Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Announces $0.47 Quarterly Dividend

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.47 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 16.9%. The ex-dividend date is Tuesday, June 30th.

Chicago Atlantic Real Estate Finance has a dividend payout ratio of 90.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Chicago Atlantic Real Estate Finance to earn $1.80 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 104.4%.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock traded down $0.07 during trading hours on Wednesday, reaching $11.11. The company had a trading volume of 285,482 shares, compared to its average volume of 147,616. Chicago Atlantic Real Estate Finance has a 12-month low of $10.74 and a 12-month high of $14.59. The company has a market capitalization of $235.64 million, a price-to-earnings ratio of 7.72 and a beta of 0.23. The stock has a fifty day moving average of $11.56 and a 200-day moving average of $12.06.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $12.92 million for the quarter, compared to analysts’ expectations of $13.69 million. Chicago Atlantic Real Estate Finance had a return on equity of 11.98% and a net margin of 55.54%. On average, analysts forecast that Chicago Atlantic Real Estate Finance will post 1.72 EPS for the current year.

About Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.