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Chicago Atlantic Real Estate Finance (NAS:REFI) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Chicago Atlantic Real Estate Finance Pretax Margin % Related Terms
Chicago Atlantic Real Estate Finance Pretax Margin % Historical Data
* 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 Pretax Margin % Chart
Chicago Atlantic Real Estate Finance Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Pretax Margin %
0.00
66.09
67.52
67.62
64.82
Chicago Atlantic Real Estate Finance Quarterly Data
REFI vs ACRE, RC, MITT: Pretax Margin % Comparison
For the REIT - Mortgage subindustry, Chicago Atlantic Real Estate Finance's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry
* 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 (REFI) has a Pretax Margin % of 37.47% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Chicago Atlantic Real Estate Finance and its competitors. This is 44% below median its historical median of 66.81. Over the past decade, Chicago Atlantic Real Estate Finance's Pretax Margin % has ranged from 55.58 to 67.62. According to the industry distribution chart, Chicago Atlantic Real Estate Finance ranks #402 out of 915 companies in the REITs industry, placing it in the top 43.9%.
Is Chicago Atlantic Real Estate Finance's Pretax Margin % too high?
Chicago Atlantic Real Estate Finance's current Pretax Margin % of 37.47% is 44% below median its 10-year median of 66.81. Over the past 10 years, this metric has ranged from a low of 55.58 to a high of 67.62. The REITs industry median Pretax Margin % is 47.34. Chicago Atlantic Real Estate Finance's value of 37.47% is 20.8% below this industry median. Based on the distribution chart, Chicago Atlantic Real Estate Finance ranks #402 out of 915 companies in the REITs industry, which is above 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 Pretax Margin % compare to ACRE and RC?
According to the REITs industry distribution chart, Chicago Atlantic Real Estate Finance ranks #402 out of 915 companies for Pretax Margin %. This puts Chicago Atlantic Real Estate Finance in the upper half of its industry. The industry median Pretax Margin % is 47.34. Chicago Atlantic Real Estate Finance's value of 37.47% is 20.8% below this benchmark. Historically, Chicago Atlantic Real Estate Finance's own Pretax Margin % has ranged from 55.58 to 67.62 over the past decade. While the company's 10-year median is 66.81 vs. the industry median of 47.34, Chicago Atlantic Real Estate Finance has consistently been below 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 47.34, based on 915 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chicago Atlantic Real Estate Finance's current Pretax Margin % of 37.47% is 20.8% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Chicago Atlantic Real Estate Finance and its competitors. For the REITs industry, the median Pretax Margin % is 47.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chicago Atlantic Real Estate Finance's current Pretax Margin % is 37.47%, which is 44% below median its own 10-year median of 66.81. 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 $9.99 — trading 27.3% below its estimated fair value. The current Pretax Margin % is 37.47%, which is 44% below median its 10-year median of 66.81 and 20.8% below the REITs industry median of 47.34. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Chicago Atlantic Real Estate Finance (REFI), the current Pretax Margin % is 37.47% 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 $9.99 is trading 27.3% below its estimated GF Value™ of $13.73.
GuruFocus considers Chicago Atlantic Real Estate Finance to be Modestly Undervalued.
Key valuation signals for REFI:
Pretax Margin %: 37.47% (44% below median its 10-year median of 66.81)
GF Value™: $13.73 vs. price of $9.99 (27.3% below fair value)
Industry Position: 20.8% below the REITs median (#402 of 915)
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 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
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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