CIM Commercial Trust: Q3 Earnings Snapshot
CIM Commercial Trust: Q3 Earnings SnapCIM Commercial Trust Corp. (CMCT) on Monday reported a loss in funds from operations in its third quarter, after reporting a profit in the same period a year earlier. The Dallas-based real estate investment trust said it had a funds from operations loss of $1.5 million, or 7 cents per share, in the period.shot
By AP News
Published - Nov 14, 2022, 06:48 PM ET
Last Updated - Apr 01, 2024, 12:23 PM EDT
DALLAS (AP) _ CIM Commercial Trust Corp. (CMCT) on Monday reported a loss in funds from operations in its third quarter, after reporting a profit in the same period a year earlier.
The Dallas-based real estate investment trust said it had a funds from operations loss of $1.5 million, or 7 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $11.7 million, or 50 cents per share.
