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 Corporation (CMCT) reported a net loss of $2.3 million, or $0.10 per diluted share, for the second quarter of 2022. Despite the loss, Funds from Operations (FFO) increased to $2.6 million, reflecting significant operational improvements, particularly in hotel performance. The real estate portfolio was 87.2% leased, with 39,392 square feet leased during the quarter. CMCT acquired a property in Jefferson Park for $5.7 million, aiming to develop 114 residential units while managing a pipeline of investments through an asset-light approach.
Creative Media & Community Trust (CMCT) will announce its second quarter 2022 earnings results on August 9, 2022. A conference call will be held at 12:00 p.m. Eastern Time to discuss these results, featuring executives including CEO David Thompson and CFO Nate DeBacker. Interested listeners can access the call via webcast or phone, with replay options available until August 19, 2022. CMCT focuses on premier multifamily and creative office properties across the U.S., aiming to foster dynamic community growth.
CMCT has declared a quarterly cash dividend of $0.085 per share for common stock, payable on July 5, 2022. Additionally, the Series A Preferred Stock will yield $0.34375 per share, with payments scheduled from August 15, 2022 to October 17, 2022. The Series A1 Preferred Stock will pay $0.375 per share for the second and third quarters, with payments from July 15, 2022 to October 17, 2022. Lastly, Series D Preferred Stock will offer $0.353125 per share, payable from August 15, 2022 onwards.
Creative Media & Community Trust Corporation (NASDAQ: CMCT) has authorized a $10 million stock repurchase program to enhance shareholder value. CEO David Thompson highlighted the company's improving financial performance and identified opportunities to buy shares at a discount. The repurchase will occur in the open market or through private transactions, with no set termination date, allowing flexibility based on market conditions. Since its public listing in 2014, CMCT has actively returned capital to shareholders through various methods, including share repurchases and dividends.
Creative Media & Community Trust Corporation (CMCT) reported Q1 2022 results, showing significant recovery in financial performance. The company recorded a net loss of $2.8 million, down from $8.2 million in Q1 2021. Funds from operations (FFO) improved to $2.2 million, compared to a loss of $3.2 million a year earlier. The real estate portfolio was 88.2% leased, with 21,478 square feet of new leases executed. Additionally, CMCT invested $22.4 million in an Echo Park office project and $2.3 million in a new apartment development. Management expresses optimism for continued growth.
Creative Media & Community Trust (CMCT) announced it will release its Q1 2022 earnings results on May 11, 2022, followed by a conference call at 11:00 a.m. ET. The call will feature CEO David Thompson and other key executives discussing financial results and business strategies. Interested parties can access the call via webcast or phone. CMCT, a real estate investment trust, focuses on owning and developing multifamily and creative office assets in the U.S., particularly in tech, media, and entertainment sectors.
Creative Media & Community Trust Corporation (CMCT) announced its participation in the Sidoti Spring 2022 Small Cap Virtual Conference on March 23 and March 24, 2022. Key representatives, including Shaul Kuba and Steve Altebrando from CIM Group, will discuss CMCT's focused strategy on acquiring, operating, and developing creative office and multifamily properties. The presentation is scheduled for March 23 at 4:00 p.m. ET, with a webcast available at this link.
Creative Media & Community Trust Corporation (NASDAQ: CMCT) announced its operating results for Q4 2021, reporting a net loss of $4.3 million ($0.19 per diluted share) compared to $8.9 million ($0.60 per diluted share) in Q4 2020. Funds from operations (FFO) increased to $598,000 ($0.03 per diluted share) from a loss of $3.2 million the previous year. The same-store office portfolio was 80.1% leased, with a decrease in occupancy year-over-year. The company expects to benefit from a lower cost structure and growing demand for office space in 2022.
Creative Media & Community Trust Corporation (NASDAQ: CMCT) will release its fourth quarter 2021 earnings on
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