Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 178

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 178
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 a reduction to rental and other property income, and amortization of the acquired in-place leases is included in depreciation and amortization in the accompanying consolidated statements of operations. Amortization of the acquired below-market leases is recorded as an increase to rental and other property income in the accompanying consolidated statements of operations. During the three and nine months ended September 30, 2025 and 2024, the Company recognized amortization related to its intangible assets and liabilities as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Acquired above-market lease amortization$— $1 $1 $4 Acquired in-place lease amortization$31 $94 $140 $281 A schedule of future amortization and accretion of acquired intangible assets and liabilities as of September 30, 2025, is as follows (in thousands): AssetsYears Ending December 31,AcquiredIn-PlaceLeases2025 (Three months ending December 31, 2025)$30 2026123 2027123 2028122 202972 Thereafter— $470 

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

7. DEBTThe following table summarizes the debt balances as of September 30, 2025 and December 31, 2024 and the debt activity for the nine months ended September 30, 2025 (in thousands):During the Nine Months Ended September 30, 2025Balances as of December 31, 2024Debt Issuances & AssumptionsRepayments (1)Accretion & (Amortization)Balances as of September 30, 2025Mortgages Payable:Fixed rate mortgages payable$269,100 $— $(697)$— $268,403 Variable rate mortgages payable171,346 42,285 (6,250)— 207,381 440,446 42,285 (6,947)— 475,784 Deferred debt origination costs — Mortgages Payable(3,995)(2,326)— 1,885 (4,436)Total Mortgages Payable436,451 39,959 (