XNASREFI
Market cap317mUSD
Dec 24, Last price
16.16USD
1D
1.32%
1Q
2.41%
IPO
1.00%
Name
Chicago Atlantic Real Estate Finance Inc
Chart & Performance
P/E
8.20
P/S
5.53
EPS
1.97
Div Yield, %
12.33%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
57m
+17.34%
Net income
39m
+19.87%
CFO
28m
+67.10%
Dividend
Sep 30, 20240.47 USD/sh
Earnings
Mar 10, 2025
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY |
|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | |
| Income | |||
Revenues | 57,327 17.34% | 48,858 341.15% | 11,075 |
Cost of revenue | 26,460 | 3,897,931 | 2,488 |
Unusual Expense (Income) | |||
NOPBT | 30,868 | (3,849,073) | 8,587 |
NOPBT Margin | 53.84% | 77.53% | |
Operating Taxes | 34,907 | 9,572 | |
Tax Rate | 111.47% | ||
NOPAT | 30,868 | (3,883,980) | (985) |
Net income | 38,710 19.87% | 32,292 240.05% | 9,496 |
Dividends | (39,134) | (28,174) | (5,136) |
Dividend yield | 13.19% | 10.53% | 1.77% |
Proceeds from repurchase of equity | 7,222 | 4,506 | 223,937 |
BB yield | -2.43% | -1.68% | -77.06% |
| Debt | |||
Debt current | 58,000 | ||
Long-term debt | 66,000 | 58,000 | |
Deferred revenue | 1,868 | 6,637 | |
Other long-term liabilities | 2,055 | (58,810) | (6,637) |
Net debt | 57,260 | (228,989) | (80,249) |
| Cash flow | |||
Cash from operating activities | 28,416 | 17,005 | 6,669 |
CAPEX | |||
Cash from investing activities | (1,925) | (125,244) | (145,222) |
Cash from financing activities | (24,309) | 33,706 | 218,801 |
FCF | 98,734 | (3,943,145) | |
| Balance | |||
Cash | 7,898 | 344,989 | 80,249 |
Long term investments | 842 | ||
Excess cash | 5,874 | 342,546 | 79,695 |
Stockholders' equity | (5,630) | 47,321 | (80,253) |
Invested Capital | 345,693 | 352,892 | 358,423 |
ROIC | 8.84% | ||
ROCE | 9.08% | 3.09% | |
| EV | |||
Common stock shares outstanding | 18,344 | 17,746 | 17,454 |
Price | 16.18 7.37% | 15.07 -9.49% | 16.65 |
Market cap | 296,801 10.98% | 267,435 -7.97% | 290,602 |
EV | 354,061 | 90,730 | 130,105 |
EBITDA | 30,868 | (3,285,609) | 8,587 |
EV/EBITDA | 11.47 | 15.15 | |
Interest | 5,753 | 2,614 | 76 |
Interest/NOPBT | 18.64% | 0.88% | |