Chicago Atlantic Real Estate Finance (REFI) Price to Book (2021 - 2026)
Chicago Atlantic Real Estate Finance's Price to Book was 0.76 in Q2 2026, down 20.2% from 0.95 a year earlier and down 3.7% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Price to Book (2021 - 2026) Analysis & Trends
For FY2025, Price to Book at Chicago Atlantic Real Estate Finance came in at 0.84, down 19.2% from FY2024.
- In earlier years, Price to Book was 1.04 in FY2024 (-4.0%), 1.08 in FY2023 (+6.8%) and 1.01 in FY2022.
- The Q2 2026 figure marks the lowest quarterly Price to Book since Q4 2021.
- Compared with a year earlier, Price to Book has declined for seven straight quarters, with an average decline of 10.3% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was Q4 2022 (growth of 149.6%); the worst was Q1 2023 (a decline of 23.1%).
- Per Business Quant data, REFI's Price to Book in the three quarters before Q2 2026 was 0.79 (Q1 2026), 0.84 (Q4 2025) and 0.87 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.76 |
| Mar 31, 2026 | 0.79 |
| Dec 31, 2025 | 0.84 |
| Sep 30, 2025 | 0.87 |
| Jun 30, 2025 | 0.95 |
| Mar 31, 2025 | 0.99 |
| Dec 31, 2024 | 1.04 |
| Sep 30, 2024 | 1.03 |
| Jun 30, 2024 | 1.03 |
| Mar 31, 2024 | 1.00 |
| Dec 31, 2023 | 1.08 |
| Sep 30, 2023 | 0.97 |
| Jun 30, 2023 | 1.01 |
| Mar 31, 2023 | 0.90 |
| Dec 31, 2022 | 1.01 |
| Sep 30, 2022 | 0.95 |
| Jun 30, 2022 | 1.00 |
| Mar 31, 2022 | 1.17 |
| Dec 31, 2021 | 0.41 |
API Access
Chicago Atlantic Real Estate Finance Price to Book 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=price-to-book&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();