CIM Real Estate Finance Trust, Inc (CMRF) Fair Value & Analysis

Real Estate · US · Market cap $1.0B

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (4 years)

White line = price, green steps = our fair value per fiscal year. As of Jul 26, 2026.

How to read this chart

51‑month range $0.0006 – $3.40 · fair‑value band $1.53 – $2.55 · the $2.30 price screens below the $2.44 fair value. As of Jul 26, 2026.

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Analysis

CIM Real Estate Finance Trust, Inc (CMRF) currently trades at $2.30, while our model-based Fair Value estimate is $2.44, implying the stock looks roughly 6.1% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, CIM Real Estate Finance Trust, Inc generated revenue of $407M at a net margin of 31.5%. Revenue declined 8.3% year over year. It earns a return on equity of 7.3%. Net debt stands at $2.9B. Fundamentals as of Jul 26, 2026

Our scenario range runs from $1.53 (bear case) to $2.55 (bull case); at $2.30, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at 6%, CMRF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples ($4.00) versus Economic Profit ($2.67). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust that elected to be taxed, and operates its business to qualify, as a REIT for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2012.

Full company description

CIM Real Estate Finance Trust, Inc. is a non-exchange traded real estate investment trust that elected to be taxed, and operates its business to qualify, as a REIT for U.S. federal income tax purposes beginning with its taxable year ended December 31, 2012. The Company seeks to attain attractive risk-adjusted returns and create long term value for its investors by investing in a diversified portfolio of senior secured mortgage loans, creditworthy long-term net-leased property investments and other senior loan and liquid credit investments. As of September 30, 2025, the Company's loan portfolio consisted of 76 loans with a net book value of $3.2 billion, and investments in real estate-related securities and other of $246.1 million. The Company conducts its commercial real estate lending business through CIM Commercial Lending REIT, a Maryland statutory trust and subsidiary of the Company which the Company expects to be taxed as a REIT for U.S. federal income tax purposes. As of September 30, 2025, CLR holds a diversified portfolio of approximately $1.4 billion which includes first mortgage loans with a net book value of $1.1 billion, commercial mortgage-backed securities (CMBS) with an estimated fair value of $142.7 million, and an investment in the Unconsolidated Joint Venture (as defined in Note 2 " Summary of Significant Accounting Policies) with a carrying value of $152.7 million. As of September 30, 2025, the Company owned 198 commercial real estate properties, comprising approximately 6.4 million rentable square feet of commercial space located in 37 states. As of September 30, 2025, the rentable square feet at these properties were 96.9% leased, including month-to-month agreements, if any. As of September 30, 2025, the Company owned condominium developments with a net book value of $17.7 million. CIM Real Estate Finance Trust, Inc. was estab;ished in Maryland on July 27, 2010.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CIM Real Estate Finance Trust, Inc reported revenue of $416M in FY2025 versus $366M in FY2021, a compound +3.3%/yr. Reported net income was $52.4M in FY2025.

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Peer Group

REIT - Diversified · 165 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs REIT - Diversified median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.