Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 220

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 220
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 summary segment results for our operating segments (dollar amounts in thousands).

 Three Months Ended June 30,Change 20252024$%Revenues:    Office$11,877 $14,101 $(2,224)(15.8)%Hotel$11,635 $12,155 $(520)(4.3)%Multifamily$3,944 $5,449 $(1,505)(27.6)%Lending$2,090 $2,564 $(474)(18.5)%Expenses:    Office$6,533 $6,397 $136 2.1 %Hotel$7,477 $7,835 $(358)(4.6)%Multifamily$3,143 $3,116 $27 0.9 %Lending$2,137 $1,821 $316 17.4 %(Loss) Income From Unconsolidated Entities:Office$175 $1,204 $(1,029)(85.5)%Multifamily$(612)$(81)$(531)NM*Non-Segment Revenue and Expenses:Interest and other income$143 $170 $(27)(15.9)%Asset management and other fees to related parties$(349)$(425)$76 (17.9)%Expense reimbursements to related parties - corporate$(891)$(612)$(279)45.6 %Interest expense$(9,627)$(8,346)$(1,281)15.3 %General and administrative$(712)$(983)$271 (27.6)%Transaction-related costs$(803)$(135)$(668)NM*Depreciation and amortization$(6,264)$(6,456)$192 (3.0)%Loss on early extinguishment of debt$(88)$— $(88)N/AImpairment of real estate$(221)$— $(221)N/AProvision for income taxes$(158)$(288)$130 NM*______________________

(*)Percentage changes in excess of 100% are deemed to be not meaningful (“NM”)

Revenues

Office Revenue: Office revenue includes rental revenue, expense reimbursements and lease termination income from office properties. Office revenue decreased to $11.9 million for the three months ended June 30, 2025, compared to $14.1 million for the three months ended June 30,