secwatch.observer — SEC 8-K summary
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Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0000908311-26-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831126000053/0000908311-26-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831126000053/cmct-20260508.htm
  HTML page:      https://secwatch.observer/filing/0000908311-26-000053

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