CIM Real Estate Finance Trust, Inc. reported stronger results for Q3, with net income of $30.3 million versus $7.3 million a year ago. Total revenues were $104.5 million compared with $121.4 million as lower interest income offset higher rental income. Expenses fell sharply, led by a reduced provision for credit losses of $6.4 million in the quarter and $73.4 million year to date, versus $24.5 million and $308.5 million in the prior periods.
Total assets were $4.98 billion as of September 30, 2025, including loans held-for-investment, net, of $3.19 billion. Debt (repurchase facilities, notes payable and credit facilities, net) declined to $2.97 billion from $3.17 billion at year-end. Cash and cash equivalents rose to $255.6 million. The company owned 198 properties totaling about 6.4 million rentable square feet, 96.9% leased as of September 30, 2025. Operating cash flow was $102.7 million for the nine months, with investing activities providing $296.7 million and financing using $325.4 million. The most recent estimated per share NAV used for the DRIP and redemption program is $5.22.
CIM Real Estate Finance Trust director W. Brian Kretzmer received 19,157.088 shares of restricted common stock on 10/01/2025 as part of annual director retainers under the Issuer's 2022 Equity Incentive Plan. The restricted shares will vest on 10/01/2026. Following the grant and prior holdings, Mr. Kretzmer beneficially owns 133,012.364 shares of common stock, which includes 709.834 shares acquired via the Issuer's distribution reinvestment plan. The Form 4 was filed by one reporting person and executed by an attorney-in-fact.
CIM Real Estate Finance Trust, Inc. director Howard A. Silver received a grant of 19,157.088 restricted shares on 10/01/2025 as part of annual director retainers under the issuer's 2022 Equity Incentive Plan. The shares were granted at a $0 price and will vest on 10/01/2026. Following the grant, Mr. Silver beneficially owns 86,233.117 shares. The Form 4 reporting the transaction was filed on 10/01/2025 and signed by Laura Eichelsderfer as attorney-in-fact.
Thomas Patrick Duncan, an independent director of CIM Real Estate Finance Trust, Inc. (CMRF), was granted 19,157.088 shares of restricted common stock on 10/01/2025 as part of the issuer's annual director retainer under the 2022 Equity Incentive Plan. The award was granted at a price of $0 and will vest on 10/01/2026. After the grant, Mr. Duncan beneficially owned 79,964.801 shares. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 10/01/2025. The filing documents a routine equity-based director compensation award with a one-year vesting schedule and specifies the total shares held following the transaction.