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Creative Media & Community Trust Co. Q2 2023 Earnings Report

Creative Media & Community Trust Co. logo
$0.13 -0.02 (-14.54%)
(As of 12/20/2024 05:45 PM ET)

Creative Media & Community Trust Co. EPS Results

Actual EPS
-$1.05
Consensus EPS
$0.02
Beat/Miss
Missed by -$1.07
One Year Ago EPS
$0.11

Creative Media & Community Trust Co. Revenue Results

Actual Revenue
$32.76 million
Expected Revenue
$29.19 million
Beat/Miss
Beat by +$3.57 million
YoY Revenue Growth
N/A

Creative Media & Community Trust Co. Announcement Details

Quarter
Q2 2023
Time
Before Market Opens

Conference Call Resources

Conference Call Audio

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About Creative Media & Community Trust Co.

Creative Media & Community Trust Co. (NASDAQ:CMCT) (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments. The Company also owns one hotel in northern California and a lending platform that originates loans under the Small Business Administration (SBA) 7(a) loan program. The Company seeks to apply the expertise of CIM Group Management, LLC and its affiliates (collectively, CIM Group) to the acquisition, development and operation of premier multifamily properties and creative office assets that cater to rapidly growing industries such as technology, media and entertainment in vibrant and emerging communities throughout the United States.

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