Creative Media Q4 EPS $(0.72) Misses $(0.48) Estimate, Sales $29.47M Miss $30.20M Estimate

3/27/24 11:44:58 PM ET

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Creative Media (NASDAQ:CMCT) reported quarterly losses of $(0.72) per share which missed the analyst consensus estimate of $(0.48) by 50 percent. This is a 84.62 percent decrease over losses of $(0.39) per share from the same period last year. The company reported quarterly sales of $29.47 million which missed the analyst consensus estimate of $30.20 million by 2.42 percent. This is a 13.92 percent increase over sales of $25.87 million the same period last year.

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Recent Analyst Ratings for
$CMCT

Date	Price Target	Rating	Analyst
4/11/2024	$4.00	Neutral	B. Riley Securities
9/29/2022	$9.00	Buy	Edward Jones
10/20/2021	$13.00	Buy	B. Riley Securities

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$CMCT
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CMCT Names Shaul Kuba Chief Investment Officer
CMCT (NASDAQ & TASE: CMCT) announced today the appointment of Shaul Kuba as Chief Investment Officer. Mr. Kuba will direct the continued expansion of CMCT's portfolio of highly amenitized, premier multifamily and creative office assets in dynamic, high barrier to entry markets. Recently, CMCT announced that it is acquiring 696 apartment units across three assets in Los Angeles and the Bay Area. Further, CMCT has a pipeline of multifamily development opportunities, on land it owns, representing more than 1,500 units. As part of CMCT's strategy, CMCT leverages the global partner and investor relationships and the development capabilities of CIM Group, its manager, to execute on CMCT's pipel
3/20/23 8:00:00 AM ET
$CMCT
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Lionbridge and Robotti Nominate Slate of Highly Qualified Candidates for Election to CMCT's Board
NEW YORK, Jan. 13, 2021 /PRNewswire/ -- Lionbridge Capital, LP, and Robotti & Company Advisors LLC (together with its affiliates, the "Nominating Stockholders" or "they") with an ownership interest of approximately 5.0% of CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ: CMCT) today announced that they have nominated a slate of six highly qualified candidates for election to the CMCT Board of Directors (the "Board") at the Company's 2021 Annual Meeting: Thomas D. Ferguson, Mark C. Gelnaw, Raymond V. Marino II, John S. Moran, Gregory M. Morillo, and James O'Leary. The Nominating Stockholders also announced today that they have delivered a letter to the Board which incl
1/13/21 4:12:00 PM ET
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CIM Commercial Trust Declares Common and Preferred Stock Dividends
DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on December 29, 2020 to Stockholders of record at the close of business on December 14, 2020. In addition, the Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2021. The divi
12/2/20 6:55:00 PM ET
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CMCT Completes Office to Residential Conversion Bringing 68 Luxury Apartments Above Existing Ground Floor Office Space to Los Angeles
CMCT (NASDAQ:CMCT) announced today that it has completed the conversion of the top two floors of a three-story, approximately 143,000-square-foot office building, at 4750 Wilshire Blvd., into 68 luxury apartment residences in the prominent Brookside neighborhood within the Park Mile Specific Plan of Los Angeles. Leasing at the property has commenced. Retaining approximately 30,000 square feet of ground floor creative office space, which is 100 percent leased as-of September 2024, creates a stacked mixed-use office and residential environment. The office space will maintain the address of 4750 Wilshire Blvd. while the apartments will have the address of 701 S. Hudson Ave. The beautifully a
9/18/24 9:00:00 AM ET
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CMCT Announces Actions to Accelerate Focus Towards Premier Multifamily Assets
The Board of Directors Declares $0.04 Per Share Quarterly Common Dividend Payable in Common Stock CMCT Announces Steps to Strengthen Balance Sheet and Improve Liquidity CMCT (NASDAQ:CMCT) announced today actions to accelerate the transition of its focus towards premier multifamily assets from traditional office assets and strengthen its balance sheet and liquidity. The Company has previously targeted a capital structure consisting of approximately 40% common equity, 30% preferred equity and 30% debt. The recent decline in real estate values, particularly in the Bay Area and the office market in general, has resulted in a lower than targeted common equity ratio. CMCT recently explored the
9/16/24 8:00:00 AM ET
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Creative Media & Community Trust Corporation Reports 2024 Second Quarter Results
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended June 30, 2024. Second Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 83.5% leased. Executed 52,346 square feet of leases with terms longer than 12 months. Financial Results Net loss attributable to common stockholders of $9.7 million, or $0.43 per diluted share. Funds from operations attributable to common stockholders ("FFO")(3)1 was $(3.3) million, or $(0.14) per diluted share. Core FFO attributable to common stockholders(4)1 was $(2.1) million, or $(0.09) per dil
8/8/24 8:00:00 AM ET
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Top 4 Real Estate Stocks That Could Lead To Your Biggest Gains In Q3
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) On April 25, Altisource Portfolio Solutions reported better-than-expected
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Creative Media Q1 2024 GAAP EPS $(0.19), Inline, Sales $34.00M Beat $24.54M Estimate
Creative Media (NASDAQ:CMCT) reported quarterly losses of $(0.19) per share which met the analyst consensus estimate. The company reported quarterly sales of $34.00 million which beat the analyst consensus estimate of $24.54 million by 38.56 percent. This is a 17.59 percent increase over sales of $28.91 million the same period last year.
5/15/24 4:16:30 PM ET
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Creative Media Q4 EPS $(0.72) Misses $(0.48) Estimate, Sales $29.47M Miss $30.20M Estimate
Creative Media (NASDAQ:CMCT) reported quarterly losses of $(0.72) per share which missed the analyst consensus estimate of $(0.48) by 50 percent. This is a 84.62 percent decrease over losses of $(0.39) per share from the same period last year. The company reported quarterly sales of $29.47 million which missed the analyst consensus estimate of $30.20 million by 2.42 percent. This is a 13.92 percent increase over sales of $25.87 million the same period last year.
3/27/24 11:44:58 PM ET
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CMCT Announces Actions to Accelerate Focus Towards Premier Multifamily Assets
The Board of Directors Declares $0.04 Per Share Quarterly Common Dividend Payable in Common Stock CMCT Announces Steps to Strengthen Balance Sheet and Improve Liquidity CMCT (NASDAQ:CMCT) announced today actions to accelerate the transition of its focus towards premier multifamily assets from traditional office assets and strengthen its balance sheet and liquidity. The Company has previously targeted a capital structure consisting of approximately 40% common equity, 30% preferred equity and 30% debt. The recent decline in real estate values, particularly in the Bay Area and the office market in general, has resulted in a lower than targeted common equity ratio. CMCT recently explored the
9/16/24 8:00:00 AM ET
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Creative Media & Community Trust Corporation Reports 2024 Second Quarter Results
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended June 30, 2024. Second Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 83.5% leased. Executed 52,346 square feet of leases with terms longer than 12 months. Financial Results Net loss attributable to common stockholders of $9.7 million, or $0.43 per diluted share. Funds from operations attributable to common stockholders ("FFO")(3)1 was $(3.3) million, or $(0.14) per diluted share. Core FFO attributable to common stockholders(4)1 was $(2.1) million, or $(0.09) per dil
8/8/24 8:00:00 AM ET
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Creative Media & Community Trust Announces Date for its Second Quarter 2024 Earnings Release and Conference Call
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT))) ("CMCT") announced today that it will report its second quarter 2024 earnings results on Thursday, August 8, 2024 before the opening of the stock market. A conference call is scheduled for 12:00 p.m. Eastern Time later that day to discuss CMCT's financial results and business. The call will be hosted by Chief Executive Officer David Thompson, Chief Financial Officer Barry Berlin, and Portfolio Oversight Steve Altebrando. Interested parties can listen to the call via the following: WEBCAST: Go to www.creativemediacommunity.com and select the "Investors" tab at least 15 minutes prior to the start time of the call to
8/6/24 5:11:00 PM ET
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Creative Media Q4 EPS $(0.72) Misses $(0.48) Estimate, Sales $29.47M Miss $30.20M Estimate

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Recent Analyst Ratings for $CMCT

$CMCT Leadership Updates

Live Leadership Updates

CMCT Names Shaul Kuba Chief Investment Officer

Lionbridge and Robotti Nominate Slate of Highly Qualified Candidates for Election to CMCT's Board

CIM Commercial Trust Declares Common and Preferred Stock Dividends

$CMCT Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Creative Media & Community Trust Corporation

SEC Form SC 13D/A filed by Creative Media & Community Trust Corporation (Amendment)

SEC Form SC 13D/A filed by Creative Media & Community Trust Corporation (Amendment)

$CMCT Insider Trading

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MEMBER OF 10% OWNER GROUP Cim Capital Real Property Management, Llc disposed of $322,591 worth of Series A1 Preferred Stock (163,337 units at $1.98) and acquired $4,104,739 worth of shares (2,078,349 units at $1.98), increasing direct ownership by 939% to 2,078,349 units (SEC Form 4)

Director Bech Douglas Y was granted 26,960 shares, increasing direct ownership by 48% to 82,633 units (SEC Form 4)

Director Bryant John Hope was granted 26,960 shares, increasing direct ownership by 221% to 39,183 units (SEC Form 4)

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$CMCT SEC Filings

CMCT Completes Office to Residential Conversion Bringing 68 Luxury Apartments Above Existing Ground Floor Office Space to Los Angeles

CMCT Announces Actions to Accelerate Focus Towards Premier Multifamily Assets

Creative Media & Community Trust Corporation Reports 2024 Second Quarter Results

Creative Media & Community Trust Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

Amendment: Creative Media & Community Trust Corporation filed SEC Form 8-K: Unregistered Sales of Equity Securities

Creative Media & Community Trust Corporation filed SEC Form 8-K: Unregistered Sales of Equity Securities

$CMCT Analyst Ratings

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B. Riley Securities resumed coverage on Creative Media & Community Trust with a new price target

Edward Jones initiated coverage on Creative Media & Community Trust with a new price target

B. Riley Securities initiated coverage on CIM Commercial Trust with a new price target

$CMCT Market Insights

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Top 4 Real Estate Stocks That Could Lead To Your Biggest Gains In Q3

Creative Media Q1 2024 GAAP EPS $(0.19), Inline, Sales $34.00M Beat $24.54M Estimate