Welcome to our dedicated page for Creative Media & news (Ticker: CMCT), a resource for investors and traders seeking the latest updates and insights on Creative Media & stock.
Creative Media & Community Trust Corp (CMCT) is a real estate investment trust focused on Class A office properties, hotel operations, and community-focused urban development. This page serves as the definitive source for CMCT news, offering investors and stakeholders timely updates on corporate developments and strategic initiatives.
Access official press releases, earnings reports, and analysis of CMCT's activities in commercial real estate and lending markets. Track the company's progress in revitalizing urban communities through its diversified portfolio of high-value assets and financial services operations.
Key updates include announcements on property acquisitions, leasing milestones, hospitality expansions, and community partnership programs. Our curated news collection provides transparency into CMCT's operational performance and market positioning within the competitive REIT sector.
Bookmark this page for direct access to verified CMCT updates, ensuring you stay informed about financial results, leadership changes, and growth strategies. Regularly updated with the latest developments impacting CMCT's stakeholders and urban communities nationwide.
Creative Media & Community Trust (CMCT) reported its Q1 2024 results, highlighting a net loss of $12.3 million or $0.54 per diluted share. The company executed 36,961 sq. ft. of office leases and had an 83.7% lease rate in its same-store office portfolio. FFO was reported at $(5.9) million or $(0.26) per diluted share, while Core FFO was $(4.4) million or $(0.19) per diluted share. CMCT's portfolio includes 27 assets across office, multifamily, hotel properties, and development sites. Key financial metrics show improved office NOI, driven by higher rental revenues in Beverly Hills and Los Angeles, but the company faces challenges from elevated short-term interest rates.
Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT) will release its first quarter 2024 earnings results after the market closes on May 15, 2024. A conference call to discuss the results is scheduled for May 16, 2024, at 12:00 p.m. Eastern Time. The call will be hosted by CEO David Thompson, CFO Barry Berlin, and Portfolio Oversight Steve Altebrando. Interested parties can listen via webcast by visiting the investors' section of the company's website or via phone. An archived replay will be available for 90 days on the same website.
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