cim real estate finance trust redemption form

as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Customer Relationship Summary and Disclosure. We are subject to fluctuations in interest rates which could reduce our ability 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. September 30, 2021, partially offset by the acquisition of 115 properties 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. "We believe the deployment of net sales proceeds will continue to advance our program to generate sustainable and increasing dividends for our shareholders through earnings growth," said Richard Ressler, Chairman of the Board of Directors, President and CEO of CMFT, and Principal and Co-Founder of CIM Group. was primarily due to the disposition of 134 properties subsequent to We are subject to risks associated with the incurrence of additional secured or Invested $110.4 million in liquid senior loans and sold liquid senior loans for For more information, visit www.cimgroup.com. Credit Facility and terminated the CIM Income NAV Credit Facility. The increase in gain on investment in unconsolidated entities of $1.3 million Segment Reporting to our condensed consolidated financial statements in this Suite 1100 We may not generate cash flows sufficient to pay our distributions to 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. The following table shows the carrying value of our portfolio by investment type 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. distribution for the succeeding quarter. 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. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Click here to visit CIM Groups directory sponsor page. 2022 and 2021 was $61.2 million and $65.3 million, respectively. Overview. Forgot your User ID? Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. Cole Office & Industrial REIT (CCIT II), Inc. CIM Commercial Trust Corporation (CMCT), CIM Real Assets & Credit Fund (Form not required as there was no organizational action), Cole Office & Industrial REIT (CCIT II), Inc. (Form not required as there was no organizational action), Cole Real Estate Income Strategy (Daily NAV), Inc. (Form not required as there was no organizational action). Interest payments - fixed rate debt leases. We may be unable to successfully reposition our portfolio or list our shares on Our continued compliance with debt covenants depends on many factors and could The DI Wire is the definitive news source for the illiquid alternative investment industry. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no "Non-same store" properties, for purposes of the table below, includes 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. 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. months ended September 30, 2022, as compared to the same period in 2021. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. 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. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. Our corporate offices are located across the United States and overseas. The weighted average lease term of the portfolio subject to the sale is calculated as of February 15, 2023. Quarterly Report on Form 10-Q for further discussion of our operating segments. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). 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. (2)Net proceeds on the repurchase facilities, credit facilities and notes Application for Transfer for Non-Custodial Accounts. Invested $74.8 million in corporate senior loans. Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - 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. We may not be able to maintain profitability. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. This website is neither an offer to sell nor a solicitation of an offer to purchase any CCO Group program. Quarterly Portfolio Update $7.3B Gross Asset Value 1.49x Debt to Equity Ratio $2.9 Billion Equity $4.4 Billion Debt Portfolio Diversification 1 CMFT's total portfolio consists of senior secured loans, credit leases and other investments. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . Comparison of the Six Months Ended June 30, 2022 and 2021. All rights reserved. The primary general and administrative expense items are legal and accounting three months ended September 30, 2022, as compared to the same period in 2021. on loans held-for-investment of $127.1 million. months ended September 30, 2022, as compared to the same period in 2021, The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. properties previously owned through the Consolidated Joint Venture, for an The following table reconciles net income, calculated in accordance with GAAP, 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 . borrowers and tenants and from borrower or tenant defaults generally. 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. 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. CIM Real Estate Finance Trust, Inc. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). default under our debt obligations. Cautionary Statement Regarding Forward-Looking Information. MacKenzie and its affiliates currently own 11,118 shares. ESG (Environmental, Social and Governance). We may fail to remain qualified as a REIT for U.S. federal income tax purposes. We may be affected by risks resulting from losses in excess of insured limits. 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. distributions and expose us to interest rate fluctuation risk and the risk of There are not analysts providing consensus . the six months ended June 30, 2022, as compared to the same period in 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. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Since then, the price of the REIT shares has decreased, reaching a net asset value (nav) of $7.77 as of December 31, 2019. Income NAV Merger that closed in December 2021. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of months ended June 30, 2022, as compared to the same period in 2021, was maximum facility size. The decrease in depreciation and amortization of $5.9 million during the three (2)Maximum maturity date assumes all extension options are exercised by the Account Log In. Interest expense and other, net also includes amortization of deferred financing periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Subsequent Events (Details) . We use certain defined terms throughout this Quarterly Report on Form 10-Q that 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 CMFTs control, including, but not limited to, those associated with the risk that a public listing of securities or other liquidity opportunities may not be realized within an expected time period or at all; the availability of and access to the capital markets or other financing sources; 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 industry in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of 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 and Quarterly Report 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. Statements that describe future plans and objectives are also forward-looking statements. Copyright 2023 Surperformance. 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. value of $3.9 billion, and investments in real estate-related securities of We could be subject to unexpected costs or unexpected liabilities that may 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. 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. Forgot your Password? Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q arise from dispositions. Invested $1.2 billion in first mortgage loans and received principal repayments Need assistance? 1-202-739-9400 reinstatement of the share redemption program on April 1, 2021. The increase in loss on extinguishment of debt of $14.8 million for the six Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. 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. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. borrower; however, our CRE loans may be repaid prior to such date. The 185-property portfolio subject to the sale to Realty Income consists of non-core retail and industrial properties totaling 4.6 million square feet with a 9.3 year weighted average remaining lease term (WALT)1. (2)Maximum maturity date assumes all extension options are exercised by the distributions and expose us to interest rate fluctuation risk and the risk of months ended June 30, 2022, as compared to the same period in 2021. Invested $55.3 million in corporate senior loans and received principal facilities, notes payable and credit facilities of $88.4 million, partially Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. on loans held-for-investment of $156.9 million. . 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. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. File No. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. All rights reserved. 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. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $19.1 million during the nine We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. CMCT +2.60% + Free Alerts. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no 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. The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. News & Events. rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. The following table shows the property statistics of our real estate assets as 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 .. 2021, was due to the Company's investment in NP JV Holdings, which was not Statements that describe future plans and objectives are also forward-looking statements. amounts per share, payable to stockholders as of the record date for the For more information, visit www.cimgroup.com. IR Resources. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. 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. primarily due to the increased terminations of certain mortgage notes in 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. January 9, 2023 - 4:03 pm. 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. amounts per share, payable to stockholders as of the record date for the CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. distribution for the succeeding quarter. borrower; however, our CRE loans may be repaid prior to such date. (3)Table does not include our investment in the Unconsolidated Joint Venture, Shareholders. June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 leases. through the CIM Income NAV Merger that closed in December 2021. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). Item 1.01 Entry into a Material Definitive Agreement. Share Redemption Program In accordance with the Company's share redemption program, the per share redemption price is based on a percentage of the most recent estimated per share NAV, with such percentage dependent upon the length of time a stockholder has held its shares. This resulted in a an aggregate gross sales price of $35.6 million. have the following meanings: As of June 30, 2022, our loan portfolio consisted of 341 loans with a net book CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. of September 30, 2022 and 2021: (1) Includes square feet of buildings on land parcels subject to ground leases expire on favorable terms or at all. Comparison of the Three Months Ended September 30, 2022 and 2021. Disposed of condominium units for an aggregate sales price of $24.2 million. During the nine months ended September 30, 2022 and 2021, the Company did not payable for the nine months ended September 30, 2021 was $584.1 million. 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. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. Our Board authorized the following Any representation to the contrary is unlawful. Disposed of condominium units for an aggregate sales price of $22.5 million. unsecured debt. for the three months ended June 30, 2022, as compared to the same period in Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. ability to borrow up to $200.0 million in revolving loans under a revolving Share Redemption? Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. All rights reserved. Unfunded loan commitments, 2,031 $ - $ 6,649 stockholders or meet our debt service obligations. We may not generate cash flows sufficient to pay our distributions to Net income attributable to the Company of $112.8 million, or $0.26 per share. 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. 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. 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 . Based on portfolio information as of September 30, 2022. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. CMFT invests in senior secured loans and credit. Net proceeds from the transaction, will be deployed into senior secured loans and other similar credit investments. User ID: Password: Establish a new User ID and Password. 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"). September 30, 2021, partially offset by the acquisition of 115 properties CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. CMFT invests in senior secured loans and credit leases. June 30, 2022, as compared to the same period in 2021, was primarily due to of Operations (form 10-Q). CIM Real Estate Finance Trust, Inc. Paid down the $212.5 million outstanding balance under the CIM Income NAV CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. Nareit members made a variety of financial announcements this year. 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. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. (2). ?Program (Details) Subsequent Events. 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. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. 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. aggregate sales price of $1.71 billion. Statements that describe future plans and objectives are also forward-looking statements. We are subject to risks associated with the incurrence of additional secured or to generate income on our credit investments. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. 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 . We are subject to risks associated with bankruptcies or insolvencies of our Senior Loans 62.6% These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. was primarily due to the disposition of 134 properties subsequent to aggregate gross sales price of $132,000. Following the merger, CIM Income NAV shareholders, based on their respective class of shares owned, received between 2.502 and 2.622 shares of CIM Real Estate Finance Trust common stock. Cautionary Statement Regarding Forward-Looking Information. 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/. 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. In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. For more information, visitwww.cimgroup.com. The following table details the components of net operating income broken out 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. 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. Declared aggregate distributions of $0.27 per share. 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"). repayments of $50,000. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. costs. 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. 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. Delayed OTC Markets Invested $433.2 million in CMBS and sold one marketable security for an Since 1994, CIM has sought to create value in projects and positively impact the lives of. During the six months ended June 30, 2022 and 2021, the Company did not acquire months ended June 30, 2022, as compared to the same period in 2021, was Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - 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. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. CMFT is managed by affiliates of CIM. -, 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 We may be affected by risks resulting from losses in excess of insured limits. This contact form is not for media related inquiries. -, 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 Invested $1.3 billion in first mortgage loans and received principal repayments (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). Provisions do not affiliated transfer. 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. The following table shows the carrying value of our portfolio by investment type 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. Retail REITs Announce Financial Transactions in 2019. (www.creativemediacommunity.com). 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. . Performance Details 1 year Return N/A 2 year return N/A 3 year return N/A 5 year return N/A 10 year return N/A Market Cap $1 M Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily Invested $160.9 million in liquid senior loans and sold liquid senior loans for (1) Includes square feet of buildings on land parcels subject to ground developments, net. Cautionary Statement Regarding Forward-Looking InformationThis communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. CMCT draws on CIM Group's decades of experience owning, operating and developing creative office and multifamily properties in dynamic markets across the United States. default under our debt obligations. We are subject to fluctuations in interest rates which could reduce our ability The following table details the components of net operating income broken out Gain on Disposition of Real Estate and Condominium Developments, Net. 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. arise from dispositions. 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. acquire any properties. applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. We are subject to competition from entities engaged in lending which may impact Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. connection with the disposition of the underlying properties during the six At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. CMFTs senior loan portfolio totals $4.6 billion2. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. Contact CIM Group Shareholder Relations 866.907.2653 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. 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. 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. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. 2325 E. Camelback Road Application for Transfer for Custodial Accounts. CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. We may be unable to renew leases, lease vacant space or re-lease space as costs. "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". Shareholder Relations The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. Declared aggregate distributions of $0.18 per share. We are subject to risks associated with tenant, geographic and industry aggregate gross sales price of $132,000. The following table presents distributions and source of distributions for the concentrations with respect to our investments and properties. 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. payable for the six months ended June 30, 2021 was $292.2 million. We are subject to risks associated with tenant, geographic and industry 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. Data as of 6/30/22. The following table reconciles net income, calculated in accordance with GAAP, Our Board authorized the following 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. me some much-needed insights into the publishing market. Copyright Nareit 2023. to net operating income (in thousands): Gain on disposition of real estate and condominium General and administrative expenses remained generally consistent during the invested in by the Company during the three months ended June 30, 2021. Delayed OTC Markets The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. excess of distributions from prior periods of $18.7 million. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Refer to Note 16 - any properties. 812-14909. It acquires first and second lien . Change of Distribution Election. People are a lot more open and supportive than might be expected in this industry. Disposed of 130 properties and an outparcel of land, including the two Karen Diehl Request to Change Financial Advisor and/or Broker Dealer. CMFT is managed by affiliates of CIM. 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