secwatch.observer — SEC 8-K summary
======================================

Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000908311-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT Q2 2024 net loss $9.7M; Core FFO $(0.09)/share, improved YoY
-----------------------------------------------------------------

- Net loss attributable to common stockholders $9.7M ($0.43/diluted share) vs $23.8M loss in Q2 2023.
- Core FFO $(2.1)M ($(0.09)/share) vs $(3.9)M prior year; segment NOI up to $16.2M from $12.0M.
- Same-store office portfolio 83.5% leased; 52,346 sq ft of leases executed with terms >12 months.
- Issued 364,754 shares Series A1 Preferred for net $8.3M; borrowed $15M on revolving credit facility.
- Common dividend $0.085/share quarterly declared; evaluating asset sales for debt reduction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000041/0000908311-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831124000041/cmct-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000908311-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer