CIM Commercial Trust Corporation is a US$890m small-cap, real estate investment trust (REIT) based in Dallas, United...

CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", "CMCT", "CIM Commercial", or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months ended March 31, 2020.

CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of Common Stock. The dividend will be paid on March 25, 2020 to shareholders of record at the close of business on March 13, 2020.

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Engine Capital LP (together with its affiliates, "Engine"), a significant stockholder of CIM Commercial Trust Corporation (the "Company") (NASDAQ: CMCT), with ownership of approximately 6.2% of the Company's outstanding shares, today issued an open letter to the Company's Board of Directors (the "Board"). In the letter, Engine expressed its concerns that the Board may be favoring the interests of the Company's external operator and administrative services provider to the detriment of the Company's stockholders. Given the significant discount to net asset value that the Company's shares trade, Engine called on the Board to immediately stop any plans to raise equity at this point in time, and expressed its belief that a liquidation or a sale represents the best risk-adjusted path forward for stockholders.

CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", "CMCT", "CIM Commercial", or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three months and year ended December 31, 2019.

CIM Commercial Trust (CMCT) delivered earnings and revenue surprises of -130.00% and 10.07%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

CIM Commercial Trust (NASDAQ: CMCT and TASE: CMCT-L) today announced that Richard Ressler, Chairman of the Board of CIM Commercial Trust, has sent the following letter to Engine Capital.

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