Creative Media & Community Trust Corp

Snapshot

CMCT is a tiny office/multifamily/hotel REIT with a $7.8M market cap. FY 2025 revenue fell 6.3% to $116.7M and the company lost $39.0M, with interest expense of $40.2M swamping an $8.3M operating profit.

What's Happening Right Now

• Thu 10th Sep '26 · Dilution: Between August 19 and September 2, 2026, CMCT issued 239,147 new common shares to settle Series A and A1 preferred-stock redemptions in stock instead of cash, conserving cash but diluting common holders.
• Thu 10th Sep '26 · Dilution: On September 9, 2026, CMCT issued another 30,555 shares to settle preferred redemptions in stock, with more redemption requests pending that could mean further share issuance.
• Wed 9th Sep '26 · Liquidity risk: CMCT's Q2 2026 10-Q showed just $12.8M of unrestricted cash against $97.5M of mortgage principal due in the second half of 2026 and $242.6M more due in 2027, after two 1-for-10 reverse splits and a preferred-stock overhaul this year.
• Wed 2nd Sep '26 · Offering: Closed an offering. Proceeds are not disclosed in the filings reviewed.
• Wed 26th Aug '26 · Offering: Closed an offering. Proceeds are not disclosed in the filings reviewed.
• Wed 19th Aug '26 · Offering: Closed an offering. Proceeds are not disclosed in the filings reviewed.
• Sun 19th Jul '26 · Mortgage default: On July 9, 2026, CMCT received a maturity default notice on the $97.1M non-recourse mortgage for its 1 Kaiser Plaza (Oakland) property; the company chose not to refinance it, and the lender has demanded immediate full repayment.
• Tue 23rd Jun '26 · CFO change: CMCT's proxy disclosed former CFO Barry Berlin resigned in January 2026 with a $600,000 separation package, with Brandon Hill appointed as the new CFO and Treasurer.