CIM Real Estate Finance Trust, Inc. (CMRF): fair value, margin of safety and Wheel Score

Is CMRF undervalued?

CIM Real Estate Finance Trust, Inc. (CMRF) closed at 2.35 on 5 Nov 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 3.47, which puts the price 32% below it. 5 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.

The 9 models disagree widely: Payback Time gives 1.40 while Graham Growth gives 9.55. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.

Ranked against every other company we cover, CMRF is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 54, growth score 27, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).

Nine valuation models for CMRF

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Financial health is weak: CMRF passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 3.5 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.

Returns on capital are thin or negative - ROIC 1.1%, ROE 3.0%, ROA 1.0% - with debt at 1.77 times equity and a free-cash-flow yield of 2.3%.

The dividend yield is high at 13.04% (payout ratio 373%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Asset Management 100% (quarter Q2 FY2026).

Institutional ownership scores 5/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 29: No options

CMRF has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (29 here). The valuation and quality numbers still apply to owning the shares outright.

Volume runs at 11k shares a day on a market cap of $1.0B, with a beta of -1909.81 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for CMRF in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in REIT - Diversified

The 12 companies below are the closest to CIM Real Estate Finance Trust, Inc. by market cap within the REIT - Diversified industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare CMRF with 7 of them   All Real Estate stocks →