CIM Commercial Trust Corp (OQ:CMCT)

Aug 10, 2020 04:05 pm ET
CIM Commercial Trust Corporation Reports 2020 Second Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we," "our," “CMCT,” “CIM Commercial,” or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets), today reported operating results for the three and six months ended June 30, 2020.
Jun 03, 2020 05:30 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of Common Stock. The dividend will be paid on June 29, 2020 to shareholders of record at the close of business on June 15, 2020.
May 26, 2020 07:30 am ET
CIM Commercial Trust Responds to Letter from Engine Capital
CIM Commercial Trust (NASDAQ: CMCT and TASE: CMCT-L) today announced that Richard Ressler, Chairman of the Board of CIM Commercial Trust, has sent the following letter to Engine Capital.
May 18, 2020 07:00 am ET
Engine Capital Issues Open Letter To Board Of CIM Commercial Trust
NEW YORK, May 18, 2020 /PRNewswire/ -- Engine Capital LP (together with its affiliates, "Engine"), a significant stockholder of CIM Commercial Trust Corporation (the "Company") (NASDAQ: CMCT), with ownership of approximately 6.2% of the Company's outstanding shares, today issued an open letter to the Company's Board of Directors (the "Board"). In the letter, Engine expressed its concerns that the Board may be favoring the interests of the Company's external operator and administrative services provider to the detriment of the Company's stockholders. Given the significant discount to net asse...
May 11, 2020 04:15 pm ET
CIM Commercial Trust Corporation Reports 2020 First Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months ended March 31, 2020.
Mar 16, 2020 08:00 am ET
CIM Commercial Trust Corporation Reports 2019 Fourth Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months and year ended December 31, 2019.
Mar 02, 2020 11:00 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of Common Stock. The dividend will be paid on March 25, 2020 to shareholders of record at the close of business on March 13, 2020.
Jan 28, 2020 10:00 pm ET
CIM Commercial Trust Declares Series A Preferred Stock Dividend
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock. The dividend will be payable as follows: $0.114583 per share to be paid on February 18, 2020 to Series A Preferred Stockholders of record at the close of business on February 5, 2020, $0.114583 pe
Dec 03, 2019 07:00 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on December 27, 2019 to shareholders of record at the close of business on December 13, 2019.
Nov 21, 2019 09:08 pm ET
CIM Commercial Trust Announces Exchange Rate for Recent Tender Offer for Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our” or the “Company”), a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that the aggregate purchase price of $78,437,049.60 U.S. dollars (“USD”) for the 2,693,580 shares of Series L Preferred Stock accepted for purchase by the Company in the tender offer that expired on November 20, 2019 (the “Tender Offer”) was converted to New Israeli Shekels (“ILS”) at a weighted
Nov 21, 2019 01:14 am ET
CIM Commercial Trust Announces Results of Tender Offer for Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our” or the “Company”), a real estate investment trust that principally acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today the results of its cash tender offer to purchase up to 2,693,580 shares of its Series L Preferred Stock (the “Tender Offer”) at a price of $29.12 U.S. dollars (“USD”) per share (of which $1.39 USD reflects the amount of dividends on the Series L Preferred Stock that accrued through today), as c
Nov 08, 2019 08:00 am ET
CIM Commercial Trust Corporation Reports 2019 Third Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three and nine months ended September 30, 2019.
Oct 22, 2019 06:28 am ET
CIM Commercial Trust Announces Tender Offer to Purchase up to 2,693,580 Shares of Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, “CIM Commercial”, or the “Company”), a real estate investment trust (“REIT”) that principally acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that it is commencing a cash tender offer (the “Tender Offer”) to purchase up to 2,693,580 shares of its Series L preferred stock, representing one‑third of the outstanding shares of Series L preferred stock, at a price of $29.12 U.S. dollars (“USD”) per shar
Oct 14, 2019 08:00 am ET
CIM Group Acquires 2,468,390 Shares of CIM Commercial Trust
CIM Commercial Trust Corporation (Nasdaq: CMCT and TASE: CMCT-L)(“CMCT” or “CIM Commercial Trust”) announced today that it has been notified that an affiliate of CIM Group has acquired 2,468,390 shares of common stock of CMCT for $19.1685 per share in a private transaction. Following this purchase, CIM Group, its affiliates, and officers and directors of CMCT have an aggregate economic interest in approximately 19% of the outstanding shares of CMCT common stock.
Aug 08, 2019 06:40 pm ET
CIM Commercial Trust Corporation Reports 2019 Second Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three and six months ended June 30, 2019.
Aug 08, 2019 06:40 pm ET
CIM Commercial Trust Provides Update on Plan to Maximize Return for Stockholders
“We are delivering to our stockholders the considerable value that was created through the active management of our portfolio,” said David Thompson, Chief Executive Officer of CMCT. “We believe that our remaining assets, which are located in high barrier-to-entry markets, position us well for organic growth as we roll existing leases with below‑market rents to market rates. In addition, we believe CMCT has strong access to capital to support our external growth initiatives that include both acquisition and select redevelopment and build-to-suit opportunities.”
Jul 01, 2019 08:00 am ET
CIM Commercial Trust Added to Russell 2000® and Russell 3000® Indexes
CIM Commercial Trust Corporation (Nasdaq: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company”) announced that the Company was added to the Russell 2000® and Russell 3000® Indexes effective today.
Jun 04, 2019 07:50 pm ET
CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on June 27, 2019 to shareholders of record at the close of business on June 14, 2019.
May 13, 2019 04:05 pm ET
CIM Commercial Trust Corporation Reports 2019 First Quarter Results
CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months ended March 31, 2019.
Mar 29, 2019 08:00 am ET
CIM Commercial Trust Appoints David Thompson as Chief Executive Officer and Nathan Debacker as Chief Financial Officer
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) announced today that its board of directors (the “Board”) has appointed David Thompson as its Chief Executive Officer (“CEO”) and Nathan DeBacker as its Chief Financial Officer (“CFO”) at the recommendation of CIM Commercial Trust’s operator, CIM Group.
Mar 18, 2019 04:30 pm ET
CIM Commercial Trust Corporation Reports 2018 Fourth Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE:CMCT) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months and year ended December 31, 2018.
Mar 07, 2019 04:53 pm ET
CIM Commercial Trust Provides Update On Plan To Maximize Returns For Shareholders
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) announced today that it has sold five properties as part of its previously announced plan of unlocking embedded value in its portfolio and improving the trading liquidity of its common stock. The properties are located in Oakland, California and Washington, D.C. and represent more than 50% of the properties that CMCT targeted for sale as part of such plan. Of the remaining properties targeted for sale, one property in San Francisco, California is expected to be sold in March and three additi
Feb 20, 2019 04:30 pm ET
CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on March 25, 2019 to shareholders of record at the close of business on March 6, 2019.
Dec 04, 2018 09:45 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on December 27, 2018 to shareholders of record at the close of business on December 14, 2018.
Nov 13, 2018 05:14 pm ET
CIM Commercial Trust Corporation Reports 2018 Third Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States, today reported operating results for the three months ended September 30, 2018.
Aug 22, 2018 06:15 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on September 25, 2018 to shareholders of record at the close of business on September 5, 2018.
Aug 09, 2018 04:05 pm ET
CIM Commercial Trust Corporation Reports 2018 Second Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) ("we", "our", “CMCT”, or “CIM Commercial Trust”), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States, today reported operating results for the three months ended June 30, 2018.
Jun 04, 2018 07:58 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on June 28, 2018 to shareholders of record at the close of business on June 15, 2018.
May 10, 2018 07:15 pm ET
CIM Commercial Trust Corporation Reports 2018 First Quarter Results
CIM Commercial Trust Corporation (NASDAQ & TASE: CMCT) (“we”, “our”, “CMCT”, or “CIM Commercial Trust”), a real estate investment trust (“REIT”) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States, today reported operating results for the three months ended March 31, 2018.
Mar 28, 2018 08:45 am ET
CIM Commercial Trust Corporation Announces Estimated Net Asset Value Per Share of $23.96
CIM Commercial Trust Corporation (NASDAQ|TASE: CMCT), a real estate investment trust (REIT) that principally acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the U.S., has announced that the estimated net asset value per share of common stock of CIM Commercial Trust Corporation increased to $23.96 as of December 31, 2017, as compared to $23.14 as of December 31, 2016. In addition to the increase in estimated net asset value per share, CIM Commercial Trust Corporation declared a
Mar 06, 2018 08:17 pm ET
CIM Commercial Trust Declares Common and Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment trust (REIT) that principally acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the U.S., announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on March 29, 2018 to shareholders of record at the close of business on March 16, 2018.
Feb 13, 2018 09:40 pm ET
CIM Commercial Trust Corporation Announces Tax Treatment of 2017 Dividends
CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., announced today the tax treatment of its 2017 Common Stock and Series A Preferred Stock dividends.
Jan 03, 2018 02:54 pm ET
CIM Commercial Trust to Acquire 9460 Wilshire Boulevard in Beverly Hills
CIM Commercial Trust Corporation (NASDAQ: CMCT) (TASE: CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the United States, announced today that it has signed a definitive agreement to purchase the fee simple interest in 9460 Wilshire Boulevard in the Golden Triangle of Beverly Hills, California.
Dec 18, 2017 08:15 pm ET
CIM Commercial Trust Announces Private Repurchase of 14,090,909 Shares and Declares Special Dividend on Common Stock
CIM Commercial Trust Corporation (NASDAQ: CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., today announced that it has repurchased, in a privately negotiated transaction, 14,090,909 shares of its common stock from a fund (the "Fund") managed by an affiliate of CIM Group, the manager of CMCT. The aggregate purchase price was $310,000,000 or $22.00 per share.
Dec 06, 2017 10:49 pm ET
CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends
CIM Commercial Trust Corporation (NASDAQ: CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common share. The dividend will be paid on December 28, 2017 to shareholders of record at the close of business on December 21, 2017.
Nov 27, 2017 05:21 pm ET
CIM Commercial Trust Corporation Announces Successful Offering of Series L Preferred Stock
CIM Commercial Trust Corporation (NASDAQ / TASE: CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., announced today that last week it completed a successful offering of its Series L Preferred Stock in Israel. The offering resulted in net proceeds of approximately $207 million, which will be used by the Company primarily for acquisitions and additional investments consistent with its acquisition and ass
Nov 23, 2017 02:30 am ET
CIM Commercial Trust Corporation Announces Results of Currency Conversion for Series L Preferred Stock in Israel
CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ and TASE: CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., announced that the net proceeds from the offering of the Company’s Series L Preferred Stock, par value $0.001 per share (the "Series L Preferred Stock"), has been converted from ILS into USD as described in the Company's Prospectus dated November 16, 2017 (the “Prospect
Nov 20, 2017 03:11 am ET
CIM Commercial Trust Corporation Announces the Results of the Tender Process for Series L Preferred Stock in Israel
CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ and TASE: CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., announces that the tender process for CMCT's Series L Preferred Stock, par value $0.001 per share (the "Series L Preferred Stock"), as described in CMCT's Prospectus dated November 16, 2017 (the "Prospectus")

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