CMCT reports $23.8M net loss in Q2 2023; Core FFO negative $0.17 per share

Creative Media & Community Trust Corp

2023-Q2 EPS reported -$1.61 revenue$61,672,000

Net loss attributable to common stockholders of $23.8M ($1.05/diluted share) vs loss of $2.3M a year ago.
FFO attributable to common stockholders was negative $4.2M ($0.19/diluted share), down from positive $2.6M.
Same-store office portfolio 84.1% leased; executed 29,212 sq ft of leases in quarter.
Hotel segment NOI rose to $4.1M from $3.2M; multifamily NOI of $522k from assets acquired in Q1.
Issued 1,195,589 shares of Series A1 Preferred stock for net proceeds of $27.4M.

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 0.95

Creative Media & Community Trust Corp reported the three and six months ended June 30, 2023 results: net income $(1.05) per diluted share, EPS $(1.05) per diluted share.

Period: the three and six months ended June 30, 2023
Net income: $(1.05) per diluted share
EPS: $(1.05) per diluted share
Result: reported results

Exact text from the filing

Net loss attributable to common stockholders of $23.8 million, or $1.05 per diluted share.

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Source: SEC EDGAR

accession 0000908311-23-000059

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