---
schema_version: "secwatch.filing_event.v1"
accession: "0000908311-23-000029"
form_type: "8-K"
ticker: "CMCT"
cik: "0000908311"
company_name: "Creative Media & Community Trust Corp"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:26:05.017669+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CMCT Q1 net loss $12.7M; acquires 696 multifamily units, redeems Series L Preferred

## Summary
- Net loss attributable to common stockholders of $12.7M ($0.56 per diluted share), up from $2.8M loss in Q1 2022.
- FFO $(4.8)M, or $(0.21) per share; Core FFO $(1.3)M, or $(0.06) per share.
- Acquired two multifamily buildings in Oakland (621 units) for $282.9M; invested $6.6M in Echo Park JV.
- Redeemed all Series L Preferred Stock for $83.8M; issued Series A1 preferred net $23.6M; completed SBA loan securitization net $43.3M.
- Same-store office occupancy 80.9% (down 370bps); leased 83.6% (down 330bps); executed 43,887 sq ft of leases.

## SEC filing metadata
- accession: 0000908311-23-000029
- form_type: 8-K
- ticker: CMCT
- cik: 0000908311
- company_name: Creative Media & Community Trust Corp
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908311/000090831123000029/0000908311-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908311/000090831123000029/cmct-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908311-23-000029
- JSON: https://secwatch.observer/filing/0000908311-23-000029.json
- Plain text: https://secwatch.observer/filing/0000908311-23-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.