Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 207

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 207
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 JV and 1015 N Mansfield JV are included within the office segment, while activity related to the 1902 Park JV is included in the multifamily segment. 

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

A reconciliation of segment net operating income to net income attributable to the Company for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands): Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Total segment net operating income$9,819 $16,223 $21,574 $29,856 Interest and other income143 170 234 314 Asset management and other fees to related parties(349)(425)(709)(819)Expense reimbursements to related parties—corporate(891)(612)(1,517)(1,217)Interest expense(9,627)(8,346)(18,811)(16,403)General and administrative(712)(983)(1,953)(2,171)Transaction-related costs(803)(135)(829)(825)Depreciation and amortization(6,264)(6,456)(12,824)(12,934)Loss on early extinguishment of debt(88)— (88)— Impairment of real estate(221)— (221)— Loss before benefit (provision) for income taxes(8,993)(564)(15,144)(4,199)Provision for income taxes(158)(288)(279)(558)Net loss(9,151)(852)(15,423)(4,757)Net loss attributable to non-controlling interests152 56 310 231 Net loss attributable to the Company$(8,999)$(796)$(15,113)$(4,526)The condensed assets for each of the segments as of June 30, 2025 and December 31, 2024 are as follows (in thousands): June 30, 2025December 31, 2024Condensed assets:  Office (1)$422,106 $421,438 Hotel113,590 108,963 Multifamily (1)274,307 279,308 Lending70,849 71,