Quarterly ResultMay 13, 2026, 06:08 AM
CIM Real Estate Finance Q1 Net Income $43.07M; EPS $0.10
AI Summary
CIM Real Estate Finance Trust, Inc. reported a significant financial turnaround for the first quarter of 2026, moving from a net loss to a net income. The company posted a net income of $43.07 million, or $0.10 per diluted share, a substantial improvement from a net loss of $32.87 million, or $(0.08) per diluted share, in the prior year period. This positive shift was primarily driven by a significant decrease in the provision for credit losses. While total revenues saw a slight decline, net cash provided by investing activities increased substantially.
Key Highlights
- Net income was $43.07 million in Q1 2026, up from a $(32.87) million net loss in Q1 2025.
- Basic and diluted EPS improved to $0.10 in Q1 2026 from $(0.08) in Q1 2025.
- Total revenues decreased to $97.59 million in Q1 2026 from $106.40 million in Q1 2025.
- Provision for credit losses decreased by $68.90 million YoY to $(7.12) million in Q1 2026.
- Net cash from investing activities was $393.28 million in Q1 2026, up from $(4.60) million in Q1 2025.
- Total assets were $4.73 billion as of March 31, 2026, down from $5.10 billion in Dec 2025.
- Estimated NAV per share was $5.14 as of March 31, 2026.
- Distributions declared on common stock were $0.08 per share.