Company: CMCT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0000908311-25-000067
Chunk: 102

Company: Creative Media & Community Trust Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 102
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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 71,192 Non-segment assets4,172 8,654 Total assets$885,024 $889,555 

(1)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