secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0000908311-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT Q1 net loss $12.3M; core FFO falls to $(4.4)M on higher interest costs
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- Net loss $12.3M ($0.54/diluted) vs $12.7M loss ($0.56) in Q1 2023.
- FFO $(5.9)M ($(0.26)/share) vs $(4.8)M ($(0.21)) prior year; core FFO $(4.4)M ($(0.19)).
- Segment NOI $13.6M (+$0.6M YoY); office NOI $7.9M, hotel $4.1M flat, lending $789K vs $1.4M.
- Same-store office 83.7% leased (83.0% occupied); leased 36,961 sq ft of leases.
- Issued 853,879 Series A1 preferred shares for $19.1M net; maintained $0.085/share common dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000017/0000908311-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000017/cmct-20240515.htm
  HTML page:      https://secwatch.observer/filing/0000908311-24-000017

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