Welcome to our dedicated page for CMCTL news (Ticker: CMCTL), a resource for investors and traders seeking the latest updates and insights on CMCTL stock.
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CIM Commercial Trust Corporation (NASDAQ: CMCT) reported its operating results for Q4 and year-end December 31, 2020. Net loss for Q4 was $8.9 million, improving from $11.6 million in Q4 2019. Annualized rent per occupied square foot increased 5.8% to $50.96. However, the same-store office portfolio was 80.3% leased, down from 87.0% a year earlier. Same-store net operating income decreased 8.9%, while cash NOI increased by 2.2%. Management anticipates growth opportunities in Austin and a recovery in Sacramento and lending operations.
CIM Commercial Trust Corporation (CMCT), a REIT focused on Class A office assets, has declared a quarterly cash dividend of $0.075 per common share, payable on March 30, 2021, to stockholders of record as of March 15, 2021. Additionally, the Board announced dividends for Series A and Series D Preferred Stocks, totaling $0.34375 and $0.353125 respectively for Q2 2021. Payments for preferred stock will occur in three installments starting on May 17, 2021.
