Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 121

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 121
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. Set forth and described below are summary segment results for our operating segments (dollar amounts in thousands).

 Six Months Ended June 30,Change 20252024$%Revenues:    Office$24,931 $28,712 $(3,781)(13.2)%Hotel$24,316 $24,009 $307 1.3 %Multifamily$8,035 $10,198 $(2,163)(21.2)%Lending$4,468 $5,204 $(736)(14.1)%Expenses:    Office$12,457 $13,260 $(803)(6.1)%Hotel$15,474 $15,627 $(153)(1.0)%Multifamily$6,732 $6,505 $227 3.5 %Lending$3,925 $3,672 $253 6.9 %Income (Loss) From Unconsolidated EntitiesOffice$146 $1,321 $(1,175)(88.9)%Multifamily$(1,734)$(524)$(1,210)NM*Non-Segment Revenue and Expenses:Interest and other income$234 $314 $(80)(25.5)%Asset management and other fees to related parties$(709)$(819)$110 (13.4)%Expense reimbursements to related parties - corporate$(1,517)$(1,217)$(300)24.7 %Interest expense$(18,811)$(16,403)$(2,408)14.7 %General and administrative$(1,953)$(2,171)$218 (10.0)%Transaction-related costs$(829)$(825)$(4)0.5 %Depreciation and amortization$(12,824)$(12,934)$110 (0.9)%Loss on early extinguishment of debt$(88)$— $(88)N/AImpairment of real estate$(221)$— $(221)N/AProvision for income taxes$(279)$(558)$279 (50.0)%______________________

(*)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 $24.9 million for the six months