Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 107

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 107
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 property expenses6,740 6,169 22,214 21,796 Segment net operating income—hotel850 973 9,692 9,355 Multifamily (1):Revenues3,875 4,773 11,910 14,971 Property expenses:Operating2,779 3,782 9,342 10,153 General and administrative135 78 304 212 Total property expenses2,914 3,860 9,646 10,365 Loss from unconsolidated entities(169)(405)(1,903)(929)Segment net operating income—multifamily792 508 361 3,677 Lending:Revenues2,218 2,724 6,686 7,928 Lending expenses:  Interest expense700 786 1,823 2,586 Expense reimbursements to related parties—lending segment679 672 2,016 1,908 General and administrative525 578 1,990 1,214 Total lending expenses1,904 2,036 5,829 5,708 Segment net operating income—lending314 688 857 2,220 Total segment net operating income$6,971 $7,588 $28,545 $37,444 (1)Beginning in the quarter ended December 31, 2024, the Company reclassified its investment in the 4750 Wilshire JV to include income from the investment in the multifamily segment from its previous classification in the office segment. This change corresponded with the 4750 Wilshire JV’s substantial completion of the 4750 Wilshire Project. In the above table, the Company’s income earned from its investment in the 4750 Wilshire JV prior to October 1, 2024 is included within the office segment and its income earned from its investment in the 4750 Wilshire JV subsequent to October 1, 2024 is included within the multifamily segment. In addition, beginning in the quarter ended December 31, 2024, the Company reclassified its consolidated property located at 4750 Wilshire Boulevard (Backlot) in Los Angeles, California to include the property in the multifamily segment, from its previous classification in the office segment. In the above table, activity related to 4750 Wilshire Boulevard (Backlot) occurring prior to October 1,