Company: CMCT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000908311-25-000038
Chunk: 28

Company: Creative Media & Community Trust Corp
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 28
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Rental and other property income$17,220 $18,773 Hotel income12,134 11,264 Interest and other income2,941 3,961 Total Revenues32,295 33,998 EXPENSES:  Rental and other property operating17,125 17,981 Asset management and other fees to related parties          360 394 Expense reimbursements to related parties—corporate626 605 Expense reimbursements to related parties—lending segment659 563 Interest9,758 8,977 General and administrative2,181 1,619 Transaction-related costs26 690 Depreciation and amortization6,560 6,478 Total Expenses37,295 37,307 Loss from unconsolidated entities(1,151)(326)LOSS BEFORE PROVISION FOR INCOME TAXES(6,151)(3,635)Provision for income taxes121 270 NET LOSS(6,272)(3,905)Net loss attributable to non-controlling interests158 175 NET LOSS ATTRIBUTABLE TO THE COMPANY(6,114)(3,730)Redeemable preferred stock dividends declared or accumulated (Note 11)(5,484)(7,759)Redeemable preferred stock redemptions (Note 11)(300)(806)NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS$(11,898)$(12,295)NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE:  Basic$(20.73)$(125.46)Diluted$(20.73)$(125.46)WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:  Basic574 98 Diluted574 98 

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

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Table of Contents

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Statements of Equity

(In thousands, except share and per share amounts) (Unaudited)

 Three Months Ended March 31, 2025Common StockPreferred Stock SharesParValueSharesParValueAdditionalPaid-inCapitalDistributionsin Excess of EarningsTotal Stockholders’ EquityNon-controllingInterestsTotal EquityBalances, December 31, 2024466,180 $119 12,546,499 $311,903 $994,973 $(