Company: CMCT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0000908311-25-000096
Chunk: 35

Company: Creative Media & Community Trust Corp
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 35
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Item 1.

Financial Statements

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets

(In thousands, except share and per share amounts) (Unaudited)

 September 30, 2025December 31, 2024ASSETS  Investments in real estate, net$702,671 $709,194 Investments in unconsolidated entities 32,601 33,677 Cash and cash equivalents17,320 20,262 Restricted cash30,907 32,606 Loans receivable, net (Note 5)51,517 56,210 Accounts receivable, net3,379 4,345 Deferred rent receivable and charges, net19,687 19,896 Other intangible assets, net3,427 3,568 Other assets10,317 9,797 TOTAL ASSETS$871,826 $889,555 LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY  LIABILITIES:  Debt, net$527,767 $505,732 Accounts payable and accrued expenses31,757 32,204 Due to related parties18,611 14,068 Other liabilities10,740 10,488 Total liabilities588,875 562,492 COMMITMENTS AND CONTINGENCIES (Note 15)REDEEMABLE PREFERRED STOCK: Series A1 cumulative redeemable preferred stock, $0.001 par value; 0 and 25,045,401 shares authorized as of September 30, 2025 and December 31, 2024, respectively; no shares issued or outstanding as of September 30, 2025 and 913,630 and 913,590 shares issued and outstanding, respectively, as of December 31, 2024; liquidation preference of $25.00 per share, subject to adjustment— 20,799 EQUITY:  Series A cumulative redeemable preferred stock, $0.001 par value; 31,200,554 and 31,305,025 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 8,820,338 and 4,020,892 shares issued and outstanding, respectively, as of September 30, 2025 and 8,820,338 and 4,125