Chicago Atlantic Real Estate Finance, Inc. (REFI)

Over the past year, REFI's stock has experienced a change of -18.01% to -22.40%, with a 52-week trading range between $11.85 and $16.27. In October 2025, officers and directors purchased approximately 54,000 shares, increasing their beneficial ownership to about 1,770,000 shares. The company reported Q3 2025 EPS of $0.42, missing forecasts by 12.5%, while revenue reached $15.25 million, exceeding expectations by 8.62%. Revenue forecasts for upcoming quarters range from $13.93-$14.99 million, with $59.58 million projected for FY2026. The stock price fell slightly by 0.15% in pre-market trading to $13.06 following the Q3 2025 earnings report.

The provided search results do not contain specific information about the demand seasonality for Chicago Atlantic Real Estate Finance, Inc.'s products and services. The demand for financing in the cannabis market is expected to rise due to ongoing state legalization and increased consumer adoption, which would require significant capital expenditures from operators, suggesting a growing, rather than seasonal, demand trend.

Chicago Atlantic Real Estate Finance, Inc. (REFI) is a commercial mortgage REIT specializing in first mortgage loans and alternative structured financings, primarily for state-licensed cannabis operators in limited-license states. The company aims to deliver attractive, risk-adjusted returns through dividends and capital appreciation. Demand for financing in the cannabis market is expected to increase due to state-level legalization and consumer adoption. The federal prohibition on cannabis limits competition, creating a niche for companies like Chicago Atlantic.

Chicago Atlantic Real Estate Finance, Inc. operates in the United States, with its base in Miami Beach, Florida. Its lending activities are primarily focused on state-licensed cannabis operators in limited-license states within the U.S.

Information specifically regarding the brand reputation of Chicago Atlantic Real Estate Finance, Inc. (REFI) in the past year, and events affecting it, was not found in the provided search results.

Major institutional owners of Chicago Atlantic Real Estate Finance, Inc. include BlackRock, Inc., The Vanguard Group, Inc., Fielder Capital Group LLC, and State Street Global Advisors, Inc. Officers and directors, including John Mazarakis, Peter Sack, and Phillip Silverman, are also significant individual owners, collectively holding approximately 8.2% of the fully diluted common shares outstanding as of October 2025.