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CIM Commercial Trust

Nasdaq:CMCT
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMCT
Nasdaq
$876M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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. The last earnings update was 9 days ago. More info.


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CMCT Share Price and Events
7 Day Returns
1.8%
NasdaqGM:CMCT
1.2%
US REITs
1.6%
US Market
1 Year Returns
31.1%
NasdaqGM:CMCT
15.2%
US REITs
2.6%
US Market
CMCT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIM Commercial Trust (CMCT) 1.8% 5.8% 11.4% 31.1% 8.1% -13%
US REITs 1.2% 2.9% 3.3% 15.2% 13.3% 25.8%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • CMCT outperformed the REITs industry which returned 15.2% over the past year.
  • CMCT outperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
CMCT
Industry
5yr Volatility vs Market

Value

 Is CIM Commercial Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CIM Commercial Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CIM Commercial Trust.

NasdaqGM:CMCT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 0 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:CMCT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (18.93%))
0.739
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGM:CMCT using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for CIM Commercial Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

CIM Commercial Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NasdaqGM:CMCT DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 15.25 Est @ 3.83% 14.19
2020 15.79 Est @ 3.5% 13.66
2021 16.30 Est @ 3.27% 13.12
2022 16.81 Est @ 3.11% 12.59
2023 17.31 Est @ 3% 12.06
2024 17.82 Est @ 2.92% 11.55
2025 18.33 Est @ 2.86% 11.05
2026 18.84 Est @ 2.82% 10.57
2027 19.37 Est @ 2.79% 10.10
2028 19.91 Est @ 2.77% 9.66
Present value of next 10 years cash flows $118.54
NasdaqGM:CMCT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $19.91 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$428.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $428.91 ÷ (1 + 7.5%)10
$208.14
NasdaqGM:CMCT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $118.54 + $208.14
$326.68
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $326.68 / 43.81
$7.46
NasdaqGM:CMCT Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.46
Current discount Discount to share price of $20.00
= -1 x ($20.00 - $7.46) / $7.46
-168.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CIM Commercial Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CIM Commercial Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIM Commercial Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:CMCT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.31
NasdaqGM:CMCT Share Price ** NasdaqGM (2019-05-21) in USD $20
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.75x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CIM Commercial Trust.

NasdaqGM:CMCT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:CMCT Share Price ÷ EPS (both in USD)

= 20 ÷ 6.31

3.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIM Commercial Trust is good value based on earnings compared to the US REITs industry average.
  • CIM Commercial Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CIM Commercial Trust's expected growth come at a high price?
Raw Data
NasdaqGM:CMCT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-24.9%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.58x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CIM Commercial Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CIM Commercial Trust's assets?
Raw Data
NasdaqGM:CMCT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.57
NasdaqGM:CMCT Share Price * NasdaqGM (2019-05-21) in USD $20
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NasdaqGM:CMCT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:CMCT Share Price ÷ Book Value per Share (both in USD)

= 20 ÷ 14.57

1.37x

* Primary Listing of CIM Commercial Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIM Commercial Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess CIM Commercial Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. CIM Commercial Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CIM Commercial Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CIM Commercial Trust, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-24.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIM Commercial Trust expected to grow at an attractive rate?
  • CIM Commercial Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CIM Commercial Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare CIM Commercial Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:CMCT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:CMCT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -24.9%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:CMCT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:CMCT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 197 57 276
2018-12-31 198 60 -14
2018-09-30 200 31 11
2018-06-30 208 14 88
2018-03-31 218 3 181
2017-12-31 236 -1 378
2017-09-30 248 19 354
2017-06-30 257 40 290
2017-03-31 264 58 198
2016-12-31 266 52 31
2016-09-30 271 73 38
2016-06-30 275 74 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIM Commercial Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if CIM Commercial Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:CMCT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CIM Commercial Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CMCT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.31
2018-12-31 -0.33
2018-09-30 0.24
2018-06-30 1.75
2018-03-31 3.07
2017-12-31 5.47
2017-09-30 4.65
2017-06-30 3.48
2017-03-31 2.26
2016-12-31 0.34
2016-09-30 0.40
2016-06-30 0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CIM Commercial Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CIM Commercial Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CIM Commercial Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CIM Commercial Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CIM Commercial Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • CIM Commercial Trust's 1-year earnings growth exceeds its 5-year average (52.8% vs 45.5%)
  • CIM Commercial Trust's earnings growth has exceeded the US REITs industry average in the past year (52.8% vs 16%).
Earnings and Revenue History
CIM Commercial Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CIM Commercial Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CMCT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 196.71 276.36 7.58
2018-12-31 197.72 -14.30 9.17
2018-09-30 200.24 11.02 7.31
2018-06-30 207.98 87.72 7.44
2018-03-31 217.72 180.89 7.18
2017-12-31 236.38 377.81 5.48
2017-09-30 248.25 354.28 6.33
2017-06-30 257.20 290.40 7.21
2017-03-31 264.26 198.29 7.70
2016-12-31 265.93 30.69 7.96
2016-09-30 271.31 37.55 8.45
2016-06-30 275.44 29.76 8.25
2016-03-31 278.33 32.62 8.75
2015-12-31 276.95 6.10 9.40
2015-09-30 272.20 -1.17 9.56
2015-06-30 266.86 -0.79 10.59
2015-03-31 260.80 1.22 10.32
2014-12-31 262.83 12.92 12.21
2014-09-30 251.08 17.50 6.94
2014-06-30 245.45 18.29 4.44
2014-03-31 240.10 18.93 2.80
2013-12-31 235.81 14.47 2.57
2013-09-30 233.91 14.97 2.77
2013-06-30 234.02 18.05 2.91
2013-03-31 232.50 19.39 2.75
2012-12-31 231.70 19.59 2.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CIM Commercial Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • CIM Commercial Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • CIM Commercial Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CIM Commercial Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CIM Commercial Trust has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CIM Commercial Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CIM Commercial Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIM Commercial Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CIM Commercial Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CIM Commercial Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CIM Commercial Trust Company Filings, last reported 1 month ago.

NasdaqGM:CMCT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 943.30 165.85 299.43
2018-12-31 653.01 588.67 56.56
2018-09-30 666.58 664.40 100.33
2018-06-30 666.48 666.93 94.41
2018-03-31 659.41 641.26 42.70
2017-12-31 654.63 630.85 130.94
2017-09-30 724.88 780.02 252.96
2017-06-30 653.53 846.83 129.01
2017-03-31 1,147.03 939.33 404.35
2016-12-31 968.02 968.40 144.45
2016-09-30 978.19 978.81 133.85
2016-06-30 1,063.97 952.66 37.59
2016-03-31 1,295.07 666.94 92.88
2015-12-31 1,297.35 696.48 139.10
2015-09-30 1,303.56 670.41 32.74
2015-06-30 1,325.63 647.64 22.55
2015-03-31 1,341.65 641.82 20.38
2014-12-31 1,359.82 608.71 17.62
2014-09-30 1,382.19 624.25 30.61
2014-06-30 1,398.90 601.30 20.03
2014-03-31 1,413.23 569.74 24.11
2013-12-31 1,376.48 395.11 16.80
2013-09-30 1,395.31 378.37 17.31
2013-06-30 1,435.55 366.96 33.35
2013-03-31 1,466.07 345.63 31.51
2012-12-31 1,466.07 345.63 31.51
  • CIM Commercial Trust's level of debt (17.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (40.3% vs 17.6% today).
  • Debt is well covered by operating cash flow (34.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CIM Commercial Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CIM Commercial Trust has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.5%
Current annual income from CIM Commercial Trust dividends.
If you bought $2,000 of CIM Commercial Trust shares you are expected to receive $50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CIM Commercial Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • CIM Commercial Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:CMCT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:CMCT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.500 2.665
2018-12-06 0.500 2.974
2018-08-22 0.500 3.145
2018-06-04 0.500 3.327
2018-03-07 0.500 3.412
2017-12-07 0.500 2.860
2017-09-07 0.500 2.870
2017-04-05 0.500 3.121
2017-03-09 0.875 5.385
2016-12-06 0.875 5.605
2016-09-12 0.875 5.671
2016-06-10 0.875 5.322
2016-03-08 0.875 4.774
2015-12-10 0.875 5.336
2015-09-14 0.875 4.605
2015-06-15 0.875 5.318
2015-03-06 0.875 4.745
2014-12-09 0.875 5.530
2014-09-12 0.875 4.726
2014-06-13 0.875 4.188
2014-05-12 0.200 0.876

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, CIM Commercial Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but CIM Commercial Trust only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of CIM Commercial Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CIM Commercial Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CIM Commercial Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIM Commercial Trust has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CIM Commercial Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Thompson
COMPENSATION $0
AGE 54
TENURE AS CEO 0.2 years
CEO Bio

Mr. David A. Thompson, CPA has been Chief Executive Officer of CIM Commercial Trust Corporation (a/k/a, PMC Commercial Trust) since March 29, 2019 and was its Chief Financial Officer from March 11, 2014 until March 29, 2019. He is also the Principal, Chief Financial Officer at CIM Group, Inc. Prior to joining CIM Group in 2009, Mr. Thompson served as a Senior Vice President and Controller of Hilton Worldwide Holdings Inc. (alternate name Hilton Hotels Corporation), since January 2006, where he was responsible for worldwide financial reporting, financial planning and analysis, internal control and technical accounting compliance. Mr. Thompson has experience in developing new hospitality products, guest services and launching new hotels. He worked for a large public accounting firm for eight years prior to joining Hilton. He began his career as a C.P.A. in the Los Angeles office of Arthur Andersen & Co, where he was a manager in the audit practice. He serves as a Non-Executive Director of Adams Hotel Ltd. He served as a Non-Executive Director of BDL Management Ltd. Mr. Thompson earned a Bachelor of Science degree in Accounting from the University of Southern California and is a Certified Public Accountant.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • David's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CIM Commercial Trust management team in years:

1.3
Average Tenure
55.5
Average Age
  • The average tenure for the CIM Commercial Trust management team is less than 2 years, this suggests a new team.
Management Team

David Thompson

TITLE
Chief Executive Officer
AGE
54
TENURE
0.2 yrs

Jan Salit

TITLE
President & Secretary
COMPENSATION
$755K
AGE
67
TENURE
6.6 yrs

Nathan DeBacker

TITLE
Chief Financial Officer
AGE
38
TENURE
0.2 yrs

Jolly Singh

TITLE
Managing Director of Investments
TENURE
1.8 yrs

Barry Berlin

TITLE
Executive VP of Finance & Accounting
COMPENSATION
$572K
AGE
57
TENURE
5.2 yrs

Steve Altebrando

TITLE
VP, Equity Capital Markets

Jordan Dembo

TITLE
MD & Chief Legal Officer
TENURE
0.9 yrs

Chris Allman

TITLE
Managing Director of Capital Markets
TENURE
1.8 yrs

Robert Dupree

TITLE
MD of Partner & Co-Investor Relations and Product Management
TENURE
0.9 yrs

Ryan Harter

TITLE
Principal of Development - CIM Group
Board of Directors Tenure

Average tenure and age of the CIM Commercial Trust board of directors in years:

5.2
Average Tenure
61
Average Age
  • The tenure for the CIM Commercial Trust board of directors is about average.
Board of Directors

Richard Ressler

TITLE
Chairman of the Board
AGE
60
TENURE
5.2 yrs

Robert Cresci

TITLE
Independent Director
COMPENSATION
$120K
AGE
74
TENURE
5.2 yrs

Avi Shemesh

TITLE
Director
AGE
56
TENURE
5.2 yrs

Doug Bech

TITLE
Independent Director
COMPENSATION
$100K
AGE
72
TENURE
5.2 yrs

Kelly Eppich

TITLE
Independent Director
AGE
61
TENURE
5.2 yrs

Frank Golay

TITLE
Independent Director
COMPENSATION
$100K
AGE
70
TENURE
5.2 yrs

Shaul Kuba

TITLE
Director
AGE
55
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess CIM Commercial Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CIM Commercial Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Impressed By CIM Commercial Trust Corporation's (NASDAQ:CMCT) ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for CIM Commercial Trust: 31% = US$276m ÷ US$943m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does CIM Commercial Trust Have A Good Return On Equity? … Combining CIM Commercial Trust's Debt And Its 31% Return On Equity While CIM Commercial Trust does have some debt, with debt to equity of just 0.18, we wouldn't say debt is excessive.

Simply Wall St -

How To Look At CIM Commercial Trust Corporation (NASDAQ:CMCT)

REIT shares give you ownership of the company than owns and manages various income-producing property, whether it be commercial, industrial or residential. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent … FFO is a cleaner and more representative figure of how much CMCT actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation

Simply Wall St -

Should We Be Cautious About CIM Commercial Trust Corporation's (NASDAQ:CMCT) ROE Of 3.6%?

This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.036. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

CIM Commercial Trust Corporation (NASDAQ:CMCT): What You Have To Know Before Buying For The Upcoming Dividend

CIM Commercial Trust Corporation (NASDAQ:CMCT) will be distributing its dividend of $0.13 per share on the 28 June 2018, and will start trading ex-dividend in 5 days time on the 14 June 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine CIM Commercial Trust's latest financial data to analyse its dividend characteristics. … 5 questions I ask before picking a dividend stock?

Simply Wall St -

Read This Before Buying CIM Commercial Trust Corporation (NASDAQ:CMCT) For Its Upcoming $0.13 Dividend

If you are interested in cashing in on CIM Commercial Trust Corporation's (NASDAQ:CMCT) upcoming dividend of $0.13 per share, you only have 3 days left to buy the shares before its ex-dividend date, 15 March 2018, in time for dividends payable on the 29 March 2018. … View our latest analysis for CIM Commercial Trust 5 checks you should use to assess a dividend stock When researching a dividend stock, I always follow the following screening criteria: Does it pay an annual yield higher than 75% of dividend payers? … Next Steps: Whilst there are few things you may like about CIM Commercial Trust from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

CIM Commercial Trust Corporation (NASDAQ:CMCT): Dividend Is Coming In 3 Days, Should You Buy?

View our latest analysis for CIM Commercial Trust 5 questions to ask before buying a dividend stock When researching a dividend stock, I always follow the following screening criteria: Does it pay an annual yield higher than 75% of dividend payers? … NasdaqGM:CMCT Historical Dividend Yield Dec 16th 17 How well does CIM Commercial Trust fit our criteria? … After digging a little deeper into CIM Commercial Trust's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

Simply Wall St -

Company Info

Description

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. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, D.C. CIM Commercial is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities.

Details
Name: CIM Commercial Trust Corporation
CMCT
Exchange: NasdaqGM
Founded:
$876,114,820
43,805,741
Website: http://www.cimcommercial.com
Address: CIM Commercial Trust Corporation
17950 Preston Road,
Suite 600,
Dallas,
Texas, 75252,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM CMCT Common Shares Nasdaq Global Market US USD 12. Mar 2014
DB WY51 Common Shares Deutsche Boerse AG DE EUR 12. Mar 2014
TASE CMCT-L Common Shares The Tel-Aviv Stock Exchange IL ILS 12. Mar 2014
NasdaqGM CMCT.P PFD SER L Nasdaq Global Market US USD 26. Nov 2017
TASE CMCTP PFD SER L The Tel-Aviv Stock Exchange IL ILS 26. Nov 2017
Number of employees
Current staff
Staff numbers
5
CIM Commercial Trust employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:33
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.