CMCT Q3 net loss $11.7M ($0.50/diluted); Core FFO -$1.5M (-$0.07/share)

Creative Media & Community Trust Corp

2022-Q3 EPS reported -$0.72 revenue$76,038,000

Net loss attributable to common stockholders of $11.7M vs $3.2M loss in Q3 2021; FFO per share -$0.28.
Lending segment NOI fell to $1.2M from $4.9M, driving decline; expects materially lower Q4 lending revenue.
Office portfolio 86.5% leased; same-store occupancy up 490 bps to 83.3%; hotel RevPAR up to $121.03.
Repurchased $4.4M common stock at $7.10/sh and $66.7M Series L Preferred at 3.4% discount to stated value.
Issued 2.7M Series A1 Preferred for net $57.4M; additional $46.5M in Q4 to date.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Creative Media & Community Trust Corp reported the three months ended September 30, 2022 results: net income $11.7 million, EPS $0.50 per diluted share.

Period: the three months ended September 30, 2022
Net income: $11.7 million
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

Creative Media & Community Trust Corporation Reports 2022 Third Quarter Results

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Creative Media & Community Trust Corp filing history →

Source: SEC EDGAR

accession 0000908311-22-000096

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