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 year ended December 31, 2012. Historically, we have primarily acquired core commercial real estate assets principally consisting of necessity retail properties located throughout the United States. We use the term “core” to describe existing properties currently operating and generating income that are leased to creditworthy tenants under long-term net leases and are strategically located. In April of 2019, we announced our intention to pursue a more diversified investment strategy, ultimately transitioning to a mortgage REIT, by balancing our existing portfolio of core commercial real estate assets with future investments in a portfolio of commercial mortgage loans and other real estate-related credit investments that we would originate, acquire, finance and manage.
![Cim Real Estate Finance Trust logo](https://files.capedge.com/8-K/0001498547-18-000037/cimlogorgba04.jpg)
Company profile
Ticker
CMRF
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Cole Advisor Retail Income REIT, Inc., COLE CREDIT PROPERTY TRUST IV, INC.
SEC CIK
Corporate docs
Subsidiaries
235 West 75th Street Holdings LLC • 235 West 75th Street Mezzanine LLC • 235 West 75th Street Sponsor LLC • 301 West 53rd Street Holdings LLC • 301 West 53rd Street Mezzanine LLC • 301 West 53rd Street Sponsor LLC • 84 South Furniture, LLC • 88 Lexington Avenue Holdings LLC • 88 Lexington Avenue Mezzanine, LLC • 88 Lexington Avenue Sponsor LLC ...
IRS number
273148022
Latest filings (excl ownership)
SC 14D9
Tender offer solicitation
23 Jul 24
SC TO-T
Third party tender offer statement
16 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
15 Jul 24
DEFA14A
Additional proxy soliciting materials
18 Jun 24
DEFA14A
Additional proxy soliciting materials
15 May 24
10-Q
2024 Q1
Quarterly report
14 May 24
DEFA14A
Additional proxy soliciting materials
3 May 24
DEF 14A
Definitive proxy
26 Apr 24
10-K
2023 FY
Annual report
28 Mar 24
8-K
Departure of Directors or Certain Officers
1 Mar 24
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 305.36 mm | 305.36 mm | 305.36 mm | 305.36 mm | 305.36 mm | |
Cash burn (monthly) | (no burn) | 25.69 mm | (no burn) | (no burn) | (no burn) | |
Cash used (since last report) | n/a | 99.34 mm | n/a | n/a | n/a | |
Cash remaining | n/a | 206.02 mm | n/a | n/a | n/a | |
Runway (months of cash) | n/a | 8.0 | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Jun 24 | Jason K Schreiber | RSU Common Stock | Grant | Acquire A | No | No | 0 | 63,391.442 | 0.00 | 79,239.303 |
10 Jan 24 | Krol Emily Vande | RSU Common Stock | Grant | Acquire A | No | No | 0 | 79,239.303 | 0.00 | 79,239.303 |
10 Jan 24 | Jason K Schreiber | RSU Common Stock | Grant | Acquire A | No | No | 0 | 15,847.861 | 0.00 | 15,847.861 |
9 Jan 24 | Avraham Shemesh | RSU Common Stock | Grant | Acquire A | Yes | No | 0 | 2,221,870.048 | 0.00 | 2,221,870.048 |
9 Jan 24 | DeBacker Nathan David | RSU Common Stock | Grant | Acquire A | No | No | 0 | 55,467.512 | 0.00 | 55,467.512 |