Image Source: PixabayChicago Atlantic Real Estate Finance Inc (REFI) is engaged in a commercial real estate finance company.Its primary investment objective is to provide attractive risk-adjusted returns for stockholders over time, through consistent current income dividends and other distributions and secondarily through capital appreciation.Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry. The company has elected to be taxed as a real estate investment trust, or REIT. Chicago Atlantic Real Estate Finance, Inc. was incorporated in 2021 and is headquartered in Chicago, Illinois.Three key data points gauge Chicago Atlantic Real Estate Finance, Inc. or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.REFI PriceREFI’s share price rose 2.6% in the past year from $15.81 to $16.22 as of Thursday’s market close.In the past 3 years, the company’s share price has rarely been less than $13.00 nor more than $20.30. Its all-time high of $20.29 came in February 2022.If shares trade in the range of $15.00 to $19.00 this next year, the recent $16.22 share price might grow to $18.00. Of course, REFI shares could also drop about the same $1.78 estimated amount or more.My $1.78 price upside estimate is about $0.40 under the median of one-year target prices projected by five analysts tracking REFI for brokers.REFI DividendChicago Atlantic Real Estate Finance, Inc. has paid variable quarterly dividends since January 2022. The company’s most recent Q dividend of $0.47 was declared on September 16th for shareholders of record on September 30th with a payout on October 15th.The forward-looking annual dividend of $1.88 yields 11.59% per Thursday’s closing price.REFI ReturnsPutting it all together, a $3.66 estimated annual gross gain per share shows up by adding REFI’s annual $1.88 dividend to the estimated price upside of $1.78, totaling that $3.66 gross gain.A little over $1000 buys 62 shares at Friday’s $16.22 share price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.16 per share out of the $3.66 gross gain to give us a net gain of $3.50 X 62 shares = $217.00 for about a 21.5% estimated net gain for the year.Furthermore, the $115.90 annual estimated dividend paid from $1k invested in REFI is over 13 times greater than the $16.22 single share price. By these numbers, REFI may be an ideal financial dividend dog.Therefore, you might choose to pounce on Chicago Atlantic Real Estate Finance, Inc. It is a 3-year-old Quarterly dividend-paying real estate investment trust with a 2-year dividend record.The exact track of REFI’s future price and dividend will be entirely determined by market action and company finances.Remember the best measure of stock value is through direct ownership of shares.More By This Author:Current Report: MidCap Financial
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