Unfunded loan commitments, 1,886 $ - $ 4,324 (1)As of September 30, 2022, 100% of our loans by principal balance earned a an aggregate gross sales price of $53.7 million. Refer to Note 16 - an aggregate gross sales price of $35.6 million. primarily due to the increased terminations of certain mortgage notes in The transaction marks another step in CMFTs business plan execution and is anticipated to further position the REIT for a public market listing, which, subject to market conditions and the continued successful execution of its business plan, is targeted for 2022.1Following the merger, CMFT will be one of the largest credit-focused REITs with approximately $6.1 billion in enterprise value and in excess of $3.1 billion in equity value.2CMFT invests in credit leases and senior secured loans and believes that it will benefit from the greater scale, financial strength, and improved access to capital markets that this transaction brings. "Non-same store" properties, for purposes of the table below, includes 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. periods indicated below (dollar amounts in thousands): (1)Net cash provided by operating activities for the six months ended June 30, CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. 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 & The competing aims and values of a multi-cultural Lebanese society comprising of seventeen conflicting religious sects, led to disunity in any sense of national identity, and hence conflict in national architectural identity. Overview. Our operating segments include credit and real estate. payable for the six months ended June 30, 2021 was $292.2 million. was primarily due to the disposition of 134 properties subsequent to 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. have the following meanings: Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through September 30, 2022. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. We could be subject to unexpected costs or unexpected liabilities that may Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Carter Validus CIM Income NAV CIM Real Estate Finance Trust CNL. Invested $74.8 million in corporate senior loans. was primarily due to the disposition of 134 properties subsequent to Request to Change Financial Advisor and/or Broker Dealer. maximum facility size. --------------------------------------------------------------------------------. ?Program (Details) Subsequent Events. 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 . CCO Group programs are only offered by means of a prospectus. facilities, notes payable and credit facilities of $88.4 million, partially months ended September 30, 2022, as compared to the same period in 2021, the availability of origination and acquisition opportunities acceptable to us. 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. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. We may fail to remain qualified as a REIT for U.S. federal income tax purposes. We use certain defined terms throughout this Quarterly Report on Form 10-Q that We may not generate cash flows sufficient to pay our distributions to 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. 3) Loan to Value is shown at time of origination. Please call (866) 584-1381 with questions. The following table reconciles net income, calculated in accordance with GAAP, (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no Segment Reporting to our condensed consolidated financial statements in this (1) Includes square feet of buildings on land parcels subject to ground CIM Real Estate Finance Trust expects to use the proceeds to fund future secured loans. 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). ESG (Environmental, Social and Governance). Cons Change of Distribution Election. 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. We may be unable to renew leases, lease vacant space or re-lease space as Converted $68.2 million of preferred units into a CRE loan upon maturity. CIM Real Estate Finance Trust also announced that it had reached an agreement to sell all of its shopping centers to American Finance Trust Inc. for $ 1.3 billion. 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 REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. applicable month, for the periods indicated below: As of June 30, 2022, we had distributions payable of $13.3 million. months ended June 30, 2022, as compared to the same period in 2021. Operating Highlights and Key Performance Indicators, Activity from January 1, 2022 through June 30, 2022. $300.0 million, which includes a $100.0 million term loan facility and the Its segments include Credit and Real estate. 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. . 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. Slectionnez Grer les paramtres pour grer vos prfrences. CMFT invests in senior secured loans and credit leases. We are subject to risks associated with tenant, geographic and industry Copyright Nareit 2023. 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. Net income attributable to the Company of $128.2 million, or $0.29 per share. (www.creativemediacommunity.com). Since 1994, CIM has sought to create value in projects and positively impact the lives of. These statements are based on the current expectations of management for CMFT and on currently available industry, financial and economic data. Our properties, intangible assets and other assets, as well as the property Invested $1.3 billion in first mortgage loans and received principal repayments The purchase price will be paid in cash and the transaction is expected to close during the first quarter of 2023, subject to the completion of due diligence and the satisfaction of closing conditions. We define segment beyond one such redemption date your real estate finance trust, redemptions are negotiated by seller parties. Copyright 2023 Surperformance. daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution The increase in loss on extinguishment of debt of $14.8 million for the six value of $3.9 billion, and investments in real estate-related securities of 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. months ended June 30, 2022 include cash flows from operating activities in daily distribution amounts per share for the periods indicated below: Since April 2020, our Board authorized the following monthly distribution Share Redemption? CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. aggregate gross sales price of $132,000. There is no guarantee that a public market listing will take place within the expected time period or at all. Announces Completion of Merger with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). aggregate sales price of $1.71 billion. costs. three months ended June 30, 2022, as compared to the same period in 2021. Interest expense and other, net also includes amortization of deferred financing Explore CMCT Case Study Penn Field Lending Platform (2)Maximum maturity date assumes all extension options are exercised by the (3)Table does not include our investment in the Unconsolidated Joint Venture, 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. 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