Is RC or REFI more undervalued in 2026?

CirclFi compares Ready Capital Corporation (RC) and Chicago Atlantic Real Estate Fi (REFI) using 13 institutional-grade valuation models. RC has a Quality of Company score of 5.9/10 while REFI scores 8.7/10.

Which is a better buy — RC or REFI?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do RC and REFI valuations compare?

RC at $1.78 and REFI at $11.37 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

RC vs REFI Valuation Comparison 2026 — Intrinsic Value Analysis

RC

Real Estate Investment Trusts

Ready Capital Corporation

Quality

5.9

out of 10

Value Trap

LOW

Price

$1.78

Last close

Models

4/13

Active

REFI

Real Estate Investment Trusts

Chicago Atlantic Real Estate Fi

Quality

8.7

out of 10

Value Trap

SAFE

Price

$11.37

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	RC Fair Value	RC Upside	REFI Fair Value	REFI Upside
Bayesian DCF	Intrinsic	—	—	$20.10	+76.7%
Earnings Power Value	Intrinsic	—	—	$12.74	+12.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$3.58	+101.0%	—	—
ML-RIV	Intrinsic	$1.77	-4.3%	$36.15	+218.0%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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RC vs REFI — Which Stock Is More Undervalued?

REFI scores higher with a 8.7/10 quality rating vs RC's 5.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Ready Capital Corporation (RC) and Chicago Atlantic Real Estate Fi (REFI) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

RC currently trades at $1.78 with a QOC of 5.9/10, while REFI trades at $11.37 with a QOC of 8.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).