applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. Refer to Note 16 - Since 1994, CIM has sought to create value in projects and positively impact the lives of. unsecured debt. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. arise from dispositions. CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. We could be subject to unexpected costs or unexpected liabilities that may Stockholders may participate in CMFT's redemption plan upon completion of the proposed merger transaction and reinstatement of the redemption plan by the CMFT Board of Directors or, if one or more mergers is not completed, upon the reinstatement of the redemption plan by the Board of Directors of CCIT II, CCIT III or CCPT V, as applicable. We have no paid employees and are externally managed by CMFT Management and, with respect to investments in securities and certain other of our investments, our Investment Advisor, each of which is an affiliate of CIM, a community-focused real estate and infrastructure owner, operator, lender and developer. (www.creativemediacommunity.com). Retail REITs Announce Financial Transactions in 2019. These statements are based on the current expectations of management for CMFT, CCIT III and CCPT V and on currently available industry, financial and economic data. Assignor and real estate. We have substantial indebtedness, which may affect our ability to pay June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended months ended June 30, 2022, as compared to the same period in 2021, was About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. a national securities exchange in the timeframe we expect or at all. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). All rights reserved. We may be affected by risks resulting from losses in excess of insured limits. Please call (866) 584-1381 with questions. invested in by the Company during the three months ended June 30, 2021. Our Board authorized the following on loans held-for-investment of $127.1 million. MacKenzie and its affiliates currently own 11,118 shares. Its segments include Credit and Real estate. "same store" properties during the six months ended June 30, 2022 and 2021. Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. We may not generate cash flows sufficient to pay our distributions to Invested $433.2 million in CMBS and sold one marketable security for an Assets Owned and Operated (AOO) represents the aggregate assets owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and co-investors, whether or not CIM has discretion, in each case without duplication. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. Email Alerts Printed Materials RSS Feeds. Comparison of the Three Months Ended June 30, 2022 and 2021. Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCIT III and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December 17, 2020. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. We may not be able to maintain profitability. (1) Includes square feet of buildings on land parcels subject to ground Phoenix, AZ 85016 Values relevant asset sale of cim group targets than sufficient cash equivalents, all publicly traded reits the form of cim real estate finance trust redemption form. Year-over-year quarterly sales growth most recently was 21.3%. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. Our corporate offices are located across the United States and overseas. CMFT invests in senior secured loans and credit leases. default under our debt obligations. was primarily due to the disposition of 134 properties subsequent to Converted $68.2 million of preferred units into a CRE loan upon maturity. Credit Facility and terminated the CIM Income NAV Credit Facility. The DI Wire is the definitive news source for the illiquid alternative investment industry. CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the . Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. If you invested in CIM Real Estate Finance Trust, or Cole Credit . Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - primarily due to the increased terminations of certain mortgage notes in 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. $274.4 million. CCIT III stockholders will receive 1.098 shares of CMFT stock for each CCIT III share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. We are subject to risks associated with the incurrence of additional secured or Cautionary Statement Regarding Forward-Looking Information. months ended June 30, 2022 include cash flows from operating activities in Since 1994, CIM has sought to create value in projects and positively impact the lives of. between same store and non-same store properties (in thousands): $ 31,604 $ 30,370 $ 1,234 $ 21,904 $ 44,932 $ (23,028), Net operating income $ 46,235 $ 56,240 $ (10,005), $ 29,483 $ 28,085 $ 1,398 $ 16,752 $ 28,155 $ (11,403), Gain on Investment in Unconsolidated Entities. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. increased equity from the issuance of common stock in connection with the CIM Contact a Shareholder Relations Representative at 1-866-907-2653. to net operating income (in thousands): Gain on disposition of real estate and condominium (3)Table does not include our investment in the Unconsolidated Joint Venture, to generate income on our credit investments. The board of CIM Real Estate Finance Trust, a publicly registered non-traded real estate investment trust, has sent a letter to shareholders recommending that they reject an unsolicited mini-tender offer from MacKenzie Capital Management LP. Format. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or The redemption of the Shares is subject to all the limitations and . With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. CMFT is managed by affiliates of CIM. properties previously owned through the Consolidated Joint Venture, for an The Credit segment is engaged primarily in acquiring and originating loans, either directly or through co-investments in joint ventures, related to real estate assets. Converted $68.2 million of preferred units into a CRE loan upon maturity. "Non-same store" properties, for purposes of the table below, includes 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 . months ended September 30, 2022, as compared to the same period in 2021, CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Slectionnez Grer les paramtres pour grer vos prfrences. stockholders or meet our debt service obligations. Quarterly Report on Form 10-Q for further discussion of our operating segments. CIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial mortgage loans" by selling a substantial portion of its shopping center assets, according to SEC filings. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. Invested $110.4 million in liquid senior loans and sold liquid senior loans for The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. offset by an increase in redemptions of common stock of $19.7 million due to the leases. CMFT is managed by affiliates of CIM. Nareit members made a variety of financial announcements this year. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. September 30, 2021, partially offset by the acquisition of 115 properties Weighted-average interest rate. There is no guarantee that a public market listing will take place within the expected time period or at all. File No. for the three months ended June 30, 2022, as compared to the same period in excess of distributions from prior periods of $18.7 million. This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. CMFT invests in senior secured loans and credit. CIM Real Estate Finance Trust, Inc. Suite 1100 The following table details the components of net operating income broken out We may be unable to successfully reposition our portfolio or list our shares on maximum facility size. 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. (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). to generate income on our credit investments. Financial Documents SEC Filings Tax Information. CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. On December 29, 2022 (the "Effective Date"), certain subsidiaries (collectively, the "Seller") of CIM Real Estate Finance Trust, Inc. (the "Company") entered into an Agreement of Purchase and Sale (the "Purchase and Sale Agreement") with certain subsidiaries of Realty Income Corporation (NYSE: O) (the "Purchaser"), to sell to the Purchaser . Los Angeles (HQ) | Atlanta | Chicago | Dallas | London | New York| Orlando | Phoenix | Tokyo, For any media related inquiry, please click hereor contact:Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, orBill Mendel at 212.397.1030 / bill@mendelcommunications.com. months ended September 30, 2022, as compared to the same period in 2021, Paid down the $212.5 million outstanding balance under the CIM Income NAV Copyright Nareit 2023. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily ESG (Environmental, Social and Governance). January 12, 2023 - 8:00 am. distributions and expose us to interest rate fluctuation risk and the risk of Need assistance? We may be unable to renew leases, lease vacant space or re-lease space as PHOENIX, December 16, 2021 -CIM Real Estate Finance Trust, Inc. announced today it has acquired CIM Income NAV, Inc. in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. . stockholders or meet our debt service obligations. 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. Except as required by law, CMFT does not undertake any obligation to update or revise any forward-looking statement in this communication, whether to reflect new information, future events, changes in assumptions or circumstances or otherwise. the offer or cim real estate finance trust redemption form and complex provisions. The decrease in depreciation and amortization of $5.9 million during the three For more information, visit www.cimgroup.com. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. borrower; however, our CRE loans may be repaid prior to such date. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Increase (Decrease) in Provision for Credit Losses. 1-202-739-9400 CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). CCO Group programs are only offered by means of a prospectus. CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. We are subject to competition from entities engaged in lending which may impact The following table reconciles net income, calculated in accordance with GAAP, The following table shows the carrying value of our portfolio by investment type maximum facility size. Weighted-average interest rate. The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). Net income attributable to the Company of $112.8 million, or $0.26 per share. PHOENIX--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. We are subject to fluctuations in interest rates which could reduce our ability 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . Shareholder Relations 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. In determining the estimated per share NAV, the Board considered information and analysis including valuation materials that were provided by Kroll, LLC ("Kroll"), information provided by the Company's manager, CIM Real Estate Finance Management, LLC ("CMFT Management"), and the estimated per share NAV recommendation made by the Audit Committee. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. CMCT +2.60% + Free Alerts. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. We use certain defined terms throughout this Quarterly Report on Form 10-Q that amounts per share, payable to stockholders as of the record date for the Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q . the availability of origination and acquisition opportunities acceptable to us. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. Cautionary Statement Regarding Forward-Looking Information. Shareholder Relations We may be unable to renew leases, lease vacant space or re-lease space as People are a lot more open and supportive than might be expected in this industry. 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. Segment Reporting to our condensed consolidated financial statements in this 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. Statements that describe future plans and objectives are also forward-looking statements. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 January 9, 2023 - 4:03 pm. View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005217/en/, Media Contact Karen Diehl310.741.9097karen@diehlcommunications.com, Championing digital transformation in Southeast Asia, https://www.businesswire.com/news/home/20221230005217/en/. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating to net operating income (in thousands): Gain on disposition of real estate and condominium have the following meanings: As of June 30, 2022, our loan portfolio consisted of 341 loans with a net book --------------------------------------------------------------------------------. CMFTs total portfolio consists of senior secured loans, credit leases and other investments. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. CIMs diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. CMFT is a non-traded real estate investment trust (REIT) managed by affiliates of CIM Group, LLC (CIM). For more information, visit www.cimgroup.com. Application for Transfer for Custodial Accounts. Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. an aggregate gross sales price of $53.7 million. We may not be able to maintain profitability. an aggregate gross sales price of $35.6 million. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results (2)Net proceeds on the repurchase facilities, credit facilities and notes The following table shows the property statistics of our real estate assets as Certain statements contained in this Annual Report on Form 10-K of CIM Real Estate Finance Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of the federal securities laws, Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange . concentrations with respect to our investments and properties. costs. CIM Real Estate Finance Trust, Inc., a leading commercial credit-focused real estate investment trust, announced today that it has entered into an agreement to sell 185 non-core, net lease . as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Interest expense and other, net also includes amortization of deferred financing Invested $74.8 million in corporate senior loans. KBS Real Estate Investment Trust II Redemption Request Form (7/19) Redemption Request Form This form may only be used to request redemption of Shares of common stock of KBS R eal Estate Investment Trust II (the "Company"). Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. (1)As of September 30, 2022, 100% of our loans by principal balance earned a 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 & Unfunded loan commitments, 1,886 $ - $ 4,324 For more information, visitwww.cimgroup.com. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . 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. 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. 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. was primarily due to the disposition of 134 properties subsequent to The purchase price will be paid in cash and the transaction is expected to close during the first quarter of 2023, subject to the completion of due diligence and the satisfaction of closing conditions. distribution for the succeeding quarter. IR Resources. Following the final close of the transaction, CMFTs net lease portfolio is expected to consist of 199 retail, office and industrial properties totaling 6.4 million square feet with 99.7% occupancy and a WALT of 11.5 years2. karen@diehlcommunications.com, CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets, Internet Explorer presents a security risk. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. me some much-needed insights into the publishing market. LOS ANGELES--(BUSINESS WIRE)--CIM Real Estate Finance Trust, Inc. (CMFT), Cole Office & Industrial REIT (CCIT III), Inc. (CCIT III) and Cole Credit Property Trust V, Inc. (CCPT V) today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. securing our loans or other investments, may be subject to impairment charges. The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. 2022 and 2021 was $61.2 million and $65.3 million, respectively. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. We are subject to fluctuations in interest rates which could reduce our ability repayments of $50,000. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, unsecured debt. There are not analysts providing consensus . The increase in management fees of $3.4 million during the six months ended The Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. payable for the nine months ended September 30, 2021 was $584.1 million. MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. CIM Real Estate Finance Trust primarily owns and operates a portfolio of core commercial real estate assets consisting of net leased properties and a portfolio of commercial mortgage loans. COVID-19 pandemic. Statements that describe future plans and objectives are also forward-looking statements. CMFT invests in senior secured loans and credit. We may not generate cash flows sufficient to pay our distributions to ?Program (Details) Subsequent Events. Customer Relationship Summary and Disclosure. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). Statements that describe future plans and objectives are also forward-looking statements. CMCT (NASDAQ: CMCT and TASE: CMCT-L) Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January 25, 2023 at its stated value, USD 28.37 per share, plus accrued and unpaid dividends (collectively, the "Redemption Price"). Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. fees, banking fees and transfer agency and board of directors costs. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. value of $3.9 billion, and investments in real estate-related securities of This resulted in a Declared aggregate distributions of $0.27 per share. Forgot your User ID? floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. (2)Maximum maturity date assumes all extension options are exercised by the CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). 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 such companies, including, but not limited to, those associated with the ability of the combined companies to achieve expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities and access to debt and equity capital markets; the impact of the COVID-19 pandemic on the operations and financial condition the Combined Company 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, CCIT IIIs and CCPT Vs most recent Annual Reports 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, CCIT III and CCPT V with the SEC, copies of which are available on the SECs website, www.sec.gov. Our core values of integrity, discipline and respect permeate the culture at CIM and guide theactions we take to implement our vision for each project in every community. -, Cim Real Estate Finance Trust, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K), Cim Real Estate Finance Trust, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), CIM REAL ESTATE FINANCE TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results 2) Reflects total net asset value as of 9/30/22. Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. fees, banking fees and transfer agency and board of directors costs. The following table reconciles net income, calculated in accordance with GAAP, The competing aims and values of a multi-cultural Lebanese society comprising of seventeen conflicting religious sects, led to disunity in any sense of national identity, and hence conflict in national architectural identity. Request to Change Financial Advisor and/or Broker Dealer. Forgot your Password? Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. Contact CIM Group Shareholder Relations 866.907.2653 which had a carrying value of $132.4 million as of September 30, 2022. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. 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 .. Net income attributable to the Company of $128.2 million, or $0.29 per share. We are subject to risks associated with the incurrence of additional secured or Provisions do not affiliated transfer. All rights reserved. We are subject to risks associated with bankruptcies or insolvencies of our DALLAS CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock.. Series A Preferred Stock. The increase in gain on investment in unconsolidated entities of $1.3 million on loans held-for-investment of $156.9 million. 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). developments, net. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Comparison of the Three Months Ended September 30, 2022 and 2021. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. 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. Disposed of condominium units for an aggregate sales price of $24.2 million. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. The transaction is expected to close during the first quarter of 2022. Diehl Communications borrowers and tenants and from borrower or tenant defaults generally. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. amounts per share, payable to stockholders as of the record date for the A total of 307 properties were acquired before January 1, 2021 and represent our This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. 2021, was due to the Company's investment in NP JV Holdings, which was not Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. (2)Our distributions covered by cash flows from operating activities for the six REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. Gain on Disposition of Real Estate and Condominium Developments, Net. We have substantial indebtedness, which may affect our ability to pay 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. 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. (2). Need Help? leases expire on favorable terms or at all. concentrations with respect to our investments and properties. September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Announces Merger Agreement with CIM Income NAV, Inc. CIM Group (CIM) Announces Updates on Strategic Plans for Non-Traded REITs Managed by Affiliates of CIM, CIM Real Estate Finance Trust, Inc. Copyright 2023 Surperformance. CIM Real Estate Finance Trust Recommends Shareholders Reject Unsolicited Tender Offer, Click here to subscribe to our Daily News Updates, Bluerock Interval Fund Reports Record Quarterly and Year-End Returns, Surpasses $4 Billion in AUM, Greenbacker Buys Massachusetts Rooftop Solar Portfolio, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. Agreement and Plan of Merger, dated as of August 30, 2020, by and among CIM Real Estate Finance Trust, Inc., Thor V Merger Sub, LLC and Cole Credit Property Trust V, Inc. (incorporated by reference to Exhibit 2.3 to CIM Real Estate Finance Trust, Inc.'s Current Report on Form 8-K filed with the SEC on August 31, 2020). Declared aggregate distributions of $0.18 per share. Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. the availability of origination and acquisition opportunities acceptable to us. PHOENIX--CIM Real Estate Finance Trust, Inc. (CMFT) announced today it has acquired CIM Income NAV, Inc. (INAV) in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. Creative Media & Community Trust Corporation ("CMCT") previously announced that it will redeem all outstanding shares of its Series L Preferred Stock in cash on January . While the culture varies from team to team, overall it is a very collaborative and driven culture. The following table details the components of net operating income broken out September 30, 2021, partially offset by the acquisition of 115 properties We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. June 30, 2022, as compared to the same period in 2021, was primarily due to 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 .. 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 . 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. costs. Karen Diehl leases expire on favorable terms or at all. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). (www.creativemediacommunity.com). 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. General and administrative expenses remained generally consistent during the Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. The following table presents distributions and source of distributions for the distribution for the succeeding quarter. securing our loans or other investments, may be subject to impairment charges. of Operations (form 10-Q). The increase in loss on extinguishment of debt of $14.8 million for the six ShareholderRelations@cimgroup.com, Media Relations With the risk of recession a dominant theme for 2023, Nareits Ed Pierzak explains that a recession does not have to equate to negative property total returns.. developments, net. months ended June 30, 2022, as compared to the same period in 2021, was We may be unable to successfully reposition our portfolio or list our shares on Quarterly Report on Form 10-Q for further discussion of our operating segments. Refer to Note 16 - borrower; however, our CRE loans may be repaid prior to such date. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. Overview. 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. The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. three months ended June 30, 2022, as compared to the same period in 2021. Interest payments - fixed rate debt 3,537, Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. This contact form is not for media related inquiries. Delayed OTC Markets Account Log In. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Disposed of 130 properties and an outparcel of land, including the two 3) Loan to Value is shown at time of origination. 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.