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.
Solid track record and slightly overvalued.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CMCT underperformed the US REITs industry which returned 16% over the past year.
Return vs Market: CMCT underperformed the US Market which returned 17.9% over the past year.
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
1 week ago | Simply Wall StHow Much Of CIM Commercial Trust Corporation (NASDAQ:CMCT) Do Institutions Own?
2 months ago | Simply Wall StRead This Before Selling CIM Commercial Trust Corporation (NASDAQ:CMCT) Shares
3 months ago | Simply Wall StCould The CIM Commercial Trust Corporation (NASDAQ:CMCT) Ownership Structure Tell Us Something Useful?
Is CIM Commercial Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CMCT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CMCT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CMCT is good value based on its PE Ratio (0.7x) compared to the REITs industry average (37.2x).
PE vs Market: CMCT is good value based on its PE Ratio (0.7x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CMCT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CMCT is overvalued based on its PB Ratio (3.1x) compared to the US REITs industry average (2.1x).
How is CIM Commercial Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CMCT's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if CMCT's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CMCT's revenue is expected to decline over the next 3 years (-39% per year).
High Growth Revenue: CMCT's revenue is forecast to decline over the next 3 years (-39% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CMCT's Return on Equity is forecast to be high in 3 years time
How has CIM Commercial Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMCT has a high level of non-cash earnings.
Growing Profit Margin: CMCT's current net profit margins are higher than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: CMCT's earnings have grown significantly by 46.1% per year over the past 5 years.
Accelerating Growth: CMCT's earnings growth over the past year (2889.5%) exceeds its 5-year average (46.1% per year).
Earnings vs Industry: CMCT earnings growth over the past year (2889.5%) exceeded the REITs industry 7.6%.
Return on Equity
High ROE: CMCT's Return on Equity (87%) is considered outstanding.
Return on Assets
Return on Capital Employed
How is CIM Commercial Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CMCT has a high level of physical assets or inventory.
Debt Coverage by Assets: CMCT's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: CMCT's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CMCT has a sufficient allowance for bad loans.
Low Risk Liabilities: CMCT reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CMCT has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CMCT has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CMCT has an appropriate level of bad loans.
What is CIM Commercial Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMCT's dividend (2%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CMCT's dividend (2%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: CMCT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CMCT has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (5385.5%), CMCT's dividend payments are not well covered by earnings.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Thompson (55yo)
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 ...
|Chief Executive Officer||0.9yrs||no data||0.051% $112.6k|
|President & Secretary||7.3yrs||US$754.53k||0.21% $450.9k|
|Chief Financial Officer||0.9yrs||no data||0.021% $45.0k|
|Managing Director of Investments||2.5yrs||no data||no data|
|Executive VP of Finance & Accounting||5.9yrs||US$572.22k||no data|
|VP, Equity Capital Markets||0yrs||no data||no data|
|MD & Chief Legal Officer||1.7yrs||no data||no data|
|Managing Director of Capital Markets||2.5yrs||no data||no data|
|MD of Partner & Co-Investor Relations and Product Management||1.7yrs||no data||no data|
|Principal of Development - CIM Group||0yrs||no data||no data|
Experienced Management: CMCT's management team is considered experienced (2.1 years average tenure).
|Independent Director||5.9yrs||US$119.99k||0.039% $85.6k|
|Chairman of the Board||5.9yrs||no data||0.070% $153.4k|
|Independent Director||5.9yrs||US$99.99k||0.050% $109.4k|
|Director||5.9yrs||no data||0.036% $78.1k|
|Director||5.9yrs||no data||0.036% $78.1k|
|Independent Director||5.9yrs||no data||0.087% $190.5k|
|Independent Director||5.9yrs||US$99.99k||0.052% $114.5k|
Experienced Board: CMCT's board of directors are considered experienced (5.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CMCT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CIM Commercial Trust Corporation's company bio, employee growth, exchange listings and data sources
- Name: CIM Commercial Trust Corporation
- Ticker: CMCT
- Exchange: NasdaqGM
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: US$219.178m
- Shares outstanding: 14.60m
- Website: https://www.cimcommercial.com
Number of Employees
- CIM Commercial Trust Corporation
- 17950 Preston Road
- Suite 600
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CMCT||NasdaqGM (Nasdaq Global Market)||Yes||Common Shares||US||USD||Mar 2014|
|WY52||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2014|
|CMCT-L||TASE (The Tel-Aviv Stock Exchange)||Yes||Common Shares||IL||ILS||Mar 2014|
|CMCT.P||NasdaqGM (Nasdaq Global Market)||PFD SER L||US||USD||Nov 2017|
|CMCTP||TASE (The Tel-Aviv Stock Exchange)||PFD SER L||IL||ILS||Nov 2017|
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 and the San Francisco Bay Area. 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. CIM Commercial Trust Corporation operates as a subsidiary of CIM Group, L.P.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:27|
|End of Day Share Price||2020/02/21 00:00|
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.