Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 100

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 100
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 oversight of CIM. The CODM evaluates performance and allocates resources based on segment net operating income (loss). All expense categories on the statement of operations are significant and there are no other significant segment expenses that would require disclosure. The CODM uses net operating income (loss) to make key operating decisions, such as identifying attractive investment opportunities, evaluating underwriting standards, determining the appropriate level of leverage to enhance returns on equity and deciding on the sources of financing. 

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

The net operating income (loss) of the Company’s segments for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands): Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Office (1): Revenues$11,877 $14,101 $24,931 $28,712 Property expenses:    Operating6,444 6,331 12,080 13,190 General and administrative89 66 377 70 Total property expenses6,533 6,397 12,457 13,260 Income from unconsolidated entities175 1,204 146 1,321 Segment net operating income—office5,519 8,908 12,620 16,773 Hotel:    Revenues11,635 12,155 24,316 24,009 Property expenses:    Operating7,470 7,831 15,456 15,616 General and administrative7 4 18 11 Total property expenses7,477 7,835 15,474 15,627 Segment net operating income—hotel4,158 4,320 8,842 8,382 Multifamily (1):Revenues3,944 5,449 8,035 10,198 Property expenses:Operating3,060 3,034 6,563 6,371 General and administrative83 82 169 134 Total property expenses3,143 3,116 6,732 6,505 Loss from unconsolidated entity(612)(81)(1,734)(524)Segment net operating income