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.

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 TO-T
Third party tender offer statement
25 Sep 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
14 Jul 23
SC TO-T/A
Third party tender offer statement (amended)
15 May 23
10-Q
2023 Q1
Quarterly report
12 May 23
DEFA14A
Additional proxy soliciting materials
11 May 23
ARS
2022 FY
Annual report to shareholders
3 May 23
DEFA14A
Additional proxy soliciting materials
3 May 23
DEF 14A
Definitive proxy
28 Apr 23
SC TO-T/A
Third party tender offer statement (amended)
4 Apr 23
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | 468.66 mm | 468.66 mm | 468.66 mm | 468.66 mm | 468.66 mm | |
Cash burn (monthly) | 48.32 mm | (no burn) | (no burn) | (no burn) | (no burn) | |
Cash used (since last report) | 142.99 mm | n/a | n/a | n/a | n/a | |
Cash remaining | 325.67 mm | n/a | n/a | n/a | n/a | |
Runway (months of cash) | 6.7 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Oct 22 | Calvin E Hollis | Common Stock | Grant | Acquire A | No | No | 0 | 11,111.111 | 0.00 | 27,702.179 |
1 Oct 22 | Roger Snell | Common Stock | Grant | Acquire A | No | No | 0 | 11,111.111 | 0.00 | 48,204.419 |
1 Oct 22 | Silver Howard A | Common Stock | Grant | Acquire A | No | No | 0 | 11,111.111 | 0.00 | 38,298.785 |
1 Apr 22 | Calvin E Hollis | Common Stock | Grant | Acquire A | No | No | 0 | 4,003.996 | 0.00 | 16,591.068 |
1 Apr 22 | Roger Snell | Common Stock | Grant | Acquire A | No | No | 0 | 5,570.776 | 0.00 | 36,164.336 |
1 Apr 22 | Silver Howard A | Common Stock | Grant | Acquire A | No | No | 0 | 3,481.735 | 0.00 | 25,932.002 |