other material
confidence high
sentiment negative
materiality 0.65
CIM REIT cuts estimated NAV to $6.31/share from $6.57 as of Sept 30, 2023
CIM REAL ESTATE FINANCE TRUST, INC.
- Estimated per-share NAV $6.31, down ~4% vs $6.57 a year earlier; Kroll valuation range $6.22–$6.41.
- New NAV governs DRIP share price and share redemptions effective Nov 14, 2023.
- Real estate assets valued at $1.24B ($2.83/share); loan investments $4.14B ($9.48/share).
- Total NAV estimated at $2.76B on 437.3M shares outstanding as of Sept 30, 2023.