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Creative Media
(NASDAQ:CMCT)
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Rating:48Neutral
Price Target:
$4.50
▲(60.71% Upside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak financial performance (large losses, negative TTM operating/free cash flow, and high leverage). Offsetting this, technicals are improving with positive momentum and price above key moving averages, and the latest earnings call indicated operational progress and expected FFO improvement, though results are still negative and refinancing/Oakland uncertainty remains. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Multifamily Recovery
The sharp occupancy and NOI recovery strengthens recurring property income. In-place rents remain about 12% below asking rents, creating potential embedded growth as leases renew and Bay Area demand stays resilient.
Negative Factors
High Leverage and Refinancing Risk
Heavy leverage relative to the equity base increases interest-rate and refinancing sensitivity. The risk is especially material for an office-exposed REIT, where property values and lender appetite can remain pressured.
Read all positive and negative factors
Positive Factors
Negative Factors
Multifamily Recovery
The sharp occupancy and NOI recovery strengthens recurring property income. In-place rents remain about 12% below asking rents, creating potential embedded growth as leases renew and Bay Area demand stays resilient.
Read all positive factors
Creative Media (CMCT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.21M
Dividend YieldN/A
Average Volume (3M)2.29M
Price to Earnings (P/E)―
Beta (1Y)3.84
Revenue Growth-3.82%
EPS Growth90.89%
CountryUS
Employees5
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-109.27
Shares Outstanding2,947,493
10 Day Avg. Volume6,729,590
30 Day Avg. Volume2,286,183
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.28
Price to Sales (P/S)2.92
P/FCF Ratio-22.73
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-80.79
Revenue Forecast (FY)$108.00M
Creative Media Business Overview & Revenue Model
Company Description
Creative Media & Community Trust Corporation (CMCT) is a real estate investment trust. It owns, operates and develops premier multifamily and creative office assets in vibrant communities throughout the United States. CMCT is a leader in creative ...
How the Company Makes Money
CMCT primarily makes money by owning and operating income-producing commercial real estate. Its core revenue stream is rental income collected from tenants under lease agreements (base rent and, where applicable, reimbursements/expense recoveries ...
Creative Media Earnings Call Summary
Earnings Call Date:Aug 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call conveyed clear operational improvements — notably a strong multifamily recovery (high occupancy and a 238% multifamily NOI increase), improving hotel performance after renovations, higher leased office occupancy outside Oakland, and meaningful improvements in FFO/Core FFO driven by reduced preferred dividends. However, results were tempered by significant noncash losses from unconsolidated entities (~$2.8 million), an Office NOI decline driven by JV fair value adjustments, ongoing negative FFO/Core FFO (though improved), and refinancing uncertainty at the Oakland office. Management emphasized balance sheet strengthening and active refinancing/asset-sale strategies to close valuation gaps.Positive Updates
Multifamily Recovery and Major NOI Gain
Multifamily same-store occupancy reached 95.3% as of June 30, 2026 (management also cited 96.1% at company properties), up ~1,190–1,200 basis points year-over-year; multifamily NOI increased 238% year-over-year. In-place rents at Bay Area multifamily properties are ~12% below current asking rents, providing upside as leases roll to market.
Negative Updates
Increased Loss from Unconsolidated Entities
Loss from unconsolidated entities was $3.2 million in Q2 2026 versus $437,000 in Q2 2025 — an increase of ~$2.8 million — primarily driven by fair value adjustments and large noncash items, which materially depressed reported Segment NOI and overall results.
Read all updates
Q2-2026 Updates
Positive
Negative
Multifamily Recovery and Major NOI Gain
Multifamily same-store occupancy reached 95.3% as of June 30, 2026 (management also cited 96.1% at company properties), up ~1,190–1,200 basis points year-over-year; multifamily NOI increased 238% year-over-year. In-place rents at Bay Area multifamily properties are ~12% below current asking rents, providing upside as leases roll to market.
Read all positive updates
Company Guidance
Management's guidance was that they expect FFO to improve in 2026–2027 as operating trends strengthen across multifamily, office and hotel assets: excluding a $2.8M increase in JV losses consolidated NOI rose 22% YoY and core FFO improved by $3.6M. Q2 segment NOI was $9.3M (or $12.5M excluding loss from unconsolidated entities) versus $9.8M a year ago (or $10.3M ex‑loss); loss from unconsolidated entities was $3.2M (vs $0.437M). Reported FFO was negative $3.5M (‑$1.28/diluted share) and Core FFO negative $3.4M (‑$1.25/share), aided by a $4.3M reduction in preferred dividends and $0.8M lower transaction costs. Multifamily strength was highlighted: same‑store occupancy 95.3% (up 1,190 bps), CMCT multifamily occupancy ~96.1% (up >1,200 bps), multifamily segment occupancy 93.6% (vs 83.4% a year ago), multifamily NOI +238% (segment NOI $638k vs $189k) and in‑place rents ~12% below asking. Office leasing improved (≈16,000 sq ft executed; leased occupancy ex‑Oakland 84.4%, up 470 bps) though office NOI fell to $4.0M from $5.5M largely due to fair‑value adjustments; hotel NOI rose 11% (Q2 hotel NOI $4.6M vs $4.2M) after renovation of all 505 guestrooms (with a potential +8 rooms opportunity). Balance‑sheet actions include extending the 1150 Clay mortgage to mid‑2027, pursuing refinancing of the Sheraton Grand, and ongoing resolution of the matured Oakland office mortgage (that asset generated ≈$445k of income after debt service in Q2).Creative Media Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
36
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 113.78M | 116.67M | 124.51M | 119.26M | 101.91M | 90.93M |
| Gross Profit | -13.60M | -11.98M | 51.70M | 51.84M | 47.53M | 47.68M |
| EBITDA | 25.15M | 28.19M | 39.65M | 37.54M | 37.18M | 31.74M |
| Net Income | -42.09M | -39.00M | -25.18M | -48.48M | 5.92M | -850.00K |
Balance Sheet | ||||||
| Total Assets | 782.94M | 859.19M | 889.55M | 891.20M | 690.25M | 660.87M |
| Cash, Cash Equivalents and Short-Term Investments | 12.77M | 15.44M | 20.26M | 19.29M | 46.19M | 22.31M |
| Total Debt | 498.77M | 509.77M | 505.73M | 471.56M | 184.27M | 201.15M |
| Total Liabilities | 536.98M | 592.94M | 562.49M | 514.43M | 312.52M | 249.53M |
| Stockholders Equity | 245.27M | 265.36M | 325.31M | 374.40M | 377.36M | 410.99M |
Cash Flow | ||||||
| Free Cash Flow | -29.85M | -15.00M | -6.24M | -1.33M | 23.59M | 42.23M |
| Operating Cash Flow | -15.48M | 5.79M | 17.03M | 12.00M | 32.41M | 46.28M |
| Investing Cash Flow | 33.94M | -16.40M | -22.29M | -88.69M | -22.27M | -12.70M |
| Financing Cash Flow | -39.60M | -4.57M | 13.90M | 63.45M | 13.69M | -43.58M |
Creative Media Risk Analysis
Creative Media disclosed 2 risk factors in its most recent earnings report. Creative Media reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Creative Media Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
49 Neutral | $162.58M | -1.69 | -14.88% | 3.08% | -6.53% | -20.91% | |
48 Neutral | $15.21M | -0.05 | -14.94% | ― | -3.82% | 90.89% | |
45 Neutral | $22.30M | 1.42 | -35.64% | ― | -38.85% | ― | |
44 Neutral | $46.40M | -1.09 | -6.97% | 9.09% | -5.02% | 21.97% |
* Real Estate Sector Average
CMCT
Creative Media
5.25
-608.75
-99.14%
FSP
Franklin Street Properties
0.44
-1.24
-74.09%
NYC
New York City REIT
6.94
-4.06
-36.91%
ONL
Orion Office REIT
2.84
0.14
5.26%
NLOP
Net Lease Office Properties
11.61
0.99
9.35%
Creative Media Corporate Events
Business Operations and StrategyFinancial Disclosures
Creative Media Reports Narrowed Loss, Strong Operational Progress
Positive
Aug 14, 2026
For the second quarter ended June 30, 2026, CMCT reported a narrowed net loss attributable to common stockholders of $11.0 million, or $4.03 per diluted share, driven mainly by lower preferred stock dividends despite modestly weaker segment net op...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.