Chicago Atlantic Real Estate Finance, Inc. operates as a real estate finance company in the United States. The company originates, structures, and invests in first mortgage loans and alternative structured financings secured by commercial real estate properties. It offers senior loans to state-licensed operators and property owners in the cannabis industry. The company 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. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is based in Chicago, Illinois.
IPO Year: 2021
Exchange: NASDAQ
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | $20.00 | Buy | Alliance Global Partners |
| 9/5/2023 | $16.00 | Buy → Neutral | Compass Point |
| 9/1/2023 | $16.00 | Neutral | Piper Sandler |
| 1/3/2022 | $23.00 | Buy | Lake Street |
| 1/3/2022 | $26.00 | Mkt Outperform | JMP Securities |
| 1/3/2022 | $17.00 | Outperform | Oppenheimer |
| 1/3/2022 | $22.00 | Buy | Compass Point |
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
8-K - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
8-K - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
10-Q - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
8-K - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
8-K - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
8-K - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
10-Q - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
8-K - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
8-K - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
10-Q - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Filer)
Alliance Global Partners initiated coverage of Chicago Atlantic Real Estate Finance with a rating of Buy and set a new price target of $20.00
Compass Point downgraded Chicago Atlantic Real Estate Finance from Buy to Neutral and set a new price target of $16.00
Piper Sandler initiated coverage of Chicago Atlantic Real Estate Finance with a rating of Neutral and set a new price target of $16.00
Lake Street initiated coverage of Chicago Atlantic Real Estate Finance with a rating of Buy and set a new price target of $23.00
JMP Securities initiated coverage of Chicago Atlantic Real Estate Finance with a rating of Mkt Outperform and set a new price target of $26.00
Oppenheimer initiated coverage of Chicago Atlantic Real with a rating of Outperform and set a new price target of $17.00
Compass Point initiated coverage of Chicago Atlantic Real with a rating of Buy and set a new price target of $22.00
SC 13G - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Subject)
CHICAGO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial mortgage real estate investment trust ("REIT"), announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per common share for the fourth quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on January 13, 2025, to shareholders of record as of the close of business on December 31, 2024. The board of directors also declared a special cash dividend of $0.18 per common share. The special dividend is required for the Company to remain in compliance with U.S. federal income t
Chicago Atlantic and Lineage Merchant Partners are proud to announce the execution of definitive merger agreements entered into by Vireo Growth Inc. ("Vireo" or the "Company") (CSE:VREO), in which Chicago Atlantic is the largest stockholder, with three leading single-state operators: Proper Cannabis (Missouri), Deep Roots Harvest (Nevada), and WholesomeCo Cannabis (Utah). The merger agreements with Wholesome and Proper include the acquisition of Arches, a cutting-edge analytics and distribution technology platform joint venture between Wholesome and Proper. In addition, the Company signed a binding memorandum of understanding to acquire The Flowery (Florida). The combined entity (assuming
CHICAGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, today announced its results for the third quarter ended September 30, 2024. Peter Sack, Co-Chief Executive Officer, noted, "We have managed our portfolio and its maturities very well throughout 2024 with extensions, modifications and refinancings while improving credit quality and loan coverage. We knew this was the year to rise to this opportunity by sticking to our stringent underwriting and working collaboratively with our borrowers. I am pleased with how we have responded. A strong pipeline in bot
CHICAGO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, today announced that the Company entered into a $50.0 million unsecured term loan from two institutional private lending platforms to fund the Company's future investments and other general corporate purposes. The unsecured term loan matures in October 2028, is interest only and bears a fixed cash interest rate of 9.0%. The Company can prepay the term loan in whole or in part at any time and from time to time subject to applicable prepayment penalties. The full balance of the loan was drawn at closing
CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, announced details for the release of its results for the third quarter ended September 30, 2024. The Company plans to issue its earnings release and supplemental financial information before the market opens on Thursday, November 7, 2024. Chicago Atlantic will host a conference call and live audio webcast, both open for the general public to hear, later that day at 9:00 a.m. Eastern Time. The number to call for this interactive teleconference is (833) 630-1956 (international callers: 412-317-1837). T
Silver Spike Investment Corp. renamed Chicago Atlantic BDC, Inc. NASDAQ Ticker to be Changed to LIEN Chicago Atlantic today announced that Silver Spike Investment Corp. ("SSIC" or the "Company"), a specialty finance company that has elected to be regulated as a business development company, acquired a portfolio of loans (the "CALP Loan Portfolio") from Chicago Atlantic Loan Portfolio, LLC ("CALP"), a Chicago Atlantic-managed fund, in exchange for newly issued shares of the Company's common stock (the "Loan Portfolio Acquisition"). As a result of the Loan Portfolio Acquisition, CALP and legacy SSIC stockholders own approximately 72.8% and 27.2%, respectively, of the outstanding shares of t
CHICAGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the third quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on October 15, 2024, to shareholders of record as of the close of business on September 30, 2024. About Chicago Atlantic Real Estate Finance, Inc.Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis
CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, today announced its results for the second quarter ended June 30, 2024. John Mazarakis, Executive Chairman of Chicago Atlantic, noted, "The pace and direction of federal and state regulations are creating a tailwind in the cannabis industry. The comment period closed on DEA rescheduling with an overwhelmingly positive response – nearly 90% were in favor. The Ohio adult use rollout is happening as we speak, and Florida adult use is on the ballot in November. We have already seen a positive impact to ou
CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, announced details for the release of its results for the second quarter ended June 30, 2024. The Company plans to issue its earnings release before the market opens on Wednesday, August 7, 2024, and will host a conference call later that day at 9:00 a.m. Eastern Time. Interested parties may access the conference call live via webcast on Chicago Atlantic's investor relations website or may participate via telephone by registering using this online form. Upon registration, all telephone participants wil
CHICAGO, June 14, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the second quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on July 15, 2024, to shareholders of record as of the close of business on June 28, 2024. About Chicago Atlantic Real Estate Finance, Inc.Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis experti
CHICAGO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial mortgage real estate investment trust ("REIT"), announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per common share for the fourth quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on January 13, 2025, to shareholders of record as of the close of business on December 31, 2024. The board of directors also declared a special cash dividend of $0.18 per common share. The special dividend is required for the Company to remain in compliance with U.S. federal income t
CHICAGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, today announced its results for the third quarter ended September 30, 2024. Peter Sack, Co-Chief Executive Officer, noted, "We have managed our portfolio and its maturities very well throughout 2024 with extensions, modifications and refinancings while improving credit quality and loan coverage. We knew this was the year to rise to this opportunity by sticking to our stringent underwriting and working collaboratively with our borrowers. I am pleased with how we have responded. A strong pipeline in bot
CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, announced details for the release of its results for the third quarter ended September 30, 2024. The Company plans to issue its earnings release and supplemental financial information before the market opens on Thursday, November 7, 2024. Chicago Atlantic will host a conference call and live audio webcast, both open for the general public to hear, later that day at 9:00 a.m. Eastern Time. The number to call for this interactive teleconference is (833) 630-1956 (international callers: 412-317-1837). T
CHICAGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the third quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on October 15, 2024, to shareholders of record as of the close of business on September 30, 2024. About Chicago Atlantic Real Estate Finance, Inc.Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis
CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, today announced its results for the second quarter ended June 30, 2024. John Mazarakis, Executive Chairman of Chicago Atlantic, noted, "The pace and direction of federal and state regulations are creating a tailwind in the cannabis industry. The comment period closed on DEA rescheduling with an overwhelmingly positive response – nearly 90% were in favor. The Ohio adult use rollout is happening as we speak, and Florida adult use is on the ballot in November. We have already seen a positive impact to ou
CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, announced details for the release of its results for the second quarter ended June 30, 2024. The Company plans to issue its earnings release before the market opens on Wednesday, August 7, 2024, and will host a conference call later that day at 9:00 a.m. Eastern Time. Interested parties may access the conference call live via webcast on Chicago Atlantic's investor relations website or may participate via telephone by registering using this online form. Upon registration, all telephone participants wil
CHICAGO, June 14, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the second quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on July 15, 2024, to shareholders of record as of the close of business on June 28, 2024. About Chicago Atlantic Real Estate Finance, Inc.Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis experti
CHICAGO, May 07, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, today announced its results for the first quarter ended March 31, 2024. John Mazarakis, Executive Chairman of Chicago Atlantic, noted, "We are thrilled with progress toward regulatory reform resulting from the recent news of the DEA's commitment to the rescheduling of cannabis. Once enacted, the policy change is likely to bring significant benefits to the U.S. cannabis industry, including the elimination of punitive federal tax burdens, increased access to capital, and increased employment and investme
CHICAGO, April 17, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) ("Chicago Atlantic" or the "Company"), a commercial mortgage real estate investment trust, announced details for the release of its results for the first quarter ended March 31, 2024. The Company plans to issue its earnings release before the market opens on Tuesday, May 7, 2024, and will host a conference call later that day at 9:00 a.m. Eastern Time. Interested parties may access the conference call live via webcast on Chicago Atlantic's investor relations website or may participate via telephone by registering using this online form. Upon registration, all telephone participants will re
CHICAGO, March 15, 2024 (GLOBE NEWSWIRE) -- Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI), a commercial mortgage real estate investment trust, announced that its board of directors has declared a regular quarterly cash dividend of $0.47 per share for the first quarter of 2024. The regular quarterly dividend, which equates to an annualized rate of $1.88 per common share, is payable on April 15, 2024, to shareholders of record as of the close of business on March 28, 2024. About Chicago Atlantic Real Estate Finance, Inc.Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a market-leading commercial mortgage REIT utilizing significant real estate, credit and cannabis exp
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)
4 - Chicago Atlantic Real Estate Finance, Inc. (0001867949) (Issuer)