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 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.
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CMCT (NASDAQ: CMCT) has announced dividends for its Series A, Series A1, and Series D Preferred Stock for Q2 2023. The Series A dividend is set at $0.34375 per share, payable in three monthly installments of $0.114583 on May 15, June 15, and July 17, 2023. The Series A1 dividend totals $0.442500 per share, with monthly payments of $0.147500 due on the same dates. The Series D dividend stands at $0.353125, also paid monthly with $0.117708 installments. These dividends reflect the company's ongoing commitment to providing returns to its preferred stockholders.
Creative Media & Community Trust Corporation (CMCT) reported its fourth quarter and annual results for 2022, revealing a net loss of $8.9 million or $0.39 per diluted share. The company executed 37,566 square feet of leases and achieved an 84.8% leased rate in its office portfolio. Funds from Operations (FFO) was $(3.7) million or $(0.16) per diluted share, while Core FFO reached $4.4 million or $0.11 per diluted share. Management highlighted strong leasing activity and a focus on expanding their multifamily portfolio, having acquired interests in 696 units in early 2023.