REFI: Chicago Atlantic Real Estate Finance Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Chicago Atlantic Real Estate Finance Inc (REFI).
$302.76M Market Cap.
REFI Market Cap. (MRY)
REFI Shares Outstanding (MRY)
REFI Assets (MRY)
Total Assets
$435.15M
Total Liabilities
$126.19M
Total Investments
$403.47M
REFI Income (MRY)
Revenue
$54.95M
Net Income
$37.05M
Operating Expense
$9.68M
REFI Cash Flow (MRY)
CF Operations
$23.16M
CF Investing
-$39.30M
CF Financing
$34.64M
REFI Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $435,148,974 (21.14%) | $359,225,597 (4.65%) | $343,271,050 (23.40%) | $278,170,455 |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Shareholders Equity | $308,958,097 (13.65%) | $271,853,391 (2.96%) | $264,033,023 (-0.02%) | $264,077,968 |
Property Plant & Equipment Net | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Cash & Equivalents | $26,400,448 (234.27%) | $7,898,040 (38.18%) | $5,715,827 (-92.88%) | $80,248,526 |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Total Investments | $403,465,177 (15.44%) | $349,510,232 (4.23%) | $335,332,599 (70.35%) | $196,850,024 |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Trade & Non-Trade Receivables | $3,370,339 (3043.24%) | $107,225 (0%) | $0 (0%) | $0 |
Trade & Non-Trade Payables | $7,191,596 (11.83%) | $6,430,661 (11.81%) | $5,751,243 (97.09%) | $2,918,010 |
Accumulated Retained Earnings (Deficit) | -$10,136,963 (-74.42%) | -$5,811,673 (-13.07%) | -$5,139,684 (-2794.62%) | -$177,560 |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Total Debt | $104,096,250 (57.72%) | $66,000,000 (13.79%) | $58,000,000 (0%) | $0 |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $126,190,877 (44.43%) | $87,372,206 (10.27%) | $79,238,027 (462.27%) | $14,092,487 |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
REFI Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $54,950,885 (-3.84%) | $57,147,096 (16.97%) | $48,857,628 (341.15%) | $11,075,116 |
Cost of Revenue | $8,061,896 (-8.21%) | $8,782,834 (33.84%) | $6,562,087 (624.99%) | $905,123 |
Selling General & Administrative Expense | $5,388,967 (2.45%) | $5,260,287 (49.09%) | $3,528,322 (1708.59%) | $195,087 |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Operating Expenses | $9,675,410 (-1.62%) | $9,834,407 (-1.69%) | $10,003,064 (1573.60%) | $597,696 |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Consolidated Income | $37,045,403 (-4.30%) | $38,710,248 (19.87%) | $32,292,477 (240.05%) | $9,496,436 |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Net Income | $37,045,403 (-4.30%) | $38,710,248 (19.87%) | $32,292,477 (240.05%) | $9,496,436 |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Net Income Common Stock | $37,045,403 (-4.30%) | $38,710,248 (19.87%) | $32,292,477 (240.05%) | $9,496,436 |
Weighted Average Shares | $19,279,501 (6.60%) | $18,085,088 (2.44%) | $17,653,765 (174.00%) | $6,442,865 |
Weighted Average Shares Diluted | $19,713,916 (7.47%) | $18,343,725 (3.37%) | $17,746,214 (175.12%) | $6,450,383 |
Earning Before Interest & Taxes (EBIT) | $37,045,403 (-4.30%) | $38,710,248 (19.87%) | $32,292,477 (240.05%) | $9,496,436 |
Gross Profit | $46,888,989 (-3.05%) | $48,364,262 (14.35%) | $42,295,541 (315.89%) | $10,169,993 |
Operating Income | $37,213,579 (-3.42%) | $38,529,855 (19.32%) | $32,292,477 (237.35%) | $9,572,297 |
REFI Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$39,296,863 (-1940.95%) | -$1,925,416 (98.46%) | -$125,244,044 (13.76%) | -$145,221,676 |
Net Cash Flow from Financing | $34,639,895 (242.50%) | -$24,308,830 (-172.12%) | $33,706,190 (-84.60%) | $218,800,765 |
Net Cash Flow from Operations | $23,159,376 (-18.50%) | $28,416,459 (67.10%) | $17,005,155 (154.97%) | $6,669,437 |
Net Cash Flow / Change in Cash & Cash Equivalents | $18,502,408 (747.87%) | $2,182,213 (102.93%) | -$74,532,699 (-192.88%) | $80,248,526 |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Net Cash Flow - Investment Acquisitions and Disposals | -$39,296,863 (-1940.95%) | -$1,925,416 (98.46%) | -$125,244,044 (13.76%) | -$145,221,676 |
Capital Expenditure | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Issuance (Repayment) of Debt Securities | $37,900,769 (380.50%) | $7,887,721 (-86.28%) | $57,498,960 (6191.75%) | -$943,883 |
Issuance (Purchase) of Equity Shares | $39,591,879 (448.18%) | $7,222,363 (60.30%) | $4,505,664 (-98.01%) | $226,031,597 |
Payment of Dividends & Other Cash Distributions | -$41,632,363 (-6.38%) | -$39,134,340 (-38.90%) | -$28,173,934 (-448.55%) | -$5,136,072 |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
Share Based Compensation | $3,058,674 (106.70%) | $1,479,736 (239.68%) | $435,623 (1371.15%) | $29,611 |
Depreciation Amortization & Accretion | $0 (0%) | $0 (0%) | $0 (0%) | $0 |
REFI Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 85.30% (0.83%) | 84.60% (-2.31%) | 86.60% (-5.66%) | 91.80% |
Profit Margin | 67.40% (-0.44%) | 67.70% (2.42%) | 66.10% (-22.87%) | 85.70% |
EBITDA Margin | 67.40% (-0.44%) | 67.70% (2.42%) | 66.10% (-22.87%) | 85.70% |
Return on Average Equity (ROAE) | 12.50% (-11.97%) | 14.20% (18.33%) | 12.00% | - |
Return on Average Assets (ROAA) | 9.40% (-16.81%) | 11.30% (14.14%) | 9.90% | - |
Return on Sales (ROS) | 67.40% (-0.44%) | 67.70% (2.42%) | 66.10% (-22.87%) | 85.70% |
Return on Invested Capital (ROIC) | 8.10% (-19.80%) | 10.10% (12.22%) | 9.00% | - |
Dividend Yield | 13.40% (0.00%) | 13.40% (-3.60%) | 13.90% (768.75%) | 1.60% |
Price to Earnings Ratio (P/E) | 8.03 (6.22%) | 7.56 (-8.18%) | 8.23 (-27.30%) | 11.33 |
Price to Sales Ratio (P/S) | 5.41 (5.66%) | 5.12 (-5.97%) | 5.45 (-43.78%) | 9.69 |
Price to Book Ratio (P/B) | 0.98 (-9.43%) | 1.08 (7.34%) | 1.01 (-8.20%) | 1.1 |
Debt to Equity Ratio (D/E) | 0.41 (27.10%) | 0.32 (7.00%) | 0.3 (466.04%) | 0.05 |
Earnings Per Share (EPS) | 1.92 (-10.28%) | 2.14 (16.94%) | 1.83 (24.49%) | 1.47 |
Sales Per Share (SPS) | 2.85 (-9.81%) | 3.16 (14.16%) | 2.77 (61.02%) | 1.72 |
Free Cash Flow Per Share (FCFPS) | 1.2 (-23.55%) | 1.57 (63.14%) | 0.96 (-6.96%) | 1.03 |
Book Value Per Share (BVPS) | 16.02 (6.61%) | 15.03 (0.51%) | 14.96 (-63.51%) | 40.99 |
Tangible Assets Book Value Per Share (TABVPS) | 22.57 (13.63%) | 19.86 (2.15%) | 19.45 (-54.96%) | 43.17 |
Enterprise Value Over EBIT (EV/EBIT) | 9 (0.00%) | 9 (-10.00%) | 10 (-66.67%) | 30 |
Enterprise Value Over EBITDA (EV/EBITDA) | 9.45 (4.95%) | 9 (-6.16%) | 9.59 (-67.61%) | 29.61 |
Asset Turnover | 0.14 (-16.17%) | 0.17 (11.33%) | 0.15 | - |
Current Ratio | - | - | - | - |
Dividends | $2.06 (-5.07%) | $2.17 (3.33%) | $2.1 (707.69%) | $0.26 |
Free Cash Flow (FCF) | $23,159,376 (-18.50%) | $28,416,459 (67.10%) | $17,005,155 (154.97%) | $6,669,437 |
Enterprise Value (EV) | $350,003,279 (0.44%) | $348,486,502 (12.50%) | $309,773,219 (10.15%) | $281,230,713 |
Earnings Before Tax (EBT) | $37,045,403 (-4.30%) | $38,710,248 (19.87%) | $32,292,477 (240.05%) | $9,496,436 |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $37,045,403 (-4.30%) | $38,710,248 (19.87%) | $32,292,477 (240.05%) | $9,496,436 |
Invested Capital | $512,844,776 (22.89%) | $417,327,557 (5.50%) | $395,555,223 (99.85%) | $197,921,929 |
Working Capital | - | - | - | - |
Tangible Asset Value | $435,148,974 (21.14%) | $359,225,597 (4.65%) | $343,271,050 (23.40%) | $278,170,455 |
Market Capitalization | $302,763,712 (2.91%) | $294,188,659 (10.55%) | $266,104,749 (-8.23%) | $289,972,620 |
Average Equity | $295,777,634 (8.20%) | $273,362,996 (1.98%) | $268,049,461 | - |
Average Assets | $392,801,737 (15.11%) | $341,243,420 (4.42%) | $326,803,383 | - |
Invested Capital Average | $460,041,830 (19.86%) | $383,802,973 (6.95%) | $358,866,225 | - |
Shares | 19,634,482 (7.99%) | 18,182,241 (2.97%) | 17,657,913 (1.39%) | 17,415,773 |
