2014 Q2 Form 10-Q Financial Statement

#000104746914004843 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $71.46M $64.12M $58.31M
YoY Change 19.42% 9.97% 1438.47%
Cost Of Revenue $36.78M $35.32M $30.13M
YoY Change 19.96% 17.23%
Gross Profit $28.41M $27.27M $28.18M
YoY Change -2.64% -3.23%
Gross Profit Margin 39.76% 42.53% 48.33%
Selling, General & Admin $2.390M $1.240M $540.0K
YoY Change 13.27% 129.63% -81.57%
% of Gross Profit 8.41% 4.55% 1.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.29M $16.63M $17.14M
YoY Change -1.37% -2.98%
% of Gross Profit 60.86% 60.98% 60.82%
Operating Expenses $19.67M $17.88M $17.68M
YoY Change 504.12% 1.13% 503.41%
Operating Profit $8.740M $9.390M $10.50M
YoY Change -66.29% -10.57%
Interest Expense $4.939M $4.217M $4.677M
YoY Change 4.53% -9.84% -631.48%
% of Operating Profit 56.51% 44.91% 44.54%
Other Income/Expense, Net
YoY Change
Pretax Income $8.814M $11.23M $5.822M
YoY Change 83.32% 92.8% -19506.67%
Income Tax $300.0K $8.000K $0.00
% Of Pretax Income 3.4% 0.07% 0.0%
Net Earnings $8.399M $11.22M $5.826M
YoY Change 78.89% 92.57% -3741.25%
Net Earnings / Revenue 11.75% 17.5% 9.99%
Basic Earnings Per Share $0.09 $0.02 $0.01
Diluted Earnings Per Share $0.09 $0.02 $0.01
COMMON SHARES
Basic Shares Outstanding 97.57M shares 10.60M shares 10.59M shares
Diluted Shares Outstanding 97.58M shares 479.7M shares 477.2M shares

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00M $24.10M $8.100M
YoY Change 227.87% 197.53% 145.45%
Cash & Equivalents $20.03M $24.11M $28.33M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $10.00M $10.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $30.00M $34.10M $8.100M
YoY Change 391.8% 320.99% 145.45%
LONG-TERM ASSETS
Property, Plant & Equipment $1.712B $1.675B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $242.1M
YoY Change 2.15%
Other Assets $97.30M $94.60M $2.900M
YoY Change 3255.17% 3162.07%
Total Long-Term Assets $2.043B $2.017B $248.4M
YoY Change 742.09% 712.05% 1.8%
TOTAL ASSETS
Total Short-Term Assets $30.00M $34.10M $8.100M
Total Long-Term Assets $2.043B $2.017B $248.4M
Total Assets $2.073B $2.051B $256.5M
YoY Change 733.5% 699.7% 3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.00M $27.20M $3.900M
YoY Change 800.0% 597.44% 77.27%
Accrued Expenses
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 $35.90M $34.90M $5.200M
YoY Change 734.88% 571.15% 33.33%
LONG-TERM LIABILITIES
Long-Term Debt $601.3M $569.7M $106.5M
YoY Change 485.49% 434.93% 12.46%
Other Long-Term Liabilities $36.60M $33.40M $6.400M
YoY Change 889.19% 421.88% 72.97%
Total Long-Term Liabilities $637.9M $603.1M $112.9M
YoY Change 499.53% 434.19% 14.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.90M $34.90M $5.200M
Total Long-Term Liabilities $637.9M $603.1M $112.9M
Total Liabilities $673.8M $638.0M $118.1M
YoY Change 513.31% 440.22% 15.44%
SHAREHOLDERS EQUITY
Retained Earnings -$422.7M -$407.8M
YoY Change
Common Stock $98.00K $331.0K
YoY Change -99.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.901M $4.901M
YoY Change 0.0%
Treasury Stock Shares 107.3K shares 536.3K shares
Shareholders Equity $1.396B $1.411B $138.4M
YoY Change
Total Liabilities & Shareholders Equity $2.073B $2.051B $256.5M
YoY Change 733.5% 699.7% 3.72%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $8.399M $11.22M $5.826M
YoY Change 78.89% 92.57% -3741.25%
Depreciation, Depletion And Amortization $17.29M $16.63M $17.14M
YoY Change -1.37% -2.98%
Cash From Operating Activities $24.64M $12.03M $13.09M
YoY Change 28.6% -8.1% -522.26%
INVESTING ACTIVITIES
Capital Expenditures -$50.61M -$7.230M -$5.080M
YoY Change 703.33% 42.32% 50700.0%
Acquisitions
YoY Change
Other Investing Activities $13.63M -$22.00K $990.0K
YoY Change -2410.17% -102.22% -75.62%
Cash From Investing Activities -$36.98M -$1.140M -$4.090M
YoY Change 435.94% -72.13% -200.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.260M -3.580M -12.18M
YoY Change -213.93% -70.61% 190.0%
NET CHANGE
Cash From Operating Activities 24.64M 12.03M 13.09M
Cash From Investing Activities -36.98M -1.140M -4.090M
Cash From Financing Activities 8.260M -3.580M -12.18M
Net Change In Cash -4.080M 7.310M -3.180M
YoY Change -181.44% -329.87% -2.15%
FREE CASH FLOW
Cash From Operating Activities $24.64M $12.03M $13.09M
Capital Expenditures -$50.61M -$7.230M -$5.080M
Free Cash Flow $75.25M $19.26M $18.17M
YoY Change 195.56% 6.0% -688.03%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EntityRegistrantName
CIM Commercial Trust corporation
CY2014Q1 dei Entity Central Index Key
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CY2014Q1 dei Amendment Flag
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CY2014Q1 dei Document Period End Date
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2014-03-31
CY2014Q1 dei Current Fiscal Year End Date
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--12-31
CY2014Q1 dei Entity Current Reporting Status
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CY2014Q1 dei Entity Filer Category
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>1. ORGANIZATION AND OPERATIONS</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CIM Commercial Trust Corporation ("CIM Commercial") or together with its wholly-owned subsidiaries, "we," "us" or "our," invests in substantially stabilized real estate assets located in high-population density, high-barrier-to-entry urban markets, which include traditional downtown areas and urban main streets that lie within the metropolitan areas of the United States of America. We also obtain income from the yield and other related fee income earned on our investments from our lending activities, which have principally been to companies in the hospitality industry. We were originally organized in 1993 as PMC Commercial Trust ("PMC Commercial"), a Texas real estate investment trust.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On April&#160;28, 2014, PMC Commercial's charter was amended to increase the authorized common shares of beneficial interest of PMC Commercial from 100,000,000 to 1,000,000,000 shares and PMC Commercial changed its state of incorporation (the "Reincorporation") from Texas to Maryland by means of a merger of PMC Commercial with and into a newly formed, wholly-owned subsidiary Maryland corporation. In addition, we changed our name to CIM Commercial Trust Corporation on April&#160;29, 2014. Our common stock ("Common Stock") is currently traded on the NASDAQ Global Market (symbol "CMCT") (see Note 17).</font></p> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><b>&#160;Interim Financial Information</b></font><font size="2">&#8212;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 ("U.S.&#160;GAAP"). Certain information and note disclosures required for annual financial statements have been condensed or excluded pursuant to Securities and Exchange Commission ("SEC") rules and regulations. Accordingly, the interim consolidated financial statements do not include all of the information and notes required by U.S.&#160;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 months ended March&#160;31, 2014 are not necessarily indicative of the results that may be expected for the year ending December&#160;31, 2014. Our accompanying interim consolidated financial statements should be read in conjunction with CIM Urban's audited consolidated financial statements and the notes thereto, included in our Current Report on Form 8-K/A dated May&#160;9, 2014.</font> </div>
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><b>Use of Estimates</b></font><font size="2">&#8212;The preparation of consolidated financial statements in conformity with U.S.&#160;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. Actual results could differ from those estimates.</font> </div>
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3946000 USD
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AccumulatedAmortizationDeferredFinanceCosts
3620000 USD
CY2014Q1 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
58550000 USD
CY2013Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
55826000 USD
CY2014Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
21595000 USD
CY2013Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
19891000 USD
CY2014Q1 cmct Common Stock As Converted Dividends Per Share Declared
CommonStockAsConvertedDividendsPerShareDeclared
0.0057
CY2014Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
164604000 USD
CY2014Q1 cmct Financing Receivable Recorded Investment29 To59 Days Past Due
FinancingReceivableRecordedInvestment29To59DaysPastDue
895000 USD
CY2014Q1 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
1134000 USD
CY2014Q1 cmct Financing Receivable Recorded Investment Percentage Current
FinancingReceivableRecordedInvestmentPercentageCurrent
0.988 pure
CY2014Q1 cmct Financing Receivable Recorded Investment Percentage29 To59 Days Past Due
FinancingReceivableRecordedInvestmentPercentage29To59DaysPastDue
0.005 pure
CY2014Q1 cmct Financing Receivable Recorded Investment Percentage Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentPercentageEqualToGreaterThan90DaysPastDue
0.007 pure
CY2014Q1 cmct Mortgage Loans On Real Estate Excluding Government Guaranteed Loans Percentage
MortgageLoansOnRealEstateExcludingGovernmentGuaranteedLoansPercentage
1.000 pure
CY2014Q1 cmct Number Of Categories Of Specific Identification Loans
NumberOfCategoriesOfSpecificIdentificationLoans
3 item
CY2014Q1 cmct Loans Receivable Commercial Real Estate Excluding Government Guaranteed Loans
LoansReceivableCommercialRealEstateExcludingGovernmentGuaranteedLoans
166633000 USD
CY2013Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
395105000 USD
CY2014Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
569743000 USD
CY2014Q1 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
1167000 USD
CY2013Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
1017000 USD
CY2014Q1 cmct Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
40200000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
491000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
512000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
503000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
503000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
503000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
129031000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
131543000 USD
CY2014Q1 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
9962000 USD
CY2013Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
9303000 USD
CY2014Q1 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
89060000 USD
CY2014Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
23951000 USD
CY2014Q1 us-gaap Other Assets
OtherAssets
17005000 USD
CY2014Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
7703000 USD
CY2014Q1 us-gaap Other Liabilities
OtherLiabilities
25208000 USD
CY2014Q1 us-gaap Liabilities
Liabilities
637997000 USD
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
331000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
220000 USD
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
650000 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
650000 USD
CY2014Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1822221000 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1772821000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-407780000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-399953000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
4901000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
1410521000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1373738000 USD
CY2014Q1 us-gaap Minority Interest
MinorityInterest
2710000 USD
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33132552 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22000003 shares
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
65028571 shares
CY2014Q1 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1593000 USD
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
65028571 shares
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
536329 shares
CY2014Q1 us-gaap Tenant Reimbursements
TenantReimbursements
2351000 USD
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1179000 USD
CY2014Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16629000 USD
CY2014Q1 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
4918000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
11217000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
5822000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11219000 USD
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5826000 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5544000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6672000 USD
CY2014Q1 cmct Stockholders Equity Including Portion Attributable To Noncontrolling Interest Before Treasury Stock
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeTreasuryStock
1415422000 USD
CY2013Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
477200000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
477200000 shares
CY2014Q1 cmct Operating Lease And Other Property Revenue
OperatingLeaseAndOtherPropertyRevenue
59822000 USD
CY2014Q1 cmct Interest And Other Operating Income
InterestAndOtherOperatingIncome
1950000 USD
CY2014Q1 cmct Direct Costs Of Leased Rented And Other Property Operating
DirectCostsOfLeasedRentedAndOtherPropertyOperating
29586000 USD
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1451858000 USD
CY2013Q1 cmct Capital Distribution
CapitalDistribution
20037000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1413231000 USD
CY2014Q1 cmct Capital Distribution
CapitalDistribution
16133000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
44610000 USD
CY2014Q1 us-gaap Dividends Common Stock
DividendsCommonStock
-325000 USD
CY2014Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2621000 USD
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2014Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.0403
CY2013Q1 cmct Amortization Of Tax Abatement
AmortizationOfTaxAbatement
138000 USD
CY2014Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
118000 USD
CY2014Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
17000 USD
CY2014Q1 cmct Amortization And Accretion On Note Receivable Net
AmortizationAndAccretionOnNoteReceivableNet
313000 USD
CY2014Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
9000 USD
CY2014Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
22000 USD
CY2013Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2676000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2269000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5894000 USD
CY2014Q1 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2724000 USD
CY2014Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
896000 USD
CY2014Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
7225000 USD
CY2014Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1128000 USD
CY2014Q1 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
1603000 USD
CY2014Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
76700000 USD
CY2013Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
10000000 USD
CY2014Q1 us-gaap Interest Paid
InterestPaid
4742000 USD
CY2014Q1 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
225000 USD
CY2014Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3018000 USD
CY2014Q1 cmct Payments Of Ordinary Dividends Assumed In Acquisition
PaymentsOfOrdinaryDividendsAssumedInAcquisition
59286000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16100000 USD
CY2014Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
33000 USD
CY2014Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
55000 USD
CY2014Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
16000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
98500 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.79
CY2014Q1 cmct Common Stock As Converted Dividends Per Share Declared
CommonStockAsConvertedDividendsPerShareDeclared
0.0337
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2014Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.0403
CY2014Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1964000 USD
CY2014Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.0302
CY2013Q4 cmct Stockholders Equity Including Portion Attributable To Noncontrolling Interest Before Treasury Stock
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeTreasuryStock
1373738000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16100000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
168729000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
90637000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
105576000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5908000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
25611000 USD
CY2014Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
169940000 USD
CY2014Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
566401000 USD
CY2014Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
8152000 USD
CY2013Q1 cmct Amortization Of Above And Below Market Rent
AmortizationOfAboveAndBelowMarketRent
-596000 USD
CY2014Q1 cmct Amortization Of Above And Below Market Rent
AmortizationOfAboveAndBelowMarketRent
-311000 USD
CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><b>Reclassification</b></font><font size="2">&#8212;Certain prior-period amounts have been reclassified to conform with the current-period presentation. For the three months ended March&#160;31, 2013, hotel revenues of $9,577,000 have been reclassified to rental and other property income, other income of $374,000 has been reclassified to interest and other income, and hotel operating expenses of $6,439,000 have been reclassified to rental and other property operating expenses.</font> </div>
CY2013Q1 cmct Related Party Asset Management Fees And Other Fees
RelatedPartyAssetManagementFeesAndOtherFees
5409000 USD
CY2014Q1 cmct Related Party Asset Management Fees And Other Fees
RelatedPartyAssetManagementFeesAndOtherFees
5737000 USD

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