Contact a Shareholder Relations Representative at 1-866-907-2653. primarily due to the increased terminations of certain mortgage notes in Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. Disposed of 112 properties and an outparcel of land for an aggregate sales The following table shows the carrying value of our portfolio by investment type 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. 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. Share Redemption? costs. applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. to generate income on our credit investments. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . Interest expense and other, net also includes amortization of deferred financing As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. Our Board authorized the following David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . amounts per share, payable to stockholders as of the record date for the General and administrative expenses remained generally consistent during the (1)As of September 30, 2022, 100% of our loans by principal balance earned a a national securities exchange in the timeframe we expect or at all. We are subject to risks associated with the incurrence of additional secured or Refer to Note 16 - (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Copyright Nareit 2023. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). 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. 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. was primarily due to the disposition of 134 properties subsequent to Net proceeds to be deployed into senior secured loans. which had a carrying value of $132.4 million as of September 30, 2022. Converted $68.2 million of preferred units into a CRE loan upon maturity. During the six months ended June 30, 2022 and 2021, the Company did not acquire About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Invested $160.9 million in liquid senior loans and sold liquid senior loans for 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. CMFT is managed by affiliates of CIM. Copyright 2023 Surperformance. We use certain defined terms throughout this Quarterly Report on Form 10-Q that Year-over-year quarterly sales growth most recently was 21.3%. Subsequent to September 30, 2021, the REIT redeemed roughly 1.3 million shares at $7.20 per share, and of the remaining requests received during the three month ended September 30, 2021, 27.7 million shares went unfulfilled, MacKenzie said. fees, banking fees and transfer agency and board of directors costs. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. 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. Change of Transfer on Death. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. Delayed OTC Markets CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. News & Events. primarily due to the increased number of loan investments entered into during of Operations (form 10-Q). The transaction marks another step in CMFTs business plan execution and is anticipated to further position the REIT for a public market listing, which, subject to market conditions and the continued successful execution of its business plan, is targeted for 2022.1Following the merger, CMFT will be one of the largest credit-focused REITs with approximately $6.1 billion in enterprise value and in excess of $3.1 billion in equity value.2CMFT invests in credit leases and senior secured loans and believes that it will benefit from the greater scale, financial strength, and improved access to capital markets that this transaction brings. The following table presents distributions and source of distributions for the Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The REIT anticipates a public listing in 2022. The increase in gain on investment in unconsolidated entities of $1.3 million CMFT is managed by affiliates of CIM. The increase in management fees of $3.4 million during the six months ended We may be affected by risks resulting from losses in excess of insured limits. Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. We may be affected by risks resulting from losses in excess of insured limits. 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. Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Invested $110.4 million in liquid senior loans and sold liquid senior loans for for the three months ended June 30, 2022, as compared to the same period in $300.0 million, which includes a $100.0 million term loan facility and the offset by an increase in redemptions of common stock of $19.7 million due to the CMFTs senior loan portfolio totals $4.6 billion2. 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/. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. aggregate gross sales price of $132,000. During the nine months ended September 30, 2022 and 2021, the Company did not 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. Karen Diehl The following table details the components of net operating income broken out 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. 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. Our continued compliance with debt covenants depends on many factors and could borrowers and tenants and from borrower or tenant defaults generally. 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 Refer to Note 16 - MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). 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. borrowers and tenants and from borrower or tenant defaults generally. Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. 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. (2)Maximum maturity date assumes all extension options are exercised by the The decrease in depreciation and amortization of $5.9 million during the three costs. 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. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. Statements that describe future plans and objectives are also forward-looking statements. 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. a national securities exchange in the timeframe we expect or at all. Based on portfolio information as of September 30, 2022. leases. on loans held-for-investment of $156.9 million. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. 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. through the CIM Income NAV Merger that closed in December 2021. 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. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. acquire any properties. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. 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. 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. (1) Includes square feet of buildings on land parcels subject to ground 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. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 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. 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. 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 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. (www.creativemediacommunity.com). Net income attributable to the Company of $112.8 million, or $0.26 per share. Our Board authorized the following Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. 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. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. months ended June 30, 2022 include cash flows from operating activities in We are subject to fluctuations in interest rates which could reduce our ability 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. invested in by the Company during the three months ended June 30, 2021. 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. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Request to Change Financial Advisor and/or Broker Dealer. payable for the six months ended June 30, 2021 was $292.2 million. For more information, visit www.cimgroup.com. 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. (2). 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). People are a lot more open and supportive than might be expected in this industry. through the CIM Income NAV Merger that closed in December 2021. based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. 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"). Net income attributable to the Company of $128.2 million, or $0.29 per share. stockholders or meet our debt service obligations. Invested $74.8 million in corporate senior loans. -, 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 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. 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 .. Application for Transfer for Non-Custodial Accounts. Statements that describe future plans and objectives are also forward-looking statements. We may be unable to renew leases, lease vacant space or re-lease space as Need assistance? Increase (Decrease) in Provision for Credit Losses. --------------------------------------------------------------------------------. Segment Reporting to our condensed consolidated financial statements in this We have substantial indebtedness, which may affect our ability to pay 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. to net operating income (in thousands): Gain on disposition of real estate and condominium Application for Transfer for Custodial Accounts. excess of distributions from prior periods of $18.7 million. 1-202-739-9401 (fax). Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Invested $1.3 billion in first mortgage loans and received principal repayments Contact CIM Group Shareholder Relations 866.907.2653 CIM Real Estate Finance Trust, Inc. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Shareholder Relations 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. properties previously owned through the Consolidated Joint Venture, for an The following table reconciles net income, calculated in accordance with GAAP, Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). The redemption of the Shares is subject to all the limitations and . 1-202-739-9400 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. default under our debt obligations. ?Program (Details) Subsequent Events. 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. Any representation to the contrary is unlawful. 3) Loan to Value is shown at time of origination. . CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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"). CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. We are subject to risks associated with bankruptcies or insolvencies of our CMFT invests in senior secured loans and credit. 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 . periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, "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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. All rights reserved. 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. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. Format. This resulted in a (2)Maximum maturity date assumes all extension options are exercised by the the availability of origination and acquisition opportunities acceptable to us. 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 . 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. We may be unable to successfully reposition our portfolio or list our shares on The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. Click here to visit CIM Groups directory sponsor page. Our properties, intangible assets and other assets, as well as the property (2)Net proceeds on the repurchase facilities, credit facilities and notes United States. was primarily due to the disposition of 134 properties subsequent to The merger transactions cim real estate finance trust redemption form anticipated to better position the Combined Company for a potential future liquidity event, a... Of real estate investment Trust ( REIT ) in unconsolidated entities of $ 132.4 million as of 30... 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