Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 26

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 26
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Item 1.

Financial Statements

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets

(In thousands, except share and per share amounts) (Unaudited)

 March 31, 2025December 31, 2024ASSETS  Investments in real estate, net$706,537 $709,194 Investments in unconsolidated entities 33,341 33,677 Cash and cash equivalents19,772 20,262 Restricted cash29,353 32,606 Loans receivable, net (Note 5)53,039 56,210 Accounts receivable, net3,844 4,345 Deferred rent receivable and charges, net19,341 19,896 Other intangible assets, net3,488 3,568 Other assets13,628 9,797 TOTAL ASSETS$882,343 $889,555 LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY  LIABILITIES:  Debt, net$512,658 $505,732 Accounts payable and accrued expenses26,656 32,204 Due to related parties18,198 14,068 Other liabilities9,397 10,488 Total liabilities566,909 562,492 COMMITMENTS AND CONTINGENCIES (Note 15)REDEEMABLE PREFERRED STOCK: Series A1 cumulative redeemable preferred stock, $0.001 par value; 24,851,185 and 25,045,401 shares authorized as of March 31, 2025 and December 31, 2024, respectively; 913,630 and 913,590 shares issued and outstanding as of both March 31, 2025 and December 31, 2024; liquidation preference of $25.00 per share, subject to adjustment20,799 20,799 EQUITY:  Series A cumulative redeemable preferred stock, $0.001 par value; 31,200,554 and 31,305,025 shares authorized as of March 31, 2025 and December 31, 2024, respectively; 8,820,338 and 4,020,892 shares issued and outstanding, respectively, as of March 31, 2025 and 8,820,338 and 4,125,363 shares