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Complete financial analysis of Chicago Atlantic Real Estate Finance, Inc. (REFI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Chicago Atlantic Real Estate Finance, Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Chicago Atlantic Real Estate Finance, Inc. (REFI)
About Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. It originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. The company offers senior loans to state-licensed operators and property owners in the cannabis industry. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2021 and is based in Chicago, Illinois.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 57.33M | 48.86M | 11.08M |
| Cost of Revenue | 8.78M | 3.89B | 905.12K |
| Gross Profit | 48.54M | -3.84B | 10.17M |
| Gross Profit Ratio | 84.68% | -7,856.60% | 91.83% |
| Research & Development | 0.00 | 0.63 | 0.86 |
| General & Administrative | 16.20M | 10.53M | 1.54M |
| Selling & Marketing | 1.48M | 0.00 | 39.48K |
| SG&A | 17.68M | 10.53M | 1.58M |
| Other Expenses | 0.00 | 10.89B | -75.86K |
| Operating Expenses | 17.68M | 16.57B | 1.58M |
| Cost & Expenses | 17.68M | 16.57B | 1.50M |
| Interest Income | 62.90M | 51.47M | 10.75B |
| Interest Expense | 5.75M | 2.61M | 75.86K |
| Depreciation & Amortization | 5.93M | 16.57M | -12.66M |
| EBITDA | 44.46M | 34.91M | 9.57M |
| EBITDA Ratio | 77.56% | 71,445.58% | 86.43% |
| Operating Income | 38.53M | 34.91M | 9.57M |
| Operating Income Ratio | 67.21% | 71.45% | 86.43% |
| Total Other Income/Expenses | 180.39K | -2.61M | -3.17M |
| Income Before Tax | 38.71M | 32.29M | 9.50M |
| Income Before Tax Ratio | 67.52% | 66.10% | 85.75% |
| Income Tax Expense | 0.00 | 34.91M | 9.57M |
| Net Income | 38.71M | 32.29M | 9.50M |
| Net Income Ratio | 67.52% | 66.10% | 85.75% |
| EPS | 2.14 | 1.83 | 0.54 |
| EPS Diluted | 2.11 | 1.82 | 0.54 |
| Weighted Avg Shares Out | 18.09M | 17.65M | 17.45M |
| Weighted Avg Shares Out (Dil) | 18.34M | 17.75M | 17.45M |
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