Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 33

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 33
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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)

 June 30, 2025December 31, 2024ASSETS  Investments in real estate, net$704,775 $709,194 Investments in unconsolidated entities 33,298 33,677 Cash and cash equivalents27,769 20,262 Restricted cash30,089 32,606 Loans receivable, net (Note 5)51,094 56,210 Accounts receivable, net4,126 4,345 Deferred rent receivable and charges, net19,155 19,896 Other intangible assets, net3,458 3,568 Other assets11,260 9,797 TOTAL ASSETS$885,024 $889,555 LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY  LIABILITIES:  Debt, net$535,605 $505,732 Accounts payable and accrued expenses25,342 32,204 Due to related parties13,931 14,068 Other liabilities9,372 10,488 Total liabilities584,250 562,492 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 June 30, 2025 and December 31, 2024, respectively; 548,876 shares issued and outstanding, respectively, as of June 30, 2025 and 913,630 and 913,590 shares issued and outstanding, respectively, as of December 31, 2024; liquidation preference of $25.00 per share, subject to adjustment12,504 20,799 EQUITY:  Series A cumulative redeemable preferred stock, $0.001 par value; 31,200,554 and 31,305,025 shares authorized as of June 30, 2025 and December 31, 2024, respectively; 8,820,338 and 4,020,892 shares issued and outstanding, respectively, as of June 30, 2025