Creative Media & Community Trust Corporation is a REIT that owns, operates and develops multifamily and creative office assets in U.S. communities, with one hotel in Northern California. Its news commonly covers quarterly operating results, office leasing trends, multifamily development activity, asset sales, balance-sheet actions and preferred stock dividends or redemptions.
CMCT updates also address capital-structure changes, including reverse stock splits and exchanges of preferred stock into common stock, as well as shareholder voting and governance matters. The company is operated by affiliates of CIM Group, L.P., which provides real estate acquisition, development, leasing, finance and property-management capabilities.
Creative Media & Community Trust (NASDAQ: CMCT) completed a March 2026 redemption converting approximately 1,957,823 Series A, 7,734,130 Series A1 and 21,760 Series D preferred shares into common stock. The redemption is expected to improve FFO by ~$16.0 million per year and return capital structure toward long-term targets. CMCT reported total stockholders' equity of $265.4 million and estimated adjusted undepreciated common book value of $392.0 million (≈ $1.49 per common share) after the redemption.
The company does not currently intend further elective redemptions but will evaluate holder requests on receipt.
Creative Media & Community Trust Corporation (NASDAQ: CMCT) reported Q4 2025 results with a net loss attributable to common stockholders of $(17.7) million and FFO of $(7.1) million (Core FFO $(5.9) million/b).The company sold its lending business for a purchase price of approximately $44.9 million (net cash proceeds ~$31.2 million) and announced a March 2026 Redemption expected to improve FFO by ~$16.0 million per year.
Portfolio highlights: office leased 74.8% (88.5% excluding one Oakland building), multifamily 85.3% occupied, and completed a 36-unit multifamily building in Echo Park.
Creative Media & Community Trust (NASDAQ: CMCT) will release its fourth quarter 2025 earnings on Monday, March 9, 2026 before the market opens and will host a conference call the same day at 5:00 p.m. ET with CEO David Thompson, CFO Brandon Hill, and Portfolio Oversight Steve Altebrando.
Investors can join via webcast from the company website, by phone, and an archived replay will be available for 90 days.
Creative Media & Community Trust (NASDAQ: CMCT) announced it has closed the previously announced sale of its lending division to PG FR Holding, LLC, an affiliate of Peachtree Group on January 22, 2026. The purchase price was approximately $44.9 million (net of outstanding 2023 securitization debt), and the company received approximately $31.2 million in net cash proceeds after other debt, transaction expenses and related matters. The sale is intended to strengthen CMCT's balance sheet and improve liquidity while focusing on its multifamily portfolio.
Creative Media & Community Trust (NASDAQ: CMCT) announced that its Board declared quarterly dividends for Series A, Series A1 and Series D preferred stock for Q4 2025. Dividends are payable on January 15, 2026 to holders of record on January 5, 2026.
- Series A: $0.34375 per share
- Series A1: $0.426875 per share (annualized rate 6.83%)
- Series D: $0.353125 per share
The Series A1 dividend equals the greater of a 6.00% annual rate divided quarterly or the federal funds effective rate plus 2.50%, subject to a 2.50% quarterly cap; the 6.83% figure uses the federal funds rate of 4.33% on the determination date.
Creative Media and Community Trust (NASDAQ: CMCT) announced completion of 1915 Park Ave, a 36-unit, six-story apartment building in Echo Park, Los Angeles, on December 2, 2025. The building sits on a former surface parking lot adjacent to 1910 W. Sunset and is owned by a joint venture between CMCT and an international pension fund.
1915 Park offers studio, one- and two-bedroom floorplans, on-site underground parking, bicycle parking and a rooftop deck with city views. The property is steps from a Metro Line bus stop on Sunset Boulevard and has access to major freeways and nearby amenities including Echo Park Lake and Dodger Stadium. Leasing details are at www.1915park.com.
Creative Media & Community Trust Corporation (NASDAQ: CMCT) reported results for the three months ended September 30, 2025. The company recorded a net loss of $(17.7) million (or $(23.52) per diluted share) and FFO of $(11.1) million (or $(14.75) per diluted share). CMCT executed 80,962 sq ft of office leases (>12 months) and reported an office portfolio 73.6% leased (86.6% excluding one Oakland asset).
Liquidity and balance-sheet moves include a refinanced $81.0M mortgage extended to January 31, 2027, repayment of $6.0M on that mortgage, and a definitive agreement to sell the lending business for approximately $44M (estimated net proceeds ~$31M).
Creative Media & Community Trust (NASDAQ: CMCT) entered into a definitive agreement to sell its lending division to PG FR Holding, an affiliate of Peachtree Group, for an estimated purchase price of approximately $44 million (net of outstanding securitization debt), subject to adjustment through closing.
After payment of other debt, transaction expenses and related matters, CMCT expects net cash proceeds of roughly $31 million. Closing requires U.S. Small Business Administration consent and other customary conditions. The sale supports CMCT’s priorities to grow its multifamily portfolio, strengthen the balance sheet and improve liquidity. At closing, CFO Barry Berlin will resign and be succeeded by Brandon Hill.
Creative Media & Community Trust (NASDAQ: CMCT) will release its third quarter 2025 earnings on Friday, November 14, 2025 before the market opens. A conference call to discuss results is scheduled for 12:00 p.m. Eastern Time the same day.
The call will be hosted by CEO David Thompson, CFO Barry Berlin, and Portfolio Oversight Steve Altebrando. Investors can join via webcast by visiting the company website and registering at least 15 minutes before the call, or by phone at 1-844-763-8274 (domestic) or 1-412-717-9224 (international). An archived replay will be available for 90 days on the investor website.
Creative Media & Community Trust (NASDAQ: CMCT) has declared quarterly preferred stock dividends for Q3 2025, payable on October 15, 2025 to shareholders of record as of October 5, 2025. The company announced the following dividend rates:
- Series A Preferred Stock: $0.34375 per share
- Series A1 Preferred Stock: $0.426875 per share (6.83% annualized rate)
- Series D Preferred Stock: $0.353125 per share
The Series A1 Preferred Stock dividend rate is calculated based on a formula that includes the federal funds rate plus 2.5%, with a maximum quarterly cap of 2.5% of the stated value.