CIM Commercial Trust

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. The company invests in creative offices, acquiring and developing properties catering to rapidly growing industries such as technology, media, and entertainment. CMCT seeks to apply the expertise of the CIM Group to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment characteristics to its creative office investments. CMCT 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. Creative Media & Community Trust Corp. operates through the following segments: Office, Hotel, and Lending. The Office segment consists of the rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment is involved in the operation of hotel properties. The Lending segment originates loans to small businesses. The company was founded in 1979 and is headquartered in Dallas, TX.

Earnings data Q1 2021

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CMCT reports robust Q1 performance, eyes growth amid challenges

CMCT's Q1 2023 earnings call highlighted strong performance in multifamily acquisitions and construction, alongside positive leasing updates and financial management.
While challenges like office NOI decline and uncertainties in occupancy stabilization exist, opportunities in portfolio expansion and strategic decision-making are evident.
The company's focus on key markets and operational resilience position it well to navigate challenges and capitalize on growth opportunities in the real estate sector.

CMCT reports strong Q2 performance with growth opportunities ahead

CMCT's Q2 2023 earnings call highlighted positive operational and financial performance, with progress in asset occupancy and development projects.
While facing challenges related to lease agreements and capital structure, CMCT has opportunities for growth through development advancements and strategic initiatives.
Overall, CMCT's focus on improving operational efficiency and financial stability positions the company well for future growth and value creation.

CMCT reports stable performance and growth opportunities in Q3

CMCT's Q3 2023 performance showcased stability in office lease and strong liquidity.
Challenges include increased interest expense impacting FFO and core FFO.
Opportunities lie in multifamily portfolio growth and development pipeline progress.
Overall, CMCT's strategic moves position them well for future growth and stability.

CMCT reports mixed Q4 results, optimistic about multifamily growth

CMCT's Q4 2023 earnings call highlighted progress in multifamily occupancy and development projects, alongside stable leasing percentages. Despite challenges in segment NOI and FFO, the company remains optimistic about growth opportunities in the multifamily sector.

CMCT reports improved Q1 results, faces challenges, eyes growth

CMCT's Q1 2024 performance showed strength in office and hotel segments, with improvements in same-store NOI and stable quarter-over-quarter results.
Challenges include the impact of elevated short-term interest rates and the need to address concerns raised by analysts regarding various operational aspects.
Opportunities for growth exist through optimizing asset sales, leveraging the development pipeline, and implementing strategic initiatives to enhance financial performance.

CMCT focuses on multifamily growth amidst financial challenges in Q3

CMCT's Q3 2024 performance reflected a strategic shift towards multifamily assets.
While challenges like declining office lease percentage and negative FFO exist, opportunities for refinancing and capital optimization are present.
The company's focus on portfolio rebalancing and creating additional capital signals a proactive approach to enhancing shareholder value.

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Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending. The Office segment consists of the rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment involves the operation of hotel properties. The Lending segment focuses on loans to small businesses. The company was founded in 1993 and is headquartered in Dallas, TX.

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corp announces commencement of previously announced rights offering for aggregate of approx.$137.3 M of newly issued common stock

CIM Commercial Trust Corporation Commences Rights Offering

CIM Commercial Trust Corp - SU PRF PERPETUAL ILS 100 - Ser L

NEW YORK, June 9, 2021 /PRNewswire/ -- The shareholder group led by Lionbridge Capital I, LP and its affiliates, Robotti & Company, Inc. and its affiliates, and Winthrop Realty Partners, L.P. and its affiliates, who collectively own 897,085 shares, or approximately 6.0% of the outstanding shares of CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ: CMCT and TASE: CMCT-L), today issued the following statement in connection with a severe disclosure omission and debilitating material misstatements by CMCT that the group has uncovered under the rules of the Securities and Exchange Commission (the "SEC"), which serves to revoke CMCT's Form S-3 eligibility for its current Rights Offering: "The Company purports to have amended its Charter at some point during the fall of 2019 to decrease the beneficial ownership limitation applicable to its stockholders from 9.8% to 6.25%.

Lionbridge / Robotti / Winthrop Group Uncovers Serious SEC Disclosure Violations by CMCT

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation to conduct rights offering, aggregate of approx $137.3 M newly issued shares of common stock, par value $0.001 /share

CIM Commercial Trust Corporation Announces Rights Offering

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation reports 2021 first quarter earnings

CIM Commercial Trust Corporation Reports 2021 First Quarter Results

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) reported operating results for the three months and year ended December 31, 2020.

CIM Commercial Trust Corporation Reports 2020 Fourth Quarter Results

NEW YORK, March 15, 2021 /PRNewswire/ -- Lionbridge Capital, LP and Robotti & Company Advisors LLC (together with its affiliates, the "Stockholder Group" or "we") with an ownership interest of approximately 5% of CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ: CMCT), today issued an open letter to the Company's Board of Directors (the "Board"). In the letter, the Stockholder Group urges the Board to explore strategic alternatives to maximize stockholder value, including, but not limited to an orderly sale of the Company's assets or another transaction that reflects CMCT's substantial underlying value.

Lionbridge and Robotti Issue Open Letter to CMCT's Board

CIM Commercial Trust is an office REIT whose management is now under siege. There are good reasons for this; their behavior and organizational structure have not been well aligned with shareholder interests.

The Battle For CIM Commercial Trust Has Begun

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Where Do Hedge Funds Stand On CIM Commercial Trust Corporation (CMCT)?

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT) (TASE: CMCT-L) (“we,” “our,” “CMCT,” “CIM Commercial,” or the “Company”), 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 (including improving and developing such assets), today reported operating results for the three and nine months ended September 30, 2020. Third Quarter 2

CIM Commercial Trust Corporation Reports 2020 Third Quarter Results

CIM Commercial Trust (CMCT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate CIM Commercial Trust (CMCT) to Report a Decline in Earnings: What to Look Out for

CIM Commercial Trust (CMCT) delivered earnings and revenue surprises of 55.81% and -17.45%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

CIM Commercial Trust (CMCT) Reports Q2 Loss, Misses Revenue Estimates

CIM Commercial Trust (CMCT) delivered earnings and revenue surprises of -130.00% and 10.07%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

CIM Commercial Trust (CMCT) Reports Q1 Loss, Tops Revenue Estimates

News for CIM Commercial Trust Stock (CMCT)