NASD · Real Estate · REIT - Mortgage · USA
Chicago Atlantic Real Estate Finance Inc is a micro cap company (market value under $300 million) in the REIT - Mortgage industry.
Chicago Atlantic Real Estate Finance is a commercial mortgage real estate investment trust that originates and holds first mortgage loans secured by commercial real estate. Its portfolio comprises primarily senior loans to state-licensed cannabis industry operators, secured by real estate, equipment, licenses and other assets, across cultivators, processors and dispensaries.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the Chicago Atlantic Real Estate Finance Inc stock.
Undervalued: intrinsic value $18.16 per share, market price $8.84, margin of safety 51.3% (as of 2026-10-30).
Book value at 1.41x, the multiple a 9.6% return on equity justifies, blended with earnings, values the shares at $18.16; the price of $8.84 is 51% below that value.
Leak Score: 62/100 on 9 of 12 signals (Faint Leak).
15 more funds hold it; the full list is part of the paid plan.
REFI is undervalued (as of the 2026-10-30 close). Book value at 1.41x, the multiple a 9.6% return on equity justifies, blended with earnings, values the shares at $18.16; the price of $8.84 is 51% below that value.
$18.16 per share (as of the 2026-10-30 close), against a market price of $8.84. That is a margin of safety of 51.3%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
62 out of 100, which we rate "Faint Leak", on 9 of 12 value investing signals.