REFI (Chicago Atlantic Real Estate Finance) Dividend Payout Ratio: 2.04 (As of Mar. 2026) — 104% Above Median

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REFI Chicago Atlantic Real Estate Finance Inc REFI
46 GF Score
Price $10.00
GF Value $13.73
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Chicago Atlantic Real Estate Finance Dividend Payout Ratio?

Chicago Atlantic Real Estate Finance REFI +1.01% 46 Dividend Payout Ratio is 2.04 as of Mar. 2026, which is 104% above its 10-year median of 1.00. GuruFocus rates REFI with a GF Score™ of 46/100 and a GF Value™ of $13.73 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 703 REITs companies, Chicago Atlantic Real Estate Finance ranks worse than 69.56% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Chicago Atlantic Real Estate Finance's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.04.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Chicago Atlantic Real Estate Finance Inc is 1.31, which seems too high.

The historical rank and industry rank for Chicago Atlantic Real Estate Finance's Dividend Payout Ratio or its related term are showing as below:

REFI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1   Max: 1.31
Current: 1.31

During the past 5 years, the highest Dividend Payout Ratio of Chicago Atlantic Real Estate Finance was 1.31. The lowest was 0.89. And the median was 1.00.

REFI's Dividend Payout Ratio is ranked worse than
69.56% of 703 companies
in the REITs industry
Industry Median: 0.99 vs REFI: 1.31

As of today (2026-08-04), the Dividend Yield % of Chicago Atlantic Real Estate Finance is 18.80%.

During the past 5 years, the highest Trailing Annual Dividend Yield of Chicago Atlantic Real Estate Finance was 19.26%. The lowest was 3.63%. And the median was 12.27%.

Chicago Atlantic Real Estate Finance's Dividends per Share for the months ended in Mar. 2026 was $0.47.

During the past 3 years, the average Dividends Per Share Growth Rate was 1.30% per year.

During the past 5 years, the highest 3-Year average Dividends Per Share Growth Rate of Chicago Atlantic Real Estate Finance was 1.30% per year. The lowest was 1.30% per year. And the median was 1.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Chicago Atlantic Real Estate Finance (NAS:REFI) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Chicago Atlantic Real Estate Finance Dividend Payout Ratio Related Terms

Chicago Atlantic Real Estate Finance Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Chicago Atlantic Real Estate Finance's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chicago Atlantic Real Estate Finance Dividend Payout Ratio Chart

Chicago Atlantic Real Estate Finance Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
0.00 1.00 0.89 1.00 1.12

Chicago Atlantic Real Estate Finance Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.15 1.12 1.24 2.04

REFI vs ACRE, RC, MITT: Dividend Payout Ratio Comparison

For the REIT - Mortgage subindustry, Chicago Atlantic Real Estate Finance's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chicago Atlantic Real Estate Finance Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Chicago Atlantic Real Estate Finance's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Chicago Atlantic Real Estate Finance's Dividend Payout Ratio falls into.


REFI
46GF Score
Chicago Atlantic Real Estate Finance Inc REFI
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chicago Atlantic Real Estate Finance Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Chicago Atlantic Real Estate Finance's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.88/ 1.68
=1.12

Chicago Atlantic Real Estate Finance's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.47/ 0.23
=2.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 2.04 mean?
Chicago Atlantic Real Estate Finance (REFI) has a Dividend Payout Ratio of 2.04 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Chicago Atlantic Real Estate Finance and its competitors. This is 104% above median its historical median of 1.00. Over the past decade, Chicago Atlantic Real Estate Finance's Dividend Payout Ratio has ranged from 0.89 to 1.31. According to the industry distribution chart, Chicago Atlantic Real Estate Finance ranks #489 out of 703 companies in the REITs industry, placing it in the top 69.6%.
Is Chicago Atlantic Real Estate Finance's Dividend Payout Ratio too high?
Chicago Atlantic Real Estate Finance's current Dividend Payout Ratio of 2.04 is 104% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.31. The REITs industry median Dividend Payout Ratio is 0.99. Chicago Atlantic Real Estate Finance's value of 2.04 is 106.1% above this industry median. Based on the distribution chart, Chicago Atlantic Real Estate Finance ranks #489 out of 703 companies in the REITs industry, which is below the industry midpoint. Overall, Chicago Atlantic Real Estate Finance has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chicago Atlantic Real Estate Finance's Dividend Payout Ratio compare to ACRE and RC?
According to the REITs industry distribution chart, Chicago Atlantic Real Estate Finance ranks #489 out of 703 companies for Dividend Payout Ratio. This places Chicago Atlantic Real Estate Finance in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Chicago Atlantic Real Estate Finance's value of 2.04 is 106.1% above this benchmark. Historically, Chicago Atlantic Real Estate Finance's own Dividend Payout Ratio has ranged from 0.89 to 1.31 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.99, Chicago Atlantic Real Estate Finance has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 703 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chicago Atlantic Real Estate Finance's current Dividend Payout Ratio of 2.04 is 106.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Chicago Atlantic Real Estate Finance and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chicago Atlantic Real Estate Finance's current Dividend Payout Ratio is 2.04, which is 104% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chicago Atlantic Real Estate Finance stock overvalued right now?
Based on GuruFocus' analysis, Chicago Atlantic Real Estate Finance (REFI) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.73, compared to a current price of $10.00 — trading 27.2% below its estimated fair value. The current Dividend Payout Ratio is 2.04, which is 104% above median its 10-year median of 1.00 and 106.1% above the REITs industry median of 0.99. Chicago Atlantic Real Estate Finance's overall GF Score™ is 46/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Chicago Atlantic Real Estate Finance (REFI), the current Dividend Payout Ratio is 2.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Chicago Atlantic Real Estate Finance (REFI) Overvalued in 2026?

Based on GuruFocus' analysis, Chicago Atlantic Real Estate Finance stock appears to be undervalued. The current stock price of $10.00 is trading 27.2% below its estimated GF Value™ of $13.73. GuruFocus considers Chicago Atlantic Real Estate Finance to be Modestly Undervalued.

Key valuation signals for REFI:

  • Dividend Payout Ratio: 2.04 (104% above median its 10-year median of 1.00)
  • GF Value™: $13.73 vs. price of $10.00 (27.2% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 106.1% above the REITs median (#489 of 703)

No single metric tells the full story. See the REFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chicago Atlantic Real Estate Finance Business Description

Industry Real EstateREITs
Address 1680 Michigan Avenue, Suite 700, Miami Beach, FL, USA, 33139
Chicago Atlantic Real Estate Finance Inc is engaged in a commercial real estate finance company. The Company operates as one operating segment, and its primary investment objective is to provide attractive, risk-adjusted returns for stockholders over time, mainly through consistent current income (dividends and distributions) and secondarily, through capital appreciation. The company operates mainly within the USA itself.
46GF Score

Get the complete analysis for REFI

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.00
Price
$13.73
GF Value