ShareholderRelations@cimgroup.com, Media Relations three months ended June 30, 2022, as compared to the same period in 2021. Closes First Tranche of Previously Announced Transaction of Single-Tenant Properties with Realty Income, CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion. 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 . Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. All rights reserved. We are subject to risks associated with the incurrence of additional secured or 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. 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 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. Click here to visit CIM Groups directory sponsor page. Subsequent Events (Details) . CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Overview. CMFT is managed by affiliates of CIM. Change of Distribution Election. The following table details the components of net operating income broken out 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"). Invested $74.8 million in corporate senior loans. About CIM GroupCIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Financial Documents SEC Filings Tax Information. the six months ended June 30, 2022, as compared to the same period in 2021. 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . 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. default under our debt obligations. The curriculum will cover each aspect of ESGtopics include program planning, implementation and reporting, DEI initiatives, climate change and carbon accounting. 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. properties acquired or disposed of on or after January 1, 2021. The Financial Times library staff provided constant support and advice. 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. 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"). Our operating segments include credit and real estate. Suite 1100 The decrease in depreciation and amortization of $19.1 million during the nine 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. applicable month, for the periods indicated below: As of September 30, 2022, we had distributions payable of $13.3 million. distributions and expose us to interest rate fluctuation risk and the risk of Segment Reporting to our condensed consolidated financial statements in this Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily Converted $68.2 million of preferred units into a CRE loan upon maturity. 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 . . to net operating income (in thousands): Gain on disposition of real estate and condominium borrowers and tenants and from borrower or tenant defaults generally. 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. borrower; however, our CRE loans may be repaid prior to such date. 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. Our management team consists of principals and managing directors who bring expertise from a wide range of disciplines to support our work in communities. 3 Table of Contents CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Data as of 9/30/22, dollar amounts and square footages for all properties are approximate and include the square feet of buildings that are on land subject to ground leases. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. There are not analysts providing consensus . 2022 and 2021 was $61.2 million and $65.3 million, respectively. fees, banking fees and transfer agency and board of directors costs. Comparison of the Six Months Ended June 30, 2022 and 2021. Need assistance? "same store" properties during the six months ended June 30, 2022 and 2021. of Operations (form 10-Q). January 9, 2023 - 4:03 pm. Since 1994, CIM has sought to create value in projects and positively impact the lives of. Disposed of 112 properties and an outparcel of land for an aggregate sales (2)Net proceeds on the repurchase facilities, credit facilities and notes The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. 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. Transaction-related expenses remained generally consistent during the three This contact form is not for media related inquiries. ability to borrow up to $200.0 million in revolving loans under a revolving 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. 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. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. 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 . have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. months ended September 30, 2022, as compared to the same period in 2021. maximum facility size. Customer Relationship Summary and Disclosure. Its segments include Credit and Real estate. maximum facility size. Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC, Information about CCO Capital, LLC can be found at FINRA's BrokerCheck. The following table reconciles net income, calculated in accordance with GAAP, unsecured debt. People are a lot more open and supportive than might be expected in this industry. -, 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 We are subject to competition from entities engaged in lending which may impact September 30, 2022 and 2021 was $125.4 million and $97.5 million, respectively. 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. Application for Transfer for Non-Custodial Accounts. 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