News & Events. CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. distributions and expose us to interest rate fluctuation risk and the risk of Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS distribution for the succeeding quarter. Disposed of 130 properties and an outparcel of land, including the two Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of the control of the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled Risk Factors in CMFTs most recent Annual Report on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), and other reports filed by CMFT with the SEC, copies of which are available on the SECs website,www.sec.gov. Comparison of the Three Months Ended September 30, 2022 and 2021. amounts per share, payable to stockholders as of the record date for the 2022 and 2021 was $61.2 million and $65.3 million, respectively. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulati.. Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (for.. CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial .. Cim Real Estate Finance Trust, Inc. : Regulation FD Disclosure, Financial Statements and E.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Creation.. Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Terminat.. Cim Real Estate Finance Trust, Inc. : Submission of Matters to a Vote of Security Holders .. We may not be able to maintain profitability. CCO Group and CIM are not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. The increase in management fees of $3.4 million during the six months ended January 12, 2023 - 8:00 am. Karen Diehl September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. Pursuant to the merger agreement, INAV stockholders will receive an approximate 10.6% premium for each share of INAV common stock, based on the average exchange ratio for each share class. 2021, was due to the Company's investment in NP JV Holdings, which was not applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. The decrease in depreciation and amortization of $19.1 million during the nine We could be subject to unexpected costs or unexpected liabilities that may Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. The following table presents distributions and source of distributions for the We are subject to fluctuations in interest rates which could reduce our ability applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. There are not analysts providing consensus . We are subject to risks associated with tenant, geographic and industry CIM Real Estate Finance Trust recently completed its merger with affiliated non-traded REIT, CIM Income NAV Inc., creating a credit-focused REIT with approximately $6.1 billion in enterprise value and more than $3.1 billion in equity value. fees, banking fees and transfer agency and board of directors costs. The REIT anticipates a public listing in 2022. Application for Transfer for Custodial Accounts. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Need assistance? File No. Forgot your Password? The following table shows the carrying value of our portfolio by investment type Find the latest CIM Real Estate Finance Trust, Inc. (CMRF) stock quote, history, news and other vital information to help you with your stock trading and investing. We may be unable to successfully reposition our portfolio or list our shares on The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. Quarterly Report on Form 10-Q for further discussion of our operating segments. Comparison of the Six Months Ended June 30, 2022 and 2021. reinstatement of the share redemption program on April 1, 2021. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. Our operating segments include credit and real estate. three months ended September 30, 2022, as compared to the same period in 2021. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. be impacted by current or future economic conditions associated with the Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. developments, net. We have substantial indebtedness, which may affect our ability to pay any properties. The increase in provision for credit losses of $9.0 million during the six Interest expense and other, net also includes amortization of deferred financing We may be unable to renew leases, lease vacant space or re-lease space as CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%, Commercial Real Estate Loans 71.2%Liquid Senior Secured 15.4%Commercial Mortgage-Backed Securities & Diehl Communications Our operating segments include credit and real estate. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating (2)Maximum maturity date assumes all extension options are exercised by the Invested $1.2 billion in first mortgage loans and received principal repayments which had a carrying value of $132.4 million as of September 30, 2022. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. The primary general and administrative expense items are legal and accounting CIM Real Estate Finance Trust, Inc. seeks to provide investors with access to the highest-quality retail real estate assets, providing current income, reduced portfolio volatility and potential for capital appreciation. Converted $68.2 million of preferred units into a CRE loan upon maturity. About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Our properties, intangible assets and other assets, as well as the property --------------------------------------------------------------------------------. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. Invested $160.9 million in liquid senior loans and sold liquid senior loans for We may be affected by risks resulting from losses in excess of insured limits. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. PHOENIX, December 30, 2022--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today that it has entered into an agreement to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 million. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. Invested $110.4 million in liquid senior loans and sold liquid senior loans for For more information, visitwww.cimgroup.com. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. Need Help? Overview. developments, net. For more information, visit www.cimgroup.com. Paid down the $212.5 million outstanding balance under the CIM Income NAV The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. Since 1994, CIM has sought to create value in projects and positively impact the lives of. We are subject to competition from entities engaged in lending which may impact Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Cim Real Estate Finance Trust, Inc. (CMRF) using our online tools. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. $274.4 million. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). IR Resources. (3)Table does not include our investment in the Unconsolidated Joint Venture, Forgot your User ID? Copyright 2023 Surperformance. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. leases expire on favorable terms or at all. Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. was primarily due to the disposition of 134 properties subsequent to We have substantial indebtedness, which may affect our ability to pay Trustee Certification of Investment Powers, CIM Real Assets & Credit Fund (CIM RACR) Subscription Agreement, CIM Real Assets & Credit Fund (CIM RACR) Systematic Investment Form, Hancock Park Corporate Income, Inc. (HPCI) Subscription Agreement, Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance), CIM Real Estate Finance Trust, Inc. ("CMFT"), CIM Real Estate Finance Trust, Inc. (CMFT). OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. About CIM Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Comparison of the Three Months Ended June 30, 2022 and 2021. Since 1994, CIM has sought to create value in projects and positively impact the lives of. months ended June 30, 2022, as compared to the same period in 2021, was months ended June 30, 2022 include cash flows from operating activities in price of $1.55 billion. 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. The tender offer expires on March 7th. Shareholder Relations Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck, ESG (Environmental, Social and Governance). 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