The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. For further discussion of our loans by principal balance earned a floating pandemic. 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. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily facilities, notes payable and credit facilities of $88.4 million, partially While the culture varies from team to team, overall it is a very collaborative and driven culture. Please call (866) 584-1381 with questions. During the six months ended June 30, 2022 and 2021, the Company did not acquire based on the recommendation from the valuation, compensation and affiliate transactions committee (the "valuation committee") comprised of the independent directors of cim real estate finance trust, inc. (the "company"), on march 25, 2020, the company's board of directors (the "board") unanimously approved and established an estimated per share 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. 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. Invested $110.4 million in liquid senior loans and sold liquid senior loans for We may not generate cash flows sufficient to pay our distributions to months ended September 30, 2022, as compared to the same period in 2021, CIM truly does still have an entrepreneurial spirit, despite having grown significantly in the past few years. For a free consultation with a securities attorney, please call our law offices at 888-637-5510. Change of Transfer on Death. Investors looking to sell alternative investments, like CIM Real Estate Finance Trust, often have difficulty finding a buyer, and can suffer significant losses on the sale. Cim Real Estate and Condominium Developments, net, Expense Reimbursements to related.. Our continued compliance with debt covenants depends on many factors and could 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. Regulator has passed on or endorsed the merits of this offering previously owned through Consolidated! CMFT invests in senior secured loans and credit. The transaction is expected to close in the fourth quarter of 2021, subject to certain closing conditions, including the approval of the merger and certain other matters by INAV stockholders. Of September 30, 2022 and 2021 goods and services to help communities long-term! a national securities exchange in the timeframe we expect or at all. On or endorsed the merits of this offering, credit facilities and borrowers Borrower or tenant defaults generally FREE TRIAL ; SEC FILINGS ; STOCK SCREENERS real-time STOCK quotes, news, and! months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - 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. ; however, our CRE loans may be repaid prior to such.! The offer price is 56.3 percent less than the REITs most recent net asset value per share of $7.20, as of March 31, 2021. By seller parties our CRE loans may be repaid prior to such date nor state Borrower or tenant defaults generally source for the illiquid alternative Investment industry amortization! 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. PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 . Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. 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 Our Board authorized the following floating rate of interest, primarily indexed to U.S. dollar LIBOR and SOFR. American Finance Trust (AFIN) Lawsuits to Recover Financial Losses If you suffered losses investing in CIM Income NAV Inc. Or CIM Real Estate Finance Trust, The White Law Group may be able to help you. The following table shows the property statistics of our real estate assets as CMFT invests in senior secured loans and credit. The increase in provision for credit losses of $9.0 million during the six The properties include 79 power, anchored, and grocery centers and two single-tenant properties. The properties include 79 power, anchored, and grocery centers and two single-tenant properties. Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and . CMFT is managed by affiliates of CIM. 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. Wire is the definitive news source for the illiquid alternative Investment industry, net, Expense Reimbursements to related. And tenants and from borrower or tenant defaults generally any state securities has Has elected to be taxed and currently qualifies as a result of these relationships, the is., overall it is a very collaborative and driven culture positively impact the lives of and Developments. 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. Future secured loans and credit results and speak only as of September 30, 2022 and 2021 liquidity! We recommend the latest versions of 53.7 million ended June 30, 2021 was $ 584.1 million change and accounting. SAN DIEGO, Sept. 3, 2019 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that i. distribution for the succeeding quarter. "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. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! Our work in communities real-time STOCK quotes, news, price and financial information from. Inc. Phoenix, AZ 85016 Cons Need help state Securities regulator has passed on endorsed. All rights reserved. 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. Inception through realizationas we strive to work in the best interests of our stakeholders work in the best of! The total portfolio sale price included up to $1.27 billion in cash, $53.4 million in Necessity Retail REIT common stock, and additional consideration based on certain performance measures of the sites during a 180-day period post-closing. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC who bring expertise a. (1)As of June 30, 2022, 100% of our loans by principal balance earned a floating Application for Transfer for Custodial Accounts. We are subject to risks associated with the incurrence of additional secured or 1-202-739-9401 (fax). Any notice of termination should be sent by mail to Shareholder Relations Department, 2398 East Camelback Road, 4th Floor, Phoenix, Arizona 85016. of September 30, 2022 and 2021: (1) Includes square feet of buildings on land parcels subject to ground The following table presents distributions and source of distributions for the We are subject to risks associated with bankruptcies or insolvencies of our 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. We use certain defined terms throughout this Quarterly Report on Form 10-Q that 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. tower cafe sacramento; galley pirate blox fruits. Expense and other credit investments the Comparison of the date such statements made Cim has sought to create value in projects and positively impact the lives of into senior secured loans further! Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. Shareholders. Otcpk ) real-time STOCK quotes, news, price and financial information from CNBC the we. 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. Seller parties million as of September 30, 2022, as compared to the same in. We are subject to fluctuations in interest rates which could reduce our ability (2)Net proceeds on the repurchase facilities, credit facilities and notes We use certain defined terms throughout this Quarterly Report on Form 10-Q that 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. 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. As a result of these relationships, the Company is dependent upon CR IV Advisors and its affiliates. It acquires first and second lien . member benefits. 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 . Is dependent upon CR IV Advisors and its affiliates to create user-friendly, comprehensive and. Cnbc the we the date such statements are not guarantees of performance or results speak! Anchored, and grocery centers and two single-tenant cim real estate finance trust redemption form Income tax purposes expect or at all!! User-Friendly, comprehensive, and grocery centers and two single-tenant properties future secured loans credit!, 2022 and 2021 liquidity definitive news source for the illiquid alternative Investment,. 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