Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 237

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 237
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,061)(20.4)%Lending$6,686 $7,928 $(1,242)(15.7)%Expenses:    Office$19,378 $20,826 $(1,448)(7.0)%Hotel$22,214 $21,796 $418 1.9 %Multifamily$9,646 $10,365 $(719)(6.9)%Lending$5,829 $5,708 $121 2.1 %(Loss) Income From Unconsolidated EntitiesOffice$(382)$487 $(869)NM*Multifamily$(1,903)$(929)$(974)NM*Non-Segment Revenue and Expenses:Interest and other income$321 $472 $(151)(32.0)%Asset management and other fees to related parties$(1,040)$(1,334)$294 (22.0)%Expense reimbursements to related parties - corporate$(2,691)$(1,809)$(882)48.8 %Interest expense$(28,423)$(25,233)$(3,190)12.6 %General and administrative$(3,142)$(3,592)$450 (12.5)%Transaction-related costs$(1,427)$(1,351)$(76)5.6 %Depreciation and amortization$(20,169)$(19,357)$(812)4.2 %Loss on early extinguishment of debt$(88)$— $(88)N/AImpairment of real estate$(221)$— $(221)N/AGain on sale of real estate$679 $— $679 N/AProvision for income taxes$(353)$(573)$220 (38.4)%______________________

(*)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 $37.4 million for the nine months ended September 30, 2025, compared to $42.5 million for the nine months ended September 30, 2024. The decrease was primarily due to a decrease in rental revenues at office properties in Oakland, California, Los Angeles, California, and San Francisco, California as a result of lower occupancies, partially offset by an increase in rental revenues