AFCG
Advanced Flower Capital Inc.
REIT - Specialty
Market Cap$65M
5Y Perf.-82.2%
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Stock Comparison
AFCG vs REFI
Revenue, margins, valuation, and 5-year total return — side by side.
REFI
Chicago Atlantic Real Estate Finance, Inc.
REIT - Mortgage
Market Cap$258M
5Y Perf.-26.4%
AFCG vs REFI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | AFCG | REFI |
|---|---|---|
| Industry | REIT - Specialty | REIT - Mortgage |
| Market Cap | $65M | $258M |
| Revenue (TTM) | $2M | $41M |
| Net Income (TTM) | $-21M | $36.01B |
| Gross Margin | 66.0% | 100.0% |
| Operating Margin | -393.9% | — |
| Forward P/E | — | 6.8x |
| Total Debt | $76M | $49.33B |
| Cash & Equiv. | $39M | $14.95B |
AFCG vs REFI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
AFCG
REFI
| Stock | Dec 21 | May 26 | Return |
|---|---|---|---|
| Advanced Flower Cap… (AFCG) | 100 | 17.8 | -82.2% |
| Chicago Atlantic Re… (REFI) | 100 | 73.6 | -26.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AFCG vs REFI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: REFI leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Advanced Flower Capital Inc. is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
AFCG
Advanced Flower Capital Inc.
The Real Estate Income Play
AFCG is the clearest fit if your priority is growth exposure.
- Rev growth -39.6%, EPS growth -218.8%, 3Y rev CAGR -24.1%
- -39.6% FFO/revenue growth vs REFI's -100.0%
Best for: growth exposure
REFI
Chicago Atlantic Real Estate Finance, Inc.
The Real Estate Income Play
REFI carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 0.69, yield 100.0%
- 28.5% 10Y total return vs AFCG's -44.4%
- Lower volatility, beta 0.69, Low D/E 16.0%, current ratio 0.40x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | AFCG | -39.6% FFO/revenue growth vs REFI's -100.0% |
| Value | REFI | Better valuation composite |
| Quality / Margins | REFI | 871.6% margin vs AFCG's -9.8% |
| Stability / Safety | REFI | Beta 0.69 vs AFCG's 1.86, lower leverage |
| Dividends | REFI | 100.0% yield, 1-year raise streak, vs AFCG's 31.3% |
| Momentum (1Y) | REFI | -3.2% vs AFCG's -41.2% |
| Efficiency (ROA) | REFI | 33.8% ROA vs AFCG's -7.0% |
AFCG vs REFI — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLREFILAGGINGAFCG
AFCGAdvanced Flower Capit…
1leads
REFIChicago Atlantic Real…
5leads
6 Total Categories
CATEGORYLEADERvs AFCGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
AFCG3/5
Valuation MetricsMultiples, price ratios, and targets
REFI2/3
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
REFI3/5
Total Returns1Y, 3Y, 5Y total returns with dividends
REFI6/6
Risk & VolatilityBeta, volatility, and downside exposure
REFI2/2
Analyst OutlookRatings, price targets, and dividends
REFI2/2
Income & Cash Flow (Last 12 Months)
AFCG leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
REFI is the larger business by revenue, generating $41M annually — 19.6x AFCG's $2M. REFI is the more profitable business, keeping 871.6% of every revenue dollar as net income compared to AFCG's -9.8%. On growth, AFCG holds the edge at +185.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | AFCGAdvanced Flower C… | REFIChicago Atlantic … |
|---|---|---|
| RevenueTrailing 12 months | $2M | $41M |
| EBITDAEarnings before interest/tax | -$15M | $0 |
| Net IncomeAfter-tax profit | -$21M | $36.0B |
| Free Cash FlowCash after capex | $11M | -$15.2B |
| Gross MarginGross profit ÷ Revenue | +66.0% | +100.0% |
| Operating MarginEBIT ÷ Revenue | -3.9% | — |
| Net MarginNet income ÷ Revenue | -9.8% | +871.6% |
| FCF MarginFCF ÷ Revenue | +5.3% | -366.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +185.4% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +174.7% | -2.6% |
AFCG leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
REFI leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | AFCGAdvanced Flower C… | REFIChicago Atlantic … |
|---|---|---|
| Market CapShares × price | $65M | $258M |
| Enterprise ValueMkt cap + debt − cash | $103M | $34.6B |
| Trailing P/EPrice ÷ TTM EPS | -2.92x | 7.29x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 6.76x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 2.08x | — |
| Price / BookPrice ÷ Book value/share | 0.35x | 0.00x |
| Price / FCFMarket cap ÷ FCF | 5.80x | 0.01x |
REFI leads this category, winning 2 of 3 comparable metrics.
Profitability & Efficiency
REFI leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
REFI delivers a 46.7% return on equity — every $100 of shareholder capital generates $47 in annual profit, vs $-11 for AFCG. REFI carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to AFCG's 0.43x.
| Metric | AFCGAdvanced Flower C… | REFIChicago Atlantic … |
|---|---|---|
| ROE (TTM)Return on equity | -11.3% | +46.7% |
| ROA (TTM)Return on assets | -7.0% | +33.8% |
| ROICReturn on invested capital | -4.1% | — |
| ROCEReturn on capital employed | -5.6% | — |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 0.43x | 0.16x |
| Net DebtTotal debt minus cash | $38M | $34.4B |
| Cash & Equiv.Liquid assets | $39M | $14.9B |
| Total DebtShort + long-term debt | $76M | $49.3B |
| Interest CoverageEBIT ÷ Interest expense | -2.02x | — |
REFI leads this category, winning 3 of 5 comparable metrics.
Total Returns (Dividends Reinvested)
REFI leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in REFI five years ago would be worth $12,850 today (with dividends reinvested), compared to $5,497 for AFCG. Over the past 12 months, REFI leads with a -3.2% total return vs AFCG's -41.2%. The 3-year compound annual growth rate (CAGR) favors REFI at 9.2% vs AFCG's -8.9% — a key indicator of consistent wealth creation.
| Metric | AFCGAdvanced Flower C… | REFIChicago Atlantic … |
|---|---|---|
| YTD ReturnYear-to-date | -1.1% | +3.8% |
| 1-Year ReturnPast 12 months | -41.2% | -3.2% |
| 3-Year ReturnCumulative with dividends | -24.4% | +30.2% |
| 5-Year ReturnCumulative with dividends | -45.0% | +28.5% |
| 10-Year ReturnCumulative with dividends | -44.4% | +28.5% |
| CAGR (3Y)Annualised 3-year return | -8.9% | +9.2% |
REFI leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
REFI leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
REFI is the less volatile stock with a 0.69 beta — it tends to amplify market swings less than AFCG's 1.86 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. REFI currently trades 80.6% from its 52-week high vs AFCG's 47.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | AFCGAdvanced Flower C… | REFIChicago Atlantic … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.86x | 0.69x |
| 52-Week HighHighest price in past year | $5.87 | $15.20 |
| 52-Week LowLowest price in past year | $2.06 | $10.74 |
| % of 52W HighCurrent price vs 52-week peak | +47.2% | +80.6% |
| RSI (14)Momentum oscillator 0–100 | 53.1 | 58.1 |
| Avg Volume (50D)Average daily shares traded | 218K | 163K |
REFI leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
REFI leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
For income investors, REFI offers the higher dividend yield at 100.00% vs AFCG's 31.34%.
| Metric | AFCGAdvanced Flower C… | REFIChicago Atlantic … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $14.00 |
| # AnalystsCovering analysts | — | 6 |
| Dividend YieldAnnual dividend ÷ price | +31.3% | +100.0% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.87 | $2045.71 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
REFI leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
REFI leads in 5 of 6 categories (Valuation Metrics, Profitability & Efficiency). AFCG leads in 1 (Income & Cash Flow).
Best OverallChicago Atlantic Real Estat… (REFI)Leads 5 of 6 categories
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AFCG vs REFI: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is AFCG or REFI a better buy right now?
For growth investors, Advanced Flower Capital Inc.
(AFCG) is the stronger pick with -39. 6% revenue growth year-over-year, versus -100. 0% for Chicago Atlantic Real Estate Finance, Inc. (REFI). Chicago Atlantic Real Estate Finance, Inc. (REFI) offers the better valuation at 7. 3x trailing P/E (6. 8x forward), making it the more compelling value choice. Analysts rate Chicago Atlantic Real Estate Finance, Inc. (REFI) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — AFCG or REFI?
Over the past 5 years, Chicago Atlantic Real Estate Finance, Inc.
(REFI) delivered a total return of +28. 5%, compared to -45. 0% for Advanced Flower Capital Inc. (AFCG). Over 10 years, the gap is even starker: REFI returned +28. 5% versus AFCG's -44. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — AFCG or REFI?
By beta (market sensitivity over 5 years), Chicago Atlantic Real Estate Finance, Inc.
(REFI) is the lower-risk stock at 0. 69β versus Advanced Flower Capital Inc. 's 1. 86β — meaning AFCG is approximately 171% more volatile than REFI relative to the S&P 500. On balance sheet safety, Chicago Atlantic Real Estate Finance, Inc. (REFI) carries a lower debt/equity ratio of 16% versus 43% for Advanced Flower Capital Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — AFCG or REFI?
By revenue growth (latest reported year), Advanced Flower Capital Inc.
(AFCG) is pulling ahead at -39. 6% versus -100. 0% for Chicago Atlantic Real Estate Finance, Inc. (REFI). On earnings-per-share growth, the picture is similar: Chicago Atlantic Real Estate Finance, Inc. grew EPS -10. 6% year-over-year, compared to -218. 8% for Advanced Flower Capital Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — AFCG or REFI?
Chicago Atlantic Real Estate Finance, Inc.
(REFI) is the more profitable company, earning 871. 6% net margin versus -66. 0% for Advanced Flower Capital Inc. — meaning it keeps 871. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: REFI leads at 0. 0% versus -43. 6% for AFCG. At the gross margin level — before operating expenses — REFI leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — AFCG or REFI?
All stocks in this comparison pay dividends.
Chicago Atlantic Real Estate Finance, Inc. (REFI) offers the highest yield at 100. 0%, versus 31. 3% for Advanced Flower Capital Inc. (AFCG).
07Is AFCG or REFI better for a retirement portfolio?
For long-horizon retirement investors, Chicago Atlantic Real Estate Finance, Inc.
(REFI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 69), 100. 0% yield). Advanced Flower Capital Inc. (AFCG) carries a higher beta of 1. 86 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (REFI: +28. 5%, AFCG: -44. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between AFCG and REFI?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AFCG is a small-cap income-oriented stock; REFI is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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