2020 Q4 Form 10-Q Financial Statement

#000090831120000033 Filed on November 09, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $17.83M $17.33M $29.22M
YoY Change -33.08% -40.67% -38.63%
Cost Of Revenue $12.19M $12.75M $17.27M
YoY Change -31.82% -26.17% -34.9%
Gross Profit $5.640M $4.590M $11.95M
YoY Change -35.62% -61.59% -43.31%
Gross Profit Margin 31.63% 26.48% 40.9%
Selling, General & Admin $1.630M $1.740M $1.720M
YoY Change 5.84% 1.16% 40.98%
% of Gross Profit 28.9% 37.91% 14.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.360M $5.270M $5.180M
YoY Change -0.19% 1.74% -61.08%
% of Gross Profit 95.04% 114.81% 43.35%
Operating Expenses $7.310M $7.010M $6.900M
YoY Change 5.79% 1.59% -52.51%
Operating Profit -$1.670M -$2.420M $2.943M
YoY Change -190.27% -182.23% -810.87%
Interest Expense -$2.710M $2.643M $2.403M
YoY Change -14.78% 9.99% -65.5%
% of Operating Profit 81.65%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.380M -$5.348M $2.943M
YoY Change 229.32% -281.72% -810.87%
Income Tax $10.00K -$18.00K $87.00K
% Of Pretax Income 2.96%
Net Earnings -$4.390M -$5.323M $2.848M
YoY Change 185.44% -286.9% -639.39%
Net Earnings / Revenue -24.62% -30.71% 9.75%
Basic Earnings Per Share -$0.60 -$0.65 -$0.11
Diluted Earnings Per Share -$0.60 -$0.65 -$0.11
COMMON SHARES
Basic Shares Outstanding 14.83M shares 14.81M shares 14.60M shares
Diluted Shares Outstanding 14.81M shares 14.60M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.60M $32.10M $14.60M
YoY Change 41.18% 119.86% -84.95%
Cash & Equivalents $33.64M $32.11M $13.29M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.700M $1.600M $5.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $35.30M $33.70M $19.70M
YoY Change 29.3% 71.07% -81.26%
LONG-TERM ASSETS
Property, Plant & Equipment $506.0M $504.3M $506.1M
YoY Change -0.55% -0.36% -52.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $46.00M $45.20M $45.80M
YoY Change -2.13% -1.31% -57.55%
Total Long-Term Assets $650.3M $654.4M $640.2M
YoY Change 1.57% 2.23% -50.25%
TOTAL ASSETS
Total Short-Term Assets $35.30M $33.70M $19.70M
Total Long-Term Assets $650.3M $654.4M $640.2M
Total Assets $685.6M $688.1M $659.9M
YoY Change 2.7% 4.28% -52.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.30M $14.20M $17.00M
YoY Change -16.46% -16.47% -44.98%
Accrued Expenses $200.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.00M $22.30M $23.90M
YoY Change -20.12% -6.69% -42.69%
LONG-TERM LIABILITIES
Long-Term Debt $324.3M $326.5M $227.7M
YoY Change 5.5% 43.39% -65.73%
Other Long-Term Liabilities $10.30M $9.900M $10.40M
YoY Change -8.85% -4.81% -45.26%
Total Long-Term Liabilities $334.6M $336.4M $238.1M
YoY Change 4.99% 41.29% -65.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.00M $22.30M $23.90M
Total Long-Term Liabilities $334.6M $336.4M $238.1M
Total Liabilities $361.7M $358.8M $262.0M
YoY Change 2.58% 36.91% -63.86%
SHAREHOLDERS EQUITY
Retained Earnings -$718.5M
YoY Change 72.89%
Common Stock $15.00K $15.00K $15.00K
YoY Change 0.0% 0.0% -65.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $277.7M $286.3M $360.1M
YoY Change
Total Liabilities & Shareholders Equity $685.6M $688.1M $659.9M
YoY Change 2.7% 4.28% -52.59%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$4.390M -$5.323M $2.848M
YoY Change 185.44% -286.9% -639.39%
Depreciation, Depletion And Amortization $5.360M $5.270M $5.180M
YoY Change -0.19% 1.74% -61.08%
Cash From Operating Activities $5.660M $1.930M $9.680M
YoY Change -32.78% -80.06% -24.9%
INVESTING ACTIVITIES
Capital Expenditures -$7.650M -$3.660M -$3.850M
YoY Change 64.52% -4.94% 84.21%
Acquisitions
YoY Change
Other Investing Activities $1.220M -$4.880M $175.4M
YoY Change -8.96% -102.78% -4419.95%
Cash From Investing Activities -$6.430M -$8.550M $171.5M
YoY Change 94.26% -104.98% -2893.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.430M -37.54M -539.3M
YoY Change -59.7% -93.04% 24754.38%
NET CHANGE
Cash From Operating Activities 5.660M 1.930M 9.680M
Cash From Investing Activities -6.430M -8.550M 171.5M
Cash From Financing Activities 2.430M -37.54M -539.3M
Net Change In Cash 1.660M -44.16M -358.1M
YoY Change -85.1% -87.67% -7919.21%
FREE CASH FLOW
Cash From Operating Activities $5.660M $1.930M $9.680M
Capital Expenditures -$7.650M -$3.660M -$3.850M
Free Cash Flow $13.31M $5.590M $13.53M
YoY Change 1.84% -58.68% -9.68%

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CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-165000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
2848000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
347211000 USD
CY2020Q3 cmct Redeemable Preferred Stock Dividends Accumulated
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4267000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
909507000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
47000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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44000 USD
CY2019Q3 cmct Redeemable Preferred Stock Dividends Accumulated
RedeemablePreferredStockDividendsAccumulated
4470000 USD
cmct Redeemable Preferred Stock Dividends Accumulated
RedeemablePreferredStockDividendsAccumulated
13613000 USD
cmct Redeemable Preferred Stock Dividends Accumulated
RedeemablePreferredStockDividendsAccumulated
12934000 USD
CY2020Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
87000 USD
CY2019Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
300000 USD
us-gaap Redeemable Preferred Stock Dividends
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0 USD
CY2020Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
1000 USD
CY2019Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
67000 USD
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
8000 USD
CY2020Q3 cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-9678000 USD
CY2019Q3 cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-1622000 USD
cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-24606000 USD
cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
334269000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
22.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
22.90
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
21.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
21.24
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14805000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14729000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14805000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14599000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14729000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15825000 shares
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-5330000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
2856000 USD
us-gaap Profit Loss
ProfitLoss
-10627000 USD
us-gaap Profit Loss
ProfitLoss
347046000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-1806000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-5330000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2856000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-10627000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
345240000 USD
CY2019Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
41000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
52567000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
966260000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.375
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
5476000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-165000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5323000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2848000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10626000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
345405000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
278195000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
56000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
1095000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
28000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
145000 USD
CY2020Q1 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
6948000 USD
CY2020Q1 us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
161000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
966260000 USD
CY2019Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
455000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
468000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
113000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
56000 USD
CY2019Q3 cmct Stock Retired During Period Value
StockRetiredDuringPeriodValue
1000 USD
CY2019Q3 cmct Adjustments To Additional Paid In Capital Change In Par Or Stated Value Per Share
AdjustmentsToAdditionalPaidInCapitalChangeInParOrStatedValuePerShare
0 USD
CY2019Q3 cmct Special Dividends Cash
SpecialDividendsCash
613294000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.075
CY2019Q3 us-gaap Dividends Common Stock
DividendsCommonStock
1095000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
252000 USD
CY2019Q3 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
7014000 USD
CY2019Q3 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
3000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
2856000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
360601000 USD
us-gaap Profit Loss
ProfitLoss
-10627000 USD
us-gaap Profit Loss
ProfitLoss
347046000 USD
cmct Deferred Rent And Amortization Of Intangible Assets Liabilities And Lease Inducements
DeferredRentAndAmortizationOfIntangibleAssetsLiabilitiesAndLeaseInducements
-1013000 USD
cmct Deferred Rent And Amortization Of Intangible Assets Liabilities And Lease Inducements
DeferredRentAndAmortizationOfIntangibleAssetsLiabilitiesAndLeaseInducements
-2019000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
15728000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
21995000 USD
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 Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
us-gaap Gain Loss On Discontinuation Of Interest Rate Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfInterestRateCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
-1421000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
209000 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
433104000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
69000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-281000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
859000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
864000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-97000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-150000 USD
cmct Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
844000 USD
cmct Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
1293000 USD
cmct Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
290000 USD
cmct Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
250000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2311000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
73000 USD
cmct Discontinued Operation Deferred Income Tax Expense Benefit
DiscontinuedOperationDeferredIncomeTaxExpenseBenefit
-915000 USD
cmct Discontinued Operation Deferred Income Tax Expense Benefit
DiscontinuedOperationDeferredIncomeTaxExpenseBenefit
-76000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
167000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
138000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
24122000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
20566000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
17159000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
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us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
29716000 USD
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
3600000 USD
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
2477000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-813000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
60000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1604000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1159000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2065000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
598000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3224000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
440000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
1296000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-870000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-7956000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
3710000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-4292000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
13210000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
19946000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7169000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
32563000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
941032000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
24057000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
6855000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
5292000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
5916000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-81000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-354000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
920501000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
48000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
135500000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
61500000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
74000000 USD
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
0 USD
us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
46000000 USD
cmct Payments To Acquire Marketable Securities For Defeasance Of Mortgage Payable
PaymentsToAcquireMarketableSecuritiesForDefeasanceOfMortgagePayable
0 USD
cmct Payments To Acquire Marketable Securities For Defeasance Of Mortgage Payable
PaymentsToAcquireMarketableSecuritiesForDefeasanceOfMortgagePayable
268194000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
5660000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7159000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7625000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
16016000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3600000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2477000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
683000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
497000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
535000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
34000 USD
cmct Paymentof Other Deferred Costs
PaymentofOtherDeferredCosts
205000 USD
cmct Paymentof Other Deferred Costs
PaymentofOtherDeferredCosts
383000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3319000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12045000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
613294000 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
29000 USD
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
295000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
14464000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
17095000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
1681000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
156000 USD
cmct Retirement Of Fractional Shares Of Common Stock
RetirementOfFractionalSharesOfCommonStock
0 USD
cmct Retirement Of Fractional Shares Of Common Stock
RetirementOfFractionalSharesOfCommonStock
1000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
45000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
515000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
455000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30766000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1006191000 USD
cmct Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingDisposalGroupAndDiscontinuedOperations
0 USD
cmct Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingDisposalGroupAndDiscontinuedOperations
755000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6041000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
77171000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41988000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24799000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32111000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13292000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9877000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11507000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41988000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24799000 USD
us-gaap Interest Paid Net
InterestPaidNet
7952000 USD
us-gaap Interest Paid Net
InterestPaidNet
10788000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
273000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
850000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1047000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3275000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
221000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
344000 USD
cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
653000 USD
cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
467000 USD
cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
2715000 USD
cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
1318000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
451000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
249000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Permanent Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockPermanentEquity
4000 USD
cmct Offering Costs Offset Against Redeemable Preferred Stock Permanent Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockPermanentEquity
3000 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
27434000 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
26729000 USD
cmct Loan Costs Incurred During Noncash Or Partial Noncash Transaction
LoanCostsIncurredDuringNoncashOrPartialNoncashTransaction
140000 USD
cmct Loan Costs Incurred During Noncash Or Partial Noncash Transaction
LoanCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
174000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
243000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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
MortgagesPayableDefeased
0 USD
cmct Mortgages Payable Defeased
MortgagesPayableDefeased
245000000 USD
us-gaap Notes Assumed1
NotesAssumed1
0 USD
us-gaap Notes Assumed1
NotesAssumed1
28200000 USD
us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
300000 USD
us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
0 USD
us-gaap Stock Issued1
StockIssued1
2359000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
cmct Preferred Stock Management And Base Service Fee Noncash
PreferredStockManagementAndBaseServiceFeeNoncash
2663000 USD
cmct Preferred Stock Management And Base Service Fee Noncash
PreferredStockManagementAndBaseServiceFeeNoncash
0 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. ORGANIZATION AND OPERATIONS</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="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="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="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="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="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="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="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="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>
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2020Q3 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
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Fiscal Period
FiscalPeriod
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Interim Financial Information</span><span style="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 nine months ended September 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>
CY2020Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
69000000 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
12382000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
15389000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
38294000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
66925000 USD
CY2020Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
515000 USD
CY2019Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1917000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3122000 USD
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
6381000 USD
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
12897000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
17306000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
41416000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
73306000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1525000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7734000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10153000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
27087000 USD
CY2019Q3 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 USD
CY2020Q3 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
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 USD
CY2020Q3 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
7540000 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
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-15000 USD
CY2019Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
140000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
84000 USD
CY2019Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0 USD
CY2020Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0 USD
CY2020Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
20734000 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
19988000 USD
CY2020Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7987000 USD
CY2020Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
8162000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
9443000 USD
CY2020Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
5892000 USD
CY2019Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
5275000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7438000 USD
CY2020Q3 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
542000 USD
CY2019Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
151000 USD
CY2020Q3 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
35330000 USD
CY2019Q4 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
34857000 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
Reclassifications—Certain prior period amounts have been reclassified to conform with the current period presentation.
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="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>
CY2020Q3 us-gaap Land
Land
134421000 USD
CY2019Q4 us-gaap Land
Land
134421000 USD
CY2020Q3 us-gaap Land Improvements
LandImprovements
2603000 USD
CY2019Q4 us-gaap Land Improvements
LandImprovements
2713000 USD
CY2020Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
450199000 USD
CY2019Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
438349000 USD
CY2020Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
4682000 USD
CY2019Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
4628000 USD
CY2020Q3 us-gaap Tenant Improvements
TenantImprovements
33562000 USD
CY2019Q4 us-gaap Tenant Improvements
TenantImprovements
35667000 USD
CY2020Q3 us-gaap Development In Process
DevelopmentInProcess
8578000 USD
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
13484000 USD
CY2020Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
634045000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
629262000 USD
CY2020Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
129704000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
120555000 USD
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
504341000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
508707000 USD
CY2020Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
4366000 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
4156000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
12960000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
17908000 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 property
cmct Number Of Business Disposed
NumberOfBusinessDisposed
0 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 property
cmct Percentage Of Ownership Sold
PercentageOfOwnershipSold
1
CY2019Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
69000000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
113000 USD
CY2020Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
89314000 USD
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
67532000 USD
CY2020Q3 cmct Financing Receivables Deferred Capitalized Costs
FinancingReceivablesDeferredCapitalizedCosts
832000 USD
CY2019Q4 cmct Financing Receivables Deferred Capitalized Costs
FinancingReceivablesDeferredCapitalizedCosts
1145000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
832000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
598000 USD
CY2020Q3 us-gaap Notes Receivable Net
NotesReceivableNet
89314000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
68079000 USD
CY2020Q3 cmct Financing Receivable Percent Current
FinancingReceivablePercentCurrent
1.000
CY2019Q4 cmct Financing Receivable Percent Current
FinancingReceivablePercentCurrent
0.996
CY2020Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
2368000 USD
CY2020Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
1638000 USD
CY2020Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
730000 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
CY2020Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
150000 USD
CY2019Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
376000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
552000 USD
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1310000 USD
CY2020Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
326546000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
307421000 USD
CY2020Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
3466000 USD
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
4535000 USD
CY2020Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
890000 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
CY2019Q1 cmct Derivative Numberof Instruments Terminated
DerivativeNumberofInstrumentsTerminated
2 swap
CY2020Q3 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
576000 USD
CY2019Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
650000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
557000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8977000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
176282000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1586000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1180000 USD
CY2020Q3 cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-9678000 USD
CY2020Q3 cmct Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
141779000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
330361000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14805000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14729000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
CY2019Q3 cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-1622000 USD
cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
-24606000 USD
cmct Net Income Loss Available To Common Stockholders Including Accumulated Preferred Stock Dividends Basic
NetIncomeLossAvailableToCommonStockholdersIncludingAccumulatedPreferredStockDividendsBasic
334269000 USD
CY2020Q3 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 USD
CY2019Q3 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 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
1917000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-9678000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1622000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-24607000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
336186000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14805000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14729000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14598000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14805000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14599000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14729000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15825000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
22.90
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
22.90
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
21.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
21.24
us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
147864000 USD
cmct Preferred Stock And Warrants Offering Costs Issuance Specific Offering Costs
PreferredStockAndWarrantsOfferingCostsIssuanceSpecificOfferingCosts
12043000 USD
cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
7063000 USD
CY2020Q1 cmct Preferred Stock Redemption Price Consecutive Trading Daysof Weighted Average Common Stock Price
PreferredStockRedemptionPriceConsecutiveTradingDaysofWeightedAverageCommonStockPrice
P20D
CY2020Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
87000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
300000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 USD
CY2019Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
92387000 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
4380645 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3319274 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
CY2019Q3 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
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
0 USD
CY2019Q3 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
CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2019Q3 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
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2019Q3 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
CY2018Q2 cmct Wholesaling Agreement Percent Of Selling Price Fee Per Share
WholesalingAgreementPercentOfSellingPriceFeePerShare
0.0275
CY2020Q3 cmct Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
5864000 USD
CY2020Q3 cmct Tenant Improvements Obligations
TenantImprovementsObligations
4375000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
11516000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
43300000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
39870000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
35701000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
34309000 USD
CY2020Q3 cmct Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
51433000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
216129000 USD
CY2019Q3 cmct Numberof Statesinwhich Real Estate Propertiesare Owned
NumberofStatesinwhichRealEstatePropertiesareOwned
2 state
cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2019Q3 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2020Q3 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2020Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2019Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
340000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
600000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5273000 USD
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5180000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
15728000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
21995000 USD
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-281000 USD
CY2019Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-281000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-29982000 USD
CY2020Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2019Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
69000000 USD
CY2020Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2019Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
302000 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
433104000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5348000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2943000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11358000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
347732000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
87000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-731000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
686000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-5330000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
2856000 USD
us-gaap Profit Loss
ProfitLoss
-10627000 USD
us-gaap Profit Loss
ProfitLoss
347046000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-7000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
2848000 USD
us-gaap Net Income Loss
NetIncomeLoss
-10626000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-165000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-5323000 USD
us-gaap Net Income Loss
NetIncomeLoss
347211000 USD
CY2020Q3 us-gaap Assets
Assets
688113000 USD
CY2019Q4 us-gaap Assets
Assets
667592000 USD
cmct Capital Expenditures
CapitalExpenditures
8594000 USD
cmct Capital Expenditures
CapitalExpenditures
11346000 USD
cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
48179000 USD
cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
27421000 USD
cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
56773000 USD
cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
38767000 USD
CY2020Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.125
CY2019Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.817
CY2020Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.241
CY2019Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.772
CY2019Q4 cmct Revenue From Contract With Customer Excluding Assessed Tax Hotel Occupancy Rate
RevenueFromContractWithCustomerExcludingAssessedTaxHotelOccupancyRate
0.863
CY2020Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
124.49 USD
CY2019Q2 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
173.08 USD
CY2020Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
120.97 USD
CY2019Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
148.06 USD
CY2019Q4 cmct Revenue From Contract With Customer Excluding Assessed Tax Average Daily Rate
RevenueFromContractWithCustomerExcludingAssessedTaxAverageDailyRate
162.39 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 Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
141.42 USD
CY2020Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
29.16 USD
CY2019Q3 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
114.33 USD
CY2019Q4 cmct Revenue From Contract With Customer Excluding Assessed Tax Revenue Per Available Room
RevenueFromContractWithCustomerExcludingAssessedTaxRevenuePerAvailableRoom
140.07 USD

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