CIM Commercial Trust: Q1 Earnings Snapshot
DALLAS (AP) _ CIM Commercial Trust Corp. (CMCT) on Tuesday reported a key measure of profitability in its first quarter, after reporting a loss in the same period a year earlier. The real estate investment trust, based in Dallas, said it had funds from operations of $2.3 million, or 10 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $2.8 million, or 12 cents per share. The real estate investment trust posted revenue of $24.8 million in the period. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCT at https:||www.zacks.com|ap|CMCT
CIM Commercial Trust: Q1 Earnings Snapshot
DALLAS (AP) _ CIM Commercial Trust Corp. (CMCT) on Tuesday reported a key measure of profitability in its first quarter, after reporting a loss in the same period a year earlier. The real estate investment trust, based in Dallas, said it had funds from operations of $2.3 million, or 10 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had a loss of $2.8 million, or 12 cents per share. The real estate investment trust posted revenue of $24.8 million in the period. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCT at https:||www.zacks.com|ap|CMCT