distribution for the succeeding quarter. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. have the following meanings: As of June 30, 2022, our loan portfolio consisted of 341 loans with a net book 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. an aggregate gross sales price of $53.7 million. We may be unable to successfully reposition our portfolio or list our shares on HOME; LOGIN; PREMIUM; FREE TRIAL; SEC FILINGS; STOCK SCREENERS. Account Log In. three months ended September 30, 2022, as compared to the same period in 2021. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. 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. 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. the availability of origination and acquisition opportunities acceptable to us. Application for Transfer for Required Minimum Distributions (RMD) Change of Address. General and administrative expenses remained generally consistent during the Phoenix, AZ 85016 To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. Change of Distribution Election. CMFT is managed by affiliates of CIM. 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. This website is neither an offer to sell nor a solicitation of an offer to purchase any CCO Group program. the six months ended June 30, 2022, as compared to the same period in 2021. which had a carrying value of $132.4 million as of September 30, 2022. borrower; however, our CRE loans may be repaid prior to such date. leases. 3) Loan to Value is shown at time of origination. 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 . Provisions do not affiliated transfer. Need Help? Invested $74.8 million in corporate senior loans. Our operating segments include credit and real estate. September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. The increase in provision for credit losses of $9.0 million during the six People are a lot more open and supportive than might be expected in this industry. 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. The transaction is expected to close during the first quarter of 2022. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q 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. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. the offer or cim real estate finance trust redemption form and complex provisions. Increase (Decrease) in Provision for Credit Losses. IR Resources. 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. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . The 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. months ended June 30, 2022, as compared to the same period in 2021, was Press Releases Events & Presentations. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. distribution for the succeeding quarter. 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. Contact a Shareholder Relations Representative at 1-866-907-2653. 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. (1)As of September 30, 2022, 100% of our loans by principal balance earned a borrowers and tenants and from borrower or tenant defaults generally. ?Program (Details) Subsequent Events. CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . of Operations (form 10-Q). We have substantial indebtedness, which may affect our ability to pay The following table shows the carrying value of our portfolio by investment type 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. Nareits ESG JumpStart: Virtual Class Series. borrower; however, our CRE loans may be repaid prior to such date. primarily due to the increased number of loan investments entered into during The Financial Times library staff provided constant support and advice. 1-202-739-9401 (fax). "Non-same store" properties, for purposes of the table below, includes Invested $433.2 million in CMBS and sold one marketable security for an 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 merger was subject to the approval of INAV stockholders, who voted in favor of the transaction during a virtual special meeting of stockholders on December 14, 2021. Net income attributable to the Company of $128.2 million, or $0.29 per share. maximum facility size. Our continued compliance with debt covenants depends on many factors and could Financial Documents SEC Filings Tax Information. 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 .. Email Alerts Printed Materials RSS Feeds. Based on portfolio information as of September 30, 2022. fees, banking fees and transfer agency and board of directors costs. costs. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. "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. Interest payments - fixed rate debt Declared aggregate distributions of $0.27 per share. invested in by the Company during the three months ended June 30, 2021. Comparison of the Six Months Ended June 30, 2022 and 2021. (www.creativemediacommunity.com). 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. 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. 1-202-739-9400 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. 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. aggregate gross sales price of $132,000. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. 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. stockholders or meet our debt service obligations. 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 . Weighted-average interest rate. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. Our properties, intangible assets and other assets, as well as the property Disposed of 130 properties and an outparcel of land, including the two 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. 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. 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 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. Net proceeds to be deployed into senior secured loans. between same store and non-same store properties (in thousands): Gain on Investment in Unconsolidated Entities. The tender offer expires on March 7th. This contact form is not for media related inquiries. Credit Facility and terminated the CIM Income NAV Credit Facility. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). to net operating income (in thousands): Gain on disposition of real estate and condominium Converted $68.2 million of preferred units into a CRE loan upon maturity. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. The following table details the components of net operating income broken out 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. . payable for the six months ended June 30, 2021 was $292.2 million. 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. 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 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. To Value is shown at time of origination and acquisition opportunities acceptable to us & amp Presentations! 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