Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 69

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 69
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30, 2025 (Unaudited) – (Continued)

6. OTHER INTANGIBLE ASSETS AND LIABILITIESA schedule of the Company’s intangible assets and liabilities and related accumulated amortization and accretion as of September 30, 2025 and December 31, 2024 is as follows (in thousands): September 30, 2025December 31, 2024Intangible assets:Acquired in-place leases, net of accumulated amortization of $1,843 and $5,195, respectively, with an average useful life of 2 and 6 years, respectively.$470 $610 Acquired above-market leases, net of accumulated amortization of $0 and $36, respectively, with an average useful life of 0 and 7 years, respectively.— 1 Trade name and license2,957 2,957 Total intangible assets, net$3,427 $3,568 Amortization of the acquired above-market leases is recorded as a reduction to rental and other property income, and amortization of the acquired in-place leases is included in depreciation and amortization in the accompanying consolidated statements of operations. Amortization of the acquired below-market leases is recorded as an increase to rental and other property income in the accompanying consolidated statements of operations. During the three and nine months ended September 30, 2025 and 2024, the Company recognized amortization related to its intangible assets and liabilities as follows (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Acquired above-market lease amortization$— $1 $1 $4 Acquired in-place lease amortization$31 $94 $140 $281 A schedule of future amortization and accretion of acquired intangible assets and liabilities as of September 30, 2025, is as follows (in thousands): AssetsYears Ending December 31,AcquiredIn-PlaceLeases2025 (Three months ending December 31, 2025)$30 2026123 2027123 2028122 202972 Thereafter— $470 

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

7. DEBTThe