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 D. 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 three months ended 31 March 2020, CIM Commercial Trust Corp revenues decreased 46% to $25.5M. Net loss applicable to common stockholders totaled $6.8M vs. income of $287.6M. Revenues reflect Office properties segment decrease of 55% to $14.9M, Hotel properties segment decrease of 22% to $8.3M. Net loss reflects Office properties segment income decrease of 56% to $8.8M, Hotel properties segment income decrease of 54% to $1.8M.
Employees: 5 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $710.15M as of Jun 30, 2020
Annual revenue (TTM): $118.25M as of Jun 30, 2020
EBITDA (TTM): $39.67M as of Jun 30, 2020
Net annual income (TTM): $28.28M as of Jun 30, 2020
Free cash flow (TTM): -$624.49M as of Jun 30, 2020
Net Debt Last Fiscal Year: $285.14M as of Jun 30, 2020
Shares outstanding: 14,827,410 as of May 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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