DALLAS (AP) _ CIM Commercial Trust Corp. (CMCT) on Thursday reported second-quarter net income of $52.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had profit of $1.07. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The real estate investment trust posted revenue of $36.9 million in the period.
CIM Commercial Trust shares have climbed 32% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.05, a climb of 31% in the last 12 months.