This article first appeared on GuruFocus.

Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI) is set to release its Q3 2025 earnings on Nov 4, 2025. The consensus estimate for Q3 2025 revenue is $15.18 million, and the earnings are expected to come in at $0.46 per share. The full year 2025's revenue is expected to be $60.67 million and the earnings are expected to be $1.82 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 4 Warning Sign with REFI.

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Over the past 90 days, revenue estimates for Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI) have declined from $64.57 million to $60.67 million for the full year 2025 and from $67.53 million to $63.55 million for 2026. Similarly, earnings estimates have decreased from $1.87 per share to $1.82 per share for 2025 and from $1.92 per share to $1.83 per share for 2026.

In the previous quarter ending 2025-06-30, Chicago Atlantic Real Estate Finance Inc's (NASDAQ:REFI) actual revenue was $16.50 million, which beat analysts' revenue expectations of $15.47 million by 6.67%. Chicago Atlantic Real Estate Finance Inc's (NASDAQ:REFI) actual earnings were $0.41 per share, which missed analysts' earnings expectations of $0.44 per share by -7.45%. After releasing the results, Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI) was up by 2.72% in one day.

Based on the one-year price targets offered by 4 analysts, the average target price for Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI) is $17.63 with a high estimate of $20.00 and a low estimate of $14.50. The average target implies an upside of 37% from the current price of $12.87.

Based on GuruFocus estimates, the estimated GF Value for Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI) in one year is $15.37, suggesting an upside of 19.47% from the current price of $12.87.

Based on the consensus recommendation from 5 brokerage firms, Chicago Atlantic Real Estate Finance Inc's (NASDAQ:REFI) average brokerage recommendation is currently 2.0, indicating an \\"Outperform\\" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.