secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0000908311-26-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT Q4 net loss $17.7M; sells lending business; redeems preferred stock to lift FFO
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- Net loss attributable to common stockholders $(17.7)M ($(11.20)/diluted share); FFO $(7.1)M ($(4.49)/share); Core FFO $(5.9)M ($(3.74)/share).
- Completed sale of lending division in Jan 2026 for ~$44.9M, yielding ~$31.2M net cash proceeds after debt and expenses.
- Office portfolio 74.8% leased (88.5% excluding Oakland); multifamily occupancy 85.3%, up 360 bps YoY.
- Redeemed ~83,450 Series A, ~210,858 Series A1 preferred shares for common; March 2026 redemption expected to reduce annual dividend expense by ~$16M.
- Target capital structure on fair-value basis: 38% common equity, 7% preferred equity, 55% debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831126000015/0000908311-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831126000015/cmct-20260306.htm
  HTML page:      https://secwatch.observer/filing/0000908311-26-000015

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