CIM REAL ESTATE FINANCE TRUST, INC. (CMRF) Financial Statements (2024 and earlier)

Company Profile

Business Address 2398 EAST CAMELBACK ROAD
PHOENIX, AZ 85016
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments118,978107,381121,385466,02410,5334,745
Cash and cash equivalents118,978107,381121,385466,02410,5334,745
Deferred rent asset33,96861,46874,419   
Total current assets:152,946168,849195,804466,02410,5334,745
Noncurrent Assets
Operating lease, right-of-use asset  2,300 2,600
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss  
Inventory, real estate1,7001,800    
Property, plant and equipment578,970655,273881,896700,2101,172,4491,193,029
Long-term investments and receivables  154,000    
Long-term investments  154,000    
Intangible assets, net (including goodwill)185,593237,705234,543182,147342,357397,430
Intangible assets, net (excluding goodwill)185,593237,705234,543182,147342,357397,430
Total noncurrent assets:766,2631,051,0781,116,439884,9571,514,8061,590,459
Other undisclosed assets6,212,8455,742,8493,147,3662,317,6423,092,0323,133,485
TOTAL ASSETS:7,132,0546,962,7764,459,6093,668,6234,617,3714,728,689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt19,05424,89632,71820,52336,41845,572
Off-market lease, unfavorable19,05424,89632,71820,52336,41845,572
Total noncurrent liabilities:19,05424,89632,71820,52336,41845,572
Other undisclosed liabilities4,486,6874,238,2052,228,4651,677,3142,579,8562,526,452
Total liabilities:4,505,7414,263,1012,261,1831,697,8372,616,2742,572,024
Temporary equity, carrying amount170,238170,714 180,838184,247186,453
Equity
Equity, attributable to parent, including:2,456,0832,527,8882,198,4261,789,9481,816,8501,970,212
Common stock4,3734,3743,6203,1123,1143,116
Additional paid in capital3,529,5233,529,1263,157,8592,606,9252,607,3302,607,300
Accumulated other comprehensive income (loss)(48,526)2,949(2,047)(3,908)11,0236,630
Other undisclosed equity, attributable to parent(1,029,287)(1,008,561)(961,006)(816,181)(804,617)(646,834)
Equity, attributable to noncontrolling interest (8)1,073    
Total equity:2,456,0752,528,9612,198,4261,789,9481,816,8501,970,212
TOTAL LIABILITIES AND EQUITY:7,132,0546,962,7764,459,6093,668,6234,617,3714,728,689

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Other undisclosed income before gain (loss) on sale of properties  90,688
Revenues452,146365,725290,923413,356431,276424,095
Operating leases, income statement, lease revenue371,235
Revenue, net424,095
Operating lease, lease income213,389295,164261,530393,224
Net investment income238,75770,56129,39320,132  
Cost of revenue(201,347)(180,052)(191,707)  (29,777)
Cost of goods and services sold      (29,777)
Provision for loan, lease, and other losses(29,476)(2,881)(68,356)  
Gross profit:250,799185,67399,216413,356431,276394,318
Operating expenses(49,487)(92,636)(86,482)(304,810)(302,246)(270,900)
Other undisclosed operating income121,90281,64132,705180,6666,29929,777
Operating income:323,214174,67845,439289,212135,329153,195
Nonoperating income (expense)(179,348)(88,188)(68,957)(106,192)(97,917)(90,688)
Other nonoperating expense(179,348)(88,188)(68,957)(106,192)(97,917)(90,688)
Interest and debt expense(19,644)(88,794)(68,957)(98,965)(97,917)(90,688)
Income (loss) from continuing operations before equity method investments, income taxes:124,222(2,304)(92,475)84,055(60,505)(28,181)
Income from equity method investments  606    
Income (loss) from continuing operations:124,222(1,698)(92,475)84,055(60,505)(28,181)
Income (loss) before gain (loss) on sale of properties:(1,698)(92,475)84,055(60,505)62,507
Gain on sale of properties, net of applicable income taxes  17,044
Other undisclosed net income19,64488,18868,95798,96597,917 
Net income (loss):143,86686,490(23,518)183,02037,41279,551
Net loss attributable to noncontrolling interest(66)  (121)(134)(131)
Net income (loss) available to common stockholders, diluted:143,80086,490(23,518)182,89937,27879,420

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):143,86686,490(23,518)183,02037,41279,551
Other comprehensive income (loss)(51,475)4,9961,861(14,931)  
Other undisclosed comprehensive income     3,9057,654
Comprehensive income (loss):92,39191,486(21,657)168,08941,31787,205
Comprehensive loss, net of tax, attributable to noncontrolling interest(66)  (121)(134)(131)
Comprehensive income (loss), net of tax, attributable to parent:92,32591,486(21,657)167,96841,18387,074

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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