Last year, the Company announced its intention to transition to a mortgage REIT. The tender offer expires on March 7th. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. Duff & Phelps LLC, a third-party valuation firm, assisted with the process and estimated a $7.05 to $7.61 per share valuation range with a midpoint of $7.31 per share as of June 30, 2020. }, Home > News Article > CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs. Learn more about whether Cim Real Estate Finance Trust Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. Bruce Ewen, MBA, CIM, CFP 150 Isabella Street Suite 1205 Ottawa, Ontario K1S 5P7 Phone: 613-755-2061 ext. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. e.gh : e.el; For each share of common stock, CCIT II, CCIT III and CCPT V stockholders would receive, 1.501,1.093 and 2.691 shares of CIM Real Estate Finance Trust common stock, respectively, which is valued at approximately $10.97 per CCIT II share, $7.99 per CCIT III share and $19.67 per CCPT V share, based on CIM Real Estate Finance Trusts most recently estimated net asset value per share of $7.31. The pro forma combined . e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? While capital is pouring into these vehicles, exiting in advance of a planned liquidity event, such as a sale or IPO, can come at a steep price for shareholders. For a free consultation with a securities attorney, please call the offices at 888-637-5510. Cole Credit Property Trust V has investments in retail net lease and multi-tenant retail assets. There are not analysts providing consensus . By offering higher prices, we see a lot more people come to the table for more differentiated reasons, says Cox. 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. font-size: 15px; CIM Real Estate Finance Trust, Inc. advads_items = { conditions: {}, display_callbacks: {}, display_effect_callbacks: {}, hide_callbacks: {}, backgrounds: {}, effect_durations: {}, close_functions: {}, showed: [] }; 0 : parseInt(e.mh,0); Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. Before you choose to buy, sell or hold Cim Real Estate Finance Trust Inc stock, youll want to analyze how it has been graded. CIM Real Estate Finance Trust completes mergers with two net lease REITs results in credit-focused REIT w $4.8B total assets Contacts Shareholder Relations ShareholderRelations@cimgroup.com In fact, investors in non-traded REITs must typically wait for an extended period of time, sometimes for up to 10 years or more, before a liquidity event transpires allowing for an exit on the investment. padding-left: 30px; The information contained on this website is provided solely for informational purposes and is considered attorney advertising. CMFT is managed by affiliates of CIM. Estate Planning 101 . The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. As of January 17, 2023, Cim Real Estate Finance Trust Inc had a $0.9 million market capitalization, putting it in the 2nd percentile of companies in the REITs - Commercial industry. .woocommerce-product-gallery{ opacity: 1 !important; } Ressler added that the combined company could provide several benefits for stockholders and would be well-positioned to navigate the post-COVID economic environment. CIM Real Estate Finance Trust, Inc. - 2021-Q4. In January 2012, the board made a number of changes with a view to improving future total returns, including rebasing the dividend to what was deemed a sustainable level and changing the benchmark . In addition to their illiquidity, non-traded REITs like CIM Real Estate Finance Trust usually have high up-front commissions and fees, as well as fees for due diligence and other related administrative expenses. Get your free copy of our special Announces Merger Agreement with CIM Income NAV, Inc. ESG (Environmental, Social and Governance). INAVis managed by affiliates of CIM. Cim Real Estate Finance Trust Incs trailing 12-month revenue is $408.0 million with a 28.7% profit margin. Lastly, its important to evaluate a stock by comparing it against others in the same industry. most likely to outperform the or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock. The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . e.tabw = e.tabw===undefined ? The firm works with clients, including financial advisors that have a book of business, and underwrites shares on fundamentals that include holdings, distribution and purchase programs, and the path to liquidity. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. CIM Real Estate Finance Trust was launched in January 2012, raising more than $3 billion in investor capital prior to its offering closing in April 2014. By Zach Banning Specifically, the Quality Grade is the percentile rank of the composite return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and FScore. The company noted that the transactions are expected to close concurrently but are not cross-conditioned on the consummation of the others. } The DI Wire is the definitive news source for the illiquid alternative investment industry. background-size: 1600px auto; Examples of mini-tender offers over the past year include: Such offers are a bit of a thorn in the side of sponsors, and they are also on the receiving end of backlash from other industry participants that are hoping to provide a more legitimate secondary market option for investors who need liquidity. Path to Liquidity:The merger transaction is one more step in the execution of CMFTs business plan and is anticipated to better position CC CMFT for a public market listing, which, subject to market conditions, is expected to occur in 2022.2. display: none !important; The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8billion in total asset value and a net asset value (NAV) of $2.6billion, based upon the companies respective June30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. Company profile page for CIM Real Estate Finance Trust Inc including stock price, company news, press releases, executives, board members, and contact information 3) Premium is approximate, based on the average exchange ratio. The merger transactions could also better position it for a future liquidity event, including a public listing. This may indicate significant losses for investors. AAII can help you figure these out and identify which investments align with what works best for you. This information is not intended to create, and receipt of this information does not constitute, an attorney-client relationship between you and Giarrusso Law Group LLC or any of its attorneys. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has entered into a definitive merger agreement to acquire CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger . CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. .site-header { market. console.log("Failure at Presize of Slider:" + e) So, if youre still on the fence about whether Cim Real Estate Finance Trust Inc stock is a buy, sell or hold, you can utilize our expansive and robust screening tools like A+ Investor to help make your decision. QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. Cautionary Statement Regarding Forward-Looking Information. } 2020 Cole Credit Property Trust V, Inc. Cole Office & Industrial REIT (CCIT III), Inc. Cole Real Estate Income Strategy (Daily NAV), Inc. CIM . January 18, 2023. President at Queens' College, Cambridge 5d Report this post CMFT is a non-traded real estate investment trust managed by affiliates of CIM Group, LLC . Headquartered in Phoenix, Arizona, CIM Real Estate Finance Trust primarily owns and operates a real estate portfolio of net leased properties throughout the United States. A sharp drop in prices last year in other asset classes means . window.RSIH = window.RSIH===undefined ? Overall, Cim Real Estate Finance Trust Inc stock has a Growth Grade of C, . 2023 Informa USA, Inc., All rights reserved, Equity Investors Pull Back on the Industrial Sector as Return Expectations Dim, Sustainable Strategies for the Modern Investor, Believe It or Not, Its a Great Time To Be a Financial Advisor, Ares Strikes Deal for Office, Naming Rights at Los Angeles Tower, The 10 Best and 10 Worst States in Which to Retire in 2021, Im an Advisor. @media (max-width: 767px) { The Blue Vault Summit could not have been more perfectly timed. PHOENIX, December 30, 2022--CIM Real Estate Finance Trust, Inc. agrees to sell 185 non-core, net lease properties to Realty Income Corporation (NYSE: O) for $894 M e.thumbh = e.thumbh===undefined ? Join the 2,000,000+ individuals who have used AAII to advance their investing knowledge. AAIIs proprietary stock grades come with A+ Investor. RBC Capital Markets, LLC is acting as financial advisor to the Special Committee of the Board of Directors of CMFT, and Sullivan & Cromwell LLP and Venable LLP are acting as legal advisors to the Special Committee of the Board of Directors of CMFT. window.innerWidth : window.RSIW; A number of opportunistic investment groups have been trying to capitalize on the illiquidity within the real estate alts sector with unsolicited mini-tender offers (less than 5%of company shares) to buy shares, often at bargain basement prices. Four publicly registered non-traded real estate investment trusts sponsored by CIM Group have agreed to merge in separate stock-for-stock transactions. Just the opposite: The sector is seeing significant fundraising growth, adds Stephan. 10/17/2022 CIM Real Estate Finance Trust, Inc. Increases Fourth Quarter Dividends by 11%; 12/20/2021 CIM Real Estate Finance Trust, Inc. to Sell Non-Core, Multi-Tenant Retail Properties for More Than $1.32 Billion; 12/16/2021 CIM Real Estate Finance Trust, Inc. Over the years, there have been a number of secondary marketplaces that have launched and failed. We encourage investors to do their own due diligence and research through programs of education that teach you to invest for yourself. color: white !important; Investors may obtain additional information regarding the interest of such participants by reading the proxy statement of INAV regarding its proposed merger with CMFT when it becomes available. e.gw = Array.isArray(e.gw) ? 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