Chicago Atlantic Real Estate Finance (REFI) Interest Expenses (2022 - 2026)
Chicago Atlantic Real Estate Finance's Interest Expenses came in at $2.38 million for Q2 2026, up 14.8% from $2.08 million a year earlier and up 16.8% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Interest Expenses (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Chicago Atlantic Real Estate Finance reported Interest Expenses of $7.83 million, up 6.5% year-over-year; for FY2025, it came in at $7.55 million, up 5.5% from FY2024.
- Interest Expenses has increased in each of the last three years, with a three-year compound annual growth rate of 42.4% (FY2022 to FY2025).
- Going back by year, Interest Expenses was $7.15 million in FY2024 (+24.3%), $5.75 million in FY2023 (+120.1%) and $2.61 million in FY2022.
- The Q2 2026 figure represents the highest quarterly Interest Expenses in data going back to Q2 2022.
- Year-over-year, Interest Expenses increased in four of the last eight quarters, with growth averaging 6.2%.
- The fastest year-over-year change in Interest Expenses over five years came in Q2 2023 (growth of 259.7%), and the weakest in Q4 2024 (a decline of 16.5%).
- Business Quant data shows REFI's Interest Expenses at $2.04 million (Q1 2026), $1.84 million (Q4 2025) and $1.57 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 374.00 Mn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 281.69 Mn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 93.62 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 33.32 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 118.51 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 975.00 Mn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 10.01 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.32 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 214.00 Mn |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - | 2.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.38 Mn |
| Mar 31, 2026 | 2.04 Mn |
| Dec 31, 2025 | 1.84 Mn |
| Sep 30, 2025 | 1.57 Mn |
| Jun 30, 2025 | 2.08 Mn |
| Mar 31, 2025 | 2.07 Mn |
| Dec 31, 2024 | 1.41 Mn |
| Sep 30, 2024 | 1.80 Mn |
| Jun 30, 2024 | 1.84 Mn |
| Mar 31, 2024 | 2.10 Mn |
| Dec 31, 2023 | 1.69 Mn |
| Sep 30, 2023 | 1.45 Mn |
| Jun 30, 2023 | 994,926.00 |
| Mar 31, 2023 | 1.62 Mn |
| Dec 31, 2022 | 1.23 Mn |
| Sep 30, 2022 | 861,348.00 |
| Jun 30, 2022 | 276,562.00 |
API Access
Chicago Atlantic Real Estate Finance Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "REFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();