secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0000908311-22-000087
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT reports Q2 net loss $0.10/share, FFO $0.11; CFO replaced
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- Net loss attributable to common stockholders $2.3M ($0.10/diluted); FFO $2.6M ($0.11) vs $859K ($0.06) in Q2 2021.
- Hotel occupancy improved to 77.5% (from 47.7% YoY), driving NOI to $3.2M vs -$2K.
- Lending NOI dropped to $1.7M from $5.0M; expects materially lower lending revenue in H2 2022.
- Barry Berlin promoted to CFO/Secretary, replacing Nathan DeBacker; effective Aug 10, 2022.
- Acquired LA development site for $5.7M; planning 114 residential units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831122000087/0000908311-22-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831122000087/cmct-20220809.htm
  HTML page:      https://secwatch.observer/filing/0000908311-22-000087

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