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CIM Commercial Trust: 2Q Earnings Snapshot

August 8, 2019

DALLAS (AP) _ CIM Commercial Trust Corp. (CMCT) on Thursday reported second-quarter net income of $52.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had profit of $1.07. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The real estate investment trust posted revenue of $36.9 million in the period.

CIM Commercial Trust shares have climbed 32% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.05, a climb of 31% in the last 12 months.


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

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