Creative Media & Community Trust Corp

Listed Company

CMCTCIK 0000908311NasdaqNon-AcceleratedSmaller ReportingReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$116.67M

Net Income

$-39.00M

Total Assets

—

Equity

—

Shares Out

2.64M

Op. Cash Flow

$5.79M

Business

Creative Media & Community Trust Corp is a Maryland corporation and REIT that acquires, develops, owns and operates real estate and underwrites SBA‑secured loans through an affiliated operating platform. It offers premier multifamily properties, Class A and creative office assets, a hotel, and a lending platform originating SBA 7(a) loans. Its reportable segments comprise office, hotel, multifamily and lending, with investments held directly and through unconsolidated joint ventures and co‑investments. It focuses on qualified metropolitan communities across the United States, deploying capital via direct ownership, joint ventures, co‑investments and CIM Group’s distribution and management channels.

Summary from filing dated 2025-03-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental and other property income	65	72	66	56	53
Hotel income	40	38	39	33	17
Interest and other income	12	15	14	12	21
Total Revenues	117	125	119	102	91
Rental and other property operating	67	68	62	51	39
Asset management and other fees to related parties	1	2	3	4	9
Interest	40	37	35	10	9
General and administrative	5	7	8	7	7
Transaction-related costs	1	1	4	223,000	143,000
Depreciation and amortization	27	27	52	20	20
Loss on early extinguishment of debt (Note 7)	88,000	1	—	—	0
Impairment of real estate (Note 3)	4	0	—	—	0
Loss on assets held for sale (Note 5)	298,000	0	—	—	—
Total Expenses	153	149	170	95	89
Loss from unconsolidated entities	−4	−806,000	−427,000	164,000	0
Gain on sale of real estate (Note 3)	679,000	0	1	0	0
LOSS BEFORE PROVISION FOR INCOME TAXES	−39	−25	−50	7	2
Provision for income taxes	497,000	798,000	1	1	3
NET LOSS	−40	−26	−51	6	−851,000
Net loss attributable to noncontrolling interests	573,000	575,000	3	−27,000	1,000
NET LOSS ATTRIBUTABLE TO THE COMPANY	−39	−25	−48	6	−850,000
Redeemable preferred stock dividends declared or accumulated (Note 11)	−21	−30	−26	−19	−19
Redeemable preferred stock deemed dividends (Note 11)	0	−755,000	0	−19,000	−253,000
Redeemable preferred stock redemptions (Note 11)	−1	−18	−2	−13	−113,000
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	−62	−73	−76	−26	−20
Basic (in usd per share)	−67.08	−431.43	−31.02	−1.11	−1.04
Diluted (in usd per share)	−67.08	−431.43	−31.02	−1.11	−1.04
Basic (in shares)	919,000	170,000	2	23	19
Diluted (in shares)	919,000	170,000	2	23	19

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Investments in real estate, net	698	709	705	502	498
Investments in unconsolidated entities	31	34	34	12	—
Cash and cash equivalents	15	20	19	46	22
Restricted cash	22	33	25	11	11
Loans receivable, net (Note 5)	0	56	57	63	74
Accounts receivable, net	3	4	5	4	3
Deferred rent receivable and charges, net	19	20	28	38	36
Other intangible assets, net	439,000	4	4	4	5
Other assets	5	10	14	10	11
Assets held for sale, net (Note 5)	66	0	—	—	—
TOTAL ASSETS	859	890	891	690	661
Debt, net	510	506	472	184	201
Accounts payable and accrued expenses	27	32	26	107	27
Due to related parties	23	14	3	3	—
Other liabilities	11	10	13	18	17
Liabilities associated with assets held for sale, net (Note 5)	22	0	—	—	—
Total liabilities	593	562	514	313	250
COMMITMENTS AND CONTINGENCIES (Note 15)	—	—	—	—	—
REDEEMABLE PREFERRED STOCK: Series A1 cumulative redeemable preferred stock, $0.001 par value; 24,508,664 and 25,045,401 shares authorized as of December 31, 2025 and December 31, 2024, respectively; no shares issued and outstanding as of December 31, 2025, respectively and 913,630 and 913,590 shares issued and outstanding as of December 31, 2024; liquidation preference of $25.00 per share, subject to adjustment	0	21	0	16	38
Common stock, $0.001 par value; 900,000,000 shares authorized; 2,699,686 shares issued and outstanding as of December 31, 2025 and 466,180 shares issued and outstanding as of December 31, 2024	3,000	119,000	23,000	23,000	24,000
Additional paid-in capital	1,019	995	852	862	867
Distributions in excess of earnings	−1,064	−1,002	−922	−838	−804
Total stockholders equity	265	305	374	362	373
Noncontrolling interests	888,000	2	2	373,000	345,000
Total equity	266	306	377	362	374
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY	859	890	891	690	661

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization, net	27	28	53	20	20
Loss (gain) on interest rate caps	149,000	−463,000	—	—	—
Loss on early extinguishment of debt	88,000	1	—	—	—
Amortization of deferred debt origination costs	3	2	2	1	1
Amortization of premiums and discounts on debt	103,000	24,000	−59,000	48,000	−61,000
Unrealized premium adjustment	557,000	1	1	1	3
Amortization of deferred costs and accretion of fees on loans receivable, net	−344,000	−249,000	−404,000	−688,000	−622,000
(Recoveries) write-offs of uncollectible receivables	−2	1	299,000	259,000	−82,000
Write-off of other deferred costs	0	491,000	0	—	—
Deferred income taxes	−137,000	−36,000	42,000	−3,000	72,000
Stock-based compensation	220,000	220,000	183,000	202,000	220,000
Loans funded, held for sale to secondary market	−19	−30	−34	−31	−97
Proceeds from sale of guaranteed loans	19	29	34	32	109
Principal collected on loans subject to secured borrowings	51,000	2	3	692,000	2
Commitment fees remitted and other operating activity	−421,000	−806,000	−742,000	−1	−3
Accounts receivable	597,000	91,000	−2	−480,000	—
Other assets	3	5	2	−40,000	−1
Accounts payable and accrued expenses	1	−2	10	801,000	3
Deferred leasing costs	−3	−2	−1	−2	—
Other liabilities	−2	−2	−5	995,000	7
Due to related parties	9	11	308,000	4	7
Net cash provided by operating activities	6	17	12	32	46
Capital expenditures	−21	−23	−13	−9	−4
Receipt of deferred key money	5	0	—	—	—
Investment in unconsolidated entity	−1	−2	−14	−23	0
Return of investment from unconsolidated entity	30,000	1	0	10	0
Proceeds from sale of real estate, net	1	1	33	0	—
Loans funded	−6	−10	−12	−10	−36
Principal collected on loans	10	11	14	20	31
Other investing activity	0	82,000	0	—	0
Net cash used in investing activities	−12	−22	−89	−22	−13
Payment of revolving credit facilities, mortgages payable, term notes and principal on SBA 7(a) loan-backed notes	−35	−172	−278	−183	−158
Proceeds from revolving credit facilities, term notes and mortgages	56	210	335	166	35
Payment of principal on secured borrowings	−52,000	−2	−3	−692,000	−2
Payment of deferred preferred stock offering costs	0	−2	−859,000	−2	−1
Payment of deferred costs	−3	−4	−3	−3	−1,000
Payment of common dividends	0	−6	−8	−8	−4
Net proceeds from issuance of Preferred Stock	−165,000	40	103	148	30
Payment of preferred stock dividends	−22	−26	−30	−24	−18
Redemption of Preferred Stock	0	−25	−106	−9	−3
Noncontrolling interests distributions	−295,000	−43,000	−38,000	—	—
Noncontrolling interests contributions	8,000	0	0	5,000	9,000
Net cash (used in) provided by financing activities	−5	14	63	14	−44
Decrease in cash balances included in assets held for sale	−4	0	—	—	—
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	−15	9	−13	24	−10
Cash paid during the period for interest	36	35	31	8	8
Federal income taxes paid	384,000	845,000	2	1	3
Accrued capital expenditures, tenant improvements and real estate developments	5	8	2	4	2
Other amounts due from Unconsolidated Joint Venture partners included in other assets	396,000	396,000	1	0	—
Accrued deferred debt origination costs	362,000	425,000	0	22,000	0
Accrual of dividends payable to preferred stockholders	5	6	3	6	12
Preferred stock offering costs offset against redeemable preferred stock	0	1	2	2	400,000
Write-off of preferred stock deferred offering costs	0	5	0	—	—
Accrued Redeemable Preferred Stock fees	203,000	186,000	282,000	450,000	638,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro