Company: CMCT
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0000908311-25-000017
Chunk: 51

Company: Creative Media & Community Trust Corp
Filing Date: 2025-03-07
Form: 10-K
Item: Item 8
Chunk 51
---
,674 shares issued and outstanding as of December 31, 2023119 23 Additional paid-in capital994,973 852,476 Distributions in excess of earnings(1,002,479)(921,925)Total stockholders’ equity304,516 374,403 Noncontrolling interests1,748 2,366 Total equity306,264 376,769 TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY$889,555 $891,200 

The accompanying notes are an integral part of these consolidated financial statements.

F-4

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Statements of Operations

(In thousands, except per share amounts)

Year Ended December 31,20242023REVENUES:Rental and other property income$72,266 $66,002 Hotel income37,679 39,063 Interest and other income14,567 14,193 Total Revenues124,512 119,258 EXPENSES:Rental and other property operating67,962 62,493 Asset management and other fees to related parties1,797 2,627 Expense reimbursements to related parties—corporate2,281 2,342 Expense reimbursements to related parties—lending segment2,571 2,579 Interest36,872 35,098 General and administrative7,004 8,119 Transaction-related costs1,382 4,421 Depreciation and amortization27,373 52,484 Loss on early extinguishment of debt (Note 7)1,416 — Total Expenses148,658 170,163 Loss from unconsolidated entities(806)(427)Gain on sale of real estate (Note 3)— 1,104 LOSS BEFORE PROVISION FOR INCOME TAXES(24,952)(50,228)Provision for income taxes798 1,228 NET LOSS(25,750)(51,456)Net loss attributable to noncontrolling interests575 2,971 NET LOSS ATTRIBUTABLE TO THE COMPANY(25,175)(48,485)Redeemable preferred stock dividends declared or accumulated (Note 11)(29,686)(25,731)Redeemable preferred stock deemed dividends (Note 11)(755)— Redeemable preferred stock redemptions (Note