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Stock impact report

Creative Media & Community Trust Corporation Reports 2024 Third Quarter Results

Creative Media & Community Trust Corporation (CMCT) 
Last creative media & community trust corporation earnings: 3/16 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.cimcommercial.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) (“we”, “our”, “CMCT”, or the “Company”), today reported operating results for the three months ended September 30, 2024.Third Quarter 2024 HighlightsReal Estate PortfolioSame-store office portfolio(2) was 72.9% leased.Executed 4,850 square feet of leases with terms longer than 12 months.Financial ResultsNet loss attributable to common stockholders of $34.8 million, or $1.22 per diluted share.Funds from operations attributable to common stockholders (“FFO”)(3)1 was $(28.4) million, or $(1.00) per diluted share.Core FFO attributable to common stockholders(4)1 was $(11.5) million, or $(0.40) per diluted share.In September 2024, the Company suspended its offering of Series A1 Preferred Stock and redeemed a total of 2,589,606 and 2,167,156 shares of Series A1 Preferred Stock and Series A Preferred stock, respectively, which were paid in shares of the Company’s Common Stock, resulting in the to Show less Read more
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