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/Mis Actual Consensu

s s

Estimate

Q2 $29.69

Revenue mln

Q2 EPS -$18.94

Q2 Net -$14.30

Income mln

Attribut

able to

Sharehol

ders

Q2 FFO -$7.90

mln

Press Release:

(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.)