Creative Media & Community Trust Q2 net loss narrows to $11.0 million from $14.3 million
Creative Media & Community Trust Corporation (CMCT) reported a second-quarter 2026 net loss attributable to common stockholders of $11.0 million, or $4.03 per diluted share, compared with $14.3 million a year earlier. Total revenues were $29.7 million, roughly flat year over year, while total segment net operating income fell 5.2% to $9.3 million. The company also said it elected not to invest the capital needed to refinance the Oakland Office Building mortgage, which had an outstanding balance of $97.1 million and matured in the third quarter of 2026.
Key points
- Net loss attributable to common stockholders was $11.0 million for the quarter ended June 30, 2026, versus $14.3 million in the same period of 2025.
- FFO was $(3.5) million and Core FFO was $(3.4) million, compared with $(7.9) million and $(7.0) million a year earlier.
- Total segment NOI decreased 5.2% to $9.3 million, while NOI excluding loss from unconsolidated entities rose 22.2% to $12.5 million.
- The $97.1 million non-recourse mortgage on the Oakland Office Building matured in the third quarter of 2026; the company continues to engage with the servicer on a long-term resolution.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.