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Creative Media & Community Trust Corporation - CMCT STOCK NEWS

Welcome to our dedicated page for Creative Media & Community Trust Corporation news (Ticker: CMCT), a resource for investors and traders seeking the latest updates and insights on Creative Media & Community Trust Corporation stock.

Creative Media & Community Trust Corporation (CMCT) is a dynamic entity dedicated to investing in, owning, and operating Class A and creative office spaces in urban areas across the United States. The company operates through three primary segments: Office, Hotel, and Multifamily Properties, and Lending.

In the Office segment, CMCT offers rental office spaces and other tenant services, including reimbursements, parking, and storage space rentals. The Hotel segment covers the operations of hotel properties, catering to guests with high-quality accommodations and amenities. Meanwhile, the Lending segment generates income from the yield on loans receivable, sales of government-guaranteed loan portions, and related fees.

The company's origins date back to 1994, when its founders concentrated on enhancing Southern California neighborhoods. Since then, CMCT has grown into a diverse team of over 990 professionals spread across the Americas. Their projects have significantly contributed to the communities they invest in by creating jobs, comfortable living spaces, and sustainable infrastructure.

CMCT remains steadfast in its mission to enhance communities through strategic real estate and infrastructure investments. The company continues to focus on creating value in real assets, benefiting the communities where it operates, and making a lasting impact.

For the latest updates and more information, please visit the company’s website.

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CMCT (NASDAQ: CMCT; TASE: CMCT) to Report Q3 2023 Earnings; Conference Call Scheduled for November 15, 2023
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CMCT declares preferred stock dividends
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CMCT declares quarterly cash dividend of $0.085 per share of common stock.
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Creative Media & Community Trust Corporation (CMCT) reported operating results for Q2 2023. The real estate portfolio had an 84.1% leased office portfolio and executed leases for 29,212 square feet. Net loss attributable to common stockholders was $23.8 million. FFO and Core FFO were $(4.2) million and $(3.9) million, respectively. The CEO highlighted the focus on growing the multifamily assets and improving office occupancy. The company made progress in its value-add and development pipeline.
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CMCT (NASDAQ: CMCT) has announced dividends for its Series A, Series A1, and Series D Preferred Stock for Q2 2023. The Series A dividend is set at $0.34375 per share, payable in three monthly installments of $0.114583 on May 15, June 15, and July 17, 2023. The Series A1 dividend totals $0.442500 per share, with monthly payments of $0.147500 due on the same dates. The Series D dividend stands at $0.353125, also paid monthly with $0.117708 installments. These dividends reflect the company's ongoing commitment to providing returns to its preferred stockholders.

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FAQ

What is the current stock price of Creative Media & Community Trust Corporation (CMCT)?

The current stock price of Creative Media & Community Trust Corporation (CMCT) is $0.1264 as of December 20, 2024.

What is the market cap of Creative Media & Community Trust Corporation (CMCT)?

The market cap of Creative Media & Community Trust Corporation (CMCT) is approximately 15.1M.

What does Creative Media & Community Trust Corporation do?

CMCT invests in, owns, and operates Class A and creative office investments in improving urban communities throughout the United States.

What are the main segments of CMCT's operations?

CMCT operates through three primary segments: Office, Hotel, and Multifamily Properties, and Lending.

What services are provided under the Office segment?

The Office segment includes rental of office space, tenant services such as parking and storage space rental, and tenant reimbursements.

What does CMCT's Hotel segment entail?

The Hotel segment involves the operation of hotel properties, providing guests with high-quality accommodations and amenities.

How does CMCT generate income in its Lending segment?

The Lending segment generates income from the yield on loans receivable, sales of government-guaranteed loan portions, and related fees.

When was Creative Media & Community Trust Corporation founded?

CMCT was founded in 1994.

How many employees does CMCT have?

CMCT has a diverse team of more than 990 employees.

What is CMCT’s mission?

CMCT aims to enhance communities through strategic real estate and infrastructure investments, creating value in real assets and benefiting the communities.

Where does CMCT operate?

CMCT operates across various regions in the Americas, focusing on urban areas in the United States.

What kind of impact has CMCT had on communities?

CMCT’s projects have created jobs, comfortable living spaces, and sustainable infrastructure, enhancing the communities in which they invest.

Creative Media & Community Trust Corporation

Nasdaq:CMCT

CMCT Rankings

CMCT Stock Data

15.10M
97.14M
19.55%
93%
0.09%
REIT - Office
Real Estate Investment Trusts
Link
United States of America
DALLAS