Chicago Atlantic Real Estate Finance (REFI) Debt Ratio (2021 - 2026)

Chicago Atlantic Real Estate Finance's (REFI) quarterly Debt Ratio came in at 0.15 in Q1 2026, up 67.83% year-on-year from 0.09 in Q1 2025, and up 33.1% quarter-over-quarter from 0.12 in Q4 2025.

Chicago Atlantic Real Estate Finance (REFI) Debt Ratio (2021 - 2026) Analysis & Trends

Chicago Atlantic Real Estate Finance has disclosed Debt Ratio across 6 years of filings, most recently posting 0.15 for Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.15, up 67.83% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.15 (up 67.83% YoY), and the FY2025 annual result was 0.12, down 8.58% from the prior year.
  • Debt Ratio came in at 0.15 for Q1 2026 at Chicago Atlantic Real Estate Finance, up from 0.12 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.21 in Q1 2024 to a low of 0.09 in Q1 2025.
  • The 5-year median for Debt Ratio is 0.15 (2024), against an average of 0.15.
  • Across the five-year window, Debt Ratio soared 2429.54% in 2022 and sank 56.73% in 2025, its largest moves.
  • Chicago Atlantic Real Estate Finance's Debt Ratio stood at 0.17 in 2022, then climbed by 6.18% to 0.18 in 2023, then plunged by 31.21% to 0.13 in 2024, then fell by 8.58% to 0.12 in 2025, then surged by 33.1% to 0.15 in 2026.
  • The last three Debt Ratio figures came in at 0.15 (Q1 2026), 0.12 (Q4 2025), and 0.12 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 0.22
2 AGNC Investment 11.42 Bn 10.75 Bn - 0.74
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 0.07
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.04
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.86
8 Ellington Financial 1.67 Bn 1.39 Bn - -
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 0.01
10 Chicago Atlantic Real Estate Finance 237.79 Mn 209.93 Mn - 0.15

Historic Data

Download Data
DateValue
Mar 31, 2026 0.15
Dec 31, 2025 0.12
Sep 30, 2025 0.12
Jun 30, 2025 0.16
Mar 31, 2025 0.09
Dec 31, 2024 0.13
Sep 30, 2024 0.15
Jun 30, 2024 0.20
Mar 31, 2024 0.21
Dec 31, 2023 0.18
Sep 30, 2023 0.18
Jun 30, 2023 0.13
Mar 31, 2023 0.12
Dec 31, 2022 0.17
Sep 30, 2022 0.16
Jun 30, 2022 0.13
Dec 31, 2021 0.01