Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 215

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 215
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 leverage to enhance returns on equity and deciding on the sources of financing. 

39

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

The net operating income (loss) of the Company’s segments 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, 2025202420252024Office (1): Revenues$12,464 $13,819 $37,395 $42,531 Property expenses:    Operating6,832 7,444 18,912 20,634 General and administrative89 122 466 192 Total property expenses6,921 7,566 19,378 20,826 (Loss) income from unconsolidated entities(528)(834)(382)487 Segment net operating income—office5,015 5,419 17,635 22,192 Hotel:    Revenues7,590 7,142 31,906 31,151 Property expenses:    Operating6,530 6,147 21,986 21,763 General and administrative210 22 228 33 Total property expenses6,740 6,169 22,214 21,796 Segment net operating income—hotel850 973 9,692 9,355 Multifamily (1):Revenues3,875 4,773 11,910 14,971 Property expenses:Operating2,779 3,782 9,342 10,153 General and administrative135 78 304 212 Total property expenses2,914 3,860 9,646 10,365 Loss from unconsolidated entities(169)(405)(1,903)(929)Segment net operating income—multifamily792 508 361 3,677 Lending:Revenues2,218 2,724 6,686 7,928 Lending expenses:  Interest expense700 786 1,823 2,586 Expense reimbursements to related parties—lending segment679 672 2,016 1,908 General and