CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area. CIM Commercial is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities.
IPO Year:
Exchange: NASDAQ
Website: cimcommercial.com
| 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 |
10-Q - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K/A - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
424B3 - Creative Media & Community Trust Corp (0000908311) (Filer)
10-Q - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
ARS - Creative Media & Community Trust Corp (0000908311) (Filer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
4 - Creative Media & Community Trust Corp (0000908311) (Issuer)
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended September 30, 2024. Third Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 72.9% leased. Executed 4,850 square feet of leases with terms longer than 12 months. Financial Results Net loss attributable to common stockholders of $34.8 million, or $1.22 per diluted share. Funds from operations attributable to common stockholders ("FFO")(3)1 was $(28.4) million, or $(1.00) per diluted share. Core FFO attributable to common stockholders(4)1 was $(11.5) million, or $(0.40) per diluted
Transaction provides cash distribution to CMCT as well a recurring management fee CMCT (NASDAQ:CMCT) announced today that an international institutional investor has acquired a 49 percent interest in 1902 Park Ave., a premier, Class A apartment property located in the Echo Park neighborhood of Los Angeles, a thriving walkable submarket with abundant dining and entertainment options. Proceeds from the investment were used to pay off the mortgage and fund a distribution to CMCT and another CIM-advised fund. CMCT and the CIM-advised fund each acquired a 50 percent ownership in 1902 Park Ave. in early 2023 in an off-market transaction. These two funds will earn a management fee and potentiall
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") announced today that it will report its third quarter 2024 earnings results on Friday, November 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 register a
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
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
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
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
CMCT (NASDAQ:CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the third quarter of 2024. The dividend amount, the record date and the payment date are as follows: Monthly Dividend Amount (per share) Record Date Payment Date Series A Preferred Stock ($0.34375 per share for the quarter) $0.114583 August 5, 2024 September 5,2024 October 5, 2024 August 15, 2024 September 16, 2024 October 15, 2024 Series A1 Preferred Stock ($0.489375 per share for the quarter)* $0.163125 Series D Preferred S
CMCT (NASDAQ:CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on July 22, 2024 to stockholders of record at the close of business on July 8, 2024. ABOUT CMCT Creative Media & Community Trust Corporation ("CMCT") is a real estate investment trust that owns, operates and develops premier multifamily and creative office assets in vibrant communities throughout the United States. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. CMCT applies the expertise of CIM to the acquisition, de
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended March 31, 2024. First Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 83.7% leased. Executed 36,961 square feet of leases with terms longer than 12 months. Financial Results Net loss attributable to common stockholders of $12.3 million, or $0.54 per diluted share. Funds from operations attributable to common stockholders ("FFO")(3)1 was $(5.9) million, or $(0.26) per diluted share. Core FFO attributable to common stockholders(4)1 was $(4.4) million, or $(0.19) per dilut
B. Riley Securities resumed coverage of Creative Media & Community Trust with a rating of Neutral and set a new price target of $4.00
Edward Jones initiated coverage of Creative Media & Community Trust with a rating of Buy and set a new price target of $9.00
B. Riley Securities initiated coverage of CIM Commercial Trust with a rating of Buy and set a new price target of $13.00
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended September 30, 2024. Third Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 72.9% leased. Executed 4,850 square feet of leases with terms longer than 12 months. Financial Results Net loss attributable to common stockholders of $34.8 million, or $1.22 per diluted share. Funds from operations attributable to common stockholders ("FFO")(3)1 was $(28.4) million, or $(1.00) per diluted share. Core FFO attributable to common stockholders(4)1 was $(11.5) million, or $(0.40) per diluted
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") announced today that it will report its third quarter 2024 earnings results on Friday, November 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 register a
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
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
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
CMCT (NASDAQ:CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the third quarter of 2024. The dividend amount, the record date and the payment date are as follows: Monthly Dividend Amount (per share) Record Date Payment Date Series A Preferred Stock ($0.34375 per share for the quarter) $0.114583 August 5, 2024 September 5,2024 October 5, 2024 August 15, 2024 September 16, 2024 October 15, 2024 Series A1 Preferred Stock ($0.489375 per share for the quarter)* $0.163125 Series D Preferred S
CMCT (NASDAQ:CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on July 22, 2024 to stockholders of record at the close of business on July 8, 2024. ABOUT CMCT Creative Media & Community Trust Corporation ("CMCT") is a real estate investment trust that owns, operates and develops premier multifamily and creative office assets in vibrant communities throughout the United States. CMCT is a leader in creative office, acquiring and developing properties catering to rapidly growing industries such as technology, media and entertainment. CMCT applies the expertise of CIM to the acquisition, de
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended March 31, 2024. First Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 83.7% leased. Executed 36,961 square feet of leases with terms longer than 12 months. Financial Results Net loss attributable to common stockholders of $12.3 million, or $0.54 per diluted share. Funds from operations attributable to common stockholders ("FFO")(3)1 was $(5.9) million, or $(0.26) per diluted share. Core FFO attributable to common stockholders(4)1 was $(4.4) million, or $(0.19) per dilut
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT))) ("CMCT") announced today that it will report its first quarter 2024 earnings results after the market close on Wednesday, May 15, 2024. A conference call is scheduled for 12:00 p.m. Eastern Time on Thursday, May 16, 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 register and
CMCT (NASDAQ:CMCT) announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the second quarter of 2024. The dividend amount, the record date and the payment date are as follows: Monthly Dividend Amount (per share) Record Date Payment Date Series A Preferred Stock ($0.34375 per share for the quarter) $0.114583 May 5, 2024 June 5,2024 July 5, 2024 May 15, 2024 June 17, 2024 July 15, 2024 Series A1 Preferred Stock ($0.489375 per share for the quarter)* $0.163125 Series D Preferred Stock ($0.353125 p
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
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
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
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13G/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13G/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13G - Creative Media & Community Trust Corp (0000908311) (Subject)
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
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.
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.
Companies Reporting Before The Bell • Local Bounti (NYSE:LOCL) is projected to report quarterly loss at $2.41 per share on revenue of $8.70 million. • REE Automotive (NASDAQ:REE) is estimated to report quarterly loss at $2.38 per share on revenue of $1.35 million. • Precision BioSciences (NASDAQ:DTIL) is projected to report quarterly loss at $2.05 per share on revenue of $12.48 million. • Edap TMS (NASDAQ:EDAP) is expected to report quarterly loss at $0.05 per share on revenue of $19.66 million. • Vanguard Extended Duration Treasury ETF (NYSE:EDV) is expected to report earnings for its fourth quarter. • Cellectar Biosciences (NASDAQ:CLRB) is likely to report earnings for its fourth qua
Today, January 16, 2024, marks an important moment for investors of Creative Media (NASDAQ:CMCT). The company will distribute a dividend payout of $0.09 per share, demonstrating an annualized dividend yield of 10.24%. Remember, only shareholders prior to the ex-dividend date on December 29, 2023 are eligible for this payout. Creative Media Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff;
Thursday marks the last chance for investors to receive the next dividend payout from Creative Media (NASDAQ:CMCT). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 8.5 cents per share. On Friday, Creative Media will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own CMCT as of the end of Thursday's session are eligible to receive the 8.5 cents divi
Creative Media (NASDAQ:CMCT) reported its Q3 earnings results on Tuesday, November 14, 2023 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Creative Media missed estimated earnings by 46.38%, reporting an EPS of $-1.01 versus an estimate of $-0.69. Revenue was up $3.27 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.65 which was followed by a 0.23% drop in the share price the next day. Here's a look at Creative Media's past performance: Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022 EPS Estimate -0.40 -0.16 -0.16 -0.13 EPS Actual -1.05 -0.56 -0.39 -0.50 Revenue Estimate 29.19M 26.10M 25.22M 25
Creative Media (NASDAQ:CMCT) reported quarterly losses of $(1.01) per share which missed the analyst consensus estimate of $(0.69) by 46.38 percent. This is a 102 percent decrease over losses of $(0.50) per share from the same period last year. The company reported quarterly sales of $28.12 million which missed the analyst consensus estimate of $30.21 million by 6.92 percent. This is a 13.14 percent increase over sales of $24.85 million the same period last year.
Companies Reporting Before The Bell • CureVac (NASDAQ:CVAC) is likely to report quarterly loss at $0.24 per share on revenue of $18.00 million. • Caledonia Mining (AMEX:CMCL) is expected to report earnings for its third quarter. • Argo Blockchain (NASDAQ:ARBK) is estimated to report quarterly loss at $0.12 per share on revenue of $13.28 million. • SuperCom (NASDAQ:SPCB) is estimated to report quarterly earnings at $0.00 per share on revenue of $4.60 million. • Moving iMage Technologies (AMEX:MITQ) is projected to report earnings for its first quarter. • Eagle Pharmaceuticals (NASDAQ:EGRX) is likely to report quarterly earnings at $1.06 per share on revenue of $62.60 million. • 2sevent
Creative Media (NASDAQ:CMCT) is set to give its latest quarterly earnings report on Tuesday, 2023-11-14. Here's what investors need to know before the announcement. Analysts estimate that Creative Media will report an earnings per share (EPS) of $-0.69. Creative Media bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.65, which was followed by a 0.23% drop in the s