Cim Real Estate Finance Trust Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. CIM Real Estate Finance Trust, Inc. ("CMFT"), Cole Office & Industrial REIT (CCIT III), Inc. ("CCIT III") and Cole Credit Property Trust V, Inc. ("CCPT V") today announced that CMFT has acquired each of CCIT III and CCPT V in separate stock-for-stock, tax-free merger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. text-transform: capitalize !important; background-size: 360px auto; These 4 key factors, when combined with the above, provide a holistic view into a stock. The frequency, price, and limitations vary by investment program. 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. The combined company after the Merger will retain the name CIM Real Estate Finance Trust, Inc. The team at Seneca Investment Managers aims to generate average total returns of at least CPI +6% pa over the course of a typical investment cycle. software and grassroots meetings. } console.log("Failure at Presize of Slider:" + e) } newh = Math.max(e.mh,window.RSIH); REITs are a way to invest in real estate without buying a property outright. .menu-item-1122 .dropdown-menu{ This increase, of 11% quarter over quarter, will be reflected in shareholders' monthly dividend . and. Here, the latest contender, has wisely branched off from the main conflict to pursue a lucrative niche: vacation homes. } Cox Capital has underwritten assets with as little as a 1% or 2% discount to about 35% for a more illiquid and distressed asset. In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. CMFT, CCIT III and CCPT V are non-traded REITs managed by affiliates of CIM Group, LLC (CIM). However, there was usually a big disconnect in pricing, what QuickLiquidity wanted to pay versus what the shareholder was willing to accept, notes Miller. Alternative Liquidity Index LP has announced an offer to purchase up to 2,002,000 Contingent Value Rights (the "CVRs") of Jade Power Trust (the "Issuer"), at a price of $0.2 (2 cents) in US . Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. You should not act or elect to act based upon this information without seeking professional counsel regarding your situation. 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 228 | Cell: 613-798-3804. BREIT's S shares, with a minimum investment of $2,500, cost 2.1% per year (a 1.25% management fee plus a 0.85% stockholder servicing fee), in . xh . Unfortunately, redeeming shares with the sponsor often presents logistical hurdles, including only being able to redeem a set percentage of shares at predetermined intervals (for example, quarterly), thus impacting liquidity. 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 To begin, as a non-traded REIT, an investment in CIM Real Estate Finance Trust is very illiquid. Even the SEC acknowledges that mini-tender offers are often aimed at catching investors off guard and offers a list of tips to shareholders. if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } In the same vein, the interest rate on savings accounts was . Each respective Board of Directors subsequently unanimously approved the entry by its REIT into the merger agreement. Cautionary Statement Regarding Forward-Looking Information. Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. For more information, visitwww.cimgroup.com. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. background-color: transparent; #primary-menu .dropdown-menu.show{ color: #f98e11; 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. AAII has helped over 2 million individuals MacKenzie and its affiliates currently own 11,118 shares. Cim Real Estate Finance Trust Inc's trailing 12-month revenue is $408.0 million with a 28.7% profit margin. e.gh : [e.gh]; @media (max-width: 767px) { Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions. Investors who wish to discuss a possible claim may contact us at (201) 771-1115 or info@gialawgroup.com for a no-cost, confidential consultation. Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Four CIM REITs Plan to Merge to Create $5.9 Billion REIT, Click here to subscribe to our Daily News Updates, Capital Square Expands Executive Team with Two New Hires, Go Store It Buys Vacant Sams Club in South Carolina OZ for Self-Storage Conversion, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. Equity Sales Company, CIM Real Estate Finance Trust, Inc. Completes Merger with Two CIM Net Lease REITs, Alts Week 2022 Presentations & Panel Discussions, Capital Square Reports Record Year: $2.29 Billion in Acquisitions and More Than $1 Billion in Equity Raised in 2022, Bluerock Capital Markets Logs a Record $4+ Billion in Annual Capital Raise in 2022, Up 92% Over 2021s Record Inflows, StratCap Acquires Nearly $20 Million in Digital Infrastructure Assets in December, Phoenix American Announces New Client, Cannabis Fund Sponsor AC Capital Partners, for Fund Administration, Understanding the Terms of the Blackstone REIT Share Repurchase Plan. border-top: 3px solid #f98e11; ix = 0, AAIIs stock screen that follows the companies with the highest earnings estimate revisions (i.e., the best grades) has a 23.3% backtested annual return since inception, whereas an example screen following those with the worst revisions has a backtested annual return since inception of under 5%. Upon closing, the board of CIM Real Estate Finance Trust will be increased so that all independent directors of CCIT II, CCIT III and CCPT V that are not currently independent directors of the combined company will be added to the board. However, there is a bigger ecosystem that is being built to facilitate liquidity in a very illiquid marketplace, he adds. CMFT and INAV have made a presentation available detailing the highlights of the proposed transaction atwww.cimgroup.com/announcements. In order to compute the Growth Score and assign it a letter grade, the percentile ranks for each of the three individual components‐consistency of annual sales growth, five‐year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. pw = pw===0 || isNaN(pw) ? 9/22/2021. At the effective time of the CCIT III . } var advadsCfpQueue = []; Founded as the Taverners Trust and initially managed by Aberdeen Asset Management, the trust became the Midas Income & Growth Trust in August 2005. The pro forma combined company (CC CMFT) would have approximately $6.0 billion in total enterprise value, creating a leading commercial credit-focused real estate investment trust (REIT) with greater tenant, industry, and asset type diversity, financial strength, and improved access to capital markets. Wealth Management is part of the Informa Connect Division of Informa PLC. 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. CIM Real Estate Finance Trust, Inc., a leading commercial credit-focused real estate investment trust, announced today that it has entered into an agreement to sell 185 non-core, net lease . Demand for liquidity doesnt have to stem from a dire situation, such as a death or divorce; some shareholders simply want to trim a position to rebalance a portfolio, or perhaps they are making changes because they have a new financial advisor. CMFT and INAV are non-traded REITs managed by affiliates of CIM Group, LLC ("CIM"). background: url(https://bluevaultpartners.com/wp-content/themes/bvp/images/headers/circle.png) no-repeat scroll top; Both CMFT and INAV and their directors and executive officers, as well as certain affiliates of CIM Group, LLC serving as their external advisors, may be deemed to be participants in the solicitation of proxies from their respective shareholders (or, in the case of CMFT, from the stockholders of INAV) in respect of the proposed merger between INAV and CMFT. 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 Oftentimes, they are thrilled to take any available offer because there are no other options to access quick liquidity, even if they feel that the offer doesnt represent a fair price, notes Cox. It is essentially the inverse of the P/E ratio. THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. CIM investors who require immediate liquidity through participation in Comrits current tender offer may suffer considerable losses, excluding any distributions to date. The merger is expected to produce meaningful benefits for stockholders of CMFT and INAV, including: Greater Scale & Relevance:With $6.0 billion and $3.2 billion1in enterprise value and equity value, respectively, CC CMFT will be one of the largest credit-focused REITs, increasing its relevance in the capital markets and reducing its cost of debt and equity capital. The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. Prior results do not guarantee similar outcomes. e.gh = Array.isArray(e.gh) ? 0 : parseInt(e.tabh); Comrits recent tender offer follows a previous offer made to CIM investors which closed in April 2021, at an offer price of $4.50 per share. STOCKHOLDERS OF INAV ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING THE RELEVANT PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. Brian King at Realto Capital describes MacKenzie Capital and others as taking a vulture-like approach that takes advantage of unsuspecting retail investors by A) painting a worst-case scenario for shareholders; B) offering a low-ball price and C) giving them a very short window to act nowjust like a late-night infomercial. Another point of contention is that third-party tender firms are circumventing financial advisors and going right to shareholders, who may not be sophisticated real estate investors. display: none !important; function gtag(){dataLayer.push(arguments);}
The immediate benefits of the transaction include increased scale along with asset and tenant diversity, while maintaining a flexible balance sheet. e.thumbh = e.thumbh===undefined ? build their investment wealth through gtag('config', 'G-7K1TNEL3NK');
line-height: 31px; By joining Japan Korea Week you will also have 12 months' exclusive access to all of PERE's leading events, networking focused meetings, latest market insights, and an expansive directory of managers and investors. Its also important to note that these are not liquidity solutions that are being offered in a market that is no longer growing. This information should not be relied upon or construed as legal advice. CMFT is managed by affiliates of CIM. Investors in CIM Real Estate Finance Trust, Inc. (CIM, or the Company) who invested on the advice of a financial advisor may be able to recover their losses through FINRA arbitration, if the recommendation to invest lacked a reasonable basis, or if the investor was otherwise misled into making the investment. background-size: 768px auto; Cim Real Estate Finance Trust Inc does not currently pay a dividend. display: block; for (var i in e.rl) nl[i] = e.rl[i] Amy Tarkanian Photos,
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