CIM Commercial Trust: Q4 Earnings Snapshot
By AP News
Published - Mar 31, 2023, 09:09 AM ET
Last Updated - Jun 22, 2023, 11:29 AM EDT
DALLAS (AP) — DALLAS (AP) — CIM Commercial Trust Corp. (CMCT) on Friday reported a key measure of profitability in its fourth quarter.
The Dallas-based real estate investment trust said it had funds from operations of $8.7 million, or 11 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 $8.9 million, or 39 cents per share.
