secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0000908311-22-000096
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831122000096/0000908311-22-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831122000096/cmct-20221114.htm
  HTML page:      https://secwatch.observer/filing/0000908311-22-000096

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