What does management and incentive fees mean?

These are fees paid to external managers or advisors for managing the company's investment portfolio and achieving performance targets. This expense is typical for externally managed REITs and investment vehicles.

Chicago Atlantic Real Estate Finance REFI Management and incentive fees

Management and incentive fees at other companies

Starfighters Space, Inc. FJET

-$347.41K-563%

FIP

FTAI Infrastructure Inc.FIP

$4.09M+61.0%

Chicago Atlantic Real Estate FinanceREFI

$1.72M-0.9%

Oaktree Specialty LendingOCSL

$7.11M-5.4%

BNC

CEA Industries Inc. Common StockBNC

$5.01M—

Idaho Strategic ResourcesIDR

$189.64K-28.4%

Other financials

Income statement

See full

Revenue$15.2M+0.4%

Net income$4.8M-51.8%

EPS (diluted)$0.23-51.1%

Balance sheet

See full

Cash & equivalents$27.9M+182%

Total debt$49.4M+0.5%

Total equity$303.4M-2.4%

Total assets$435.9M+5.1%

Cash flow

See full

Operating cash flow$3.2M-58.5%

CapEx$10.1M+2.8%

Free cash flow-$6.9M-216%

Valuation

See full

Market cap$249.3M-8.5%

Enterprise value$270.84M-5.3%

P/E8.1×+0.9×

P/S4×-0.3×

Profitability

See full

Net margin48.9%-13.1pp

FCF margin20.5%—

Returns & leverage

See full

Return on equity10%-2.8pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Chicago Atlantic Real Estate Finance in its filing.

Tagged under the XBRL concept us-gaap:ManagementAndIncentiveFeesExpense.

The official record: Chicago Atlantic Real Estate Finance’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chicago Atlantic Real Estate Finance's management and incentive fees?: Chicago Atlantic Real Estate Finance (REFI) reported management and incentive fees of $1.72M in Q1 2026.
How has Chicago Atlantic Real Estate Finance's management and incentive fees changed year-over-year?: Chicago Atlantic Real Estate Finance's management and incentive fees decreased by 0.9% year-over-year, from $1.74M to $1.72M.
What does management and incentive fees mean?: These are fees paid to external managers or advisors for managing the company's investment portfolio and achieving performance targets. This expense is typical for externally managed REITs and investment vehicles.