Overview

* Creative Media reports Q3 net loss of $17.7 mln, a decrease from 2024

* Revenue for Q3 was $26.2 mln

* Company agrees to sell lending business for $44 mln to improve liquidity

Outlook

* Company expects net proceeds of $31 mln from sale of lending business

* CMCT plans to improve multifamily net operating income through occupancy and cost savings

* Company sees increased office leasing activity in 2025

Result Drivers

* MULTIFAMILY FOCUS - Co is accelerating focus on premier multifamily assets and improving liquidity by selling lending business for $44 mln

* OFFICE LEASING ACTIVITY - Co executed 80,962 sq ft of leases in Q3, contributing to increased office leasing activity

* HOTEL SEGMENT IMPACT - Hotel segment NOI decreased due to renovation impacts, despite increased room revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $26.23

Revenue mln

Q3 EPS -$23.52

Q3 Net -$12.59

Income mln

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the commercial reits peer group is "hold"

* Wall Street's median 12-month price target for Creative Media & Community Trust Corporation ( CMCT ) is $4.00, about 69.5% below its November 13 closing price of $6.78

Press Release:

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(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.)