Chicago Atlantic Real Estate Finance (REFI) Times Interest Earned (2022 - 2026)
Chicago Atlantic Real Estate Finance's (REFI) Times Interest Earned stood at 4.13 in Q2 2026, down 21.6% from 5.27 a year earlier but up 22.6% from the prior quarter.
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Analysis
Chicago Atlantic Real Estate Finance (REFI) Times Interest Earned (2022 - 2026) Analysis & Trends
On a TTM basis, Chicago Atlantic Real Estate Finance's Times Interest Earned came in at 4.76 as of Jun 30, 2026, down 23.0% year-over-year; for FY2025, it was 5.77, down 6.6% from FY2024.
- Annual Times Interest Earned has declined for three straight years.
- Across earlier years, Times Interest Earned came in at 6.18 in FY2024 (-20.1%), 7.73 in FY2023 (-42.1%) and 13.35 in FY2022.
- Quarterly Times Interest Earned has ranged from 3.37 in Q1 2026 to 27.99 in Q2 2022 over the past five years.
- On a year-over-year basis, Times Interest Earned has declined for five consecutive quarters, with an average decline of 11.8% over the last eight quarters.
- Peak year-over-year performance for Times Interest Earned in the last five years was growth of 13.8% in Q1 2025, against a decline of 65.4% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.37 (Q1 2026), 5.44 (Q4 2025) and 6.71 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 1.75 |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 2.98 |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 1.42 |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 1.15 |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.24 |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 2.22 |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 27.97 |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.63 |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Chicago Atlantic Real Estate Finance | 213.57 Mn | 128.49 Mn | - | 4.13 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.13 |
| Mar 31, 2026 | 3.37 |
| Dec 31, 2025 | 5.44 |
| Sep 30, 2025 | 6.71 |
| Jun 30, 2025 | 5.27 |
| Mar 31, 2025 | 5.86 |
| Dec 31, 2024 | 6.61 |
| Sep 30, 2024 | 7.23 |
| Jun 30, 2024 | 5.99 |
| Mar 31, 2024 | 5.15 |
| Dec 31, 2023 | 6.56 |
| Sep 30, 2023 | 7.88 |
| Jun 30, 2023 | 9.69 |
| Mar 31, 2023 | 7.61 |
| Dec 31, 2022 | 6.89 |
| Sep 30, 2022 | 12.34 |
| Jun 30, 2022 | 27.99 |
API Access
Chicago Atlantic Real Estate Finance Times Interest Earned 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=times-interest-earned&ticker=REFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=REFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();