Chicago Atlantic Real Estate Finance (REFI) Price to FCF (2022 - 2026)
Chicago Atlantic Real Estate Finance's Price to FCF was 8.49 in Q2 2026, down 30.4% from 12.20 a year earlier and down 13.5% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Price to FCF (2022 - 2026) Analysis & Trends
For FY2025, Price to FCF at Chicago Atlantic Real Estate Finance came in at 8.98, down 35.3% from FY2024.
- In earlier years, Price to FCF was 13.87 in FY2024 (+33.8%), 10.36 in FY2023 (-34.2%), 15.75 in FY2022 (+1.5%) and 15.51 in FY2021.
- The Q2 2026 figure marks the lowest quarterly Price to FCF since Q3 2024.
- Compared with a year earlier, Price to FCF has declined for three straight quarters, with growth averaging 0.6% over the last eight quarters.
- The best year-over-year quarter for Price to FCF over five years was Q1 2025 (growth of 50.8%); the worst was Q3 2024 (a decline of 45.8%).
- Per Business Quant data, REFI's Price to FCF in the three quarters before Q2 2026 was 9.81 (Q1 2026), 8.98 (Q4 2025) and 11.18 (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 | 8.49 |
| Mar 31, 2026 | 9.81 |
| Dec 31, 2025 | 8.98 |
| Sep 30, 2025 | 11.18 |
| Jun 30, 2025 | 12.20 |
| Mar 31, 2025 | 12.87 |
| Dec 31, 2024 | 13.87 |
| Sep 30, 2024 | 8.27 |
| Jun 30, 2024 | 10.17 |
| Mar 31, 2024 | 8.53 |
| Dec 31, 2023 | 10.36 |
| Sep 30, 2023 | 15.26 |
| Jun 30, 2023 | 12.78 |
| Mar 31, 2023 | 15.59 |
| Dec 31, 2022 | 15.75 |
API Access
Chicago Atlantic Real Estate Finance Price to FCF 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-fcf&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();