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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments247,500118,978107,381121,385466,02410,533
Cash and cash equivalents247,500118,978107,381121,385466,02410,533
Deferred rent asset17,08233,96861,46874,419  
Total current assets:264,582152,946168,849195,804466,02410,533
Noncurrent Assets
Operating lease, right-of-use asset   2,300 2,600
Inventory, real estate 1,0001,7001,800   
Property, plant and equipment317,844578,970655,273881,896700,2101,172,449
Long-term investments and receivables   154,000   
Long-term investments   154,000   
Intangible assets, net (including goodwill)101,451185,593237,705234,543182,147342,357
Intangible assets, net (excluding goodwill)101,451185,593237,705234,543182,147342,357
Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss647,035  
Total noncurrent assets:1,067,330766,2631,051,0781,116,439884,9571,514,806
Other undisclosed assets5,114,5646,212,8455,742,8493,147,3662,317,6423,092,032
TOTAL ASSETS:6,446,4767,132,0546,962,7764,459,6093,668,6234,617,371
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt13,35419,05424,89632,71820,52336,418
Off-market lease, unfavorable13,35419,05424,89632,71820,52336,418
Total noncurrent liabilities:13,35419,05424,89632,71820,52336,418
Other undisclosed liabilities3,998,3424,486,6874,238,2052,228,4651,677,3142,579,856
Total liabilities:4,011,6964,505,7414,263,1012,261,1831,697,8372,616,274
Temporary equity, carrying amount168,703170,238170,714 180,838184,247
Equity
Equity, attributable to parent, including:2,266,0772,456,0832,527,8882,198,4261,789,9481,816,850
Common stock4,3724,3734,3743,6203,1123,114
Additional paid in capital3,529,9733,529,5233,529,1263,157,8592,606,9252,607,330
Accumulated other comprehensive income (loss)(81,143)(48,526)2,949(2,047)(3,908)11,023
Other undisclosed equity, attributable to parent(1,187,125)(1,029,287)(1,008,561)(961,006)(816,181)(804,617)
Equity, attributable to noncontrolling interest  (8)1,073   
Total equity:2,266,0772,456,0752,528,9612,198,4261,789,9481,816,850
TOTAL LIABILITIES AND EQUITY:6,446,4767,132,0546,962,7764,459,6093,668,6234,617,371

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues568,859452,146365,725290,923413,356431,276
Operating leases, income statement, lease revenue371,235
Operating lease, lease income115,379213,389295,164261,530393,224
Net investment income453,480238,75770,56129,39320,132 
Cost of revenue(426,530)(201,347)(180,052)(191,707)  
Provision for loan, lease, and other losses(134,289)(29,476)(2,881)(68,356)  
Gross profit:142,329250,799185,67399,216413,356431,276
Operating expenses(149,811)(49,487)(92,636)(86,482)(304,810)(302,246)
Other undisclosed operating income  121,90281,64132,705180,6666,299
Operating income (loss):(7,482)323,214174,67845,439289,212135,329
Nonoperating income (expense)35,568(179,348)(88,188)(68,957)(106,192)(97,917)
Other nonoperating expense(26,459)(179,348)(88,188)(68,957)(106,192)(97,917)
Interest and debt expense(7,788)(19,644)(88,794)(68,957)(98,965)(97,917)
Income (loss) from continuing operations before equity method investments, income taxes:20,298124,222(2,304)(92,475)84,055(60,505)
Income from equity method investments   606   
Income (loss) from continuing operations:20,298124,222(1,698)(92,475)84,055(60,505)
Income (loss) before gain (loss) on sale of properties:(1,698)(92,475)84,055(60,505)
Other undisclosed net income7,78819,64488,18868,95798,96597,917
Net income (loss):28,086143,86686,490(23,518)183,02037,412
Net loss attributable to noncontrolling interest (8)(66)  (121)(134)
Net income (loss) available to common stockholders, diluted:28,078143,80086,490(23,518)182,89937,278

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):28,086143,86686,490(23,518)183,02037,412
Other comprehensive income (loss)(32,617)(51,475)4,9961,861(14,931) 
Other undisclosed comprehensive income      3,905
Comprehensive income (loss):(4,531)92,39191,486(21,657)168,08941,317
Comprehensive loss, net of tax, attributable to noncontrolling interest (8)(66)  (121)(134)
Comprehensive income (loss), net of tax, attributable to parent:(4,539)92,32591,486(21,657)167,96841,183

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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