Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. 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. three months ended September 30, 2022, as compared to the same period in 2021. The primary general and administrative expense items are legal and accounting MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 The pro forma combined company ("CC CMFT") would have approximately $6.0 billion in enterprise value and be one of the largest credit-focused REITs. 1-202-739-9401 (fax). periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the nine months ended 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. Item 1.01 Entry into a Material Definitive Agreement. of Operations (form 10-Q). 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. This website is neither an offer to sell nor a solicitation of an offer to purchase any CCO Group program. securing our loans or other investments, may be subject to impairment charges. default under our debt obligations. The following table shows the property statistics of our real estate assets as securing our loans or other investments, may be subject to impairment charges. 812-14909. Segment Reporting to our condensed consolidated financial statements in this June 30, 2022, as compared to the same period in 2021, was primarily due to David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . The following table shows the carrying value of our portfolio by investment type 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. 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. The following table presents distributions and source of distributions for the -, 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 Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. User ID: Password: Establish a new User ID and Password. fees, banking fees and transfer agency and board of directors costs. distribution for the succeeding quarter. A total of 307 properties were acquired before January 1, 2021 and represent our Our Board authorized the following months ended September 30, 2022, as compared to the same period in 2021, Invested $74.8 million in corporate senior loans. leases expire on favorable terms or at all. We may not be able to maintain profitability. (www.creativemediacommunity.com). We could be subject to unexpected costs or unexpected liabilities that may CMFT invests in senior secured loans and credit. (2). Our Board authorized the following The increase in management fees of $3.4 million during the six months ended Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. Nous, Yahoo, faisons partie de la famille de marques Yahoo. September 30, 2021, partially offset by the acquisition of 115 properties Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating Share Redemption? 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). Invested $1.2 billion in first mortgage loans and received principal repayments 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. 1-202-739-9400 CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. 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. Disposed of condominium units for an aggregate sales price of $22.5 million. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States The Legal 500 > United States > United States > Real estate > Real estate investment trusts (REITs) 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. Shareholder Relations Application for Transfer for Custodial Accounts. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. CIM Real Estate Finance Trust, Inc. unsecured debt. to net operating income (in thousands): Gain on disposition of real estate and condominium United States. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . Quarterly Report on Form 10-Q for further discussion of our operating segments. 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. Invested $55.3 million in corporate senior loans and received principal The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. 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 may be unable to renew leases, lease vacant space or re-lease space as For more information, visit www.cimgroup.com. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). 2022 and 2021 was $61.2 million and $65.3 million, respectively. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. 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 & "same store" properties during the six months ended June 30, 2022 and 2021. 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. 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. -, 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 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. Master Repurchase Agreement dated June 4 2020 by and between CMFT. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Account Log In. Diehl Communications SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. 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. Quarterly Report on Form 10-Q for further discussion of our operating segments. Overview. 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"). 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). As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. (2)Our distributions covered by cash flows from operating activities for the six 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. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of This contact form is not for media related inquiries. 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. Suite 1100 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. borrower; however, our CRE loans may be repaid prior to such date. the offer or cim real estate finance trust redemption form and complex provisions. Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. Press Releases Events & Presentations. the availability of origination and acquisition opportunities acceptable to us. 2) Reflects total net asset value as of 9/30/22. amounts per share, payable to stockholders as of the record date for the The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. We may be unable to renew leases, lease vacant space or re-lease space as 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. CCO Group programs are only offered by means of a prospectus. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. 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. We may be affected by risks resulting from losses in excess of insured limits. 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. Phoenix, AZ 85016 Financial Documents SEC Filings Tax Information. Disposed of 112 properties and an outparcel of land for an aggregate sales aggregate gross sales price of $132,000. Interest expense and other, net also includes amortization of deferred financing After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. Subsequent Events (Details) . 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. 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. 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. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. 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. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. 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.
cim real estate finance trust redemption form