CMCT Q4 2024 net loss $1.78/shr; Core FFO -$0.75; debt reduced to $15M

Creative Media & Community Trust Corp

Net loss $16.6M ($1.78/shr); FFO -$8.7M (-$0.93/shr); Core FFO -$7.0M (-$0.75/shr).
Same-store office 71% leased, 70.6% occupied; executed 176K sf of leases in Q4.
Hotel occupancy fell to 54.5% from 69.9% YoY due to renovation disruption.
Closed $84.3M hotel mortgage and $105M office mortgage; repaid $154.3M on credit facility, reducing recourse balance to $15M.
CEO outlines focus on premier multifamily; plan to fully repay credit facility and evaluate asset sales.

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