Creative Media Q2 net loss widens to $14.3 mln

Creative Media & Community Trust

13/08/2025 13:12

Overview

Creative Media Q2 net loss attributable to shareholders widens to $14.3 mln from $9.67 mln

FFO for Q2 declines to $7.9 mln, driven by lower segment NOI

Company executes significant office leases in Austin and Los Angeles

Outlook

Company plans upgrades to hotel public spaces later this year

CMCT expects improved multifamily net operating income as occupancy rises

Company sees increased office leasing activity in Los Angeles and Austin

CMCT working to upsize mortgage at Penn Field after new lease

Result Drivers

OFFICE LEASING - Increased leasing activity in Los Angeles and Austin markets, with significant square footage leased

MULTIFAMILY CHALLENGES - Decline in multifamily segment income due to lower occupancy and rent in Oakland properties

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$29.69 mln
Q2 EPS
-$18.94
Q2 Net Income Attributable to Shareholders
-$14.30 mln
Q2 FFO
-$7.90 mln


Press Release: ID:nBw7fC52Ca

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)