, Inc.'s P/E is 6.7×, near the low end of its own history: it has been lower only 3% of the time. Its usual P/E (the middle reading) is 7.5×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −10.6% while the price moved −28.1%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Chicago Atlantic Real Estate Finance, Inc.'s business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −13.7% in the latest quarter, against +27.4% at its best in 12 quarters, with ROCE falling at 6.7%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Chicago Atlantic Real Estate Finance, Inc. earned a ROE of 12% in FY25. That is up from a low of 5% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 65.9% net margin and 0.13× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 65.9% net margin × 0.13× asset turnover × 1.38× leverage (assets divided by equity) ≈ 11.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

Chicago Atlantic Real Estate Finance, Inc. has total debt of $141 M against shareholder equity of $302 M as of Jun 2026, so its debt is 0.47× its equity. Year by year, that ratio went from 0.22 in FY22 to 0.32 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

7.4% of Chicago Atlantic Real Estate Finance, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 6.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

For Chicago Atlantic Real Estate Finance, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

50.9 out of 100, rank 8 of 25 in REIT - Mortgage, with 76% of the evidence available.

Chicago Atlantic Real Estate Finance, Inc. scores 50.9 out of 100 against the 25 companies it is compared with in REIT - Mortgage, ranking 8. Relative strength against the index is -25.3%, and revenue and profit growth are weak.

The four parts add up to the total exactly: 10.5 + 17.6 + 8.4 + 14.4 = 50.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Chicago Atlantic Real Estate Finance ranks 8 of 25 REIT - Mortgage companies on the 4-Factor Sector Score, with 50.9 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: REIT - Mortgage, all 25 compared on one page.

Chicago Atlantic Real Estate Finance is the 26th largest of 29 REIT - Mortgage companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: KKR Real Estate Finance Trust Inc., Apollo Commercial Real Estate Finance, Inc. and Claros Mortgage Trust, Inc. Just below it: Ares Commercial Real Estate Corporation, Ready Capital Corporation and TPG Mortgage Investment Trust, Inc.

REIT - Mortgage companies close in size

23. KKR Real Estate Finance Trust Inc. $331 million
24. Apollo Commercial Real Estate Finance, Inc. $322 million
25. Claros Mortgage Trust, Inc. $261 million
26. Chicago Atlantic Real Estate Finance, Inc. $234 million
27. Ares Commercial Real Estate Corporation $194 million
28. Ready Capital Corporation $189 million
29. TPG Mortgage Investment Trust, Inc. $176 million

All 29 REIT - Mortgage companies, largest first

Companies close in size in other industries

3321. Amtech Systems, Inc. $224 million · Semiconductor Equipment & Materials
3322. SIGA Technologies, Inc. $223 million · Drug Manufacturers - Specialty & Generic
3323. Chicago Atlantic Real Estate Finance, Inc. $222 million
3324. Utah Medical Products, Inc. $222 million · Medical Instruments & Supplies
3325. Biodesix, Inc. $222 million · Diagnostics & Research

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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