2020 Q2 Form 10-Q Financial Statement

#000090831120000016 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $16.51M $36.86M
YoY Change -55.2% -28.5%
Cost Of Revenue $11.48M $19.95M
YoY Change -42.46% -25.86%
Gross Profit $5.030M $16.91M
YoY Change -70.25% -31.37%
Gross Profit Margin 30.47% 45.88%
Selling, General & Admin $1.670M $1.840M
YoY Change -9.24% -18.58%
% of Gross Profit 33.2% 10.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.200M $7.190M
YoY Change -27.68% -46.02%
% of Gross Profit 103.38% 42.52%
Operating Expenses $6.870M $9.020M
YoY Change -23.84% -42.11%
Operating Profit -$1.840M $52.85M
YoY Change -103.48% 2258.23%
Interest Expense $2.896M $2.550M
YoY Change 13.57% -62.56%
% of Operating Profit 4.83%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.732M $52.85M
YoY Change -108.95% 2258.23%
Income Tax -$691.0K $281.0K
% Of Pretax Income 0.53%
Net Earnings -$4.043M $52.57M
YoY Change -107.69% 2613.78%
Net Earnings / Revenue -24.49% 142.63%
Basic Earnings Per Share -$0.55 $3.31
Diluted Earnings Per Share -$0.55 $3.20
COMMON SHARES
Basic Shares Outstanding 14.78M shares 14.60M shares
Diluted Shares Outstanding 14.78M shares 15.28M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.20M $373.7M
YoY Change -79.88% 309.76%
Cash & Equivalents $75.19M $372.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.600M $4.800M
Other Receivables $0.00 $0.00
Total Short-Term Assets $77.80M $378.5M
YoY Change -79.45% 276.99%
LONG-TERM ASSETS
Property, Plant & Equipment $507.8M $504.5M
YoY Change 0.65% -53.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $47.10M $222.9M
YoY Change -78.87% 104.5%
Total Long-Term Assets $648.4M $818.0M
YoY Change -20.73% -36.49%
TOTAL ASSETS
Total Short-Term Assets $77.80M $378.5M
Total Long-Term Assets $648.4M $818.0M
Total Assets $726.2M $1.197B
YoY Change -39.3% -13.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.10M $13.30M
YoY Change -1.5% -51.46%
Accrued Expenses $200.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.10M $20.30M
YoY Change 3.94% -44.54%
LONG-TERM LIABILITIES
Long-Term Debt $371.7M $162.3M
YoY Change 129.02% -75.66%
Other Long-Term Liabilities $9.300M $14.30M
YoY Change -34.97% -22.28%
Total Long-Term Liabilities $381.0M $176.6M
YoY Change 115.74% -74.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.10M $20.30M
Total Long-Term Liabilities $381.0M $176.6M
Total Liabilities $402.1M $196.9M
YoY Change 104.16% -72.72%
SHAREHOLDERS EQUITY
Retained Earnings -$105.6M
YoY Change -74.16%
Common Stock $15.00K $44.00K
YoY Change -65.91% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $283.9M $965.6M
YoY Change
Total Liabilities & Shareholders Equity $726.2M $1.197B
YoY Change -39.3% -13.82%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$4.043M $52.57M
YoY Change -107.69% 2613.78%
Depreciation, Depletion And Amortization $5.200M $7.190M
YoY Change -27.68% -46.02%
Cash From Operating Activities -$740.0K $9.240M
YoY Change -108.01% -51.87%
INVESTING ACTIVITIES
Capital Expenditures -$3.920M -$3.480M
YoY Change 12.64% -11.45%
Acquisitions
YoY Change
Other Investing Activities -$14.19M $110.7M
YoY Change -112.81% -7633.33%
Cash From Investing Activities -$18.10M $107.3M
YoY Change -116.87% -2086.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 71.81M -44.16M
YoY Change -262.61% -247.25%
NET CHANGE
Cash From Operating Activities -740.0K 9.240M
Cash From Investing Activities -18.10M 107.3M
Cash From Financing Activities 71.81M -44.16M
Net Change In Cash 52.97M 72.35M
YoY Change -26.79% 65.22%
FREE CASH FLOW
Cash From Operating Activities -$740.0K $9.240M
Capital Expenditures -$3.920M -$3.480M
Free Cash Flow $3.180M $12.72M
YoY Change -75.0% -45.01%

Facts In Submission

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CY2019Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax
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CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2019Q1 us-gaap Reclassifications Of Temporary To Permanent Equity
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Profit Loss
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cmct Deferred Rent And Amortization Of Intangible Assets Liabilities And Lease Inducements
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us-gaap Depreciation And Amortization
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0 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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0 USD
us-gaap Gain Loss On Discontinuation Of Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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209000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
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0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
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432802000 USD
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69000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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590000 USD
us-gaap Amortization Of Debt Discount Premium
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us-gaap Amortization Of Debt Discount Premium
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518000 USD
cmct Unrealized Premium Adjustment
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1007000 USD
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261000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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247000 USD
us-gaap Provision For Doubtful Accounts
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cmct Discontinued Operation Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
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us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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us-gaap Proceeds From Sale Of Loans Held For Sale
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us-gaap Proceeds From Collection Of Loans Held For Sale
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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332000 USD
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Due To Related Parties
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5241000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Payments To Acquire Loans Held For Investment
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us-gaap Payments To Acquire Loans Held For Investment
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4710000 USD
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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61500000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
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0 USD
us-gaap Repayments Of First Mortgage Bond
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0 USD
us-gaap Repayments Of First Mortgage Bond
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cmct Payments To Acquire Marketable Securities For Defeasance Of Mortgage Payable
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cmct Payments To Acquire Marketable Securities For Defeasance Of Mortgage Payable
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5370000 USD
us-gaap Repayments Of Notes Payable
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Repayments Of Secured Debt
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us-gaap Payments Of Stock Issuance Costs
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133000 USD
cmct Paymentof Other Deferred Costs
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195000 USD
us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Proceeds From Issuance Of Warrants
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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us-gaap Payments Of Dividends Minority Interest
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45000 USD
us-gaap Payments Of Dividends Minority Interest
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us-gaap Net Cash Provided By Used In Financing Activities
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68307000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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0 USD
cmct Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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50205000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35947000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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86152000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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79000 USD
cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
616000 USD
cmct Stock Offering Costs Not Yet Paid
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355000 USD
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
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2428000 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
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1150000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
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303000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
122000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Permanent Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockPermanentEquity
2000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Permanent Equity
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0 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
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us-gaap Reclassifications Of Temporary To Permanent Equity
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19715000 USD
cmct Loan Costs Incurred During Noncash Or Partial Noncash Transaction
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165000 USD
cmct Loan Costs Incurred During Noncash Or Partial Noncash Transaction
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0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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174000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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243000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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362000 USD
cmct Transfer Of Marketable Securities For Defeasance Of Mortgage Payable
TransferOfMarketableSecuritiesForDefeasanceOfMortgagePayable
0 USD
cmct Transfer Of Marketable Securities For Defeasance Of Mortgage Payable
TransferOfMarketableSecuritiesForDefeasanceOfMortgagePayable
268194000 USD
cmct Mortgages Payable Defeased
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0 USD
cmct Mortgages Payable Defeased
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245000000 USD
us-gaap Notes Assumed1
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us-gaap Notes Assumed1
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28200000 USD
us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
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213000 USD
us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
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0 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2020Q2 us-gaap Impairment Of Real Estate
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0 USD
CY2019Q2 us-gaap Impairment Of Real Estate
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2800000 USD
us-gaap Impairment Of Real Estate
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69000000 USD
CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
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12567000 USD
us-gaap Stock Issued1
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2359000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION AND OPERATIONS<div style="text-indent:36pt;margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">CIM Commercial Trust Corporation ("CIM Commercial" or the "Company"), a Maryland corporation and real estate investment trust ("REIT"), together with its wholly-owned subsidiaries ("we," "us" or "our") primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). These communities are located in areas that include traditional downtown areas and suburban main streets, which have high barriers to entry, high population density, positive population trends and a propensity for growth. We were originally organized in 1993 as PMC Commercial Trust ("PMC Commercial"), a Texas real estate investment trust.</span></div><div style="text-indent:36pt;margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On July 8, 2013, PMC Commercial entered into a merger agreement with CIM Urban REIT, LLC ("CIM REIT"), an affiliate of CIM Group, L.P. ("CIM Group" or "CIM"), and subsidiaries of the respective parties. CIM REIT was a private commercial REIT and was the owner of CIM Urban Partners, L.P. ("CIM Urban"). The merger was completed on March 11, 2014 (the "Acquisition Date"). </span></div><div style="text-indent:36pt;margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Our common stock, $0.001 par value per share ("Common Stock"), is currently traded on the Nasdaq Global Market ("Nasdaq"), under the ticker symbol "CMCT", and on the Tel Aviv Stock Exchange (the "TASE"), under the ticker symbol "CMCT-L." Our Series L preferred stock, $0.001 par value per share ("Series L Preferred Stock"), is currently traded on Nasdaq and on the TASE, in each case under the ticker symbol "CMCTP." We have authorized for issuance 900,000,000 shares of common stock and 100,000,000 shares of preferred stock ("Preferred Stock").</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">        We filed Articles of Amendment (the "Reverse Stock Split Amendment") to effectuate a one-for-three reverse stock split of our Common Stock, effective on September 3, 2019 (the "Reverse Stock Split"). Pursuant to the Reverse Stock Split Amendment, every three shares of Common Stock issued and outstanding immediately prior to the effective time of the Reverse Stock Split were converted into one share of Common Stock, par value $0.003 per share. In connection with the Reverse Split Amendment, the Company filed Articles of Amendment to revert the par value of the Common Stock issued and outstanding from $0.003 per share to $0.001 per share, effective as of September 3, 2019, following the effective time of the Reverse Split Amendment. All Common Stock and per share of Common Stock amounts set forth in this Quarterly Report on Form 10-Q have been adjusted to give retroactive effect to the Reverse Stock Split, unless otherwise stated.</span></div><div style="text-indent:36pt;margin-top:8pt;margin-bottom:8pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">CIM Commercial has qualified and intends to continue to qualify as a REIT, as defined in the Internal Revenue Code of 1986, as amended.</span></div>
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2020Q2 cmct Preferred Stock Including Temporary Equity Shares Authorized
PreferredStockIncludingTemporaryEquitySharesAuthorized
100000000 shares
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.003
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.003
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Fiscal Period
FiscalPeriod
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Interim Financial Information</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">—The accompanying interim consolidated financial statements of CIM Commercial have been prepared by our management in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Certain information and note disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the interim consolidated financial statements do not include all of the information and notes required by GAAP for complete financial statements. The accompanying financial information reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair presentation of our financial position, results of operations and cash flows for the interim periods. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 given, among other things, the uncertain impact of the novel coronavirus (“COVID-19”) on our operations during the remainder of the year. Our accompanying interim consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K filed with the SEC on March 16, 2020.</span>
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
20640000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
25912000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
51536000 USD
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1133000 USD
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1779000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2607000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
4464000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
13700000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
22419000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
28519000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
56000000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
869000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9549000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8628000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19353000 USD
CY2020Q2 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 USD
CY2019Q2 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 USD
cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 USD
cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
205000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 USD
CY2020Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
7328000 USD
CY2019Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
7622000 USD
cmct Loan And Leases Receivable Nonaccrual Loan And Lease Status Past Due Period
LoanAndLeasesReceivableNonaccrualLoanAndLeaseStatusPastDuePeriod
P60D
CY2020Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
36000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-16000 USD
CY2019Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-56000 USD
CY2019Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0 USD
CY2020Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0 USD
CY2020Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
21118000 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
19988000 USD
CY2020Q2 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
16536000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
16881000 USD
CY2020Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7878000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7438000 USD
CY2020Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
5823000 USD
CY2019Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
5275000 USD
CY2020Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
541000 USD
CY2019Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
151000 USD
cmct Preferred Stock Redemption Price Percentage
PreferredStockRedemptionPricePercentage
1
cmct Preferred Stock Redemption Price Percentage
PreferredStockRedemptionPricePercentage
1
cmct Preferred Stock Redemption Price Percentage
PreferredStockRedemptionPricePercentage
1
cmct Preferred Stock Redemption Price Consecutive Trading Daysof Weighted Average Common Stock Price
PreferredStockRedemptionPriceConsecutiveTradingDaysofWeightedAverageCommonStockPrice
P20D
cmct Preferred Stock Redemption Price Consecutive Trading Daysof Weighted Average Common Stock Price
PreferredStockRedemptionPriceConsecutiveTradingDaysofWeightedAverageCommonStockPrice
P20D
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Reclassifications</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">—Certain prior period amounts have been reclassified to conform with the current period presentation. To comply with the current year presentation, we reclass</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">ified $1,572,000 and $272,000, related to certain funds at our hotel property, from cash to other assets as of June 30, 2019 and December 31, 2018, respectively, which resulted in a $1,300,000 decrease in cash provided by operating activities for the six m</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">onths ended June 30, 2019</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%;">.</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> Furthermore, we reclassified </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">$542,000</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> and </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">$1,189,000</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> from asset management and other fees to related parties to expense reimbursements to </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">related parties—corporate for the three and six months ended </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">June 30, 2019, respectively,</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;"> and $551,000 and $1,188,000 from asset management and other fees to related parties to expense reimbursements to related parties—lending segment for the three and six months ended </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">June 30, 2019, respectively</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">.</span>
us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Use of Estimates</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">—The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. We base such estimates on historical experience, information available at the time, and assumptions we believe to be reasonable under the circumstances and at such time, including the impact of extraordinary events such as COVID-19. Actual results could differ from those estimates.</span>
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquistion
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquistion
cmct Percentage Of Ownership Sold
PercentageOfOwnershipSold
1
CY2019Q2 cmct Disposal Group Including Discontinued Operation Debt Deferred Loan Costs
DisposalGroupIncludingDiscontinuedOperationDebtDeferredLoanCosts
1704000 USD
CY2019Q2 cmct Disposal Group Including Discontinued Operation Debt Accumulated Amortization
DisposalGroupIncludingDiscontinuedOperationDebtAccumulatedAmortization
576000 USD
CY2019Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
66200000 USD
CY2019Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2800000 USD
CY2019Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2800000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
69000000 USD
CY2020Q2 us-gaap Land
Land
134421000 USD
CY2019Q4 us-gaap Land
Land
134421000 USD
CY2020Q2 us-gaap Land Improvements
LandImprovements
2713000 USD
CY2019Q4 us-gaap Land Improvements
LandImprovements
2713000 USD
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
448832000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
438349000 USD
CY2020Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
4764000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
4628000 USD
CY2020Q2 us-gaap Tenant Improvements
TenantImprovements
35299000 USD
CY2019Q4 us-gaap Tenant Improvements
TenantImprovements
35667000 USD
CY2020Q2 us-gaap Development In Process
DevelopmentInProcess
9091000 USD
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
13484000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
635120000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
629262000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
127364000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
120555000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
507756000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
508707000 USD
CY2020Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
4337000 USD
CY2019Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5815000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
8594000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
13752000 USD
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
77105000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
67532000 USD
CY2020Q2 cmct Financing Receivables Deferred Capitalized Costs
FinancingReceivablesDeferredCapitalizedCosts
497000 USD
CY2019Q4 cmct Financing Receivables Deferred Capitalized Costs
FinancingReceivablesDeferredCapitalizedCosts
1145000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
447000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
598000 USD
CY2020Q2 us-gaap Notes Receivable Net
NotesReceivableNet
77155000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
68079000 USD
CY2020Q2 cmct Financing Receivable Percent Current
FinancingReceivablePercentCurrent
0.999
CY2019Q4 cmct Financing Receivable Percent Current
FinancingReceivablePercentCurrent
0.996
CY2020Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2368000 USD
CY2020Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1488000 USD
CY2020Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
880000 USD
cmct Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P4Y
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
3521000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2239000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
1282000 USD
CY2019 cmct Acquired Finite Lived Intangible Liabilities Weighted Average Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageUsefulLife
P4Y
CY2020Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
148000 USD
CY2019Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
421000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
402000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
934000 USD
CY2020Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
371666000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
307421000 USD
CY2020Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
4770000 USD
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
4535000 USD
CY2020Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
2042000 USD
CY2019Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1494000 USD
CY2018Q4 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
1 swap
CY2018Q4 cmct Derivative Notional Amountof Terminated Derivatives
DerivativeNotionalAmountofTerminatedDerivatives
50000000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
CY2020Q2 cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-8141000 USD
CY2019Q1 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
2 swap
CY2020Q2 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
604000 USD
CY2019Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
650000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3094000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
11815000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
215030000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1768000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1313000 USD
CY2020Q2 cmct Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
142567000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
375587000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14782000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14597000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14690000 shares
CY2019Q2 cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
48260000 USD
cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-14928000 USD
cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
335891000 USD
CY2020Q2 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 USD
CY2019Q2 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
659000 USD
cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
-1000 USD
cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
1151000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8141000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
48919000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14929000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
337042000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14782000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14597000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14690000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14782000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15284000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14690000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15268000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
23.01
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
22.08
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
135393000 USD
cmct Preferred Stock And Warrants Offering Costs Issuance Specific Offering Costs
PreferredStockAndWarrantsOfferingCostsIssuanceSpecificOfferingCosts
10877000 USD
cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
6833000 USD
CY2020Q1 cmct Preferred Stock Redemption Price Consecutive Trading Daysof Weighted Average Common Stock Price
PreferredStockRedemptionPriceConsecutiveTradingDaysofWeightedAverageCommonStockPrice
P20D
CY2020Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
52000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
213000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 USD
CY2019Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
81640000 USD
CY2020Q1 cmct Preferred Stock Redemption Price Consecutive Trading Daysof Weighted Average Common Stock Price
PreferredStockRedemptionPriceConsecutiveTradingDaysofWeightedAverageCommonStockPrice
P20D
CY2019Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4380644.70 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2207000 USD
CY2019Q3 cmct Special Dividends Cash
SpecialDividendsCash
613294000 USD
CY2017 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
7 swap
CY2017 cmct Derivative Notional Amountof Terminated Derivatives
DerivativeNotionalAmountofTerminatedDerivatives
215000000 USD
CY2017 cmct Proceeds From Termination Payments Net Of Fees
ProceedsFromTerminationPaymentsNetOfFees
973000 USD
CY2018Q4 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
1 swap
CY2018Q4 cmct Derivative Notional Amountof Terminated Derivatives
DerivativeNotionalAmountofTerminatedDerivatives
50000000 USD
CY2018Q4 cmct Proceeds From Termination Payments Net Of Fees
ProceedsFromTerminationPaymentsNetOfFees
684000 USD
CY2019Q1 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
2 swap
CY2019Q1 cmct Derivative Notional Amountof Terminated Derivatives
DerivativeNotionalAmountofTerminatedDerivatives
120000000 USD
CY2019Q1 cmct Proceeds From Termination Payments Net Of Fees
ProceedsFromTerminationPaymentsNetOfFees
1302000 USD
CY2019Q1 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
2 swap
CY2019Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
0 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
1806000 USD
us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
1580000 USD
cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
2 swap
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
0 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
0 USD
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1806000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1806000 USD
CY2019Q1 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
2 swap
CY2018Q2 cmct Wholesaling Agreement Percent Of Selling Price Fee Per Share
WholesalingAgreementPercentOfSellingPriceFeePerShare
0.0275
CY2020Q2 cmct Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
14026000 USD
CY2020Q2 cmct Tenant Improvements Obligations
TenantImprovementsObligations
4543000 USD
CY2020Q2 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
450000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
23964000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
43578000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
40111000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
35918000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
34575000 USD
CY2020Q2 cmct Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
51393000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
229539000 USD
CY2019Q2 cmct Numberof Statesinwhich Real Estate Propertiesare Owned
NumberofStatesinwhichRealEstatePropertiesareOwned
2 state
CY2019Q2 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2020Q2 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2020Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2019Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
216000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
260000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5197000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7185000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10455000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
16815000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2019Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4911000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-29982000 USD
CY2020Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2800000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
69000000 USD
CY2020Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2019Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
55221000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
432802000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4732000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52848000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6010000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
344789000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-691000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
281000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-713000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
599000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-4041000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
52567000 USD
us-gaap Profit Loss
ProfitLoss
-5297000 USD
us-gaap Profit Loss
ProfitLoss
344190000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-173000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-4043000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
52566000 USD
us-gaap Net Income Loss
NetIncomeLoss
-5303000 USD
us-gaap Net Income Loss
NetIncomeLoss
344363000 USD
CY2020Q2 us-gaap Assets
Assets
726225000 USD
CY2019Q4 us-gaap Assets
Assets
667592000 USD
cmct Capital Expenditures
CapitalExpenditures
7643000 USD
cmct Capital Expenditures
CapitalExpenditures
5520000 USD
cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
27870000 USD
cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
18523000 USD
cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
35513000 USD
cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
24043000 USD
CY2020Q2 cmct Number Of Tenants With Expiring Lease Renewing
NumberOfTenantsWithExpiringLeaseRenewing
2 tenant
CY2020Q1 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.386
CY2020Q1 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
172.05 USD
CY2020Q1 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
66.48 USD
CY2019Q1 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.856
CY2019Q1 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
176.12 USD
CY2019Q1 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
150.84 USD
CY2020Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.125
CY2020Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
124.49 USD
CY2020Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
15.61 USD
CY2019Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.817
CY2019Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
173.08 USD
CY2019Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
141.42 USD
CY2019Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.765
CY2019Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
136.68 USD
CY2019Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
104.61 USD

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