Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 122

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 122
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 %Multifamily$3,875 $4,773 $(898)(18.8)%Lending$2,218 $2,724 $(506)(18.6)%Expenses:    Office$6,921 $7,566 $(645)(8.5)%Hotel$6,740 $6,169 $571 9.3 %Multifamily$2,914 $3,860 $(946)(24.5)%Lending$1,904 $2,036 $(132)(6.5)%Loss From Unconsolidated Entities:Office$(528)$(834)$306 (36.7)%Multifamily$(169)$(405)$236 (58.3)%Non-Segment Revenue and Expenses:Interest and other income$87 $158 $(71)(44.9)%Asset management and other fees to related parties$(331)$(515)$184 (35.7)%Expense reimbursements to related parties - corporate$(1,174)$(592)$(582)98.3 %Interest expense$(9,612)$(8,830)$(782)8.9 %General and administrative$(1,189)$(1,421)$232 (16.3)%Transaction-related costs$(598)$(526)$(72)13.7 %Depreciation and amortization$(7,345)$(6,423)$(922)14.4 %Gain on sale of real estate$679 $— $679 N/AProvision for income taxes$(74)$(15)$(59)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 $12.5 million for the three months ended September 30, 2025, compared to $13.8 million for the three months ended September 30, 2024. The decrease was primarily due to lower rental revenues at office properties in Oakland, California, San Francisco, California, and Los Angeles, California, each as a result of lower occupancy. 

Hotel Revenue: Hotel revenue increased to $7.6 million for the three months ended September 30, 2025, compared to $7.1 million for the three months ended September 30, 202