CIM Commercial Trust

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. The company invests in creative offices, acquiring and developing properties catering to rapidly growing industries such as technology, media, and entertainment. CMCT seeks to apply the expertise of the CIM Group to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment characteristics to its creative office investments. CMCT is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities. Creative Media & Community Trust Corp. operates through the following segments: Office, Hotel, and Lending. The Office segment consists of the rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment is involved in the operation of hotel properties. The Lending segment originates loans to small businesses. The company was founded in 1979 and is headquartered in Dallas, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CMCT reports robust Q1 performance, eyes growth amid challenges

CMCT's Q1 2023 earnings call highlighted strong performance in multifamily acquisitions and construction, alongside positive leasing updates and financial management.
While challenges like office NOI decline and uncertainties in occupancy stabilization exist, opportunities in portfolio expansion and strategic decision-making are evident.
The company's focus on key markets and operational resilience position it well to navigate challenges and capitalize on growth opportunities in the real estate sector.

CMCT reports strong Q2 performance with growth opportunities ahead

CMCT's Q2 2023 earnings call highlighted positive operational and financial performance, with progress in asset occupancy and development projects.
While facing challenges related to lease agreements and capital structure, CMCT has opportunities for growth through development advancements and strategic initiatives.
Overall, CMCT's focus on improving operational efficiency and financial stability positions the company well for future growth and value creation.

CMCT reports stable performance and growth opportunities in Q3

CMCT's Q3 2023 performance showcased stability in office lease and strong liquidity.
Challenges include increased interest expense impacting FFO and core FFO.
Opportunities lie in multifamily portfolio growth and development pipeline progress.
Overall, CMCT's strategic moves position them well for future growth and stability.

CMCT reports mixed Q4 results, optimistic about multifamily growth

CMCT's Q4 2023 earnings call highlighted progress in multifamily occupancy and development projects, alongside stable leasing percentages. Despite challenges in segment NOI and FFO, the company remains optimistic about growth opportunities in the multifamily sector.

CMCT reports improved Q1 results, faces challenges, eyes growth

CMCT's Q1 2024 performance showed strength in office and hotel segments, with improvements in same-store NOI and stable quarter-over-quarter results.
Challenges include the impact of elevated short-term interest rates and the need to address concerns raised by analysts regarding various operational aspects.
Opportunities for growth exist through optimizing asset sales, leveraging the development pipeline, and implementing strategic initiatives to enhance financial performance.

CMCT focuses on multifamily growth amidst financial challenges in Q3

CMCT's Q3 2024 performance reflected a strategic shift towards multifamily assets.
While challenges like declining office lease percentage and negative FFO exist, opportunities for refinancing and capital optimization are present.
The company's focus on portfolio rebalancing and creating additional capital signals a proactive approach to enhancing shareholder value.

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Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending. The Office segment consists of the rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment involves the operation of hotel properties. The Lending segment focuses on loans to small businesses. The company was founded in 1993 and is headquartered in Dallas, TX.

DALLAS--(BUSINESS WIRE)--Creative Media & Community Trust Corporation reports operating results for the three and six months ended June 30, 2022.

Creative Media & Community Trust Corporation Reports 2022 Second Quarter Results

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its second quarter 2022 earnings results on Tuesday, August 9, 2022. A conference call is scheduled for 12:00 p.m. Eastern Time that day to discuss CMCT's financial results and business. The call will be hosted by Shaul Kuba, Board Member and a Co-Founder of CIM Group, David Thompson, Chief Executive Officer, Nate DeBacker, Chief

Creative Media & Community Trust Announces Date for Its Second Quarter 2022 Earnings Release and Conference Call

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust Corporation Board of Directors authorizes repurchase program of up to $10 M of the Company's common stock.

Creative Media & Community Trust Announces $10 Million Share Repurchase Program

CIM Commercial Trust Corp - SU PRF PERPETUAL ILS 100 - Ser L

Creative Media & Community Trust Corporation (NASDAQ:CMCT ) Q1 2022 Earnings Conference Call May 11, 2022 11:00 AM ET Company Participants Steve Altebrando - Shareholder Relations David Thompson - Chief Executive Officer Shaul Kuba - Co-Founder, CIM Group Nathan DeBacker - Chief Financial Officer Conference Call Participants Craig Kucera - B. Riley Securities Operator Good day and welcome to the Creative Media & Community Trust Corporation First Quarter 20212 Earnings Call.

Creative Media & Community Trust Corporation (CMCT) CEO David Thompson on Q1 2022 Earnings Call Transcript

DALLAS, Texas--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) NASDAQ: CMCT reports operating results for Q1 2022.

Creative Media & Community Trust Corporation Reports 2022 First Quarter Results

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its first quarter 2022 earnings results on Wednesday, May 11, 2022. A conference call is scheduled for 11:00 a.m. Eastern Time that day to discuss CMCT's financial results and business. David Thompson, Chief Executive Officer, will host the call, along with Shaul Kuba, Board Member and a Co-Founder of CIM Group, Steve Altebrando,

Creative Media & Community Trust Announces Date for Its First Quarter 2022 Earnings Release and Conference Call

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The Office REIT sector has been an upside surprise thus far in 2022.

Picking A Winner In Office REITs

LOS ANGELES--(BUSINESS WIRE)--CMCT acquires 3101 S. Western Ave., a 0.26-acre parcel in Los Angeles for $2.3 million – plans to develop 45 unit apt bldg.

CMCT Acquires Parcel for Apartment Development in Los Angeles' Jefferson Park Neighborhood

Creative Media & Community Trust Corporation (CMCT) CEO David Thompson on Q4 2021 Earnings Call Transcript

DALLAS--(BUSINESS WIRE)--Creative Media & Community Trust (formerly CIM Commercial Trust Corporation) reports operating results for the 3 months and year ended 12/31/21.

Creative Media & Community Trust Corporation Reports 2021 Fourth Quarter Results

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its fourth quarter 2021 earnings results on Wednesday, March 16, 2022. A conference call is scheduled for 1:00 p.m. Eastern Time that day to discuss CMCT's financial results and business. David Thompson, Chief Executive Officer, will host the call, along with Shaul Kuba, Board Member and a Co-Founder of CIM Group, Stev

Creative Media & Community Trust Announces Date for Its Fourth Quarter 2021 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--CMCT has declared 1/4ly cash dividend of $0.085 per share of common stock, an approximate 13% increase from the prior quarter, to be paid 4/1/22.

CMCT Increases Common Stock Dividend

LOS ANGELES--(BUSINESS WIRE)--CMCT invests $51M in 1910 W Sunset to transform 99,000 sf building into creative office, in Echo Park area of Los Angeles.

CMCT Invests in Echo Park, Los Angeles

LOS ANGELES--(BUSINESS WIRE)--CMCT brings renowned Lisson Gallery to Los Angeles in Sycamore District, industrial-style bldg. being renovated for the gallery

CMCT Signs Long-Term Lease with Internationally Renowned Lisson Gallery for First Los Angeles Location

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation announces that CMCT manager, CIM Group, agrees to a fee waiver, expected to reduce mgmt. fee by approximately 55%

CIM Commercial Trust Announces Significant Reduction in Management Fee

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation declares a quarterly cash dividend of $0.075 per common share to be paid on January 5, 2022

CIM Commercial Trust Declares Common and Preferred Stock Dividends

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation reports operating results for the three and nine months ended September 30, 2021.

CIM Commercial Trust Corporation Reports 2021 Third Quarter Results

CIM Commercial Trust has recently demonstrated some improved financial performance. This is good for shareholders, but the company is still in a bad spot, and it is speculative whether this trend will continue.

CIM Commercial Trust: A Glimmer Of Hope But Too Speculative Nonetheless

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation reports operating results for the three and six months ended June 30, 2021.

CIM Commercial Trust Corporation Reports 2021 Second Quarter Results

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Ventas

The REIT sector has achieved a positive total return in every single month of the first half of 2021, including a +2.97% average return in June. Micro cap REITs (+6.05%) led in June, outperforming their larger peers in back to back months. Mid caps (+1.70%) underperformed again in June.

The State Of REITs: July 2021 Edition

CIM Commercial Trust is a child of the real estate empire CIM Group.

CIM Commercial Trust: The Empire Strikes Back

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation Raises $78.8 million in Rights Offering

CIM Commercial Trust Corporation Raises $78.8 million in Rights Offering

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust announces operator and manager, subsidiaries of CIM Group, intend to subscribe up to approx 6M shares in Rights Offering

CIM Commercial Trust Announces that its Operator and Manager, Subsidiaries of CIM Group, Intend to Subscribe for an Aggregate of up to Approximately Six Million Shares in the Rights Offering

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corp reaffirmed rights offering - subscription period open, expires at 4pm New York time, June 23, 2021 /unless extended by CMCT

CIM Commercial Trust Reaffirms its Previously Announced Rights Offering to Expire on June 23

CIM Commercial Trust Corp. has been a rather unattractive prospect for the past few years. The company's condition could certainly be better and the pain shows no signs of stopping.

CIM Commercial Trust Corp.: A Speculative Play

News for CIM Commercial Trust Stock (CMCT)