Chicago Atlantic Real Estate Finance (REFI) Invested Capital (2021 - 2026)
Chicago Atlantic Real Estate Finance (REFI) recorded Invested Capital of $392.75 million in Q2 2026, up 3.0% from $381.23 million a year earlier and up 6.0% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Invested Capital (2021 - 2026) Analysis & Trends
For FY2025, Chicago Atlantic Real Estate Finance reported Invested Capital of $356.91 million, down 1.9% from FY2024.
- Annual Invested Capital has a three-year compound annual growth rate of 3.5% (FY2022 to FY2025).
- Across earlier years, Invested Capital came in at $363.96 million in FY2024 (+7.7%), $337.85 million in FY2023 (+4.9%) and $322.03 million in FY2022.
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q4 2021.
- On a year-over-year basis, Invested Capital rose in six of the last eight quarters, with growth averaging 2.5%.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 19.9% in Q4 2022, against a decline of 5.0% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $370.47 million (Q1 2026), $356.91 million (Q4 2025) and $362.31 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | 59.93 Bn |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | 18.38 Bn |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | 71.63 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | 4,288.89 Bn |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | 7.92 Bn |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | 8.66 Bn |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | 24.66 Bn |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | 54.27 Bn |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | 26.98 Bn |
| 10 | Chicago Atlantic Real Estate Finance | 197.37 Mn | 132.95 Mn | - | 446.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 446.51 Mn |
| Jun 30, 2026 | 442.20 Mn |
| Mar 31, 2026 | 419.87 Mn |
| Dec 31, 2025 | 406.25 Mn |
| Sep 30, 2025 | 411.59 Mn |
| Jun 30, 2025 | 430.44 Mn |
| Mar 31, 2025 | 397.94 Mn |
| Dec 31, 2024 | 413.05 Mn |
| Sep 30, 2024 | 349.47 Mn |
| Jun 30, 2024 | 369.47 Mn |
| Mar 31, 2024 | 367.21 Mn |
| Dec 31, 2023 | 337.85 Mn |
| Sep 30, 2023 | 338.79 Mn |
| Jun 30, 2023 | 316.69 Mn |
| Mar 31, 2023 | 309.62 Mn |
| Dec 31, 2022 | 322.03 Mn |
| Sep 30, 2022 | 323.15 Mn |
| Jun 30, 2022 | 322.03 Mn |
| Mar 31, 2022 | 276.51 Mn |
| Dec 31, 2021 | 268.62 Mn |
API Access
Chicago Atlantic Real Estate Finance Invested Capital 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=invested-capital&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();