CIM Real Estate Finance Trust, Inc. Financial Ratios — CMRF

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-2.58	0.34	1.5	1.56	1.7	0.8	4.41	-0.58	1.51	2.04	0.41	-5.02
Return on Capital (%)	- -	- -	4.72	7.85	8.04	8.62	6.9	19.62	- -	7.58	8.98	8.92	- -
Return on Invested Capital (%)	- -	- -	3.05	3.38	3.57	3.45	3.6	4.52	- -	1.99	3.37	4.36	- -
Gross Margin (%)	92.94	86.83	84.77	85.19	85.71	84.14	84.19	84.12	82.44	77.44	92.61	96.8	97.09
EBITDA Margin (%)	62.46	68.98	69.98	71.33	72.07	70.01	70.47	69.97	37.49	55.89	67.42	58.78	7.87
Operating Margin (%)	30.05	36.65	37.92	38.39	39.3	37.17	38.17	44.27	10.15	30.47	51.79	51.33	1.31
Incremental Operating Margin (%)	- -	37.2	38.77	39.46	47.7	-14.8	96.88	-102.55	125.35	109.51	142.02	49.57	336.27
Pretax Margin (%)	-175.37	-32.06	4.36	17.65	17.67	18.76	8.67	44.28	-8.08	23.65	31.82	4.94	-60.4
Profit Margin (%)	-175.37	-32.06	4.37	17.61	17.63	18.73	8.64	44.25	-8.08	23.65	31.8	4.94	-60.41
Net Income to Common Margin (%)	-175.37	-32.06	4.37	17.61	17.63	18.73	8.64	44.25	-8.08	23.65	31.8	4.94	-60.41
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	-14.27	-66.2	652.52	124.24	118.89	117.1	273.86	61.2	-385.47	122.53	86.18	504.8	-52.7
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	- -	697	1,459	2,067	2,246	2,472	2,517	1,605	2,145	4,143	4,423	3,924	3,170
ST Debt	- -	- -	- -	- -	- -	- -	1,324	881	1,568	2,208	3,056	2,558	1,818
LT Debt	- -	697	1,459	2,067	2,246	2,472	1,193	724	577	1,935	1,367	1,366	1,353
Total Debt/EBITDA	- -	9.85	8.13	7.88	7.65	8.33	8.28	5.55	19.67	20.27	14.51	11.73	83.24
Net Debt/EBITDA	- -	5.6	7.83	7.78	7.62	8.31	8.25	3.94	18.55	19.74	14.12	10.99	78.48
Total Debt/EBIT	- -	18.54	15.01	14.64	14.03	15.68	15.29	8.77	72.67	37.18	18.89	13.44	500.99
Net Debt/EBIT	- -	10.54	14.44	14.45	13.97	15.65	15.23	6.22	68.56	36.22	18.38	12.59	472.34
EBITDA to Interest Expense	2.83	3.19	5.26	4.43	3.7	3.31	3.11	2.92	1.7	2.43	1.85	1.28	0.16
EBITDA-CapEx/Interest Expense	2.83	3.19	5.26	4.43	3.7	3.31	3.11	2.92	1.7	2.43	1.85	1.28	0.16
EBIT to Interest Expense	1.36	1.69	2.85	2.38	2.01	1.76	1.68	1.85	0.46	1.33	1.42	1.12	0.03
Interest Expense	2	22	34	59	79	90	98	99	64	84	165	261	239
Common Equity/Total Assets	- -	-4.17	-6.87	-8.85	-11.43	-13.61	-17.36	-22.16	-21.47	-14.42	-11.98	-15.73	-28.97
Long-Term Debt/Equity (%)	- -	39.41	59.58	86.57	99.1	114.61	59.6	36.73	26.23	71.67	52.04	56.1	69.67
Long-Term Debt/Capital (%)	- -	112.97	111.89	111.61	117.81	122.7	62.78	74.42	48.56	58.44	38.3	46.95	81.25
Long-Term Debt/Total Assets (%)	- -	27.31	36.19	45.1	48.57	52.27	25.83	19.73	12.93	27.79	19.16	21.19	26.02
Total Debt/Equity (%)	- -	39.41	59.58	86.57	99.1	114.61	125.78	81.43	97.57	153.47	168.4	161.15	163.29
Total Debt/Capital (%)	- -	112.97	111.89	111.61	117.81	122.7	132.49	165	180.61	125.14	123.95	134.85	190.43
Total Debt/Total Assets (%)	- -	27.31	36.19	45.1	48.57	52.27	54.51	43.75	48.1	59.51	62.01	60.87	60.99
Net Debt to Equity	- -	22.41	57.33	85.47	98.66	114.39	125.25	57.79	92.05	149.49	163.87	150.99	153.95
Net Debt/Capital (%)	- -	125.28	112.42	111.77	117.9	122.75	132.67	224.8	189.79	125.98	124.78	138.09	201.48
EBITDA	5	71	179	262	294	297	304	289	109	204	305	334	38
EBITDA-CapEx	5	71	179	262	294	297	304	289	109	204	305	334	38
Operating Income (Loss)	2	38	97	141	160	158	165	183	30	111	234	292	6

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	- -	9.77	1.18	0.54	0.21	0.11	0.01	0.5	0.07	0.05	0.04	0.09	0.1
Current Ratio	- -	10.86	2.18	1.84	1.77	2.27	0.16	1.28	0.68	1.8	1.37	1.74	1.92
Quick Ratio	- -	10.24	1.93	1.67	1.6	1.78	0.14	0.88	0.67	1.22	1.34	1.73	1.92
CFO/Avg Current Liab	- -	0.49	2.29	3.83	4.02	4.41	0.29	0.17	0.09	0.08	0.07	0.08	0.07
Common Equity/Total Assets	- -	-4.17	-6.87	-8.85	-11.43	-13.61	-17.36	-22.16	-21.47	-14.42	-11.98	-15.73	-28.97
Long-Term Debt/Equity (%)	- -	39.41	59.58	86.57	99.1	114.61	59.6	36.73	26.23	71.67	52.04	56.1	69.67
Long-Term Debt/Capital (%)	- -	112.97	111.89	111.61	117.81	122.7	62.78	74.42	48.56	58.44	38.3	46.95	81.25
Long-Term Debt/Total Assets (%)	- -	27.31	36.19	45.1	48.57	52.27	25.83	19.73	12.93	27.79	19.16	21.19	26.02
Total Debt/Equity (%)	- -	39.41	59.58	86.57	99.1	114.61	125.78	81.43	97.57	153.47	168.4	161.15	163.29
Total Debt/Capital (%)	- -	112.97	111.89	111.61	117.81	122.7	132.49	165	180.61	125.14	123.95	134.85	190.43
Total Debt/Total Assets (%)	- -	27.31	36.19	45.1	48.57	52.27	54.51	43.75	48.1	59.51	62.01	60.87	60.99
CFO/Total Liabilities	- -	0.97	5.63	8.33	8.16	7.73	7.87	11.4	4.89	3.48	3.97	5.58	4.95
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	0.19	0.07	0.11	0.09	0.05	-0.36	0.09	-0.36	0.25	0.17	0.35	0.28

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	- -	14.2	10.38	8.2	6.78	6.18	5.62	5.9	4.38	5.48	9.73	22.29	27.16
Days Sales Outstanding	- -	25.7	35.16	44.52	53.85	59.09	64.97	61.84	83.3	66.55	37.5	16.38	13.44
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	2.13	2.05	2.1	2.25	2.69	2.75	2.79	1.95	2.16	0.93	0.55	0.36
Accounts Payable Turnover Days	- -	171.26	177.8	173.49	162.1	135.51	132.93	130.78	187.38	168.76	390.87	661.31	1,026.53
Cash Conversion Cycle	- -	-145.56	-142.65	-128.97	-108.25	-76.42	-67.95	-68.95	-104.08	-102.21	-353.36	-644.93	-1,013.09
Inventory to Cash Days	- -	25.7	35.16	44.52	53.85	59.09	64.97	61.84	83.3	66.55	37.5	16.38	13.44
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	- -	- -	- -	126	122	99	99	99	99	117	- -	77	1,268
- Cash & Cash Equivalents	- -	301	55	26	10	5	11	466	121	107	119	248	181
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	26	122	191	189	186	184	181	- -	172	- -	- -	- -
+ Total Debt	- -	697	1,459	2,067	2,246	2,472	2,517	1,605	2,145	4,143	4,423	3,924	3,170
Enterprise Value	- -	423	1,526	2,357	2,548	2,753	2,790	1,419	2,123	4,324	4,304	3,754	4,257
Total Capital	- -	617	1,304	1,852	1,907	2,014	1,900	973	1,188	3,311	3,568	2,910	1,665
Total Debt/Capital (%)	- -	112.97	111.89	111.61	117.81	122.7	132.49	165	180.61	125.14	123.95	134.85	190.43
Total Debt / EV	- -	1.65	0.96	0.88	0.88	0.9	0.9	1.13	1.01	0.96	1.03	1.05	0.74
EV/Sales	- -	4.12	5.95	6.41	6.25	6.49	6.47	3.43	7.3	11.82	9.52	6.6	8.8
EV/EBITDA	- -	5.98	8.51	8.99	8.68	9.27	9.18	4.91	19.47	21.15	14.12	11.23	111.77
EV/EBIT	- -	11.25	15.7	16.7	15.91	17.46	16.95	7.75	71.93	38.81	18.38	12.85	672.74
EV/Cash Flow to Firm	- -	14.21	12.38	9.74	9.38	9.53	9.19	4.85	12.15	18.62	12.51	7.75	10.62
EV/Free Cash Flow to Firm	- -	14.21	12.38	9.74	9.38	9.53	9.19	4.85	12.15	18.62	12.51	7.75	10.62
Diluted Market Cap	- -	- -	- -	126	122	99	99	99	99	117	- -	77	1,268
Diluted Enterprise Value	- -	423	1,526	2,357	2,548	2,753	2,790	1,419	2,123	4,324	4,304	3,754	4,257
EV per Share	- -	1.41	5.22	7.62	8.17	8.83	8.96	4.56	6.81	11.82	9.84	8.58	9.74
TTM Sales	8	103	256	368	407	424	431	413	291	366	452	569	484
TTM EBITDA	5	71	179	262	294	297	304	289	109	204	305	334	38
TTM Operating Income	2	38	97	141	160	158	165	183	30	111	234	292	6
TTM Cash Flow to Firm	-7	30	123	242	272	289	304	292	175	232	344	485	401
TTM Free Cash Flow to Firm	-7	30	123	242	272	289	304	292	175	232	344	485	401

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Price/Free Cash Flow	- -	- -	- -	0.69	0.64	0.5	0.48	0.51	0.9	0.79	- -	0.35	7.86
EV/EBIT	- -	11.25	15.7	16.7	15.91	17.46	16.95	7.75	71.93	38.81	18.38	12.85	672.74
Enterprise Value	- -	423	1,526	2,357	2,548	2,753	2,790	1,419	2,123	4,324	4,304	3,754	4,257
Low Price	- -	- -	- -	8.95	- -	7	7	7	7	7	- -	- -	0.02
EV/Sales	- -	4.12	5.95	6.41	6.25	6.49	6.47	3.43	7.3	11.82	9.52	6.6	8.8
EV/EBITDA	- -	5.98	8.51	8.99	8.68	9.27	9.18	4.91	19.47	21.15	14.12	11.23	111.77
Price/Earnings	- -	- -	- -	1.95	1.7	1.25	2.66	0.54	- -	1.35	- -	2.76	- -
Price/Earnings Average	- -	- -	- -	1.95	1.26	1.5	2.66	0.54	-4.23	1.35	0.67	1.61	-3.78
Price/Earnings High	- -	- -	- -	42.73	38.85	33.83	58.49	11.91	-92.81	29.6	21.29	77.89	-6.3
Price/Earnings Low	- -	- -	- -	42.73	- -	27.47	58.49	11.91	-92.81	29.6	- -	0.03	-0.04
Price/Book Value	- -	- -	- -	-0.31	-0.23	-0.15	-0.12	-0.12	-0.1	-0.12	- -	-0.08	-0.84
Price/Book Value Average	- -	- -	- -	-0.31	-0.17	-0.18	-0.12	-0.12	-0.1	-0.12	-0.11	-0.04	-0.73
Price/Book Value High	- -	- -	- -	-6.83	-5.28	-4.17	-2.72	-2.68	-2.28	-2.55	-3.58	-2.16	-1.22
Price/Book Value Low	- -	- -	- -	-6.83	- -	-3.39	-2.72	-2.68	-2.28	-2.55	- -	- -	-0.01
Price/Tangible Book Value	- -	- -	- -	0.07	0.07	0.06	0.07	0.06	0.05	0.05	- -	0.03	0.65
Price/Tangible Book Value Average	- -	- -	- -	0.07	0.05	0.08	0.07	0.06	0.05	0.05	0.04	0.02	0.57
Price/Tangible Book Value High	- -	- -	- -	1.49	1.63	1.71	1.51	1.31	1.21	1.07	1.3	0.9	0.95
Price/Tangible Book Value Low	- -	- -	- -	1.49	- -	1.39	1.51	1.31	1.21	1.07	- -	- -	0.01
Price/Sales	- -	- -	- -	0.34	0.3	0.23	0.23	0.24	0.34	0.32	- -	0.14	2.62
Price/Sales Average	- -	- -	- -	0.34	0.22	0.28	0.23	0.24	0.34	0.32	0.21	0.08	2.28
Price/Sales High	- -	- -	- -	7.53	6.85	6.34	5.06	5.27	7.5	7	6.77	3.84	3.8
Price/Sales Low	- -	- -	- -	7.53	- -	5.14	5.06	5.27	7.5	7	- -	- -	0.02
Price/Cash Flow	- -	- -	- -	0.69	0.64	0.5	0.48	0.51	0.9	0.79	- -	0.35	7.86
Price/Cash Flow Average	- -	- -	- -	0.69	0.47	0.6	0.48	0.51	0.9	0.79	0.54	0.2	6.85
Price/Cash Flow High	- -	- -	- -	15.13	14.52	13.51	10.59	11.26	19.74	17.28	17.13	9.77	11.41
Price/Cash Flow Low	- -	- -	- -	15.13	- -	10.97	10.59	11.26	19.74	17.28	- -	- -	0.07
Price/Free Cash Flow Average	- -	- -	- -	0.69	0.47	0.6	0.48	0.51	0.9	0.79	0.54	0.2	6.85
Price/Free Cash Flow High	- -	- -	- -	15.13	14.52	13.51	10.59	11.26	19.74	17.28	17.13	9.77	11.41
Price/Free Cash Flow Low	- -	- -	- -	15.13	- -	10.97	10.59	11.26	19.74	17.28	- -	- -	0.07
EV/Sales Average	- -	4.12	5.95	6.41	6.17	6.54	6.47	3.43	7.3	11.82	9.73	6.54	8.46
EV/Sales High	- -	4.12	5.95	13.59	12.8	12.59	11.29	8.46	14.46	18.5	16.29	10.31	9.98
EV/Sales Low	- -	4.12	5.95	13.59	5.95	11.4	11.29	8.46	14.46	18.5	9.52	6.46	6.2
EV/EBITDA Average	- -	5.98	8.51	8.99	8.57	9.34	9.18	4.91	19.47	21.15	14.43	11.13	107.49
EV/EBITDA High	- -	5.98	8.51	19.06	17.76	17.99	16.03	12.1	38.57	33.11	24.16	17.54	126.81
EV/EBITDA Low	- -	5.98	8.51	19.06	8.26	16.29	16.03	12.1	38.57	33.11	14.12	11	78.77
EV/EBIT Average	- -	11.25	15.7	16.7	15.71	17.59	16.95	7.75	71.93	38.81	18.79	12.74	646.95
EV/EBIT High	- -	11.25	15.7	35.41	32.58	33.87	29.59	19.12	142.5	60.73	31.45	20.08	763.24
EV/EBIT Low	- -	11.25	15.7	35.41	15.15	30.67	29.59	19.12	142.5	60.73	18.38	12.59	474.13
Last Price	- -	- -	- -	0.41	0.39	0.32	0.32	0.32	0.32	0.32	- -	0.18	2.9
High Price	- -	- -	- -	8.95	8.95	8.62	7	7	7	7	7	5	4.21
Enterprise Value Average	- -	423	1,526	2,357	2,516	2,772	2,790	1,419	2,123	4,324	4,400	3,721	4,094
Enterprise Value High	- -	423	1,526	4,999	5,217	5,340	4,871	3,499	4,206	6,768	7,365	5,863	4,830
Enterprise Value Low	- -	423	1,526	4,999	2,425	4,835	4,871	3,499	4,206	6,768	4,304	3,677	3,000

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Shares Outstanding	- -	300	305	312	312	312	311	311	362	437	437	437	437
Diluted Weighted Avg Shares	300	300	292	309	312	312	311	311	312	366	437	437	437
Basic Weighted Avg Shares	300	300	292	309	312	312	311	311	312	366	437	437	437
Revenue per Share	0.03	0.34	0.88	1.19	1.31	1.36	1.38	1.33	0.93	1	1.03	1.3	1.11
EBITDA per Share	0.02	0.24	0.61	0.85	0.94	0.95	0.98	0.93	0.35	0.56	0.7	0.76	0.09
Operating Income per Share	0.01	0.13	0.33	0.46	0.51	0.51	0.53	0.59	0.09	0.3	0.54	0.67	0.01
Basic EPS, GAAP	-0.05	-0.11	0.04	0.21	0.23	0.25	0.12	0.59	-0.08	0.24	0.33	0.06	-0.67
Basic EPS from Cont Ops	-0.05	-0.11	0.04	0.21	0.23	0.26	0.12	0.59	-0.08	0.24	0.33	0.06	-0.67
Diluted EPS, GAAP	-0.05	-0.11	0.04	0.21	0.23	0.25	0.12	0.59	-0.08	0.24	0.33	0.06	-0.67
Diluted EPS from Cont Ops	-0.05	-0.11	0.04	0.21	0.23	0.26	0.12	0.59	-0.08	0.24	0.33	0.06	-0.67
Dividend per Share	0.01	0.07	0.25	0.26	0.27	0.3	0.33	0.36	0.29	0.29	0.28	0.32	0.35
Cash Flow per Share	-0.03	0.03	0.31	0.59	0.62	0.64	0.66	0.62	0.35	0.41	0.41	0.51	0.37
Free Cash Flow per Basic Share	-0.03	0.03	0.31	0.59	0.62	0.64	0.66	0.62	0.35	0.41	0.41	0.51	0.37
Cash & Equivalents per Share	- -	1	0.19	0.09	0.03	0.02	0.03	1.5	0.39	0.29	0.27	0.57	0.41
Book Value per Share	- -	-0.36	-0.95	-1.31	-1.69	-2.07	-2.57	-2.61	-3.07	-2.75	-1.95	-2.32	-3.44
Tangible Book Value per Share	- -	5.08	6.88	5.99	5.49	5.03	4.64	5.32	5.8	6.52	5.37	5.57	4.44

CIM Real Estate Finance Trust, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)