secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0000908311-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000010/0000908311-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000010/cmct-20240327.htm
  HTML page:      https://secwatch.observer/filing/0000908311-24-000010

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