Creative Media & Community Trust Corporation (CMCT)

In the past six months, CMCT announced a definitive agreement to sell its lending division to PG FR Holding, LLC, for an estimated $44 million, leading to a substantial increase in the stock price. As of November 19, 2025, the stock price was $12.88 per share, a 223.80% increase from $3.98 per share on November 20, 2024. In April 2025, CMCT executed a 1-for-25 reverse stock split. In Q3 2025, CMCT reported a net loss of $(17.7) million and an adjusted EPS of $(23.52), with total segment net operating income (NOI) at $7.0 million. In Q2 2025, CMCT noted a year-to-date uptick in office leasing activity, executing 140,000 square feet of office leases. In Q1 2025, multifamily NOI decreased, while lending NOI declined, but the hotel segment recorded a 15% year-over-year NOI growth.

The multifamily segment has experienced lower occupancy during winter months, leading to a decrease in Net Operating Income (NOI). The third quarter is typically a seasonally slower period for the Hotel segment, and hotel operations have been impacted by renovations. The performance of the lending division is sensitive to interest rates and loan payoffs, which can lead to fluctuations in interest income.

Creative Media & Community Trust Corp. (CMCT) is a real estate investment trust (REIT) focused on owning, operating, and developing multifamily and creative office assets in dynamic communities across the United States. The company operates through Office, Hotel, and Lending segments, focusing on rental of office spaces, hotel operations, and a lending platform, with the lending division currently being sold. CMCT aims to acquire and develop properties that cater to rapidly growing industries such as technology, media, and entertainment.

CMCT's real estate portfolio is situated in vibrant communities throughout the United States, including Los Angeles, Austin, and the Bay Area (specifically Oakland, California). As of September 30, 2025, the company's real estate portfolio comprised 27 assets, including fee-simple properties and investments in unconsolidated joint ventures.

CMCT is undergoing a strategic transformation, shifting its focus towards premier multifamily assets and divesting its lending division to strengthen its balance sheet and improve liquidity. The increase in office leasing activity and the nearing completion of hotel renovations suggest efforts to enhance asset performance and appeal. The company's ability to refinance debt and reduce recourse debt also reflects positively on its financial management. However, the reported net losses and decreased NOI in some segments indicate ongoing challenges in certain market conditions.

Creative Media & Community Trust Corporation's ownership structure includes institutional, insider, and retail investors. Approximately 1.44% to 1.62% of the company's stock is owned by Institutional Investors, 4.50% by Insiders, and around 93.88% by Public Companies and Individual Investors. Major institutional owners include Cambridge Investment Research Advisors, Inc., Harel Insurance Investments & Financial Services Ltd., FSMAX - Fidelity Extended Market Index Fund, Advisor Group Holdings, Inc., FCFMX - Fidelity Series Total Market Index Fund, CIM Real Assets & Credit Fund, Tower Research Capital LLC (TRC), Bank Of America Corp /de/, BlackRock, Inc., and VEXMX - Vanguard Extended Market Index Fund Investor Shares. Douglas Bech owns the most shares of CMCT.