Earnings ·
Creative Media & Community Trust Corporation reported a net loss attributable to common stockholders of $11.0 million…
CMCTCreative Media & Community Trust Corp
Creative Media & Community Trust Corporation reported a net loss attributable to common stockholders of $11.0 million, or $(4.03) per diluted share, for the quarter ended June 30, 2026. Funds from operations (FFO) were $(3.5) million, or $(1.28) per diluted share, and Core FFO was $(3.4) million, or $(1.25) per diluted share. The company's same-store multifamily occupancy rose to 95.3%, while the office portfolio excluding the Oakland asset stood at 84.4% leased. Management noted that segment net operating income decreased 5.2% to $9.3 million, though NOI exclusive of unconsolidated entities increased 22.2% to $12.5 million due to favorable valuation adjustments in joint ventures. The company also declared quarterly preferred stock dividends ranging from $0.34375 to $0.38375 per share. Creative Media & Community Trust Corporation operates as a real estate investment trust focused on acquiring, owning, and operating creative office and multifamily properties.