CIM Real Estate Finance Trust, INC.: insider trades · United States · SEC (Form 4)

About CIM Real Estate Finance Trust, INC.

CIM Real Estate Finance Trust, Inc. (ticker: CMRF) is a U.S. real estate investment trust focused on credit-oriented property finance. It was formed as a Maryland corporation on July 27, 2010, and elected REIT tax status beginning with the fiscal year ended December 31, 2012. The company is externally managed by CIM Real Estate Finance Management, LLC, an affiliate of CIM Group, giving it access to an established institutional real estate investment platform in the United States. For market-context purposes, CMRF is a U.S. issuer and should be viewed as part of the American market rather than as a primary NYSE/NASDAQ-listed operating company. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1498547/000149854725000082/cmft-20250930.htm?utm_source=openai)) CMRF’s business model is centered on a diversified portfolio of senior secured mortgage loans, creditworthy long-term net-leased property investments, and other senior loan and liquid credit investments. In other words, the company sits at the intersection of real estate debt investing and property-backed credit, with an emphasis on collateralized income generation rather than direct ownership of a large stabilized property portfolio. The stated objective is to achieve attractive risk-adjusted returns and create long-term value for shareholders. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1498547/000149854725000082/cmft-20250930.htm?utm_source=openai)) From a competitive standpoint, CMRF operates in a crowded market where mortgage REITs, specialty finance platforms, and institutional credit investors compete for similar assets. Its main differentiator is the CIM Group relationship, which provides sourcing, underwriting, asset-management, and capital-markets capabilities across real estate and credit. That said, the segment remains exposed to the usual risks of real estate credit investing: refinancing risk, borrower quality, collateral valuation, and interest-rate sensitivity. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1498547/000149854725000082/cmft-20250930.htm?utm_source=openai)) Recent disclosures filed with the SEC show that as of December 31, 2025, the consolidated portfolio was approximately $1.6 billion, consisting primarily of first mortgage loans, commercial mortgage-backed securities, and an investment in an unconsolidated joint venture. In the first quarter of 2025, the company reported taking control of assets securing two risk-rated first mortgage loans through deeds-in-lieu of foreclosure, highlighting active credit-risk management. As of June 30, 2025, the most recent estimated net asset value per common share was $5.22, established by the board on March 28, 2025 using a December 31, 2024 valuation date. Recent SEC filings also show amendments to financing facilities, including the Wells Fargo repurchase agreement, along with Form 4 insider activity reflecting transactions by executives and control persons associated with CIM Group. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001498547/000149854726000013/cmft-20251231.htm?utm_source=openai))