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.
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
Creative Media & Community Trust Corporation (CMCT) reported its fourth quarter and annual results for 2022, revealing a net loss of $8.9 million or $0.39 per diluted share. The company executed 37,566 square feet of leases and achieved an 84.8% leased rate in its office portfolio. Funds from Operations (FFO) was $(3.7) million or $(0.16) per diluted share, while Core FFO reached $4.4 million or $0.11 per diluted share. Management highlighted strong leasing activity and a focus on expanding their multifamily portfolio, having acquired interests in 696 units in early 2023.
Creative Media & Community Trust (NASDAQ: CMCT) announced it will release its fourth quarter 2022 earnings results on March 31, 2023. A conference call discussing the results will be held at 12:00 p.m. Eastern Time, featuring key executives including CEO David Thompson and CFO Barry Berlin.
The call can be accessed through a webcast on the company’s website, with a replay available for 90 days post-call. CMCT specializes in multifamily and creative office real estate, primarily focusing on vibrant markets across the United States.
CMCT (NASDAQ: CMCT) announced a quarterly cash dividend of $0.085 per share, set for payment on April 11, 2023, to stockholders of record by March 30, 2023. CMCT, a real estate investment trust, focuses on acquiring and developing multifamily and creative office properties in the U.S., catering to technology and media sectors. The company also manages a hotel in Northern California and operates a lending platform under the SBA's 7(a) loan program. This dividend reflects CMCT's commitment to providing value to its shareholders amidst market fluctuations.
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