Creative Media & Community Trust reports a Q1 GAAP loss of $70.50 per share and $29.42M in revenue amid weak funds from operations.
Creative Media & Community Trust (CMCT) reported a Q1 GAAP loss of $70.50 per share, missing expectations, as revenue reached $29.42 million. The company’s funds from operations (FFO) attributable to common stockholders totaled negative $28.8 million, or $(58.47) per diluted share.
Core FFO for the quarter was $(5.9) million, or $(11.89) per diluted share, reflecting ongoing financial challenges. The results highlight pressure on profitability despite revenue generation.
No immediate market reaction was disclosed in the release.