CIM Commercial Trust Corp

Symbol: CMCT
CIK: 908311
Exchange: NASDAQ
Founded: 1993 (26 years)
HQ: Dallas, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office, Hotel, Residential

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Overall Score: 5.5

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: $14.54
Closing Price: $14.48
Price Change: 0.01 (0.069%)
Lowest Price: $13.934
Highest Price: $14.55

52-Week Low: $13.67
52-Week High: $69.30
52-Week Change: -71.69%

5 Day Price Change: -0.21%
1 Month Price Change: -0.21%
3 Month Price Change: -8.01%
6 Month Price Change: -75.99%
YTD Price Change: -71.79%
1 Year Price Change: -71.71%
2 Year Price Change: -73.13%
5 Year Price Change: -73.26%

Dividend of Trading Day December 6, 2019


Dividend Yield: 2.072%*
Annualized Dividend: $0.3*
Dividend Yield (TTM): 8.287%
Annualized Dividend (TTM): $1.2
Ex Dividend Date: 2019-09-05
Dividend Frequency: Monthly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

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Funds From Operations (FFO)


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Key Stats of Trading Day December 6, 2019


Total Cash: $77,443,000
Current Debt: $2,901,000
Revenue: $199,573,000
Gross Profit: $41,672,000
Total Revenue: $199,573,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $85,784,000
Revenue Per Share: $14
Revenue Per Employee: $39,914,600
Employee: 5
Debt to Equity Ratio (D/E): 0.90
Profit Margin: 0.01%
Enterprise Value (EV): $722,664,960
Enterprise Value to Revenue (EV/R): 3.62
Price to Sales (P/S): 1.06
Price to Book (P/B): 0.32
Peg Ratio: 0.01
P/E Ratio: 0.64
P/E High: 3.15
P/E Low: 0.62
Forward P/E Ratio: N/A
Market Capitalization: $211,436,960
Beta: 0.70
Latest Volume: 63,205.00
Avg. Total Volume: 33,901
Avg. 10 Volume: 32,652.50
Avg. 30 Volume: 33,901.20
TTM EPS: 22.56
TTM Dividend Rate: 1.20
Shares Outstanding: 14,602,000
Float: 11,786,924.23
50-Day Moving Avg.: 14.61
200-Day Moving Avg.: 44.06

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Properties Owned by CMCT


Properties owned:
19
Types:
3
States:
3
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
CMCT Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by CMCT, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 26,107,000 384,489,000 311,167,000 77,443,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 7,740,000 8,252,000 8,813,000 22,489,000
Other Assets 23,879,000 203,623,000 92,630,000 59,278,000
Net Tangible Assets 380,634,000 981,789,000 925,413,000 613,712,000
Total Assets 659,852,000 1,196,503,000 1,186,574,000 1,342,401,000
Accounts Payable 0 0 0 0
Liabilities (Other) 34,308,000 34,603,000 77,728,000 100,722,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 1,479,000 1,224,000 949,000 2,901,000
Long-term Debt 226,248,000 161,113,000 164,601,000 585,770,000
Total Liabilities 262,035,000 196,940,000 243,278,000 689,393,000
Minority Interest 8,000 1,000 -174,000 6,000
Common Stock 14,602,149 44,000 44,000 44,000
Retained Earnings -718,493,000 -105,634,000 -151,570,000 -436,883,000
Treasury Stock 0 0 0 0
Capital Surplus 788,342,000 788,655,000 789,578,000 790,354,000
Shareholder Equity 397,318,000 998,946,000 942,633,000 652,171,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 29,232,000 36,877,000 49,104,000 51,370,000
Cost of Revenue 22,464,000 27,152,000 35,790,000 40,365,000
Gross Profit 6,768,000 9,725,000 13,314,000 11,005,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 23,779,000 28,694,000 37,502,000 43,036,000
Operating Income 5,044,000 7,888,000 11,526,000 8,334,000
Income Expense Net (Other) -2,101,000 44,960,000 280,415,000 -9,104,000
EBIT 5,044,000 7,888,000 11,526,000 8,334,000
Interest Income 2,403,000 2,550,000 5,851,000 8,525,000
Pretax Income 2,943,000 52,848,000 291,941,000 -770,000
Income Tax 87,000 281,000 318,000 130,000
Minority Interest 8,000 1,000 -174,000 6,000
Net Income 2,848,000 52,566,000 291,793,000 -905,000
Net Income Basic -1,622,000 48,260,000 287,631,000 -4,948,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 2,848,000 52,566,000 291,793,000 -905,000
Depreciation 5,180,000 7,185,000 9,630,000 16,691,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -358,382,000 73,322,000 233,724,000 -41,121,000
Cash Flow 7,362,000 11,494,000 14,709,000 10,348,000
Capital Expenditures 0 0 0 0
Investments 172,528,000 108,745,000 640,268,000 -1,916,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 174,051,000 105,958,000 641,702,000 -5,597,000
Dividends Paid -615,539,000 -6,486,000 -20,409,000 -6,243,000
Net Borrowings 65,256,000 -3,475,000 -179,383,000 -48,605,000
Cash Flow Financing -539,795,000 -44,130,000 -422,687,000 -45,872,000
Financing Cash Flows (Other) -656,000 -44,366,000 -229,730,000 15,000
Exchange Rate Effect 0 0 0 0

About CIM Commercial Trust Corp


CIM Commercial Trust Corporation (NASDAQ: CMCT) is a real estate investment trust (REIT) that principally invests in stabilized Class-A and creative office properties located in high density, high barrier-to-entry urban markets in the U.S. such as the San Francisco Bay Area, Washington, D.C. and Los Angeles. CIM Commercial Trust is managed by CIM Group, which is comprised of a seasoned team of real estate and investment professionals with extensive expertise including in-house research, acquisition, investment, development, finance, leasing, and asset management. In addition, CIM Commercial Trust also deploys a portion of its capital to its real estate lending platform through its wholly owned subsidiary that originates and services loans under the U.S. Small Business Administration 7(a) Guaranteed Loan Program.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
1 Dividend to FFO Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Payout Ratios during the last four quarters. 8.9
0 Dividend to FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
4 FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
6 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
0 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
2 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
2 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
5.5 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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