CIM Real Estate Finance Trust (CIM Real Estate Finance Trust) Operating Income : $216.2 Mil (TTM As of Mar. 2024)

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What is CIM Real Estate Finance Trust Operating Income?

CIM Real Estate Finance Trust's Operating Income for the three months ended in Mar. 2024 was $31.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $216.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CIM Real Estate Finance Trust's Operating Income for the three months ended in Mar. 2024 was $31.7 Mil. CIM Real Estate Finance Trust's Revenue for the three months ended in Mar. 2024 was $134.4 Mil. Therefore, CIM Real Estate Finance Trust's Operating Margin % for the quarter that ended in Mar. 2024 was 23.54%.

Good Sign:

CIM Real Estate Finance Trust Inc operating margin is expanding. Margin expansion is usually a good sign.

CIM Real Estate Finance Trust's 5-Year average Growth Rate for Operating Margin % was 9.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CIM Real Estate Finance Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 2.09%. CIM Real Estate Finance Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13,845.84%.

CIM Real Estate Finance Trust Operating Income Historical Data

The historical data trend for CIM Real Estate Finance Trust's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CIM Real Estate Finance Trust Operating Income Chart

CIM Real Estate Finance Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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182.98

29.52

111.43

234.17

292.02

CIM Real Estate Finance Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															107.46	56.07	51.25	77.24	31.65

CIM Real Estate Finance Trust Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $216.2 Mil.

CIM Real Estate Finance Trust (OTCPK:CMRF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CIM Real Estate Finance Trust's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	126.604 * ( 1 - 0% )	/	( (6128.792	+	5957.936)	/ 2 )
=	126.604	/	6043.364
=	2.09 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	6446.476	-	70.184	-	( 247.5	-	max(0, 2632.383	-	4579.234	+	247.5	))
=	6128.792

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	6324.493	-	65.261	-	( 301.296	-	max(0, 2590.327	-	4510.005	+	301.296	))
=	5957.936

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

CIM Real Estate Finance Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	108.136	/	( ( (0 + max(-35.031999999999, 0))	+	(0 + max(1.5619999999992, 0)) )	/	2 )
=	108.136	/	( ( 0	+	1.5619999999992 )	/	2 )
=	108.136	/	0.78099999999962
=	13,845.84 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.082	+	0	+	22.505)	-	(70.184	+	4.435	+	-4.5474735088646E-13)
=	-35.031999999999

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.951	+	0	+	53.494)	-	(65.261	+	4.622	+	4.5474735088646E-13)
=	1.5619999999992

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

CIM Real Estate Finance Trust's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	31.651	/	134.429
	=	23.54 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

CIM Real Estate Finance Trust Operating Income Related Terms

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CIM Real Estate Finance Trust (CIM Real Estate Finance Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CIM Real Estate Finance Trust Inc (OTCPK:CMRF) » Definitions » Operating Income

Comparable Companies

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N/A

Address

2398 East Camelback Road, 4th Floor, Phoenix, AZ, USA, 85016

Website

https://www.colecapital.com

CIM Real Estate Finance Trust Inc is a real estate investment trust. The company invests in commercial real estate investments consisting of necessity retail properties located throughout the United States. The company operates a diversified portfolio of core commercial real estate consisting of net leased properties located throughout the United States and short-duration senior secured loans and other credit investments.

Executives

Jason K Schreiber	director	263 NINTH AVENUE APARTMENT 9B, NEW YORK NY 10001
Krol Emily Vande	director	30003 N. 68TH STREET, SCOTTSDALE AZ 85266
Roger Snell	director	2325 E CAMELBACK RD, SUITE 1100, PHOENIX AZ 85016
Stephen O Evans	director	5825 EAST STARLIGHT WAY, PARADISE VALLEY AZ 85253
Gary Robert A Iv	director	1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
Calvin E Hollis	director	2325 E. CAMELBACK ROAD, 10TH FLOOR, PHOENIX AZ 85016
Marcus E Bromley	director
Howard A Silver	director	999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Elaine Y Wong	director	4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Avraham Shemesh	director	C/O CIM GROUP, LLC, 6922 HOLLYWOOD BLVD. 9TH FLOOR, LOS ANGELES CA 90028
W Brian Kretzmer	director	26110 ENTERPRISE WAY, STE 200, LAKE FOREST CA 92630
Richard S Ressler	director, officer: CEO & President	C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Smith Jeffrey Randall Jr	officer: See Remarks	COLE CAPITAL, 2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016
Nathan David Debacker	officer: See Remarks	2325 E. CAMELBACK ROAD, SUITE 1100, PHOENIX AZ 85016
Glenn J Rufrano	director	C/O NEW PLAN EXCEL REALTY TRUST, INC., 1120 AVENUE OF THE AMERICAS, SUITE 1200, NEW YORK NY 10036

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