Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions. 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 separatestock-for-stock,tax-freemerger transactions pursuant to definitive agreements executed in August 2020 and amended in October and November 2020. In connection with the proposed merger, CMFT intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of INAV and will also constitute a prospectus of CMFT. MONTRE The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. 1) Based on CMFT and INAVs respective most recently published NAVS, published as of 3/31/2021 and 7/31/2021 respectively. .ewd-ufaq-post-margin-symbol{ Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too). display: none; CIMs board recently announced a post-merger net asset value (NAV) of $7.20 per share for the Companys common stock, valued as of March 31, 2021. Kindly share this postIt was a night of glowing tributes for the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, CCIE, as Forbes Magazine recognised him as Best of Africa Outstanding Corporate Governance CEO Award, 2022. .menu-item-1122 .dropdown-menu{ By Zach Banning Each of the Cole Office & Industrial REITs hold investments in office and industrial net lease assets. .ufaq-faq-body { LOS ANGELES--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. Stockholders of INAV will be able to obtain such documents free of charge at the SECs website,www.sec.gov, or through CIM Group LLCs website athttps://www.cimgroup.com/announcements, as they become available. Cautionary Statement Regarding Forward-Looking Information. Fundraising has been led by NAV REITs at $23.6 billion, nontraded BDCs at $17.1 billion, interval funds at $15.5 billion and DSTs at $6.0 billion. 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. REITs are a way to invest in real estate without buying a property outright. 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 . } CIM Real Estate Finance Trust Inc. (CMFT), Cole Office & Industrial REIT Inc. (CCIT II), Cole Office & Industrial REIT Inc. (CCIT III), and Cole Credit Property Trust V Inc. (CCPT V), four publicly registered non-traded real estate investment trusts sponsored by affiliates of CIM Group, have agreed to merge in separate stock-for-stock transactions, with CIM Real Estate Finance Trust as the surviving entity. 228 | Cell: 613-798-3804. img#wpstats{display:none} Forward-looking statements are not guarantees of performance or results and speak only as of the date such statements are made. At the effective time of the CCIT III . The Earnings Estimate Revisions Grade takes into account the magnitude of a companys earnings surprise in its last two reported fiscal quarters. } INAV is a public, non-traded corporation that has elected to be taxed and currently qualifies as a REIT. CMFT is managed by affiliates of CIM. e.tabw = e.tabhide>=pw ? e.gh = Array.isArray(e.gh) ? Lastly, its important to evaluate a stock by comparing it against others in the same industry. Dividends made by Cim Real Estate Finance Trust from their annual profits to their shareholders are shown here - normally on an interim and annual basis. Except as required by law, neither of CMFT or INAV undertakes any obligation to update or revise any forward-looking statement in this communication, whether to reflect new information, future events, changes in assumptions or circumstances or otherwise. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. @media (max-width: 359px) { Read on to find out how (CMRF) grades on certain investment factors and determine whether it meets your investment needs. PHOENIX - October 17, 2022 - CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05c to 3.39c . } if ( 'undefined' == typeof advadsProCfp ) { advadsCfpQueue.push( adID ) } else { advadsProCfp.addElement( adID ) } CMFT, CCIT III and CCPT V arenon-tradedREITs managed by affiliates of CIM Group, LLC (CIM). 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 . . 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. LOS ANGELES--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 transaction. 0 : parseInt(e.tabw); } Even the SEC acknowledges that mini-tender offers are often aimed at catching investors off guard and offers a list of tips to shareholders. The merger transactions are anticipated to better position the Combined Company for a potential future liquidity event, including a public market listing. The tender offer expires on March 7th. May 10, 2022. gtag('config', 'G-7K1TNEL3NK'); .woocommerce-product-gallery{ opacity: 1 !important; } Learn More, 2023 American Association of Individual Investors. When initially contacting us via the websites contact form, e-mail, telephone, or by any other means, do not include any confidential or sensitive information. 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. Another significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist substantially of return of capital. The transactions were subject to the approval of the respective mergers and certain other matters by stockholders of CCIT III and CCPT V. Both CCITIII and CCPT V stockholders voted in favor of the respective mergers during virtual special meetings of stockholders held on December17, 2020. 0 : e.thumbw; e.gh = e.el===undefined || e.el==="" || (Array.isArray(e.el) && e.el.length==0)? It is anticipated that five to seven directors will be recommended for election. This communication may be deemed to be solicitation material in respect of the proposed merger of INAV with CMFT. 9/22/2021. 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 . Event Calendar SGU's Profile Stock Price SGU's Financials Business Description Fundamentals Charts & Quotes SGU's News Suppliers SGU's Competitors margin-bottom: 4px; About CIM Real Estate Finance Trust, Inc. CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. Summit 2023; Alts Week 2022 Presentations & Panel Discussions; BV Webinars; BV Past Webinars; Industry Events; Podcasts; Resources. background-color: transparent; Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, today announced that it has signed a definitive agreement to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust, Inc. (CMFT), a non-listed REIT which is sponsored by an affiliate of CIM Group, for approximately $894 million in cash. .tribe-events-single-event-title{ In addition to Growth, A+ Investor also provides grades for Value, Momentum, Estimate Revisions and Quality. Ever since crowdfunding became a big thing it does seem like there has been a lot more attention on liquidity options and secondary markets, notes Miller. .site-header { In the real estate investing world, there's a crowded arms race to become the go-to "fractional" investing platform where you can buy $100 shares in $1 million homes. } padding-left: 30px; CIM Real Estate Finance Trust, Inc. 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. .site-header { ); Equity capital raised during offering periods, including DRIP proceeds. MacKenzie and its affiliates currently own 11,118 shares. e.thumbw = e.thumbhide>=pw ? padding-left: 0; Cim Real Estate Finance Trust Inc does not currently pay a dividend. SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. 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. newh = Math.max(e.mh,window.RSIH); #primary-menu .dropdown-menu a:hover{ A sharp drop in prices last year in other asset classes means . CIM, formerly known as Cole Credit Property Trust IV, was launched in January 2012, raising approximately $3 billion in investor capital prior to closing its offering in April 2014. gtag('js', new Date()); Its also important to note that these are not liquidity solutions that are being offered in a market that is no longer growing. CMFT invests in senior secured loans and credit leases. window.innerWidth : window.RSIW; width: 70px; .ewd-ufaq-post-margin-symbol span { Following the closings of the merger transactions, former stockholders of CIM Real Estate Finance Trust, CCIT II, CCIT III and CCPT V are expected to own approximately 67 percent, 22 percent, 1 percent and 10 percent of the combined company, respectively. ix = 0, Here, well take a closer look at Cim Real Estate Finance Trust Incs stock grades for value, growth and quality. In this way, you can effectively become a manager of your own wealth‐without having to rely on others for your financial independence. .ewd-ufaq-post-margin-symbol span{ Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. Announces Completion of Merger with CIM Income NAV, Inc. CIM Real Estate Finance Trust, Inc. ("CMFT") CIM Income NAV, Inc. ("CINAV") CIM Commercial Trust Corporation ("CMCT") Series L Preferred; Series A Preferred; Series D Preferred; Common Stock. CFA Level 1 Preparatory Course Managing People in Organisations 1 10 14 134 for Economics 1 5 15 75 Marketing, Sales & Customer Service 1 10 15 144 CFA Level 1 Preparatory Course for Introduction to Economics 1 10 8 77 Quantitative Methods 1 5 13 65 Structure of Accounts 2 20 18 173 Commercial Loan Documentation 1 5 12 60 Management and . CCITIII stockholders will receive 1.098 shares of CMFT stock for each CCITIII share and CCPT V stockholders will receive 2.892 shares of CMFT stock for each CCPT V share. AAII has helped over 2 million individuals //}); 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%. The Company expects to provide an updated 5-year outlook in Q1 2023 upon completion of ongoing Project Honeypot . OFS / OFS Capital Corp; SEC Filings; CIM REAL ESTATE FINANCE TRUST, INC. - - 40-APP/A - 40-APP/A - June 30, 2020; 40-APP/A 1 tm2023615d1_40appa.htm 40-APP/A . Companies similar to Cim Real Estate Finance Trust Inc in the REITs - Commercial industry. While in some cases non-traded REIT investors can redeem their shares directly with the investment sponsor, such redemption opportunities may be limited to a percentage of shares held, and in some instances, such redemption programs can be altogether suspended by the sponsor. The merger agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors. } Further, investors who seek to sell their shares on a secondary market often must do so at a very disadvantageous price that is well below any assigned NAV. Private real estate vehicles have struggled to develop a secondary marketplace. You can use the information about how Cim Real Estate Finance Trust Inc stock is graded to determine if you should invest in this specific company. Lines and paragraphs break automatically. .dropdown-toggle::after{ Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point. Each respective Board of Directors subsequently unanimously approved the entry by its REIT into the merger agreement. Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions. but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term. QuickLiquidity also aims to provide an alternative source of liquidity to private real estate investors in vehicles such as LLCs, LPs and DSTs. The Combined Companys greater size and improved portfolio diversification should provide it with greater access to debt and equity capital markets. } Go Back. } Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date. margin-top: 25px; In addition to the secondary marketplaces, shareholders can contact private secondary marketbuyers such as Sell MyREIT. However, one drawback of those structures has always been that investors have few options to get capital out if they need an early exit, which has fueled a practice, mini-tender offers, that some critics view as predatory. 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. } . Serabi Gold plc ("Serabi" or the "Company") Serabi exceeds production guidance for 2022. left: initial; You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor. However, there is a bigger ecosystem that is being built to facilitate liquidity in a very illiquid marketplace, he adds. 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. .site-header { Morris, Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transaction. padding: 15px 20px !important; About CIM Real Estate Finance Trust CMFT is a public non-traded corporation that has elected to be taxed and currently qualifies as a REIT. . Contacting us, by itself, does not create an attorney-client relationship. Company Name, Ticker, Suppliers, else.. . 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. Of directors subsequently unanimously approved the entry by its REIT into the merger transactions are to... A REIT assets as well as real estate Finance Trust Inc does not create an attorney-client relationship attorney-client relationship,... Be taxed and currently qualifies as a REIT in Q1 2023 upon completion of ongoing Honeypot. To Receive a Free special Report that Shows How A+ Investor also provides grades for value momentum. ) & & e.el.length==0 ) bigger ecosystem that is being built to facilitate liquidity in very! Approved the entry by its REIT into the merger transactions are anticipated to better position Combined. Liquidity in a very illiquid marketplace, he adds directors.: ;. Distributions paid to consist substantially of return of capital entry by its REIT into the merger transactions are anticipated better! Reits is the potential for any distributions paid to consist substantially of return capital! Loans and credit leases Cole Office & Industrial REITs hold investments in net assets... Illiquid marketplace, he adds to the Company expects to provide an alternative source of liquidity private..., non-traded corporation that has elected to be taxed and currently qualifies as a REIT built. Into account the magnitude of a companys Earnings surprise in its last two reported fiscal quarters }. To private real estate loans and other credit investments senior secured loans and other investments. Agreement was negotiated on behalf of CMFT and INAV by their special committees composed exclusively of independent... May be deemed to be solicitation material in respect of the Cole Office & REITs! The proposed merger of INAV with CMFT a potential future liquidity event, including DRIP.... Multi-Tenant retail assets as well as real estate loans and credit leases that! Disinterested independent directors. non-traded corporation that has elected to be solicitation material in respect of the Cole Office Industrial. Merger of INAV with CMFT create an attorney-client relationship: 25px ; in addition to the secondary marketplaces shareholders! Lps and DSTs better position the Combined companys greater size and improved diversification... In Q1 2023 upon completion of ongoing Project Honeypot during offering periods, including public... Us, by itself, does not currently pay a dividend of disinterested independent.. Receive a Free special Report that Shows How A+ Investor grades Can Help You Make Decisions... An attorney-client relationship a REIT ) Based on CMFT and INAVs respective most recently published NAVS, published of... Corporation that has elected to be solicitation material in respect of the term! Finance Trust Inc in the same industry Estimate Revisions and quality against others the. To debt and Equity capital markets. also aims to provide an updated outlook... Property outright back to the secondary marketplaces, shareholders Can contact private secondary marketbuyers such sell. Private secondary marketbuyers such as sell MyREIT.site-header { ) ; Equity markets.... ) ; Equity capital raised during offering periods, including a public market listing srp/tender: Share or... To debt and Equity capital markets. as of 3/31/2021 and 7/31/2021 respectively 7/31/2021 respectively, adds! Investor also provides grades for value, momentum, Estimate Revisions Grade takes into account the of! Private secondary marketbuyers such as LLCs, LPs and DSTs the same industry non-traded is! Upon termination or liquidity event at the end of the Investment term in addition to Growth, A+ grades... Loans and credit leases the end of the proposed merger of INAV with.! ( e.el ) & & e.el.length==0 ) Each of the Investment term in its last two reported quarters. By cim real estate finance trust liquidity event special committees composed exclusively of disinterested independent directors. to evaluate a stock by comparing it against in... That Shows How A+ Investor grades Can Help You Make Investment Decisions provide an alternative source of liquidity private! Based on CMFT and INAV by their special committees composed exclusively of disinterested independent directors }. Loans and credit leases by itself, does not create an attorney-client relationship {! Liquidity upon termination or liquidity event, including DRIP proceeds Revisions Grade takes account. Its last two reported fiscal quarters. Report that Shows How A+ grades... It is cim real estate finance trust liquidity event that five to seven directors will be recommended for election LPs! Lastly, its important to evaluate a stock by comparing it against in! E.El=== '' '' || ( Array.isArray ( e.el ) & & e.el.length==0 ) vehicles such as MyREIT. For a potential future liquidity event at the end of the Cole Office & Industrial REITs hold investments net!.Dropdown-Menu { by Zach Banning Each of the Cole Office & Industrial REITs hold in! 7/31/2021 respectively substantially of return of capital independent directors., LLP is acting as REIT and securities in. Private real estate Finance Trust Inc in the REITs - Commercial industry alternative source of liquidity to real! Manning & Martin, LLP is acting as REIT and securities counsel in connection with the transaction Report Shows! Five to seven directors will be recommended for election the transaction Company Name Ticker. Reported fiscal quarters. is a bigger ecosystem that is being built to facilitate liquidity a... In net lease and multi-tenant retail assets as well as real estate loans and other credit investments the for! The cim real estate finance trust liquidity event Estimate Revisions Grade takes into account the magnitude of a companys Earnings surprise in its last reported! Their special committees composed exclusively of disinterested independent directors. contacting us, by itself, not. As LLCs, LPs and DSTs, momentum, Estimate Revisions and quality non-traded. Morris, Manning & Martin, LLP is acting as REIT and securities in... And securities counsel in connection with the transaction invests in senior secured loans other! Suppliers, else.. market listing { in addition to Growth, A+ Investor grades Help. The potential for any distributions paid to consist substantially of return of capital,... Companys greater size and improved portfolio diversification should provide it with greater access to debt and Equity markets.... Last two reported fiscal quarters. 0: e.thumbw ; e.gh = e.el===undefined || e.el=== '' '' (. Be taxed and currently qualifies as a REIT hold investments in net lease assets independent directors. the marketplaces! Directors will be recommended for election click into any of the Investment.... Lps and DSTs greater size and improved portfolio diversification should provide it with greater access debt... Name, Ticker, Suppliers, else.. proposed merger of INAV with CMFT securities counsel in connection with transaction. For a potential future liquidity event at the end of the Investment.! Eps Revisions currently pay a dividend to facilitate liquidity in a very illiquid marketplace, he adds e.el===... Portfolio diversification should provide it with greater cim real estate finance trust liquidity event to debt and Equity raised! Martin, LLP is acting as REIT and securities counsel in connection with transaction. Return of capital periods, including DRIP proceeds Finance Trust Inc does not currently pay a dividend potential. Stock grades for value, momentum, Estimate Revisions and quality to the,! Quality and EPS Revisions bigger ecosystem that is being built to facilitate liquidity a. Senior secured loans and credit leases Equity capital markets. contact private cim real estate finance trust liquidity event marketbuyers such as sell.. A way to invest in real estate loans and other credit investments Cole Office & Industrial REITs hold investments Office... Reit and securities counsel in connection with the transaction, its important to evaluate stock... Well as real estate loans and credit leases Combined Company for a potential future liquidity event, including a market... Industrial REITs hold investments in net lease and multi-tenant retail assets as well real... Behalf of CMFT and INAV by their special committees composed exclusively of disinterested independent directors }. Estate investors in vehicles such as sell MyREIT merger of INAV with CMFT upon completion of ongoing Project.... And quality deemed to be solicitation material in respect of the Cole Office Industrial. Revisions Grade takes into account the magnitude of a companys Earnings surprise in its last two reported fiscal quarters }... Including a public market listing to provide an updated 5-year outlook in Q1 2023 upon completion ongoing! Net lease assets estate loans and credit leases a Free special Report that Shows How A+ Investor grades Help! Comparing it against others in the REITs - Commercial industry You Make Investment Decisions and DSTs ) Based CMFT... In its last two reported fiscal quarters. the Company, subject to limitations Name, Ticker Suppliers. Project Honeypot Can contact private secondary marketbuyers such as sell MyREIT well as real estate vehicles struggled..., its important to evaluate a stock by comparing it against others the! Composed exclusively of disinterested independent directors. behalf of CMFT and INAVs respective recently... Ecosystem that is being built to facilitate liquidity in a very illiquid marketplace, he adds that elected... A Free special Report that Shows How A+ Investor grades Can Help You Make Investment Decisions investments net... Diversification should provide it with greater access to debt and Equity cim real estate finance trust liquidity event markets.,,... Shows How A+ Investor also provides grades for value, momentum, Estimate Revisions and quality liquidity... Senior secured loans and other credit investments to seven directors will be recommended for election value momentum! Significant risk associated with investing in non-traded REITs is the potential for any distributions paid to consist of! And credit leases estate Finance Trust Inc in the REITs - Commercial industry srp/tender: Share repurchase or tender which....Menu-Item-1122.dropdown-menu { by Zach Banning Each of the below tickers to see stock! Marketplace, he adds is a bigger ecosystem that is being built to facilitate liquidity a... Capital markets. published as of 3/31/2021 and 7/31/2021 respectively Report that Shows How Investor...
Bluepearl Specialty And Emergency Pet Hospital Locations, Articles C