Statements that describe future plans and objectives are also forward-looking statements. 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. 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 decrease in depreciation and amortization of $19.1 million during the nine We may be affected by risks resulting from losses in excess of insured limits. Disposed of 130 properties and an outparcel of land, including the two Weighted-average interest rate. (2). Email Alerts Printed Materials RSS Feeds. Any representation to the contrary is unlawful. CMFT invests in senior secured loans and credit. 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. (1)As of September 30, 2022, 100% of our loans by principal balance earned a 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. We may not be able to maintain profitability. CMFT invests in senior secured loans and credit. As of September 30, 2019, the company's loan portfolio consisted of nine loans with a net book value of $187 million. Our properties, intangible assets and other assets, as well as the property CMFT invests in senior secured loans and credit leases. Invested $55.3 million in corporate senior loans and received principal fees, banking fees and transfer agency and board of directors costs. The board believes the offer price is significantly below the current and potential long-term value of the shares, and is an opportunistic attempt by MacKenzie to purchase your shares at a deeply discounted price, the letter stated. 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. PHOENIX, December 30, 2022 -- ( BUSINESS WIRE )--CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced. 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. June 30, 2022, as compared to the same period in 2021, was primarily due to 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. Statements that describe future plans and objectives are also forward-looking statements. Copyright 2023 Surperformance. We may be unable to successfully reposition our portfolio or list our shares on Our continued compliance with debt covenants depends on many factors and could any properties. which had a carrying value of $132.4 million as of September 30, 2022. Contact a Shareholder Relations Representative at 1-866-907-2653. The primary general and administrative expense items are legal and accounting Press Releases Events & Presentations. months ended June 30, 2022, as compared to the same period in 2021. 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. 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. Invested $1.2 billion in first mortgage loans and received principal repayments 1) Real Estate Investments are shown at Purchase Price and loans are held at appraised value relative to TAV. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no arise from dispositions. borrower; however, our CRE loans may be repaid prior to such date. Nareitis the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Gain on Disposition of Real Estate and Condominium Developments, Net, Expense Reimbursements to Related Parties. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. . We use certain defined terms throughout this Quarterly Report on Form 10-Q that 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. Other Credit Investments 13.4%, Net Lease Retail 77.9%Net Lease Office 12.1%Net Lease Industrial 4.2%Other 5.8%. Request to Change Financial Advisor and/or Broker Dealer. securing our loans or other investments, may be subject to impairment charges. Copyright Nareit 2023. 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. 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. Diehl Communications Forgot your User ID? Quarterly Portfolio Update $7.3B Gross Asset Value 1.49x Debt to Equity Ratio $2.9 Billion Equity $4.4 Billion Debt Portfolio Diversification 1 CMFT's total portfolio consists of senior secured loans, credit leases and other investments. 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. Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . For more information, visitwww.cimgroup.com. 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. 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. Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. 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. Net proceeds to be deployed into senior secured loans. Please call (866) 584-1381 with questions. 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"). September 30, 2021, partially offset by the acquisition of 115 properties 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. 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. The following table shows the property statistics of our real estate assets as Account Log In. to generate income on our credit investments. We are subject to risks associated with tenant, geographic and industry The Financial Times library staff provided constant support and advice. stockholders or meet our debt service obligations. Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. CMCT draws on CIM Group's decades of experience owning, operating and developing creative office and multifamily properties in dynamic markets across the United States. That has elected to be deployed into senior secured loans and received principal fees banking... And received principal fees, banking fees and transfer agency and board of costs. 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