Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 108

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 108
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2024 is included within the office segment and such activity subsequent to October 1, 2024 is included within the multifamily segment. In the above table, activity related to both the 1910 Sunset JV and 1015 N Mansfield JV are included within the office segment, while activity related to the 1902 Park JV is included in the multifamily segment. 

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Table of ContentsCREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSSeptember 30, 2025 (Unaudited) – (Continued)

A reconciliation of segment net operating income to net income attributable to the Company for the three and nine months ended September 30, 2025 and 2024 is as follows (in thousands): Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Total segment net operating income$6,971 $7,588 $28,545 $37,444 Interest and other income87 158 321 472 Asset management and other fees to related parties(331)(515)(1,040)(1,334)Expense reimbursements to related parties—corporate(1,174)(592)(2,691)(1,809)Interest expense(9,612)(8,830)(28,423)(25,233)General and administrative(1,189)(1,421)(3,142)(3,592)Transaction-related costs(598)(526)(1,427)(1,351)Depreciation and amortization(7,345)(6,423)(20,169)(19,357)Loss on early extinguishment of debt— — (88)— Impairment of real estate— — (221)— Gain on sale of real estate679 — 679 — Loss before provision for income taxes(12,512)(10,561)(27,656)(14,760)Provision for income taxes(74)(15)(353)(573)Net loss(12,586)(10,576)(28,009)(15,333)Net loss attributable to non-controlling interests131 192 441 423 Net loss attributable to the Company$(12,455)$(10,384)$(27,568)$(14,910)The condensed assets for each of the segments as of September 30, 2025 and December 31,