Business
Creative Media & Community Trust Corporation Reports 2025 Fourth Quarter Results & Takes Action to Significantly Improve Balance Sheet and FFO¹
LOS ANGELES--(BUSINESS WIRE)-- Creative Media & Community Trust Corporation (NASDAQ: CMCT) (“we”, “our”, “CMCT”, or the “Company”) today reported operating
About this update from Creative Media
[{"type":"text","content":" LOS ANGELES--(BUSINESS WIRE)--\nCreative Media & Community Trust Corporation (NASDAQ: CMCT) (“we”, “our”, “CMCT”, or the “Company”) today reported operating results for the three months ended December 31, 2025.\n\n\nFourth Quarter 2025 Highlights\n\n\nReal Estate Portfolio\n\n\n\nCMCT’s office portfolio was 74.8% leased as of December 31, 2025 (88.5% leased when excluding our one Oakland office building (the “Oakland Office Building”), compared to 81.7% leased as of December 31, 2024).\n\n\n\nExecuted 22,966 square feet of leases with terms longer than 12 months.\n\n\n\nDuring the fourth quarter, one of our unconsolidated joint ventures completed the development of a 36-unit multifamily building in Los Angeles, California.\n\n\n\nFinancial Results\n\n\n\nNet loss attributable to common stockholders of $(17.7) million, or $(11.20) per diluted share.\n\n\n\nFunds from operations attributable to common stockholders (“FFO”)(3)1 was $(7.1) million, or $(4.49) per diluted share.\n\n\n\nCore FFO attributable to common stockholders (“Core FFO”)(4)1 was $(5.9) million, or $(3.74) per diluted share.\n\n\n\nAsset Sales\n\n\n\nOn January 21, 2026, we completed the sale of our lending business (“First Western”) for a purchase price of approximately $44.9 million2.\n\n\n\nManagement Commentary\n\n\nThe Company continues to make significant progress on its previously announced plan to accelerate its focus towards premier multifamily assets, strengthen the balance sheet and improve liquidity. Operating trends have been improving across the multifamily portfolio, the Los Angeles and Austin office assets and the company’s one hotel.\n\n\nSince announcing this plan in September 2024, the company has significantly improved its balance sheet having completed financings on nine assets, fully retired its recourse credit facility, sold its lending business and redeemed approximately $153.3 million of Preferred Stock into shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”). In addition, the Company announced today that it expects to redeem approximately 1,957,023 shares of Series A Preferred Stock, par value $0.001 per share, approximately 7,767,609 shares of Series A1 Preferred Stock, par value $0.001 per share and approximately 21,760 shares of Series D Preferred Stock, par value $0.001 per share (collectively, the “...