Chicago Atlantic Real Estate Finance (REFI) Stock Analysis & Price (Updated Oct 16, 2026, 4:00 PM ET)
Updated Oct 16, 2026, 4:00 PM ET
- Closed at $9.31, -0.85% vs the prior close of $9.39.
- Volume 142.82K shares, 0.7x its 50-day average.
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
REFI dips 0.9% to $9.31. Closed at $9.31, -0.85% vs the prior close of $9.39. Day range $9.22–$9.50, opened at $9.45.
REFI daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 16, 2026 — REFI dips 0.9% to $9.31
- Closed at $9.31, -0.85% vs the prior close of $9.39. Day range $9.22–$9.50, opened at $9.45.
- Volume was 142.82K shares, 0.7x its 50-day average of 206.44K.
- Price is -10.4% vs its 50-day average ($10.39) and -17.5% vs its 200-day average ($11.29).
- 52-week range $9.04–$13.49; today's close sits at 6% of that range, 31.0% below the 52-week high.
Oct 15, 2026 — REFI rises 2.7% to $9.39
- Closed at $9.39, +2.74% vs the prior close of $9.14. Day range $9.14–$9.52, opened at $9.22.
- Volume was 243.60K shares, 1.2x its 50-day average of 204.74K.
- Price is -9.8% vs its 50-day average ($10.41) and -16.9% vs its 200-day average ($11.30).
- 52-week range $9.04–$13.49; today's close sits at 8% of that range, 30.4% below the 52-week high.
Oct 14, 2026 — REFI rises 0.3% to $9.14
- Closed at $9.14, +0.33% vs the prior close of $9.11. Day range $9.04–$9.21, opened at $9.10.
- Volume was 197.80K shares, 1.0x its 50-day average of 203.97K.
- Price is -12.3% vs its 50-day average ($10.42) and -19.3% vs its 200-day average ($11.32).
- 52-week range $9.04–$13.49; today's close sits at 2% of that range, 32.2% below the 52-week high.
Oct 13, 2026 — REFI dips 2.6% to $9.11, a 52-week low, 3 down days in a row
- Closed at $9.11, -2.57% vs the prior close of $9.35. Day range $9.10–$9.42, opened at $9.28.
- Volume was 205.90K shares, 1.0x its 50-day average of 204.21K.
- Price is -12.7% vs its 50-day average ($10.44) and -19.7% vs its 200-day average ($11.34).
- 52-week range $9.10–$13.49; today's close sits at 0% of that range, 32.5% below the 52-week high.
- That makes 3 straight losses.
Oct 12, 2026 — REFI dips 0.7% to $9.35, a 52-week low
- Closed at $9.35, -0.74% vs the prior close of $9.42. Day range $9.25–$9.41, opened at $9.41.
- Volume was 196.80K shares, 1.0x its 50-day average of 203.28K.
- Price is -10.6% vs its 50-day average ($10.45) and -17.7% vs its 200-day average ($11.36).
- 52-week range $9.25–$13.49; today's close sits at 2% of that range, 30.7% below the 52-week high.
Oct 9, 2026 — REFI dips 2.3% to $9.42, a 52-week low
- Closed at $9.42, -2.28% vs the prior close of $9.64. Day range $9.37–$9.64, opened at $9.60.
- Volume was 193.20K shares, 1.0x its 50-day average of 202.62K.
- Price is -10.0% vs its 50-day average ($10.46) and -17.2% vs its 200-day average ($11.38).
- 52-week range $9.37–$13.49; today's close sits at 1% of that range, 30.2% below the 52-week high.
Oct 8, 2026 — REFI rises 0.3% to $9.64
- Closed at $9.64, +0.31% vs the prior close of $9.61. Day range $9.56–$9.71, opened at $9.59.
- Volume was 206.30K shares, 1.0x its 50-day average of 201.43K.
- Price is -7.9% vs its 50-day average ($10.47) and -15.4% vs its 200-day average ($11.39).
- 52-week range $9.56–$13.49; today's close sits at 2% of that range, 28.5% below the 52-week high.
Oct 7, 2026 — REFI dips 1.9% to $9.61, a 52-week low, 3 down days in a row
- Closed at $9.61, -1.94% vs the prior close of $9.80. Day range $9.61–$9.76, opened at $9.70.
- Volume was 193.40K shares, 1.0x its 50-day average of 200.69K.
- Price is -8.2% vs its 50-day average ($10.47) and -15.8% vs its 200-day average ($11.41).
- 52-week range $9.61–$13.49; today's close sits at 0% of that range, 28.8% below the 52-week high.
- That makes 3 straight losses.
Oct 6, 2026 — REFI ends flat (-0.1%) to $9.80, a 1-month low
- Closed at $9.80, -0.10% vs the prior close of $9.81. Day range $9.79–$9.92, opened at $9.86.
- Volume was 111.70K shares, 0.6x its 50-day average of 200.55K — lighter than usual.
- Price is -6.5% vs its 50-day average ($10.48) and -14.2% vs its 200-day average ($11.43).
- 52-week range $9.69–$13.49; today's close sits at 3% of that range, 27.4% below the 52-week high.
Oct 5, 2026 — REFI dips 2.5% to $9.81, a 1-month low
- Closed at $9.81, -2.49% vs the prior close of $10.06. Day range $9.77–$10.22, opened at $10.05.
- Volume was 237.70K shares, 1.2x its 50-day average of 197.75K.
- Price is -6.5% vs its 50-day average ($10.49) and -14.3% vs its 200-day average ($11.44).
- 52-week range $9.69–$13.49; today's close sits at 3% of that range, 27.3% below the 52-week high.
Oct 2, 2026 — REFI rises 1.3% to $10.06
- Closed at $10.06, +1.31% vs the prior close of $9.93. Day range $10.00–$10.17, opened at $10.00.
- Volume was 131.40K shares, 0.7x its 50-day average of 198.40K.
- Price is -4.2% vs its 50-day average ($10.50) and -12.2% vs its 200-day average ($11.46).
- 52-week range $9.69–$13.49; today's close sits at 10% of that range, 25.4% below the 52-week high.
REFI latest news & SEC filings
Every SEC filing by or about REFI in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Aug 28, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Mazarakis John bought 7,530 shares at $10.67 (≈$80.35K) on Aug 27, 2026
- Mazarakis John bought 7,530 shares at $10.67 (≈$80.35K) on Aug 27, 2026
- Mazarakis John bought 7,530 shares at $10.67 (≈$80.35K) on Aug 27, 2026
- Mazarakis John bought 7,530 shares at $10.67 (≈$80.35K) on Aug 27, 2026
- Mazarakis John bought 40,181 shares at $10.67 (≈$428.73K) on Aug 26, 2026
- Mazarakis John bought 40,181 shares at $10.67 (≈$428.73K) on Aug 26, 2026
- …plus 2 more transaction lines in the filing.
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Aug 25, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Mazarakis John bought 145 shares at $10.67 (≈$1.55K) on Aug 21, 2026
- Mazarakis John bought 145 shares at $10.67 (≈$1.55K) on Aug 21, 2026
- Mazarakis John bought 145 shares at $10.67 (≈$1.55K) on Aug 21, 2026
- Mazarakis John bought 145 shares at $10.67 (≈$1.55K) on Aug 21, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Aug 21, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Sack Peter bought 2,000 shares at $10.39 (≈$20.78K) on Aug 19, 2026
- Sack Peter bought 1,500 shares at $10.53 (≈$15.79K) on Aug 19, 2026
- Sack Peter bought 2,000 shares at $10.39 (≈$20.78K) on Aug 19, 2026
- Sack Peter bought 1,500 shares at $10.53 (≈$15.79K) on Aug 19, 2026
- Sack Peter bought 2,000 shares at $10.39 (≈$20.78K) on Aug 19, 2026
- Sack Peter bought 1,500 shares at $10.53 (≈$15.79K) on Aug 19, 2026
- …plus 6 more transaction lines in the filing.
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Aug 19, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Mazarakis John bought 25,000 shares at $10.25 (≈$256.25K) on Aug 17, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Aug 19, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 11, 2026 · Form DEFA14A — Additional proxy materials
Additional proxy materials
Aug 11, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Aug 11, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Net income: $7.47M (prior year $8.88M) (-15.8% vs Jun 30, 2025)
- Diluted EPS: $0.34 (prior year $0.41) (-17.1% vs Jun 30, 2025)
Jul 13, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 3.02 — Sold unregistered shares.
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Things to know before you trade REFI
- Last results release: Aug 11, 2026 (8-K Item 2.02). Previous ones: May 7, 2026, Mar 12, 2026, Nov 4, 2025. Based on that rhythm, the next report is likely around Nov 10, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 1.39% (largest 6.4%).
- Liquidity: about 201.65K shares (≈$1.88M) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $9.31 vs a range of $9.04–$13.49 (6% of the range).
- Dividends: last ex-dividend date Sep 30, 2026 ($0.47/share); 4 payments in the past 12 months.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 25 open-market buys, 0 sales; latest: John Mazarakis bought 7,530 shares on Aug 27, 2026.
- Latest filings: 8-K Aug 11, 2026; 10-Q Aug 11, 2026; 8-K Jul 13, 2026.
- Share count: 25.62M shares outstanding (Aug 6, 2026), +21.6% vs a year earlier — notable dilution.
- Listing: Nasdaq · industry: Real Estate Investment Trusts.
REFI market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 16, 2026 | 9.45 | 9.50 | 9.22 | 9.31 | 142.82K |
| Oct 15, 2026 | 9.22 | 9.52 | 9.14 | 9.39 | 243.60K |
| Oct 14, 2026 | 9.10 | 9.21 | 9.04 | 9.14 | 197.80K |
| Oct 13, 2026 | 9.28 | 9.42 | 9.10 | 9.11 | 205.90K |
| Oct 12, 2026 | 9.41 | 9.41 | 9.25 | 9.35 | 196.80K |
| Oct 9, 2026 | 9.60 | 9.64 | 9.37 | 9.42 | 193.20K |
| Oct 8, 2026 | 9.59 | 9.71 | 9.56 | 9.64 | 206.30K |
| Oct 7, 2026 | 9.70 | 9.76 | 9.61 | 9.61 | 193.40K |
| Oct 6, 2026 | 9.86 | 9.92 | 9.79 | 9.80 | 111.70K |
| Oct 5, 2026 | 10.05 | 10.22 | 9.77 | 9.81 | 237.70K |
| Oct 2, 2026 | 10.00 | 10.17 | 10.00 | 10.06 | 131.40K |
| Oct 1, 2026 | 10.00 | 10.03 | 9.86 | 9.93 | 219.30K |
| Sep 30, 2026 | 10.48 | 10.48 | 10.02 | 10.02 | 270.20K |
| Sep 29, 2026 | 10.70 | 10.87 | 10.60 | 10.70 | 375.60K |
| Sep 28, 2026 | 10.66 | 10.72 | 10.57 | 10.66 | 232.20K |
| Sep 25, 2026 | 10.60 | 10.73 | 10.47 | 10.65 | 210.80K |
| Sep 24, 2026 | 10.72 | 10.77 | 10.60 | 10.61 | 113.30K |
| Sep 23, 2026 | 10.87 | 10.89 | 10.67 | 10.69 | 112.80K |
| Sep 22, 2026 | 10.86 | 10.89 | 10.65 | 10.84 | 181.40K |
| Sep 21, 2026 | 11.01 | 11.16 | 10.78 | 10.80 | 256.80K |
About Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance (REFI) is listed on the Nasdaq and classified by the SEC under “Real Estate Investment Trusts”. Its business address is in CHICAGO, IL. State of incorporation: MD. Fiscal year ends December 31. SEC CIK 1867949.
REFI board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Anthony Cappell | Co-Chief Executive Officer | Aug 19, 2026 |
| Brandon Konigsberg | Director | Apr 22, 2026 |
| John Mazarakis | Executive Chairman | Aug 28, 2026 |
| Jason D Papastavrou | Director | Apr 22, 2026 |
| Peter Sack | Co-Chief Executive Officer | Aug 21, 2026 |
| Elizabeth Mary Stavola | Director | Apr 22, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Anthony Cappell | Co-Chief Executive Officer | Aug 19, 2026 |
| David Kite | President and COO | Apr 22, 2026 |
| John Mazarakis | Executive Chairman | Aug 28, 2026 |
| Peter Sack | Co-Chief Executive Officer | Aug 21, 2026 |
| Phillip Silverman | Chief Financial Officer | Apr 22, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | John Mazarakis | Buy | 7,530 | $10.67 |
| Aug 27, 2026 | John Mazarakis | Buy | 7,530 | $10.67 |
| Aug 27, 2026 | John Mazarakis | Buy | 7,530 | $10.67 |
| Aug 27, 2026 | John Mazarakis | Buy | 7,530 | $10.67 |
| Aug 26, 2026 | John Mazarakis | Buy | 40,181 | $10.67 |
| Aug 26, 2026 | John Mazarakis | Buy | 40,181 | $10.67 |
| Aug 26, 2026 | John Mazarakis | Buy | 40,181 | $10.67 |
| Aug 26, 2026 | John Mazarakis | Buy | 40,181 | $10.67 |
| Aug 21, 2026 | John Mazarakis | Buy | 145 | $10.67 |
| Aug 21, 2026 | John Mazarakis | Buy | 145 | $10.67 |
| Aug 21, 2026 | John Mazarakis | Buy | 145 | $10.67 |
| Aug 21, 2026 | John Mazarakis | Buy | 145 | $10.67 |
| Aug 19, 2026 | Peter Sack | Buy | 2,000 | $10.39 |
| Aug 19, 2026 | Peter Sack | Buy | 1,500 | $10.53 |
| Aug 19, 2026 | Peter Sack | Buy | 2,000 | $10.39 |
REFI financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | — | $36.01M | 1.68 | $28.79M |
| Dec 31, 2024 | — | $37.05M | 1.88 | $23.16M |
| Dec 31, 2023 | — | $38.71M | 2.11 | $28.42M |
| Dec 31, 2022 | $48.86M | $32.29M | 1.82 | $17.01M |
Latest balance sheet: total assets $461.70M, total liabilities $160.05M, cash $13.35M (as of Jun 30, 2026).
REFI earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 11, 2026 | 8-K Item 2.02 (results) | $10.23 |
| May 7, 2026 | 8-K Item 2.02 (results) | $11.62 |
| Mar 12, 2026 | 8-K Item 2.02 (results) | $12.09 |
| Nov 4, 2025 | 8-K Item 2.02 (results) | $12.91 |
| Aug 7, 2025 | 8-K Item 2.02 (results) | $13.59 |
| May 7, 2025 | 8-K Item 2.02 (results) | $14.66 |
| Mar 12, 2025 | 8-K Item 2.02 (results) | $15.33 |
| Nov 7, 2024 | 8-K Item 2.02 (results) | $15.77 |
| Aug 7, 2024 | 8-K Item 2.02 (results) | — |
| May 7, 2024 | 8-K Item 2.02 (results) | — |
| Mar 12, 2024 | 8-K Item 2.02 (results) | — |
| Nov 8, 2023 | 8-K Item 2.02 (results) | — |
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 16, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.