The Online Investor
CMCT Buyback image

CIM Commercial Trust Corporation Buyback

OLI recorded this information on 9/14/2016

Company: CIM Commercial Trust Corporation
Buyback: CMCT buyback
Share Amount Authorized: 3,628,116
Buyback Details: CIM Commercial Trust Corporation (NASDAQ:CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S., today announced that it has repurchased in a privately negotiated transaction 3,628,116 shares of its common stock from a fund (the "Fund") managed by an affiliate of CIM Group, the manager of CMCT. The aggregate purchase price was $79,818,551, or $22 per share.

CIM Commercial Trust acquires, owns, and operates Class A and office assets in metropolitan communities. Co.'s reportable segments consist of commercial real estate properties, namely office and hotel, as well as a segment for its lending business. The products for Co.'s office segment primarily include rental of office space and other tenant services. The products for Co.'s multifamily segment include rental of apartments and other tenant services. The products for Co.'s hotel segment include the operations of hotel properties. Through its loans originated under the Small Business Administration's 7(a) Guaranteed Loan Program , Co. primarily originates loans to small businesses.
Open the CMCT Page at The Online Investor »

Company Name: 
CIM Commercial Trust Corp
Stock buyback: 
CMCT buyback
Website: 
www.cimcommercial.com
Sector: 
REITs
Number of ETFs Holding CMCT: 
7
Total Market Value Held by ETFs: 
$5.36M
Total Market Capitalization: 
$167.00M
% of Market Cap. Held by ETFs: 
3.21%
 

Open the CMCT Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree CMCT Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Strong Buy (4.00 out of 4)
93rd percentile
(ranked higher than approx. 93% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

CMCT Buyback Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.