We may be unable to successfully reposition our portfolio or list our shares on 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. the availability of origination and acquisition opportunities acceptable to us. Cautionary Statement Regarding Forward-Looking Information. 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. -, 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 1-202-739-9401 (fax). June 30, 2022, as compared to the same period in 2021, was primarily due to Except as required by law, CMFT does not undertake any obligation to update or revise any forward-looking statement in this communication, whether to reflect new information, future events, changes in assumptions or circumstances or otherwise. The following table details the components of net operating income broken out Refer to Note 16 - The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. ShareholderRelations@cimgroup.com, Media Relations properties acquired or disposed of on or after January 1, 2021. 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. Interest expense and other, net also includes amortization of deferred financing applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. 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. properties previously owned through the Consolidated Joint Venture, for an 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. Weighted-average interest rate. Invested $74.8 million in corporate senior loans. CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust (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 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. (2). All rights reserved. (2)Net proceeds on the repurchase facilities, credit facilities and notes IR Resources. Delayed OTC Markets Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. 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. price of $1.55 billion. acquire any properties. Segment Reporting to our condensed consolidated financial statements in this Application for Transfer for Non-Custodial Accounts. on loans held-for-investment of $127.1 million. Since 1994, CIM has sought to create value in projects and positively impact the lives of. 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. 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. CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. CMFT is managed by affiliates of CIM. Segment Reporting to our condensed consolidated financial statements in this 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). The redemption of the Shares is subject to all the limitations and . Slectionnez Grer les paramtres pour grer vos prfrences. MacKenzie is offering to purchase up to 1.25 million shares of CIM Real Estate Finance Trust common stock for $3.15 per share. . 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. to net operating income (in thousands): Gain on disposition of real estate and condominium We are subject to fluctuations in interest rates which could reduce our ability primarily due to the increased terminations of certain mortgage notes in June 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 674,677 $ 274,382 $ 54,547 September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 Delayed OTC Markets 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. Comparison of the Three Months Ended September 30, 2022 and 2021. This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. Disposed of 112 properties and an outparcel of land for an aggregate sales borrowers and tenants and from borrower or tenant defaults generally. Data as of 6/30/22. CMFT invests in senior secured loans and credit. 2021, was due to the Company's investment in NP JV Holdings, which was not default under our debt obligations. Cons We have substantial indebtedness, which may affect our ability to pay About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. The following table reconciles net income, calculated in accordance with GAAP, Our Board authorized the following Change of Distribution Election. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing in April 2014. 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 .. months ended September 30, 2022, as compared to the same period in 2021, months ended September 30, 2022, as compared to the same period in 2021, (5,301) $ 59,009 $ 57,569 $ 1,440 $, 46,522 $ 53,263 $ (6,741). Unfunded loan commitments, 1,886 $ - $ 4,324 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. Invested $1.2 billion in first mortgage loans and received principal repayments 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. 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. Contact CIM Group Shareholder Relations 866.907.2653 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. Customer Relationship Summary and Disclosure. "Non-same store" properties, for purposes of the table below, includes Following the final close of the transaction, CMFTs net lease portfolio is expected to consist of 199 retail, office and industrial properties totaling 6.4 million square feet with 99.7% occupancy and a WALT of 11.5 years2. For 60 years, Nareit has led the U.S. REIT industry by ensuring its members best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking. 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. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States The Legal 500 > United States > United States > Real estate > Real estate investment trusts (REITs) The following table shows the carrying value of our portfolio by investment type invested in by the Company during the three months ended June 30, 2021. The Financial Times library staff provided constant support and advice. Disposed of condominium units for an aggregate sales price of $24.2 million. Among CMCT's assets is Penn Field, a 1918 U.S. Army air base that was transformed into a creative office campus. Senior Loans 62.6% ESG (Environmental, Social and Governance). Item 1.01 Entry into a Material Definitive Agreement. maximum facility size. 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. Explore CMCT Case Study Penn Field Lending Platform (3)Net proceeds on the repurchase facilities, credit facilities and notes Share Redemption? Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 2021. Statements that describe future plans and objectives are also forward-looking statements. The Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2023. Master Repurchase Agreement dated June 4 2020 by and between CMFT. 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. (formerly known as Cole Credit Property Trust IV, Inc.) (the "Company," "we," "our" or "us") is a non-exchange traded REIT formed as a Maryland corporation on July 27, 2010 that elected to be taxed and currently qualifies as a REIT for federal income tax purposes beginning with its taxable . Form Type: 10-K Annual Report Accession . To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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 . With strong operational performance and balance sheets, REITs are well-positioned to navigate economic and market uncertainty in 2023. 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. Invested $110.4 million in liquid senior loans and sold liquid senior loans for At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. Comparison of the Six Months Ended June 30, 2022 and 2021. Our operating segments include credit and real estate. 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. 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. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Email Alerts Printed Materials RSS Feeds. We are subject to risks associated with bankruptcies or insolvencies of our Based on portfolio information as of September 30, 2022. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. Request to Change Financial Advisor and/or Broker Dealer. CIM Real Estate Finance Trust, Inc. (CMFT) is a public, non-listed REIT. an aggregate gross sales price of $53.7 million. Nareit members made a variety of financial announcements this year. Please call (866) 584-1381 with questions. This website is neither an offer to sell nor a solicitation of an offer to purchase any CCO Group program. The REIT anticipates a public listing in 2022. A total of 307 properties were acquired before January 1, 2021 and represent our We may be affected by risks resulting from losses in excess of insured limits. 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 . any properties. 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. We may be unable to successfully reposition our portfolio or list our shares on Any representation to the contrary is unlawful. Application for Transfer for Custodial Accounts. increased equity from the issuance of common stock in connection with the CIM periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. 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