Oppenheimer Lowers Chicago Atlantic Real Estate Finance, Inc. (REFI) from Outperform to Perform

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is one of the 11 Best Marijuana Stocks to Buy Right Now.

On March 16, 2026, Oppenheimer lowered Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) to Perform from Outperform.

On March 12, 2026, Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) announced fourth-quarter and full-year 2025 results. The company noted strong portfolio expansion led by new originations. Co-CEO Peter Sack stated that the corporation maintained tight underwriting and shielded over 90% of its portfolio from interest rate reductions using fixed or variable rates with floors. The firm made $51.1 million in new loans and received $40.4 million in repayments from January 1 to March 12, 2026. The firm reported $98.4 million in drawn leverage at the end of the year and roughly $50.0 million in total liquidity as of March 12, 2026. The company expects a dividend payout ratio of 90% to 100% of distributable earnings in 2026. The firm has stated that it may declare a special dividend in the fourth quarter to meet taxable income distribution obligations.

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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) is a market-leading commercial mortgage REIT that uses extensive real estate, credit, and cannabis experience to originate senior secured loans primarily to state-licensed cannabis businesses in limited-license states across the United States.

While we acknowledge the risk and potential of REFI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than REFI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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