CMCT Q1 net loss $34.7M; sells lending business for $44.9M, redeems $242.8M preferred stock

Creative Media & Community Trust Corp

2026-Q1 EPS reported -$70.52 revenue$29,417,000

Net loss attributable to common stockholders $(34.7M), $(70.52)/diluted share; Core FFO $(5.9M), $(11.89)/diluted share.
Completed sale of lending division (First Western) for ~$44.9M, net cash proceeds $31.2M in January 2026.
Redeemed ~$242.8M of Preferred Stock into common in March; expected to reduce annual preferred dividends by ~$16M.
Office portfolio 73.1% leased (85.7% ex-Oakland); same-store multifamily occupancy 91.4%, up 1,120 bps YoY.
Hotel RevPAR $178.71; evaluating refinancing of Sheraton Hotel for potential upsized loan and lower rate.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Creative Media & Community Trust Corp reported the three months ended March 31, 2026 results: net income $(34.7) million, or $(70.52) per diluted share.

Period: the three months ended March 31, 2026
Net income: $(34.7) million, or $(70.52) per diluted share
Result: reported results

Exact text from the filing

was 91.4% as of March 31, 2026, representing a 1,120 basis point improvement from the first quarter of 2025. Financial Results • Net loss attributable to common stockholders of $(34.7) million, or $(70.52) per diluted share. • Funds from operations attributable to common stockholders (“FFO”) (3)1 was $(28.8) million, or $(58.47) per diluted share. • Core FFO

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Source: SEC EDGAR

accession 0000908311-26-000053

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