CIM Commercial Trust Corp (OQ:CMCT)

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEC
Company Contact
Address: 17950 Preston Rd Ste 600
DALLAS TX 75252-5656
Tel: N/A
IR: See website
Key People
Richard S. Ressler
Chairman of the Board
Jan F. Salit
President, Secretary
David Thompson
Chief Executive Officer
Nathan DeBacker
Chief Financial Officer
Business Overview
CIM Commercial Trust Corporation is a real estate investment trust that primarily acquires, owns, and operate Class A and office assets in the United States. Its properties are primarily located in Los Angeles and the San Francisco Bay Area. The Company's real estate portfolio consists of approximately 14 assets. Its reportable segments consist of two types of commercial real estate properties, namely office and hotel, as well as a segment for its lending business, which primarily originates loans to small businesses. Through its wholly owned subsidiary, PMC Commercial Trust, it provides loans to businesses throughout the United States. As a direct lender, it originates loans both conventionally and through utilization of the Small Business Administration 7(a) government lending program.
Financial Overview
For the nine months ended 30 September 2019, CIM Commercial Trust Corp revenues decreased 23% to $113.3M. Net income applicable to common stockholders totaled $334.3M vs. loss of $9.4M. Revenues reflect Office properties segment decrease of 34% to $72.4M, Hotel properties segment decrease of 2% to $29.4M. Dividend per share decreased from $1.13 to $0.83.
Employees: 5 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $753.33M as of Sep 30, 2019
Annual revenue (TTM): $163.48M as of Sep 30, 2019
EBITDA (TTM): $64.57M as of Sep 30, 2019
Net annual income (TTM): $329.32M as of Sep 30, 2019
Free cash flow (TTM): -$626.59M as of Sep 30, 2019
Net Debt Last Fiscal Year: $213.13M as of Sep 30, 2019
Shares outstanding: 14,602,149 as of Nov 5, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization