Creative Media & Community Trust Corporation (CMCT)
NASDAQ:CMCT
Want to see CMCT full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-1,894Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call communicates meaningful strategic and operational progress — notably a transformational preferred redemption expected to boost annual FFO by ~$16 million, a shift to asset-based financing with minimal recourse debt, sale of the lending division for net cash proceeds, and strong multifamily occupancy and market fundamentals — but also reports near-term financial headwinds: a sharp negative FFO in Q1 driven by increased preferred dividends and lower segment NOI, temporary hotel disruptions, and uncertain refinancing outcomes on select assets. Overall, the company highlights a clear plan to translate balance sheet and operational improvements into better FFO over 2026–2027, while acknowledging current short-term weakness.Company Guidance
Preferred Stock Redemption Strengthens Capital Structure
Redeemed $243 million of preferred stock into common stock during Q1 2026 (and $396 million since Sept 2024). Management expects the redemption to increase annual FFO by approximately $16 million beginning in 2026, with the full benefit starting in Q2 2026.
Shift to Asset-Based Financing and Reduced Recourse Debt
Completed financings on nine assets and fully retired the recourse credit facility, resulting in minimal recourse debt and improved financial flexibility and risk profile.
Sale of Lending Division Generates Cash and Gain
Sold lending business (First Western) in January 2026 for approximately $44.9 million; net cash proceeds to the company were approximately $31 million after debt repayment and transaction expenses, and recognized a gain on sale of $1.7 million.
Multifamily NOI and Occupancy Improvements
Excluding joint ventures, multifamily NOI increased 64% year-over-year. Overall multifamily occupancy improved to 89.6% at quarter-end (up 940 basis points year-over-year). Oakland multifamily occupancy rose to 91.9% (up 860 basis points).
Strong Market Fundamentals in San Francisco and Bay Area
Downtown San Francisco rent growth: 7.6% in 2025 and ~7% in 2026; vacancy dropped to 4.3% in SF (lowest in nearly 20 years). Oakland vacancy declined to 7.8% (from ~18% peak in 2021), with rent growth turning positive in 2025 and +2.9% in 2026.
Office Leasing Momentum and Improved Lease Rates
Executed ~20.162 thousand square feet of leases in Q1 2026. Excluding one Oakland office asset, office lease percentage was 85.7% (up 470 basis points year-over-year), with particular leasing activity in Los Angeles and Austin.
Hotel Renovation Completed, Positioning for Recovery
Completed full renovation of all 505 guest rooms and substantially completed public space renovations at the Sacramento hotel, positioning the asset for improved performance in 2026; management evaluating conversion to add eight guest rooms to be accretive.
Undepreciated Book Value Per Share Indicates Asset Value
Undepreciated book value was approximately $147 per share at quarter-end, cited by management as evidence of underlying portfolio value and potential upside to intrinsic value.
CMCT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMCT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $6.52 | $6.00 | -7.98% |
Mar 09, 2026 | $229.00 | $198.00 | -13.54% |
Nov 14, 2025 | $678.00 | $925.00 | +36.43% |
Jun 30, 2025 | $885.00 | $804.00 | -9.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Creative Media & Community Trust Corporation (CMCT) report earnings?
Creative Media & Community Trust Corporation (CMCT) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Creative Media & Community Trust Corporation (CMCT) earnings time?
Creative Media & Community Trust Corporation (CMCT) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMCT EPS forecast?
Currently, no data Available