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CIM Commercial Trust: 1Q Earnings Snapshot

DALLAS (AP) _ CIM Commercial Trust Corp. (CMCT) on Monday reported first-quarter net income of $291.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had net income of $6.30. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The real estate investment trust posted revenue of $47.3 million in the period.

CIM Commercial Trust shares have risen 27% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.35, an increase of 28% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCT at https://www.zacks.com/ap/CMCT