secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000908311-23-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000059/0000908311-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000059/cmct-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000908311-23-000059

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