REFI Chicago Atlantic Real Estate Finance (REFI) Insider Trading, Ownership & Congress Trades
Real Estate · Real estate investment trusts · CIK 0001867949
Cluster · 3 insidersC-suite buying · 3
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
61
13F, latest reported quarter
What the filings say about REFI
Insiders, 180 days
+$1.3M net bought
3 buyers
Chicago Atlantic Real Estate Finance insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Chicago Atlantic Real Estate Finance, Inc. insiders bought a net $1.3M of stock across 45 Form 4 purchases and sales, with 3 insiders buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 12 earlier Form 4 trades (code P or S) here by this insider (11 buys, 1 sale), the last on Aug 26, 2026.
- +4.1% median (+6.2% mean) 90-day return after 8 previous buys.
- The trade is 1.4% of the 526,562 shares held after it.
- 2 other insiders bought within 30 days.
- 61 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Executive Chairman Mazarakis John bought about $80.3K of REFI on Aug 27, 2026; 2 other insiders bought within 30 days and 61 funds added in the latest 13F quarter.Context
- 11 earlier Form 4 trades (code P or S) here by this insider (10 buys, 1 sale), the last on Aug 21, 2026.
- +4.1% median (+6.2% mean) 90-day return after 8 previous buys.
- The trade is 7.7% of the 519,032 shares held after it.
- 2 other insiders bought within 30 days.
- 61 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Executive Chairman Mazarakis John bought about $428.6K of REFI on Aug 26, 2026; 2 other insiders bought within 30 days and 61 funds added in the latest 13F quarter.Context
- 10 earlier Form 4 trades (code P or S) here by this insider (9 buys, 1 sale), the last on Aug 17, 2026.
- +4.1% median (+6.2% mean) 90-day return after 8 previous buys.
- The trade is 0.0% of the 478,851 shares held after it.
- 2 other insiders bought within 30 days.
- 61 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Executive Chairman Mazarakis John bought about $1.5K of REFI on Aug 21, 2026; 2 other insiders bought within 30 days and 61 funds added in the latest 13F quarter.Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 buys), the last on Aug 18, 2026.
- +3.5% median (+1.7% mean) 90-day return after 3 previous buys.
- The trade is 1.2% of the 121,356 shares held after it.
- 2 other insiders bought within 30 days.
- 61 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Co-Chief Executive Officer Sack Peter bought about $15.8K of REFI on Aug 19, 2026; 2 other insiders bought within 30 days and 61 funds added in the latest 13F quarter.Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 buys), the last on Aug 18, 2026.
- +3.5% median (+1.7% mean) 90-day return after 3 previous buys.
- The trade is 1.6% of the 123,356 shares held after it.
- 2 other insiders bought within 30 days.
- 61 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Co-Chief Executive Officer Sack Peter bought about $20.8K of REFI on Aug 19, 2026; 2 other insiders bought within 30 days and 61 funds added in the latest 13F quarter.45 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net +$1.3M over 180 days
+$1.3M over 90 days
more than 94% of Real Estate
Congress
no House purchase disclosed in the last 12 months
Funds
61 funds bought in last quarter
below 74% of Real Estate
Revenue
no revenue reported in any filing
Margin
73.7% net margin
more than 88% of Real Estate
Buybacks
no share repurchases reported
Short interest
7.4% of the float short (float per yahoo 2026-10-27) · 8.7 days to cover · settled 2026-10-15
more than 72% of Real Estate
The situation: each line is one rule over one dataset
3 insiders independently bought a net $1.3M while the stock fell 24% over six months, with no planned sales queued.
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch REFI
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-19.8%12M
Insider buy
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns REFI: institutional holders (13F)
13F holdings, latest reported quarter
1,719,049 sh
$18.4M
982,283 sh
$10.5M
788,254 sh
$8.5M
499,188 sh
$5.6M
188,621 sh
$2.0M
Congress trades in REFI
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
REFI planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
REFI mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Hoya Capital High Dividend Yield ETF
$1.1M position · as of 2026-05-31
1.0%
Virtus Real Asset Income ETF
$176.9K position · as of 2026-07-31
1.0%
Intrepid Capital Fund
$663.3K position · as of 2026-06-30
0.5%
Amplify Seymour Cannabis ETF
$357.5K position · as of 2026-06-30
0.4%
iShares Mortgage Real Estate ETF
$2.3M position · as of 2026-06-30
0.4%
Hartford Multifactor Small Cap ETF
$78.5K position · as of 2026-07-31
0.1%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
3 insiders reported buying shares.
The record shows a net $1.3M bought by insiders over 180 days, 61 funds added last quarter. Each figure is a federal filing, dated the day it went public.
REFI financials
Net margin
73.7%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$56.3M
four quarters, 2022-07-01 to 2023-06-30
Revenue, TTM REFI
| FY Dec 2025 | $56.3M |
| FY Dec 2024 | $56.3M |
| FY Dec 2023 | $56.3M |
| FY Dec 2022 | $48.9M |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Net margin, TTM
+52.3%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM REFI
| FY Dec 2025 | +64.0% |
| FY Dec 2024 | +65.8% |
| FY Dec 2023 | +68.8% |
| FY Dec 2022 | +66.0% |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Free cash flow, TTM
n/a
capex not filed for the four quarters
Free cash flow, TTM REFI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Debt to equity
0.89x
long-term 2026-06-30 plus current 2024-09-30 (21 months older than the period end); equity 2026-06-30
Debt to equity REFI
| FY Dec 2025 | 0.88x |
| FY Dec 2024 | 0.87x |
| FY Dec 2023 | 1.05x |
| FY Dec 2022 | 1.07x |
| Jun 2026 | 0.89x |
| Mar 2026 | 0.89x |
| Dec 2025 | 0.88x |
| Sep 2025 | 0.87x |
| Jun 2025 | 0.87x |
| Mar 2025 | 0.87x |
| Dec 2024 | 0.87x |
| Sep 2024 | 0.93x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.10x
TTM operating cash flow over long-term 2026-06-30 plus current 2024-09-30 (21 months older than the period end)
Cash flow to debt REFI
| FY Dec 2025 | 0.11x |
| FY Dec 2024 | 0.09x |
| FY Dec 2023 | 0.10x |
| FY Dec 2022 | 0.06x |
| Jun 2026 | 0.10x |
| Mar 2026 | 0.09x |
| Dec 2025 | 0.11x |
| Sep 2025 | 0.09x |
| Jun 2025 | 0.09x |
| Mar 2025 | 0.09x |
| Dec 2024 | 0.09x |
| Sep 2024 | 0.13x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+9.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity REFI
| FY Dec 2025 | +11.7% |
| FY Dec 2024 | +12.8% |
| FY Dec 2023 | +14.4% |
| FY Dec 2022 | +12.2% |
| Jun 2026 | +9.6% |
| Mar 2026 | +10.0% |
| Dec 2025 | +11.7% |
| Sep 2025 | +11.8% |
| Jun 2025 | +12.6% |
| Mar 2025 | +12.9% |
| Dec 2024 | +12.8% |
| Sep 2024 | +13.5% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+6.4%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets REFI
| FY Dec 2025 | +8.4% |
| FY Dec 2024 | +9.3% |
| FY Dec 2023 | +11.0% |
| FY Dec 2022 | +10.4% |
| Jun 2026 | +6.4% |
| Mar 2026 | +7.2% |
| Dec 2025 | +8.4% |
| Sep 2025 | +9.0% |
| Jun 2025 | +9.0% |
| Mar 2025 | +9.6% |
| Dec 2024 | +9.3% |
| Sep 2024 | +10.7% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
fewer than four consecutive quarters of operating income
Return on invested capital REFI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
n/a
fewer than four consecutive quarters of operating income
Return on capital employed REFI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
6.79x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing REFI
| FY Dec 2025 | 7.30x |
| FY Dec 2024 | 8.20x |
| FY Dec 2023 | 7.63x |
| FY Dec 2022 | 8.28x |
| Jun 2026 | 7.82x |
| Mar 2026 | 7.86x |
| Dec 2025 | 7.30x |
| Sep 2025 | 7.57x |
| Jun 2025 | 7.63x |
| Mar 2025 | 7.82x |
| Dec 2024 | 8.20x |
| Sep 2024 | 7.76x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$494.6M
market value at close 2026-10-26 on 2026-08-06 shares, plus long-term 2026-06-30 plus current 2024-09-30 (21 months older than the period end), minus cash 2026-06-30
Enterprise value REFI
| FY Dec 2025 | $513.0M |
| FY Dec 2024 | $545.7M |
| FY Dec 2023 | $570.8M |
| FY Dec 2022 | $542.0M |
| Jun 2026 | $483.6M |
| Mar 2026 | $480.4M |
| Dec 2025 | $513.0M |
| Sep 2025 | $510.1M |
| Jun 2025 | $526.6M |
| Mar 2025 | $566.6M |
| Dec 2024 | $545.7M |
| Sep 2024 | $571.8M |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
n/a
capex not filed for the four quarters
FCF yield REFI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -25%, PEG needs growth
PEG, trailing REFI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | 0.46x |
| FY Dec 2022 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | n/a | n/a | n/a | $48.9M |
| Net income | $36.0M | $37.0M | $38.7M | $32.3M |
| EPS (diluted) | 1.68 | 1.88 | 2.11 | 1.82 |
| Operating cash flow | $28.8M | $23.2M | $28.4M | $17.0M |
| Cash | $14.9M | $26.4M | $7.9M | $5.7M |
| Long-term debt | $49.3M | $49.1M | n/a | n/a |
| Dividends paid | $43.8M | $41.6M | $39.1M | $28.2M |
SEC XBRL, fiscal years, as known on 2026-10-28
REFI Stock Sonar score 5/7 axes
Find similar shapesCompareREFI ranks highest on insider conviction (92nd percentile) and profitability (84th), and lowest on institutional and government (26th), among Real Estate peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
REFI filings, in plain words
Are Chicago Atlantic Real Estate Finance insiders buying or selling REFI?
In the 180 days to 2026-10-28, Chicago Atlantic Real Estate Finance insiders were net buyers, a net $1.3M across purchases and sales reported on Form 4, by 3 buyers.
Read the full summary
In the 180 days to 2026-10-28, Chicago Atlantic Real Estate Finance insiders were net buyers of REFI, a net $1.3M across purchases and sales reported on Form 4 by 3 buyers. 3 different insiders reported purchases within the last 90 days, a cluster buy, which is rarer than a single purchase. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
Explore insider trading and ownership data
Every company we track, ranked by each kind of filing
