Creative Media & Stock Price, News & Analysis

Creative Media & Community Trust (NASDAQ: CMCT) reported Q2 2025 financial results, showing a net loss of $(14.3) million, or $(18.94) per diluted share. The company's same-store office portfolio was 70.1% leased, with 47,859 square feet of new leases executed during Q2. Key developments include closing a $35.5 million variable-rate mortgage in Austin and securing a $20.0 million revolving credit facility backed by SBA 7(a) loans.

The company's real estate portfolio comprises 27 assets, including 12 office properties, 4 multifamily properties, 9 development sites, and one 505-room hotel. Segment performance showed mixed results with hotel NOI increasing 5.5% in H1 2025, while office and multifamily segments experienced declines. The company continues its strategic shift toward premier multifamily assets and balance sheet strengthening.

Creative Media & Community Trust (NASDAQ: CMCT) has scheduled its second quarter 2025 earnings release for Wednesday, August 13, 2025, before market open. The company will host a conference call at 12:00 p.m. Eastern Time on the same day.

The earnings call will feature CEO David Thompson, CFO Barry Berlin, and Portfolio Oversight Steve Altebrando. Investors can join via webcast at creativemediacommunity.com under the "Investors" tab or by phone at 1-844-763-8274 (Domestic) or 1-412-717-9224 (International). A replay will be available for 90 days on the company's website.

Creative Media and Community Trust (NASDAQ: CMCT) has secured a significant lease agreement with Boston Scientific Corporation (NYSE: BSX) at its Penn Field Campus in Austin, Texas. The approximately 11-year lease covers a 30,821-square-foot building, bringing the property's occupancy to 93%.

The Penn Field Campus, spanning 228,000 square feet across 16 acres in Austin's "SoCo" Business District, is a historic property originally developed in 1918 as a U.S. Army air base. The property has been transformed into a modern office campus while maintaining its historical character, featuring landscaped grounds and diverse tenants from technology, media, and entertainment sectors.

Creative Media & Community Trust (NASDAQ: CMCT) has declared preferred stock dividends for Q2 2025. The company will distribute dividends for its Series A, Series A1, and Series D Preferred Stock on July 15, 2025 to shareholders of record as of July 5, 2025.

The quarterly dividend amounts are: $0.34375 per share for Series A, $0.426875 per share for Series A1 (representing an annualized rate of 6.83%), and $0.353125 per share for Series D Preferred Stock.

Creative Media & Community Trust Corporation (NASDAQ: CMCT) reported its Q1 2025 financial results, marked by a net loss of $11.9 million ($20.73 per diluted share). The company's same-store office portfolio was 71.4% leased, with 30,333 square feet of new leases executed. Key financial metrics include FFO of $(5.4) million and Core FFO of $(5.1) million. CMCT secured new financing, including a $5.0 million mortgage loan in Los Angeles and a $35.5 million variable-rate mortgage in Austin, using proceeds to repay the 2022 Credit Facility. The company's hotel segment showed improvement with a 15% increase in NOI, while the multifamily segment faced challenges with occupancy declining to 80.2%. CMCT continues to focus on transitioning towards premier multifamily assets and strengthening its balance sheet.

Creative Media & Community Trust (NASDAQ: CMCT) has scheduled its first quarter 2025 earnings release for Friday, May 9, 2025, before market opening. The company will host a conference call at 12:00 p.m. Eastern Time on the same day to discuss financial results and business updates.

The call will feature CEO David Thompson, CFO Barry Berlin, and Portfolio Oversight Steve Altebrando. Participants can join via webcast at www.creativemediacommunity.com under the "Investors" tab, or by phone at 1-844-763-8274 (Domestic) or 1-412-717-9224 (International). A replay will be available for 90 days on the company's website.

Creative Media & Community Trust (NASDAQ: CMCT) has announced a significant 1-for-25 reverse stock split of its common stock, scheduled to take effect on April 15, 2025 at 12:01 a.m. Eastern Time. The company's stock will continue trading on the Nasdaq Global Market under the symbol 'CMCT' but with a new CUSIP number (12564W102).

Stockholders will receive one share for every twenty-five shares held, with cash payments provided for fractional shares based on the closing price on April 15, 2025. No action is required from stockholders holding shares in book-entry form or through intermediaries. Trading on the Tel Aviv Stock Exchange will be temporarily suspended on April 15, 2025, to accommodate necessary adjustments.

Creative Media & Community Trust (NASDAQ: CMCT) has successfully completed the full repayment and retirement of its recourse credit facility, following the closure of a mortgage on Penn Field, a 16-acre creative office campus in Austin, Texas. This achievement is part of the company's September 2024 strategic plan to focus on premier multifamily properties and strengthen its balance sheet.

The company has executed four non-recourse financings since announcing its refinancing plan:

• Sheraton Grand Hotel (Sacramento): $88.8M floating rate debt
• Wilshire Portfolio (Beverly Hills/Brentwood): $105.0M fixed rate debt
• 8944 Lindblade (Culver City): $4.6M floating rate debt
• 3601 South Congress/Penn Field (Austin): $35.5M floating rate debt

These financings were used to pay off the $169.3 million balance on its recourse credit facility and provided additional reserves for office leasing and hotel renovation funding.

Creative Media & Community Trust (NASDAQ: CMCT) has announced quarterly preferred stock dividend declarations for Q1 2025. The dividends will be paid on April 15, 2025 to stockholders of record as of April 5, 2025.

The quarterly cash dividend of $0.4425 per share represents an annualized dividend rate of 7.08%, calculated as 2.5% plus the federal funds rate of 4.58%. For Series A1 Preferred Stock, cumulative cash dividends are set at the greater of 6.00% of the Series A1 Stated Value (divided by four) or the Federal Funds Rate plus 2.50%, with a maximum quarterly cap of 2.50% of the Series A1 Stated Value.