secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0000908311-23-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT Q3 net loss widens to $22.9M ($1.01/sh); FFO negative $7.5M
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- Net loss attributable to common stockholders of $22.9M, or $1.01 per diluted share, vs. $11.7M ($0.50) in Q3 2022.
- FFO attributable to common stockholders was negative $7.5M ($0.33/share), down from negative $6.6M ($0.28) YoY.
- Core FFO negative $7.1M ($0.31/share), compared to negative $1.5M ($0.07) in prior year.
- Same-store office portfolio 83.9% leased; executed 29,291 sq ft of leases during Q3.
- Issued 1.09M Series A1 Preferred shares for net proceeds of $25.1M; reduced revolving credit by $15M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000075/0000908311-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000075/cmct-20231114.htm
  HTML page:      https://secwatch.observer/filing/0000908311-23-000075

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