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This Cannabis REIT Offers 13%+ Yield, Safer Returns Than Fed-Backed Bonds

Benzinga ·  Dec 9, 2024 13:15

Chicago Atlantic REFI(NASDAQ:REFI) stands out in the cannabis finance sector, receiving an "Overweight" rating from senior analystPablo ZuanicatZuanic & Associates. With a near 14% dividend yield, REFI offers an attractive, less volatile way to gain exposure to the cannabis market.

The company's loan portfolio boasts a yield to maturity (YTM) of over 18%, indicating the potential average annual return from its loans if held until repayment. Furthermore, with 4.6% of loans in non-accrual status—meaning borrowers have stopped making payments—REFI demonstrates robust risk management.

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