NasdaqGM:CMCT.P

Stock Analysis Report

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Executive Summary

CIM Commercial is 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 (including improving and developing such assets). More Details


Snowflake Analysis

Worrying balance sheet not a dividend payer.

Share Price & News

How has CIM Commercial Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CMCT.P has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CMCT.P

-5.0%

US REITs

-5.3%

US Market


1 Year Return

-14.9%

CMCT.P

-18.4%

US REITs

10.4%

US Market

Return vs Industry: CMCT.P exceeded the US REITs industry which returned -18% over the past year.

Return vs Market: CMCT.P underperformed the US Market which returned 12% over the past year.


Shareholder returns

CMCT.PIndustryMarket
7 Day0%-5.0%-5.3%
30 Day0%-4.6%-2.1%
90 Dayn/a-6.5%1.7%
1 Year-9.9%-14.9%-15.1%-18.4%12.9%10.4%
3 Yearn/a7.8%-4.9%34.3%25.4%
5 Yearn/a36.0%8.8%73.7%54.3%

Price Volatility Vs. Market

How volatile is CIM Commercial Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CIM Commercial Trust undervalued compared to its fair value and its price relative to the market?

2.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CMCT.P's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CMCT.P's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CMCT.P is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: CMCT.P is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CMCT.P's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CMCT.P is overvalued based on its PB Ratio (2.8x) compared to the US REITs industry average (1.4x).


Next Steps

Future Growth

How is CIM Commercial Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMCT.P is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CMCT.P is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CMCT.P is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CMCT.P's revenue (5.7% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: CMCT.P's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CMCT.P's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has CIM Commercial Trust performed over the past 5 years?

23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMCT.P is currently unprofitable.

Growing Profit Margin: CMCT.P is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CMCT.P is unprofitable, but has reduced losses over the past 5 years at a rate of 23% per year.

Accelerating Growth: Unable to compare CMCT.P's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CMCT.P is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (8.1%).


Return on Equity

High ROE: CMCT.P has a negative Return on Equity (-1.22%), as it is currently unprofitable.


Next Steps

Financial Health

How is CIM Commercial Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CMCT.P's short term assets ($187.0M) exceed its short term liabilities ($15.1M).

Long Term Liabilities: CMCT.P's short term assets ($187.0M) do not cover its long term liabilities ($387.0M).


Debt to Equity History and Analysis

Debt Level: CMCT.P's debt to equity ratio (114.6%) is considered high.

Reducing Debt: CMCT.P's debt to equity ratio has increased from 48.9% to 114.6% over the past 5 years.

Debt Coverage: CMCT.P's debt is not well covered by operating cash flow (5.7%).

Interest Coverage: CMCT.P is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is CIM Commercial Trust current dividend yield, its reliability and sustainability?

3.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CMCT.P's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: CMCT.P's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (4.78%).


Stability and Growth of Payments

Stable Dividend: CMCT.P has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CMCT.P has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: CMCT.P is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

David Thompson (56 yo)

1.58yrs

Tenure

Mr. David A. Thompson, CPA serves as Director at SkyPower Limited since 2019. He has been Chief Executive Officer of CIM Commercial Trust Corporation (a/k/a, PMC Commercial Trust) since March 29, 2019 and ...


Leadership Team

NamePositionTenureCompensationOwnership
David Thompson
Chief Executive Officer1.58yrsno data0.051%
$ 60.0k
Nathan DeBacker
Chief Financial Officer1.58yrsno data0.020%
$ 24.0k
Jolly Singh
Managing Director of Investments3.17yrsno datano data
Barry Berlin
Executive VP of Finance & Accounting6.58yrsUS$572.22kno data
Stephen Altebrando
VP, Equity Capital Marketsno datano datano data
Jordan Dembo
MD & Chief Legal Officer2.33yrsno datano data
Chris Allman
Managing Director of Capital Markets3.17yrsno datano data
Robert Dupree
MD of Partner & Co-Investor Relations and Product Management2.33yrsno datano data
Ryan Harter
Principal of Development - CIM Groupno datano datano data
Elaine Wong
Principal of Investor Relations - CIM Groupno datano datano data
Sondra Wenger
Managing Director of Investments - CIM Group3yrsno datano data
Terry Wachsner
Principal of Asset Management - CIM Group.2.42yrsno datano data

2.4yrs

Average Tenure

48.5yo

Average Age

Experienced Management: CMCT.P's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Cresci
Independent Director6.58yrsUS$128.36k0.075%
$ 89.5k
Richard Ressler
Chairman of the Board6.58yrsno data0.069%
$ 81.8k
Douglas Bech
Independent Director6.58yrsUS$108.36k0.086%
$ 102.2k
Avraham Shemesh
Director6.58yrsno data0.035%
$ 41.6k
Shaul Kuba
Director6.58yrsno data0.035%
$ 41.6k
Kelly Eppich
Independent Director6.58yrsUS$98.77k0.12%
$ 145.4k
Frank Golay
Independent Director6.58yrsUS$108.36k0.088%
$ 104.8k

6.6yrs

Average Tenure

63yo

Average Age

Experienced Board: CMCT.P's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CIM Commercial Trust Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CIM Commercial Trust Corporation
  • Ticker: CMCT.P
  • Exchange: NasdaqGM
  • Founded:
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: US$118.619m
  • Shares outstanding: 14.83m
  • Website: https://www.cimcommercial.com

Number of Employees


Location

  • CIM Commercial Trust Corporation
  • 17950 Preston Road
  • Suite 600
  • Dallas
  • Texas
  • 75252
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMCTNasdaqGM (Nasdaq Global Market)YesCommon SharesUSUSDMar 2014
WY52DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2014
CMCTTASE (The Tel-Aviv Stock Exchange)YesCommon SharesILILSMar 2014
CMCT.PNasdaqGM (Nasdaq Global Market)PFD SER LUSUSDNov 2017
CMCTPTASE (The Tel-Aviv Stock Exchange)PFD SER LILILSNov 2017

Biography

CIM Commercial is 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 State ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 23:37
End of Day Share Price2020/09/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.