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Creative Media & Community Trust Corporation (CMCT)
NASDAQ:CMCT
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 09, 2025
|% Change Since: 57.10%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were notable achievements such as the full repayment of the credit facility and an increase in hotel NOI, the company also faced challenges with declining multifamily and lending NOI, and negative core FFO. Office leasing activity showed some positive trends, but overall segment NOI decreased. The sentiment of the call can be considered balanced.Company Guidance
In the first quarter of 2025, Creative Media & Community Trust Corporation focused on improving its financial stability and expanding its multifamily portfolio. The company successfully repaid and retired a $169 million recourse corporate credit facility and secured a floating rate mortgage on its Austin creative office campus. With 12 unencumbered assets, they aim to enhance financial flexibility. The multifamily portfolio now includes four operating assets, with a fifth set to launch in the third quarter, and there is potential for significant growth in net operating income through improved occupancy and rental rates. In terms of financial performance, the company's core FFO increased by $1.9 million from the prior quarter, driven by a $2.6 million rise in net operating income, primarily from the hotel segment, which saw a 15% year-over-year NOI increase. However, the multifamily segment's NOI decreased by $1.5 million, and the lending NOI dropped by $390,000 due to loan payoffs and lower interest rates. Additionally, the company executed new office leases totaling 30,000 square feet, with an office lease percentage of 71.4%.Full Repayment of Credit Facility
The company has fully repaid and retired its recourse corporate level credit facility, which had a balance of approximately $169 million, demonstrating progress on strategic initiatives.
Increase in Hotel Net Operating Income
The Sheraton Grand Sacramento hotel reported a 15% increase in net operating income on a year-over-year basis, driven by increased occupancy and average daily rate.
Office Leasing Activity Improvement
Leasing activity picked up in Los Angeles and Austin, with approximately 30,000 square feet of leases executed in the quarter and an office lease percentage of 71.4%.
Completion of Financing Program
The company successfully completed a refinancing program in a challenging environment, securing a floating rate mortgage on its creative office campus, contributing to financial flexibility.
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 09, 2025 | $6.55 | $6.59 | +0.61% |
Mar 07, 2025 | $18.75 | $17.97 | -4.16% |
Nov 08, 2024 | $98.12 | $94.50 | -3.69% |
Aug 08, 2024 | $534.24 | $529.33 | -0.92% |
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 07, 2025, TBA Not Confirmed.
What is Creative Media & Community Trust Corporation (CMCT) earnings time?
Creative Media & Community Trust Corporation (CMCT) earnings time is at Aug 07, 2025, TBA Not 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