Cim commercial trust corp (CMCTP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
REVENUES:
Rental and other property income

14,819

15,025

17,306

22,419

33,581

37,520

36,606

37,825

35,144

41,052

37,299

46,124

51,059

14,445

57,414

61,624

62,848

63,802

62,623

63,171

63,398

60,961

59,305

60,804

59,822

57,846

54,323

55,968

55,167

-

-

-

-

-

-

-

-

-

-

Hotel income

7,759

8,546

7,734

9,549

9,804

8,108

7,715

10,160

9,689

8,245

7,749

9,832

9,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expense reimbursements

-

-

-

-

-

-

-

-

-

-

4,717

2,526

3,030

2,374

3,884

3,316

2,928

3,614

3,336

3,263

3,181

2,612

3,345

2,646

2,351

1,919

2,590

2,597

2,450

-

-

-

-

-

-

-

-

-

-

Interest and other income

2,957

3,070

4,175

4,888

3,892

4,397

3,286

3,559

3,461

13,403

5,619

2,817

3,110

2,721

3,034

3,420

2,841

6,914

2,501

485

660

8,353

467

1,737

424

415

574

1,273

691

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,561

3,433

3,398

-

3,342

3,389

3,367

3,483

3,498

Premium income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

796

278

113

-

242

128

431

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

507

253

276

-

225

330

258

820

437

REVENUES

25,535

26,641

29,215

36,856

47,277

50,025

47,607

51,544

48,294

52,427

55,384

61,299

66,949

64,622

64,332

68,360

68,617

74,330

68,460

66,919

67,239

71,926

63,117

65,187

62,597

60,180

57,487

59,838

58,308

219,898

4,864

3,964

3,787

201,581

3,809

3,847

4,056

4,303

3,935

EXPENSES:
Rental and other property operating

12,515

13,731

13,286

15,658

20,253

20,831

20,405

20,765

17,916

25,001

26,058

27,249

22,960

29,403

31,723

32,299

31,278

34,123

33,361

32,985

32,709

35,853

30,996

30,439

29,586

29,338

25,872

25,232

24,721

-

-

-

-

-

-

-

-

-

-

Asset management and other fees to related parties

4,139

4,148

3,981

4,288

5,886

5,976

6,121

6,143

6,211

6,792

6,896

7,863

8,700

8,379

8,496

8,376

8,631

10,105

8,399

7,456

7,209

6,671

6,476

6,338

5,737

5,485

5,442

5,431

5,409

-

-

-

-

-

-

-

-

-

-

Salaries and related benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,091

1,115

1,144

-

1,047

1,099

1,117

986

970

Interest

3,167

3,177

2,403

2,550

4,045

6,485

6,965

6,811

6,633

5,839

9,359

9,513

9,773

9,999

10,276

7,295

6,815

6,860

5,781

5,586

5,403

6,595

5,053

4,565

4,037

3,916

4,611

4,725

4,677

16,210

887

876

883

15,257

941

957

973

1,042

1,011

General and administrative

1,734

1,561

1,384

1,621

1,788

2,671

1,205

1,915

3,376

811

1,342

1,647

1,679

1,662

2,226

2,131

1,942

2,826

2,029

1,955

2,592

6,017

1,894

2,357

774

747

564

715

542

1,280

495

538

460

464

554

544

504

450

644

Transaction costs

0

-26

340

216

44

579

15

344

0

-8

242

11,615

13

20

53

118

149

344

237

373

428

1,017

46

32

468

-

2,619

1,394

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

5,258

5,379

5,180

7,185

9,630

13,445

13,310

13,325

13,148

12,900

13,472

14,761

17,231

17,706

17,724

18,480

18,058

17,794

17,873

17,566

19,128

17,455

17,677

17,286

16,629

17,354

16,620

17,533

17,137

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

0

0

-4,911

-25,071

-808

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Real Estate

0

0

0

2,800

66,200

0

0

0

0

-

0

13,100

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EXPENSES

26,813

27,970

26,574

39,229

132,917

50,795

48,021

49,303

47,284

59,550

57,369

85,748

60,356

67,169

70,498

68,699

66,873

72,052

67,680

65,921

67,469

73,608

62,142

61,017

57,231

57,890

55,728

55,030

52,486

-

-

-

-

-

-

-

-

-

-

Bargain purchase gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,918

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Investment Real Estate

0

0

302

55,221

377,581

0

0

0

0

29,366

74,715

116,283

187,734

0

14,927

0

24,739

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES

-1,278

-1,329

2,943

52,848

291,941

-770

-414

2,241

1,010

22,243

72,730

91,834

194,327

-2,547

8,761

-339

26,483

5,370

780

998

-230

-1,682

975

4,170

10,284

2,290

1,759

4,808

5,822

-

-

-

-

-

-

-

-

-

-

Provision for loan losses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

118

475

-

-17

66

313

487

104

Strategic alternatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,421

1,352

850

-

61

-

-

-

-

Total expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,947

3,999

3,812

-

2,586

2,666

2,907

2,965

2,729

Income (loss) before income tax provision and discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

917

-35

-25

-

1,223

1,181

1,149

1,338

1,206

Provision for income taxes

-22

196

87

281

318

130

115

292

388

183

339

462

392

606

379

471

190

-

179

-

-

-

-

-

-

-

-

-

-

-

272

58

-19

-

-9

-54

25

96

-20

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,153

8,382

-810

26,293

-

601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax

-

-

-

-

-

-

-

-

-

-

-

-

-

792

703

1,668

690

1,554

4,640

3,984

2,962

2,873

3,305

4,344

933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME FROM DISCONTINUED OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

792

703

1,668

690

6,705

4,640

3,984

2,962

2,873

3,305

4,344

933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-1,256

-1,525

2,856

52,567

291,623

-900

-529

1,949

622

22,060

72,391

91,372

193,935

-2,361

9,085

858

26,983

11,448

5,241

4,982

2,732

587

4,280

8,514

11,217

2,290

1,759

4,808

5,822

-

-

-

-

-

-

-

-

-

-

Net (income) loss attributable to noncontrolling interests

4

13

8

1

-174

6

-1

12

4

11

-4

9

5

9

-3

9

3

-

-1

6

-

112

-5

115

-2

110

-6

113

-4

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

645

-93

-6

-

1,232

1,235

1,124

1,242

1,226

Discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-172

-322

-149

-

-499

104

-208

-35

-3

NET (LOSS) INCOME ATTRIBUTABLE TO THE COMPANY

-1,260

-1,538

2,848

52,566

291,797

-906

-528

1,937

618

22,049

72,395

91,363

193,930

-2,370

9,088

849

26,980

11,442

5,242

4,976

2,732

475

4,285

8,399

11,219

2,180

1,765

4,695

5,826

19,686

473

-415

-155

3,134

733

1,339

916

1,207

1,223

Redeemable preferred stock dividends declared or accumulated (Note 10)

161

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable preferred stock dividends declared or accumulated (Note 10)

5,356

-

4,470

4,302

4,162

-

3,921

3,814

3,645

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable preferred stock dividends declared (Note 10)

-

-

-

-

-

-

-

-

-

-

138

72

31

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable preferred stock redemptions (Note 10)

10

5,874

0

4

4

1

1

1

1

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS

-6,787

-11,573

-1,622

48,260

287,631

-4,948

-4,448

-1,876

-3,026

20,366

72,257

91,291

193,899

-2,379

9,088

849

26,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMPREHENSIVE INCOME

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,399

11,219

-

1,765

4,695

5,826

-

-

-

-

-

-

-

-

-

-

NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE: (1)
Basic (in usd per share)

-0.46

1.42

-0.11

1.10

19.70

-0.57

-0.30

-0.04

-0.07

11.69

1.25

1.16

2.31

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.05

0.01

-

-

-

-

-

-

-

-

-

-

Continuing operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.02

0.10

-0.01

0.27

0.04

0.01

0.01

0.00

-0.03

0.01

0.04

0.11

-

-

-

-

-

0.06

-0.01

0.00

-

0.12

0.12

0.11

0.11

0.12

Discontinued operations (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.02

0.01

0.07

0.05

0.04

0.03

0.03

0.03

0.05

0.01

-

-

-

-

-

-0.02

-0.03

-0.01

-

-0.05

0.01

-0.02

-

-

Earnings Per Share, Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.10

0.01

0.28

0.12

0.05

0.05

0.03

0.00

0.04

0.09

0.12

-

-

-

-

-

0.04

-0.04

-0.01

-

0.07

0.13

0.09

0.11

0.12

Diluted (in usd per share)

-0.46

-0.12

-0.11

1.07

18.90

-0.57

-0.30

-0.04

-0.07

11.69

1.25

1.16

2.31

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.05

0.01

-

-

-

-

-

-

-

-

-

-

WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING: (1)
Basic (in shares)

14,598

-14,595

14,598

43,791

14,598

-43,786

14,598

43,791

43,785

-128,711

57,876

78,871

84,048

83,922

87,045

96,683

97,662

97,591

97,590

97,589

97,582

97,605

97,582

97,571

95,934

-286,320

95,440

95,440

477,200

350,008

10,590

10,586

10,576

-

10,575

10,570

10,561

10,558

10,550

Diluted (in shares)

14,599

-9,725

14,599

45,853

15,245

-43,786

14,598

43,791

43,785

-128,703

57,876

78,871

84,048

83,922

87,045

96,683

97,662

97,591

97,590

97,589

97,582

97,609

97,583

97,576

95,936

-286,320

95,440

95,440

477,200

349,987

10,590

10,607

10,576

-

10,589

10,626

10,617

10,574

10,566