CIM REAL ESTATE FINANCE TRUST, INC. (CMRF) Financial Statements (2025 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)
| 12/31/2024 | 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 investments | 247,500 | 118,978 | 107,381 | 121,385 | 466,024 | 10,533 | |||
| Cash and cash equivalent | 247,500 | 118,978 | 107,381 | 121,385 | 466,024 | 10,533 | |||
| Deferred rent asset | 17,082 | 33,968 | 61,468 | 74,419 | |||||
| Total current assets: | 264,582 | 152,946 | 168,849 | 195,804 | 466,024 | 10,533 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,300 | 2,600 | ✕ | ||||||
| Inventory, real estate | 1,000 | 1,700 | 1,800 | ||||||
| Property, plant and equipment | 317,844 | 578,970 | 655,273 | 881,896 | 700,210 | 1,172,449 | |||
| Long-term investments and receivables | 154,000 | ||||||||
| Long-term investments | 154,000 | ||||||||
| Intangible assets, net (including goodwill) | 101,451 | 185,593 | 237,705 | 234,543 | 182,147 | 342,357 | |||
| Intangible assets, net (excluding goodwill) | 101,451 | 185,593 | 237,705 | 234,543 | 182,147 | 342,357 | |||
| Debt securities, available-for-sale, amortized cost, excluding accrued interest, after allowance for credit loss | ✕ | 647,035 | ✕ | ✕ | ✕ | ||||
| Total noncurrent assets: | 1,067,330 | 766,263 | 1,051,078 | 1,116,439 | 884,957 | 1,514,806 | |||
| Other undisclosed assets | 5,114,564 | 6,212,845 | 5,742,849 | 3,147,366 | 2,317,642 | 3,092,032 | |||
| TOTAL ASSETS: | 6,446,476 | 7,132,054 | 6,962,776 | 4,459,609 | 3,668,623 | 4,617,371 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | |||||||||
| Total current liabilities: | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 13,354 | 19,054 | 24,896 | 32,718 | 20,523 | 36,418 | |||
| Off-market lease, unfavorable | 13,354 | 19,054 | 24,896 | 32,718 | 20,523 | 36,418 | |||
| Total noncurrent liabilities: | 13,354 | 19,054 | 24,896 | 32,718 | 20,523 | 36,418 | |||
| Other undisclosed liabilities | 3,998,342 | 4,486,687 | 4,238,205 | 2,228,465 | 1,677,314 | 2,579,856 | |||
| Total liabilities: | 4,011,696 | 4,505,741 | 4,263,101 | 2,261,183 | 1,697,837 | 2,616,274 | |||
| Temporary equity, including noncontrolling interest | 168,703 | 170,238 | 170,714 | 180,838 | 184,247 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,266,077 | 2,456,083 | 2,527,888 | 2,198,426 | 1,789,948 | 1,816,850 | |||
| Common stock | 4,372 | 4,373 | 4,374 | 3,620 | 3,112 | 3,114 | |||
| Additional paid in capital | 3,529,973 | 3,529,523 | 3,529,126 | 3,157,859 | 2,606,925 | 2,607,330 | |||
| 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: | 2,266,077 | 2,456,075 | 2,528,961 | 2,198,426 | 1,789,948 | 1,816,850 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,446,476 | 7,132,054 | 6,962,776 | 4,459,609 | 3,668,623 | 4,617,371 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 568,859 | 452,146 | 365,725 | 290,923 | 413,356 | 431,276 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 371,235 | |
| Operating lease, lease income | 115,379 | 213,389 | 295,164 | 261,530 | 393,224 | ✕ | ||
| Net investment income | 453,480 | 238,757 | 70,561 | 29,393 | 20,132 | |||
| 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: | 142,329 | 250,799 | 185,673 | 99,216 | 413,356 | 431,276 | ||
| Operating expenses | (149,811) | (49,487) | (92,636) | (86,482) | (304,810) | (302,246) | ||
| Other undisclosed operating income | 121,902 | 81,641 | 32,705 | 180,666 | 6,299 | |||
| Operating income (loss): | (7,482) | 323,214 | 174,678 | 45,439 | 289,212 | 135,329 | ||
| 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: | 20,298 | 124,222 | (2,304) | (92,475) | 84,055 | (60,505) | ||
| Income from equity method investments | 606 | |||||||
| Income (loss) from continuing operations: | 20,298 | 124,222 | (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 income | 7,788 | 19,644 | 88,188 | 68,957 | 98,965 | 97,917 | ||
| Net income (loss): | 28,086 | 143,866 | 86,490 | (23,518) | 183,020 | 37,412 | ||
| Net loss attributable to noncontrolling interest | (8) | (66) | (121) | (134) | ||||
| Net income (loss) available to common stockholders, diluted: | 28,078 | 143,800 | 86,490 | (23,518) | 182,899 | 37,278 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 28,086 | 143,866 | 86,490 | (23,518) | 183,020 | 37,412 | ||
| Other comprehensive income (loss) | (32,617) | (51,475) | 4,996 | 1,861 | (14,931) | |||
| Other undisclosed comprehensive income | 3,905 | |||||||
| Comprehensive income (loss): | (4,531) | 92,391 | 91,486 | (21,657) | 168,089 | 41,317 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (8) | (66) | (121) | (134) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,539) | 92,325 | 91,486 | (21,657) | 167,968 | 41,183 | ||
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.