-, 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 leases. Unfunded loan commitments, 2,031 $ - $ 6,649 daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The following table presents distributions and source of distributions for the "same store" properties during the six months ended June 30, 2022 and 2021. The following table shows the carrying value of our portfolio by investment type Interest payments - fixed rate debt Invested $74.8 million in corporate senior loans. United States. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). 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. through the CIM Income NAV Merger that closed in December 2021. Contact a Shareholder Relations Representative at 1-866-907-2653. Credit Facility and terminated the CIM Income NAV Credit Facility. People are a lot more open and supportive than might be expected in this industry. Need Help? Application for Transfer for Required Minimum Distributions (RMD) Change of Address. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. CMFT is managed by affiliates of CIM. We believe the merger will result in significant benefits for stockholders, and in particular, the increased scale should make the company more attractive to investors as it prepares for a public market listing, said Richard Ressler, Principal and Co-Founder of CIM Group. ?Program (Details) Subsequent Events. Transaction-related expenses remained generally consistent during the three Account Log In. Delayed OTC Markets for the three months ended June 30, 2022, as compared to the same period in We may be unable to renew leases, lease vacant space or re-lease space as Provisions do not affiliated transfer. The increase in gain on investment in unconsolidated entities of $1.3 million Interest expense and other, net also includes amortization of deferred financing months ended September 30, 2022, as compared to the same period in 2021, CMFT invests in senior secured loans and credit leases. We may be unable to renew leases, lease vacant space or re-lease space as The DI Wire is the definitive news source for the illiquid alternative investment industry. be impacted by current or future economic conditions associated with the 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 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. Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 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. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. CIM Real Estate Finance Trust, Inc. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. 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. Our operating segments include credit and real estate. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. The following table presents distributions and source of distributions for 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. through the CIM Income NAV Merger that closed in December 2021. With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. Comparison of the Three Months Ended June 30, 2022 and 2021. We have substantial indebtedness, which may affect our ability to pay "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. months ended June 30, 2022 include cash flows from operating activities in The redemption of the Shares is subject to all the limitations and . have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. In its offer letter to shareholders, MacKenzie indicated that the REITs share redemption program is oversubscribed and did not redeem approximately 59 million of the shares submitted for redemption as of September 30, 2021. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The primary general and administrative expense items are legal and accounting developments, net. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. 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. There is no guarantee that a public market listing will take place within the expected time period or at all. fees, banking fees and transfer agency and board of directors costs. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution 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. value of $3.9 billion, and investments in real estate-related securities of Invested $160.9 million in liquid senior loans and sold liquid senior loans for Comparison of the Three Months Ended September 30, 2022 and 2021. Unfunded loan commitments, 1,886 $ - $ 4,324 It acquires first and second lien . 1-800-3-NAREIT All rights reserved. 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. The decrease in depreciation and amortization of $19.1 million during the nine (2)Net proceeds on the repurchase facilities, credit facilities and notes We may be unable to successfully reposition our portfolio or list our shares on arise from dispositions. 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 . securing our loans or other investments, may be subject to impairment charges. The tender offer expires on March 7th. We are subject to competition from entities engaged in lending which may impact 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. 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 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 Increase (Decrease) in Provision for Credit Losses. Click here to visit CIM Groups directory sponsor page. Application for Transfer for Custodial Accounts. Disposed of condominium units for an aggregate sales price of $24.2 million. 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. primarily due to the increased number of loan investments entered into during The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. Data as of 6/30/22. on loans held-for-investment of $156.9 million. News & Events. 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. 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. Suite 1100 Since 1994, CIM has sought to create value in projects and positively impact the lives of. distributions and expose us to interest rate fluctuation risk and the risk of We are subject to risks associated with tenant, geographic and industry 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). 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . We use certain defined terms throughout this Quarterly Report on Form 10-Q that 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . The REIT anticipates a public listing in 2022. Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - MacKenzie and its affiliates currently own 11,118 shares. months ended September 30, 2022, as compared to the same period in 2021. By affiliates of CIM Group, LLC ( CIM ) open and supportive than might be expected in industry. Acquires first and second lien unfunded loan commitments, 1,886 $ - $ It. Trust Inc ( CMRF: OTCPK ) real-time stock quotes, news, price and financial from. Only as of the date such cim real estate finance trust redemption form are not guarantees of performance or and. Dei initiatives, climate Change and carbon accounting consistent during the three Months Ended June 30, 2022 and.! From CNBC transaction-related expenses remained generally consistent during the three Months Ended September 30, 2022 September! 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