| Metric | Details |
|---|---|
| Company | Cinemark Holdings, Inc. (NYSE: CNK), Plano, Texas |
| S&P / Moody’s | BB- / Ba3 |
| Investment grade status | Below Investment Grade |
| Theaters | 301 U.S. theaters with 4,219 screens and 194 Latin American theaters with 1,401 screens (June 30, 2026, Form 10‑Q) |
| Median asking cap rate | See the live table below |
Cinemark is not investment grade. Cinemark Holdings, Inc. carries issuer ratings of BB- from S&P Global Ratings, Ba3 from Moody’s and BB- from Fitch Ratings: all below the BBB-/Baa3 investment grade threshold. Ratings checked September 27, 2026. See the investment grade credit tenant ratings table.
Cinemark Business Overview
Cinemark describes itself as a leader and one of the most geographically diverse operators in the theatrical exhibition industry. As of June 30, 2026, it operated 301 theaters with 4,219 screens in the United States and 194 theaters with 1,401 screens across 13 Latin American countries (Form 10‑Q).
Cinemark Credit Profile
Cinemark Holdings, Inc. is rated BB-/Ba3 in our database, which classifies it as not investment grade. As a public company, it files audited financial statements with the SEC.
Cinemark Holdings, Inc. operates through subsidiaries, including Cinemark USA, Inc. (Form 10-Q), so a theater lease may be signed by a subsidiary rather than the rated parent. Confirm the tenant entity and whether a parent guarantees the lease.
Ratings come from our tenant ratings database, which records the source for each rating. A rating at or above BBB‑/Baa3 is investment grade; see the investment grade guide.
Source: S&P Global Ratings BB-, as of January 15, 2024; Moody’s Ba3, as of September 25, 2026; Fitch Ratings BB-, as of February 19, 2026. Ratings checked September 27, 2026.
Cinemark NNN Cap Rates
Live asking cap rates for Cinemark and comparable tenants:
The listings we track often include too few theater properties to show a median for a single circuit. Theater pricing depends heavily on the lease, the rent compared with what the site could earn in another use, and the land and parking available for redevelopment.
What to Check in a Cinemark Lease
- Tenant and guarantor: which operating entity signs the lease and whether a parent guarantees it.
- Lease history: rent deferrals, reductions or amendments made since 2020, and any lease rejected or renegotiated in a bankruptcy.
- Rent structure: base rent, any percentage rent tied to ticket or concession sales, and how rent compares with market.
- Re-use and redevelopment: theaters with stadium seating and large auditoriums can be costly to convert; value often depends on the land and parking for redevelopment.
- Co-tenancy: in shopping centers, the theater’s effect on the center and any co-tenancy provisions.
Pros and Cons
| Strengths | Considerations |
|---|---|
| Rated above AMC and Regal in our ratings database (October 2026) | Below Investment Grade in our ratings database |
| Public company with audited financial statements | Attendance depends on film releases and competes with streaming |
| Large sites with parking can have redevelopment value | Specialized buildings can be costly to convert |
Comparing Cinemark With Other Replacement Properties
For a 1031 buyer, compare a theater property with stronger-credit options, such as investment grade NNN tenants for 1031 exchanges, and test whether any higher yield compensates for the credit, the cost of re-leasing a specialized building and the redevelopment value of the site. Current market benchmarks are in the NNN cap rate guide.
Frequently Asked Questions
Is Cinemark investment grade?
No. Cinemark Holdings, Inc. is rated BB-/Ba3 in our ratings database, which classifies it as not investment grade.
How many theaters does Cinemark operate?
As of June 30, 2026, Cinemark operated 301 U.S. theaters with 4,219 screens and 194 theaters with 1,401 screens in Latin America, according to its Form 10‑Q.
What asking cap rates are Cinemark properties listed at?
The listings we track often include too few Cinemark properties to show a median. The live table on this page shows a median when at least three listings with a published cap rate are available.
Sources: Cinemark Holdings, Inc. Form 10‑K for 2025 and Form 10‑Q for the quarter ended June 30, 2026; ratings from InvestmentGrade.com’s ratings database.
Cinemark Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Cinemark properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
Cinemark NNN Properties Observed For Sale
1 active Cinemark net lease listing observed across public listing sources, most recently Oct 9, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Tracy, CA | $9,500,000 | 8.06% | n/a | 4.4 yrs | View listing |
Search all 1 observed Cinemark listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
