What factors drove the changes in Creative Media's revenue and profit?

What does Creative Media do and what are its main business segments?

What is the market's earnings forecast for Creative Media next quarter?

Did Creative Media beat or miss consensus estimates last quarter?

What were the key takeaways from Creative Media's earnings call?

What is Creative Media's latest dividend and current dividend yield?

What is Creative Media's gross profit margin?

What were the key takeaways from Creative Media’s earnings call?

- **Lending Sale**: $44M sale nets $31M, reducing debt by $169M.
- **Multifamily Growth**: 701 South Hudson occupancy up 13pts to 81%, with 36 new units launching in LA.
- **Office Recovery**: 73.6% leased, 159K sq.ft. leased YTD (+69% YoY).
- **Negative FFO**: -$10.5M, but improving trends in multifamily and office.
- **Leadership Transition**: Brandon Hill to replace Barry Berlin as CFO.

**【Management Opening Remarks】**
- Steve Altebrando introduced the executives and outlined the call's purpose, emphasizing forward-looking statements and the availability of the earnings release.

**【CEO Commentary】**
- **Strategic Initiatives**: Sold lending business for $44M (net $31M after expenses) and reduced recourse debt by $169M through asset refinancings.
- **Financial Performance**: Core FFO was negative $10.5M, with NOI declines in Office (-$500K) and Hotel (-$3.35M), offset by gains in Multifamily (+$600K) and Lending (+$360K).
- **2026 Outlook**: Improved cash flow from office leasing, hotel renovations, and multifamily rent growth.
- **Leadership Transition**: Barry Berlin stepping down as CFO; Brandon Hill to assume role post-transaction.

**【Portfolio Oversight Update】**
- **Multifamily**: 701 South Hudson occupancy rose to 81% (from 68%), with plans for new units in Oakland. 1915 Park set to deliver 36 units.
- **Office**: 73.6% leased (86.6% excluding Oakland), with 159K sq.ft. leased YTD (+69% YoY).
- **Hotel**: Public space renovation nearing completion; 2026 expected to benefit from renovations and rising demand.

**【CFO Financial Commentary】**
- **Segment NOI**: $7M (vs. $7.6M prior year), driven by declines in Office (-$400K), Lending (-$374K), and Hotel (-$123K), offset by Multifamily gains (+$284K).
- **Core FFO**: Negative $10.5M (vs. -$11.5M prior year), improved by reduced preferred stock expenses and multifamily NOI growth.
- **Expense Trends**: Higher depreciation (+$922K) and interest expense (+$782K) offset NOI gains.


Creative Media & Community Trust Corporation(CMCT)-20251114-2025 Q3 Earnings call transcript

Rental and Other Property Income

Hotel Income

Interest and Other Income

CMCT

CMCT fundamentals

You can ask Aime