Recent Updates — CMCT
On September 9, 2026, Creative Media & Community Trust Corporation issued 7,477 shares of Common Stock in lieu of cash for the redemption of 1,388 Series A1 Preferred shares and 23,078 common shares for 4,087 Series A preferred shares. The conversion price was approximately $4.35 per share based on the 20-day VWAP. As of September 10, 2026, outstanding redemption requests totaled approximately 12,217 Series A1 and 9,906 Series A shares, which the company may redeem in cash or stock at its discretion. Creative Media & Community Trust Corporation operates as a real estate investment trust focused on acquiring and managing community theater assets.
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.
Creative Media & Community Trust Corporation received a maturity default notice on July 9, 2026, regarding a $97.1 million non-recourse mortgage on 1 Kaiser Plaza. The company elected not to refinance the mortgage and is currently engaging with a special servicer to find a long-term resolution. Creative Media & Community Trust Corporation is a real estate investment company.
Creative Media & Community Trust Corporation completed three series of equity issuances to redeem Series A and Series A1 Preferred Stock in lieu of cash. On May 12, 2026, the company issued 4,418 and 26,992 shares of Common Stock to redeem 1,200 and 6,952 shares of Series A1 and Series A Preferred Stock, respectively. On May 28, 2026, it issued 68,971 and 19,296 shares to redeem 16,000 and 4,221 preferred shares. On June 15, 2026, it issued 26,210 and 162,792 shares to redeem 4,835 and 28,093 preferred shares. Conversion prices were based on the 20-day VWAP, totaling approximately $6.36, $5.41, and $4.30 per share for the respective dates. The company operates in the financial services industry.