CMCT Q4 2023 net loss $16.3M, FFO loss $9.9M; office same-store 84% leased

Creative Media & Community Trust Corp

Net loss $16.3M ($0.72/sh) vs $8.9M loss in Q4 2022; Core FFO loss $8.4M ($0.37/sh) vs $4.4M positive.
Office same-store leased 84.0%, occupied 83.4%; executed 38,280 sqft leases.
Hotel occupancy 69.9%, ADR $195.04; Multifamily 79.3% occupied, monthly rent $2,805.
Lending segment NOI $1.3M, down from $1.8M; issued Series A1 Preferred shares for $26.8M net.
Dividends declared: common $0.085/sh, Series A1 $0.489375/sh (annual 7.83%).

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Creative Media & Community Trust Corp reported the three months and year ended December 31, 2023 results: net income Net loss attributable to common stockholders of $16.3 million, or $0.72 per diluted share, EPS $0.72 per diluted share.

Period: the three months and year ended December 31, 2023
Net income: Net loss attributable to common stockholders of $16.3 million, or $0.72 per diluted share
EPS: $0.72 per diluted share
Result: reported results

Exact text from the filing

Creative Media & Community Trust Corporation Reports 2023 Fourth Quarter Results

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Creative Media & Community Trust Corp filing history →

Source: SEC EDGAR

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