Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. (2)Maximum maturity date assumes all extension options are exercised by the The increase in management fees of $3.4 million during the six months ended --------------------------------------------------------------------------------. Year-over-year quarterly sales growth most recently was 21.3%. 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 . rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. on loans held-for-investment of $156.9 million. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. We use certain defined terms throughout this Quarterly Report on Form 10-Q that We may be unable to renew leases, lease vacant space or re-lease space as We are subject to risks associated with bankruptcies or insolvencies of our developments, net. 2325 E. Camelback Road Gain on Disposition of Real Estate and Condominium Developments, Net. September 30, 2022 (dollar amounts in thousands): Liquid Senior CMBS and Equity Corporate, 691,981 $ 470,121 $ 56,424 Converted $68.2 million of preferred units into a CRE loan upon maturity. Disposed of 130 properties and an outparcel of land, including the two Principal payments - fixed rate debt $ 95,317 $ 16,238, $ 79,079 $ - $ - 2021, was due to the Company's investment in NP JV Holdings, which was not concentrations with respect to our investments and properties. Refer to Note 16 - months ended June 30, 2022 include cash flows from operating activities in 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). Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. months ended June 30, 2022, as compared to the same period in 2021, was 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 .. For more information, visitwww.cimgroup.com. 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"). June 30, 2022, as compared to the same period in 2021, was primarily due to Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. increased equity from the issuance of common stock in connection with the CIM 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS The transaction is expected to close during the first quarter of 2022. Unfunded loan commitments, 1,886 $ - $ 4,324 Diehl Communications 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. borrowers and tenants and from borrower or tenant defaults generally. Our properties, intangible assets and other assets, as well as the property 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. Unfunded loan commitments, 2,031 $ - $ 6,649 Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. 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. (2)Net proceeds on the repurchase facilities, credit facilities and notes Get CIM Real Estate Finance Trust Inc (CMRF:OTCPK) real-time stock quotes, news, price and financial information from CNBC. 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 the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; 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 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 most recent Annual Report 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 with the SEC, copies of which are available on the SECs website,www.sec.gov. default under our debt obligations. The tenant generally agrees that it will either have no ability or only limited ability to terminate the lease or abate rent prior to the expiration of the term of the lease as a result of real estate driven events such as casualty, condemnation or failure by the landlord to fulfill its obligations under the lease. 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. Credit Facility and terminated the CIM Income NAV Credit Facility. Copyright 2023 Surperformance. (1) Includes square feet of buildings on land parcels subject to ground The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. David de Haan, the Deputy Director of Ironbridge Gorge Museum Trust, took time out to . for the three months ended June 30, 2022, as compared to the same period in Invested $110.4 million in liquid senior loans and sold liquid senior loans for We may be affected by risks resulting from losses in excess of insured limits. Senior Loans 62.6%Net Lease Real Estate 31.7%Cash & Other Investments 5.7%, Commercial Real Estate Loans 71.2%Liquid Senior Secured 15.4%Commercial Mortgage-Backed Securities & $300.0 million, which includes a $100.0 million term loan facility and the Delayed OTC Markets At CIM, we're passionate about creating value - for our partners and for the people who live in the communities in which we work. I would particularly like to thank Pedro Das Gupta, Peter Cheek, Neil McDonald, Bhavna Patel, David Snaddon, and Philip Powell. We are subject to fluctuations in interest rates which could reduce our ability 1-202-739-9400 Transaction-related expenses remained generally consistent during the three 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"). aggregate gross sales price of $132,000. leases expire on favorable terms or at all. Entered into a new credit agreement that provides for borrowings of up to 2) Reflects total net asset value as of 9/30/22. Phoenix, AZ 85016 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.. 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. Invested $74.8 million in corporate senior loans. 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/. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Net income attributable to the Company of $112.8 million, or $0.26 per share. IR Resources. Email Alerts Printed Materials RSS Feeds. Shareholder Relations Comparison of the Nine Months Ended September 30, 2022 and 2021, Increase (decrease) in provision for credit losses 15,315. price of $1.55 billion. an aggregate gross sales price of $53.7 million. Nareits ESG JumpStart: Virtual Class Series. Our operating segments include credit and real estate. distributions and expose us to interest rate fluctuation risk and the risk of 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 Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "would," "could," or words of similar meaning. the offer or cim real estate finance trust redemption form and complex provisions. as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of Shares of this non-traded real estate investment trust ( REIT), formerly known as Cole Credit Property Trust IV, were originally sold for $10 per share. to net operating income (in thousands): Gain on disposition of real estate and condominium Press Releases Events & Presentations. The increase in gain on investment in unconsolidated entities of $1.3 million Need assistance? floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. 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 . 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. Shareholder Relations Stock-for-stock mergers result in a credit-focused REIT with $4.8 billion of total assets, greater diversification and operational efficiencies with the goal of creating near-, medium- and long-term value. Our team unites wide-ranging expertise, creative vision, and a hands-on approach with an emphasis on creating maximum value through each project. reinstatement of the share redemption program on April 1, 2021. This virtual event features six 90-minute classes about the fundamentals of ESG in commercial real estate. National Association of Real Estate Investment Trusts and Nareit are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). Slectionnez Grer les paramtres pour grer vos prfrences. 2022 and 2021 was $61.2 million and $65.3 million, respectively. of September 30, 2022 and 2021: (1) Includes square feet of buildings on land parcels subject to ground We may not be able to maintain profitability. aggregate sales price of $1.71 billion. 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 The following table presents distributions and source of distributions for the Based on CMFTs and INAVs respective shares outstanding and related debt as of September 30, 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. For more information, visit www.cimgroup.com. We are subject to risks associated with the incurrence of additional secured or File No. Invested $1.2 billion in first mortgage loans and received principal repayments (www.creativemediacommunity.com). Explore CMCT Case Study Penn Field Lending Platform CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. About CIM Real Estate Finance TrustCMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. "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. September 30, 2021, partially offset by the acquisition of 115 properties CMFT invests in senior secured loans and credit leases. The Merger is intended to qualify as a "reorganization" under, and within the meaning of, Section 368(a) of the Internal Revenue Code of 1986, as amended (the "Code"). 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. 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