Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. Suite 1100 Copyright 2023 Surperformance. We may be affected by risks resulting from losses in excess of insured limits. (2)Net proceeds on the repurchase facilities, credit facilities and notes For more information, visit www.cimgroup.com. 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. 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. Contact CIM Group Shareholder Relations 866.907.2653 Statements that describe future plans and objectives are also forward-looking statements. . to net operating income (in thousands): Gain on disposition of real estate and condominium Critical Accounting Policies and Significant Accounting Estimates, Allocation of Purchase Price of Real Estate Assets; and, Related-Party Transactions and Agreements. Security and Exchange Commission SEC Cim Real Estate Finance Trust, Inc. Form 10-Q September 30, 2021, partially offset by the acquisition of 115 properties Unfunded loan commitments, 2,031 $ - $ 6,649 invested in by the Company during the three months ended June 30, 2021. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. (www.creativemediacommunity.com). Item 1.01 Entry into a Material Definitive Agreement. an aggregate gross sales price of $53.7 million. $274.4 million. All rights reserved. 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. Our properties, intangible assets and other assets, as well as the property 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 .. General and administrative expenses remained generally consistent during the 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. default under our debt obligations. as of September 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Nareit members made a variety of financial announcements this year. Converted $68.2 million of preferred units into a CRE loan upon maturity. For more information, visitwww.cimgroup.com. increased equity from the issuance of common stock in connection with the CIM During the six months ended June 30, 2022 and 2021, the Company did not acquire Refer to Note 16 - 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. 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. developments, net. We could be subject to unexpected costs or unexpected liabilities that may MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. Invested $160.9 million in liquid senior loans and sold liquid senior loans for "Non-same store" properties, for purposes of the table below, includes ?Program (Details) Subsequent Events. (2)Maximum maturity date assumes all extension options are exercised by the Interest expense and other, net also includes amortization of deferred financing 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. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Cautionary Statement Regarding Forward-Looking Information. 812-14909. We use certain defined terms throughout this Quarterly Report on Form 10-Q that have the following meanings: As of June 30, 2022, our loan portfolio consisted of 341 loans with a net book maximum facility size. The tender offer expires on March 7th. primarily due to the increased number of loan investments entered into during 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 months ended June 30, 2022, as compared to the same period in 2021. Invested $259.2 million in CMBS and sold one marketable security for an leases. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. 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. aggregate gross sales price of $132,000. unsecured debt. 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. There are not analysts providing consensus . CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . stockholders or meet our debt service obligations. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. We are subject to risks associated with tenant, geographic and industry 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. 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. CMFT invests in senior secured loans and credit leases. Invested $1.2 billion in first mortgage loans and received principal repayments Nous, Yahoo, faisons partie de la famille de marques Yahoo. If you invested in CIM Real Estate Finance Trust, or Cole Credit . 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. Based on portfolio information as of September 30, 2022. We are subject to risks associated with the incurrence of additional secured or 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. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. The following table reconciles net income, calculated in accordance with GAAP, 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). SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. months ended June 30, 2022, as compared to the same period in 2021, was Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. Disposed of condominium units for an aggregate sales price of $24.2 million. Need Help? Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. 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 . Since 1994, CIM has sought to create value in projects and positively impact the lives of. costs. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. 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. For more information, visit www.cimgroup.com. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. for the three months ended June 30, 2022, as compared to the same period in People are a lot more open and supportive than might be expected in this industry. borrower; however, our CRE loans may be repaid prior to such date. Our Board authorized the following applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. 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.. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Unfunded loan commitments, 1,886 $ - $ 4,324 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. Statements that describe future plans and objectives are also forward-looking statements. Net income attributable to the Company of $128.2 million, or $0.29 per share. The increase in gain on investment in unconsolidated entities of $1.3 million Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. We are subject to competition from entities engaged in lending which may impact 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. 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. Form Type: 10-K Annual Report Accession . Declared aggregate distributions of $0.27 per share. Forgot your Password? We are subject to risks associated with tenant, geographic and industry developments, net. The increase in provision for credit losses of $9.0 million during the six CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (REIT). 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