CIM Real Estate Finance Trust, Inc. (CMRF)

CIM Real Estate Finance Trust, Inc. (CMRF) — VMCI valuation read

CIM Real Estate Finance Trust, Inc. sits at VMCI 68/100, with the Real Estate sector median at 50. That 18-point spread is the first thing to note on CMRF: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on CMRF are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on CMRF: CMRF trades at 16.0x earnings, 11% below the Real Estate median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Real Estate median (10.0%). The Risk read: net debt to EBITDA of -0.3x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

CMRF rose 2.4% over the trailing 7 days, with a -10.0% read on a 30-day basis.