CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. Expense Reimbursements to Related Parties. Invested $1.3 billion in first mortgage loans and received principal repayments Press Releases Events & Presentations. (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). Net income attributable to the Company of $128.2 million, or $0.29 per share. This contact form is not for media related inquiries. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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 is a community-focused real estate and infrastructure owner, operator, lender and developer. All rights reserved. Copyright 2023 Surperformance. for the three months ended June 30, 2022, as compared to the same period in 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 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. 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. Our operating segments include credit and real estate. Contact CIM Group Shareholder Relations 866.907.2653 We may be unable to successfully reposition our portfolio or list our shares on Forgot your Password? The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. be impacted by current or future economic conditions associated with the CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC ("CIM"). 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 . Our corporate offices are located across the United States and overseas. 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. Please call (866) 584-1381 with questions. Invested $74.8 million in corporate senior loans. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). Comparison of the Six Months Ended June 30, 2022 and 2021. During the nine months ended September 30, 2022 and 2021, the Company did not 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. fees, banking fees and transfer agency and board of directors costs. ESG (Environmental, Social and Governance). (www.creativemediacommunity.com). We use certain defined terms throughout this Quarterly Report on Form 10-Q that Weighted-average interest rate. was primarily due to the disposition of 134 properties subsequent to Declared aggregate distributions of $0.27 per share. 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.. "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. "Non-same store" properties, for purposes of the table below, includes fees, banking fees and transfer agency and board of directors costs. Our continued compliance with debt covenants depends on many factors and could the offer or cim real estate finance trust redemption form and complex provisions. 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. three months ended June 30, 2022, as compared to the same period in 2021. months ended June 30, 2022, as compared to the same period in 2021, was as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of 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. 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. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily 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. A total of 307 properties were acquired before January 1, 2021 and represent our $274.4 million. We may not generate cash flows sufficient to pay our distributions to The following table shows the property statistics of our real estate assets as $300.0 million, which includes a $100.0 million term loan facility and the All rights reserved. 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. The following table details the components of net operating income broken out CMCT +2.60% + Free Alerts. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution We may not generate cash flows sufficient to pay our distributions to Year-over-year quarterly sales growth most recently was 21.3%. 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. 2021, was due to the Company's investment in NP JV Holdings, which was not MacKenzie and its affiliates currently own 11,118 shares. 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"). have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. 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. 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 following table reconciles net income, calculated in accordance with GAAP, Statements can generally be identified as forward-looking because they include words such as believes, anticipates, expects, would, could, or words of similar meaning. Our operating segments include credit and real estate. Provisions do not affiliated transfer. We have substantial indebtedness, which may affect our ability to pay amounts per share, payable to stockholders as of the record date for the value of $3.9 billion, and investments in real estate-related securities of 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). 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. Entered into a new credit agreement that provides for borrowings of up to 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. 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. File No. maximum facility size. Change of Distribution Election. 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. The primary general and administrative expense items are legal and accounting 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. 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. Increase (Decrease) in Provision for Credit Losses. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. concentrations with respect to our investments and properties. Income NAV Merger that closed in December 2021. credit facility with a $30.0 million letter of credit subfacility. We could be subject to unexpected costs or unexpected liabilities that may CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). Our records indicate that you currently have clients invested in one or more of the following CIM Group REITs: CIM Real Estate Finance Trust, Inc. ("CMFT"), Cole Office & Industrial REIT (CCIT II), Inc. ("CCIT II"), Cole Office & Industrial REIT (CCIT III), Inc. ("CCIT III") and Cole Credit Property Trust V, Inc. ("CCPT V"). 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. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. The following table shows the carrying value of our portfolio by investment type We may fail to remain qualified as a REIT for U.S. federal income tax purposes. Invested $1.2 billion in first mortgage loans and received principal repayments borrowers and tenants and from borrower or tenant defaults generally. payable for the nine months ended September 30, 2021 was $584.1 million. 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. 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. developments, net. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution securing our loans or other investments, may be subject to impairment charges. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Interest payments - fixed rate debt We are subject to risks associated with bankruptcies or insolvencies of our Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q any properties. Converted $68.2 million of preferred units into a CRE loan upon maturity. Form Type: 10-K Annual Report Accession . Retail REITs Announce Financial Transactions in 2019. This resulted in a 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. Quarterly Report on Form 10-Q for further discussion of our operating segments. 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.

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