CMCT Q4 2022 net loss $8.9M ($0.39/share); Core FFO $0.11; office leased 84.8%

Creative Media & Community Trust Corp

2023-Q1 EPS reported -$0.56 revenue$28,912,000

Net loss attributable to common stockholders of $8.9M ($0.39 per diluted share) vs $4.3M loss in Q4 2021.
Core FFO attributable to common stockholders was $4.4M ($0.11 per diluted share), up from $0.03 in prior year.
Same-store office portfolio 84.8% leased (up 490 bps YoY); executed 37,566 sq ft of leases.
Hotel segment NOI increased to $3.1M from $1.8M; RevPAR up to $127.84 from $107.55.
Redeemed all Series L Preferred Stock for $83.8M on Jan 25, 2023; issued Series A1 Preferred for $69.3M net proceeds.

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 three months ended December 31, 2022 results: net income Net loss attributable to common stockholders of $8.9 million, EPS $0.39 per diluted share.

Period: three months ended December 31, 2022
Net income: Net loss attributable to common stockholders of $8.9 million
EPS: $0.39 per diluted share
Result: reported results

Exact text from the filing

Net loss attributable to common stockholders of $8.9 million, or $0.39 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Creative Media & Community Trust Corp reported financial results for year ended December 31, 2022.

Period: year ended December 31, 2022
Result: reported results

Exact text from the filing

today reported operating results for the three months and year ended December 31, 2022.

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Creative Media & Community Trust Corp filing history →

Source: SEC EDGAR

accession 0000908311-23-000018

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