CIM Real Estate Finance Trust, Inc. (CMRF)
OTC PINK OTC PINK Primary Summary
CIM Real Estate Finance Trust, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAD Chelsea A. Delgado Main Street Group Ltd. | 19,420 | $41,698.48 | $46,219.6 | $4,521.12 | 10.84% |
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CIM Real Estate Finance Trust, Inc. Profile
| Retail REITs Industry | Real Estate Sector | Richard S. Ressler CEO | OTC PINK Exchange | 12558Q103 CUSIP |
| US Country | - Employees | 30 Jul 2026 Last Dividend | - Last Split | - IPO Date |
Overview
CIM Real Estate Finance Trust, Inc. is a non-exchange traded Real Estate Investment Trust (REIT) established in Maryland on July 27, 2010. The company has been operating to qualify as a REIT for U.S. federal income tax purposes since the taxable year ended December 31, 2012. It aims to generate attractive risk-adjusted returns and foster long-term value for its investors through a diversified investment portfolio. As of March 31, 2024, the company holds a significant portfolio, including 254 loans valued at $4.1 billion, along with real estate-related securities and other investments worth $513.5 million. Commercial real estate lending operations are expected to be conducted through CIM Commercial Lending REIT (CLR), a subsidiary expected to be taxed as a REIT. As of the same date, CLR possesses a diversified loan portfolio valued approximately at $1.6 billion. The company owns 192 properties across 37 states, encompassing around 6.2 million rentable square feet of commercial space, which is 99.9% leased as of March 31, 2024. Additionally, CIM Real Estate Finance Trust, Inc. has condominium developments with a net book value of $80.1 million. The management of the company's operations is undertaken by CIM Real Estate Finance Management, LLC, an affiliate of CIM Group, LLC.
Products and Services
- Senior Secured Mortgage Loans:
- Net-Leased Property Investments:
- Liquid Credit Investments:
- Real Estate-Owned Properties:
The company invests in a diversified portfolio of senior secured mortgage loans. This includes a large portion of its loan portfolio held by the subsidiary, CIM Commercial Lending REIT (CLR), which houses approximately $1.6 billion in senior secured mortgage loans and commercial mortgage-backed securities as of March 31, 2024.
Investments in creditworthy long-term net-leased property play a crucial role in the company's strategy to provide long-term value to its investors. These investments involve leasing properties to tenants under long-term leases where the tenant is responsible for most, if not all, of the expenses related to the property.
The company also diversifies its portfolio through investments in liquid credit, enhancing its risk-adjusted return potential for investors. This includes a mix of real estate-related securities and other credit investments.
As of March 31, 2024, the company boasts ownership of 192 properties across 37 states, with a total of approximately 6.2 million rentable square feet of commercial space. The portfolio is almost fully leased, showcasing the company's successful property management and investment strategy. Additionally, the company invests in condominium developments, holding a net book value of $80.1 million.
