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Creative Media ( (CMCT) ) has shared an announcement.
Creative Media & Community Trust Corporation announced a net loss of $34.8 million for Q3 2024, amidst efforts to focus on premier multifamily assets and improve liquidity. The company experienced a decline in office occupancy and net operating income due to increased expenses and construction impacts. While hotel renovations and multifamily developments are progressing, CMCT aims to regain Nasdaq compliance after its stock price fell below $1.00 per share for over 30 days.
For a thorough assessment of CMCT stock, go to TipRanks’ Stock Analysis page.