other material
confidence high
sentiment negative
materiality 0.70
CIM Real Estate Finance Trust updates estimated per share NAV to $6.57 from $7.20 as of Sept 30, 2022
CIM REAL ESTATE FINANCE TRUST, INC.
- Estimated per share NAV of $6.57, down 8.8% from $7.20 as of March 31, 2021.
- Valuation by Kroll using NAV methodology; range $6.47-$6.68, midpoint $6.57.
- DRIP shares will be issued at $6.57 per share effective Dec 21, 2022.
- Share redemption program will use $6.57 as the reference price.
- Total estimated NAV $2.87B on 437.3M shares outstanding as of Sept 30, 2022.