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CIM Real Estate Finance Trust (CIM Real Estate Finance Trust) Net Income : $28.1 Mil (TTM As of Dec. 2023)


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What is CIM Real Estate Finance Trust Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. CIM Real Estate Finance Trust's Net Income for the three months ended in Dec. 2023 was $-46.9 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $28.1 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. CIM Real Estate Finance Trust's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.11.


CIM Real Estate Finance Trust Net Income Historical Data

The historical data trend for CIM Real Estate Finance Trust's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CIM Real Estate Finance Trust Net Income Chart

CIM Real Estate Finance Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 182.90 -23.52 86.49 143.80 28.08

CIM Real Estate Finance Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.61 54.18 31.88 -11.04 -46.94

CIM Real Estate Finance Trust Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

CIM Real Estate Finance Trust's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=28.086+0+0+-0.0079999999999991
=28.1

CIM Real Estate Finance Trust's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-46.939+0+0+0
=-46.9

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $28.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CIM Real Estate Finance Trust  (OTCPK:CMRF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

CIM Real Estate Finance Trust's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


CIM Real Estate Finance Trust Net Income Related Terms

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CIM Real Estate Finance Trust (CIM Real Estate Finance Trust) Business Description

Traded in Other Exchanges
N/A
Address
2398 East Camelback Road, 4th Floor, Phoenix, AZ, USA, 85016
CIM Real Estate Finance Trust Inc is a real estate investment trust. The company invests in commercial real estate investments consisting of necessity retail properties located throughout the United States. The company operates a diversified portfolio of core commercial real estate consisting of net leased properties located throughout the United States and short-duration senior secured loans and other credit investments.
Executives
Jason K Schreiber director 263 NINTH AVENUE APARTMENT 9B, NEW YORK NY 10001
Krol Emily Vande director 30003 N. 68TH STREET, SCOTTSDALE AZ 85266
Roger Snell director 2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016
Stephen O Evans director 5825 EAST STARLIGHT WAY, PARADISE VALLEY AZ 85253
Gary Robert A Iv director 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
Calvin E Hollis director 2325 E. CAMELBACK ROAD, 10TH FLOOR, PHOENIX AZ 85016
Marcus E Bromley director
Howard A Silver director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Elaine Y Wong director 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Avraham Shemesh director C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028
W Brian Kretzmer director 26110 ENTERPRISE WAY, STE 200, LAKE FOREST CA 92630
Richard S Ressler director, officer: CEO & President C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Smith Jeffrey Randall Jr officer: See Remarks COLE CAPITAL, 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016
Nathan David Debacker officer: See Remarks 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016
Glenn J Rufrano director C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036

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