Creative Media & Community Trust Corp (OQ:CMCT)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 17950 Preston Rd Ste 600 DALLAS TX 75252-5656 |
| Tel: | N/A |
| Website: | https://www.creativemediacommunity.com |
| IR: | See website |
| Key People | ||
| David Thompson Chief Executive Officer | Barry N. Berlin Chief Financial Officer, Executive Vice President, Treasurer, Secretary | |
| Business Overview |
| Creative Media & Community Trust Corporation is a real estate investment trust. The Company is a vertically integrated community-focused real estate and infrastructure owner, operator, lender, and developer. The Company primarily acquires, develops, owns, and operates both premier multifamily properties situated in communities throughout the United States and Class A and creative office real assets in markets. Its segments consist of three types of commercial real estate properties, namely office, hotel and multifamily, as well as a segment for the Company's lending business. The products for the Company's office segment primarily include rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The products for the Company's hotel segment include operations of hotel properties. The loan segment includes sale of the government guaranteed portion of loans receivable and income from the yield on its loan's receivable. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Creative Media & Community Trust Corp revenues increased 17% to $119.3M. Net loss applicable to common stockholders increased from $25.8M to $75.7M. Revenues reflect Hotel properties segment increase of 17% to $41.1M, Lending segment increase of 6% to $11.5M. Higher net loss reflects Lending segment income decrease of 44% to $3.6M, Office properties segment income decrease of 3% to $28.4M. |
| Employees: | 5 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $973.83M as of Dec 31, 2023 |
| Annual revenue (TTM): | $119.26M as of Dec 31, 2023 |
| EBITDA (TTM): | $36.88M as of Dec 31, 2023 |
| Net annual income (TTM): | -$75.73M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$135.29M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $452.27M as of Dec 31, 2023 |
| Shares outstanding: | 22,786,741 as of Mar 21, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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