CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area. CIM Commercial is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities.
IPO Year:
Exchange: NASDAQ
Website: cimcommercial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2024 | $4.00 | Neutral | B. Riley Securities |
| 9/29/2022 | $9.00 | Buy | Edward Jones |
| 10/20/2021 | $13.00 | Buy | B. Riley Securities |
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Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company") today reported operating results for the three months ended June 30, 2025. First Quarter 2025 Highlights Real Estate Portfolio Same-store office portfolio(2) was 70.1% leased. Executed 47,859 square feet of leases with terms longer than 12 months. In April 2025, closed a $35.5 million variable-rate mortgage on an office property in Austin, Texas, using a portion of the proceeds to repay all outstanding obligations under the 2022 Credit Facility. In July 2025, signed a lease with a tenant for 30,831 square feet at our office property at 3601 S Congress Avenue in Austin
Leasing activity represents over 55 percent increase from prior year period Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") has executed approximately 140,000 square feet of office leases to date in 2025 with 31 tenants. Notable leases executed in 2025 include: A new approximately 31,000-square-foot lease with a global medical technology company at its Penn Field creative office campus in Austin; A new approximately 12,000-square-foot lease with a medical business in Brentwood, California; and A new approximately 11,000-square-foot lease with a government agency in Echo Park, Los Angeles. Since the fourth quarter of 2024, CMCT has executed approximately
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") announced today that it will report its second quarter 2025 earnings results on Wednesday, August 13, 2025 before the opening of the stock market. A conference call is scheduled for 12:00 p.m. Eastern Time later that day to discuss CMCT's financial results and business. The call will be hosted by Chief Executive Officer David Thompson, Chief Financial Officer Barry Berlin, and Portfolio Oversight Steve Altebrando. Interested parties can listen to the call via the following: WEBCAST: Go to www.creativemediacommunity.com and select the "Investors" tab at least 15 minutes prior to the start time of the call to r
Transaction Brings Property to 93% Leased Creative Media and Community Trust Corporation ("CMCT") (NASDAQ:CMCT) announced today that it has executed an approximately 11-year lease with Boston Scientific Corporation (NYSE:BSX) for an entire 30,821-square-foot, one-story building at its Penn Field Campus located at 3601 S. Congress Avenue in Austin, Texas. Boston Scientific is a global medical technology leader that provides a broad range of high-performance solutions that address unmet patient needs and reduces the cost of healthcare. The company's devices and therapies help physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urolog
Creative Media & Community Trust Corporation (NASDAQ:CMCT) (the "Company") announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the second quarter of 2025. The dividend will be payable on July 15, 2025 to holders of record at the close of business on July 5, 2025. The dividend amounts are as follows: Quarterly Dividend Amount Series A Preferred Stock $0.34375 per share Series A1 Preferred Stock $0.426875 per share* Series D Preferred Stock $0.353125 per share *The quarterly cash dividend of $0.426875 per share represents an annualized divid
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company") today reported operating results for the three months ended March 31, 2025. On April 15, 2025, the previously announced 1-for-25 reverse stock split of our Common Stock became effective. All of the share and per share amounts in this release have been adjusted to give retroactive effect to the reverse stock split. First Quarter 2025 Highlights Real Estate Portfolio Same-store office portfolio(2) was 71.4% leased. Executed 30,333 square feet of leases with terms longer than 12 months. During the three months ended March 31, 2025, closed a $5.0 million mortgage loan on an offi
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") announced today that it will report its first quarter 2025 earnings results on Friday, May 9, 2025 before the opening of the stock market. A conference call is scheduled for 12:00 p.m. Eastern Time later that day to discuss CMCT's financial results and business. The call will be hosted by Chief Executive Officer David Thompson, Chief Financial Officer Barry Berlin, and Portfolio Oversight Steve Altebrando. Interested parties can listen to the call via the following: WEBCAST: Go to www.creativemediacommunity.com and select the "Investors" tab at least 15 minutes prior to the start time of the call to register and
Creative Media & Community Trust Corporation (NASDAQ:CMCT) ("we", "our", "CMCT" or the "Company") announced today that its Board of Directors and stockholders have approved a reverse stock split of CMCT's common stock by a ratio of one-for-twenty-five (the "Reverse Stock Split"). The Reverse Stock Split is expected to become effective at 12:01 a.m. Eastern Time on April 15, 2025 (the "Effective Time"), and CMCT's common stock is expected to begin trading on the Nasdaq Global Market on a split-adjusted basis at market open that same day. At the Effective Time, every twenty-five shares of CMCT common stock issued and outstanding immediately prior to the Effective Time will be combined into o
Creative Media & Community Trust Corporation (NASDAQ:CMCT) (the "Company") announced today that it has fully repaid and retired its recourse credit facility after closing a mortgage on 3601 South Congress Avenue (Penn Field), a 16-acre creative office campus in Austin, Texas. In September 2024, the Company announced plans to accelerate its focus on premier multifamily properties, strengthen its balance sheet and improve its liquidity. As part of this plan, the Company announced intention to place non-recourse asset-level financing on several assets and use the proceeds to primarily payoff the $169.3 million balance on its recourse credit facility. The closing of the latest mortgage repres
Creative Media & Community Trust Corporation (NASDAQ:CMCT) (the "Company") announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the first quarter of 2025. The dividend will be payable on April 15, 2025 to holders of record at the close of business on April 5, 2025. The dividend amounts are as follows: Quarterly Dividend Amount Series A Preferred Stock $0.34375 per share Series A1 Preferred Stock $0.4425 per share* Series D Preferred Stock $0.353125 per share *The quarterly cash dividend of $0.4425 per share represents an annualized dividend rate of 7.08% (2.5% plus the
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B. Riley Securities resumed coverage of Creative Media & Community Trust with a rating of Neutral and set a new price target of $4.00
Edward Jones initiated coverage of Creative Media & Community Trust with a rating of Buy and set a new price target of $9.00
B. Riley Securities initiated coverage of CIM Commercial Trust with a rating of Buy and set a new price target of $13.00
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PRE 14A - Creative Media & Community Trust Corp (0000908311) (Filer)
10-Q - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
DEFA14A - Creative Media & Community Trust Corp (0000908311) (Filer)
DEF 14A - Creative Media & Community Trust Corp (0000908311) (Filer)
8-K - Creative Media & Community Trust Corp (0000908311) (Filer)
PRE 14A - Creative Media & Community Trust Corp (0000908311) (Filer)
SCHEDULE 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
10-Q - Creative Media & Community Trust Corp (0000908311) (Filer)
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Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company") today reported operating results for the three months ended June 30, 2025. First Quarter 2025 Highlights Real Estate Portfolio Same-store office portfolio(2) was 70.1% leased. Executed 47,859 square feet of leases with terms longer than 12 months. In April 2025, closed a $35.5 million variable-rate mortgage on an office property in Austin, Texas, using a portion of the proceeds to repay all outstanding obligations under the 2022 Credit Facility. In July 2025, signed a lease with a tenant for 30,831 square feet at our office property at 3601 S Congress Avenue in Austin
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") announced today that it will report its second quarter 2025 earnings results on Wednesday, August 13, 2025 before the opening of the stock market. A conference call is scheduled for 12:00 p.m. Eastern Time later that day to discuss CMCT's financial results and business. The call will be hosted by Chief Executive Officer David Thompson, Chief Financial Officer Barry Berlin, and Portfolio Oversight Steve Altebrando. Interested parties can listen to the call via the following: WEBCAST: Go to www.creativemediacommunity.com and select the "Investors" tab at least 15 minutes prior to the start time of the call to r
Creative Media & Community Trust Corporation (NASDAQ:CMCT) (the "Company") announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the second quarter of 2025. The dividend will be payable on July 15, 2025 to holders of record at the close of business on July 5, 2025. The dividend amounts are as follows: Quarterly Dividend Amount Series A Preferred Stock $0.34375 per share Series A1 Preferred Stock $0.426875 per share* Series D Preferred Stock $0.353125 per share *The quarterly cash dividend of $0.426875 per share represents an annualized divid
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company") today reported operating results for the three months ended March 31, 2025. On April 15, 2025, the previously announced 1-for-25 reverse stock split of our Common Stock became effective. All of the share and per share amounts in this release have been adjusted to give retroactive effect to the reverse stock split. First Quarter 2025 Highlights Real Estate Portfolio Same-store office portfolio(2) was 71.4% leased. Executed 30,333 square feet of leases with terms longer than 12 months. During the three months ended March 31, 2025, closed a $5.0 million mortgage loan on an offi
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") announced today that it will report its first quarter 2025 earnings results on Friday, May 9, 2025 before the opening of the stock market. A conference call is scheduled for 12:00 p.m. Eastern Time later that day to discuss CMCT's financial results and business. The call will be hosted by Chief Executive Officer David Thompson, Chief Financial Officer Barry Berlin, and Portfolio Oversight Steve Altebrando. Interested parties can listen to the call via the following: WEBCAST: Go to www.creativemediacommunity.com and select the "Investors" tab at least 15 minutes prior to the start time of the call to register and
Creative Media & Community Trust Corporation (NASDAQ:CMCT) (the "Company") announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the first quarter of 2025. The dividend will be payable on April 15, 2025 to holders of record at the close of business on April 5, 2025. The dividend amounts are as follows: Quarterly Dividend Amount Series A Preferred Stock $0.34375 per share Series A1 Preferred Stock $0.4425 per share* Series D Preferred Stock $0.353125 per share *The quarterly cash dividend of $0.4425 per share represents an annualized dividend rate of 7.08% (2.5% plus the
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company") today reported operating results for the three months ended December 31, 2024. On January 6, 2025, the previously announced one-for-ten reverse stock split of our Common Stock became effective. All of the share and per share amounts in this release have been adjusted to give retroactive effect to the reverse stock split. Fourth Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 71.0% leased. Executed 175,654 square feet of leases with terms longer than 12 months. Closed a variable-rate mortgage loan on our hotel property, with an initial advance
Creative Media & Community Trust (NASDAQ:CMCT, TASE: CMCT)) ("CMCT") announced today that it will report its fourth quarter 2024 earnings results on Friday, March 7, 2025 before the opening of the stock market. A conference call is scheduled for 11:30 a.m. Eastern Time later that day to discuss CMCT's financial results and business. The call will be hosted by Chief Executive Officer David Thompson, Chief Financial Officer Barry Berlin, and Portfolio Oversight Steve Altebrando. Interested parties can listen to the call via the following: WEBCAST: Go to www.creativemediacommunity.com and select the "Investors" tab at least 15 minutes prior to the start time of the call to regist
Creative Media & Community Trust Corporation (NASDAQ:CMCT) (the "Company") announced today that its Board of Directors has declared preferred stock dividends on its Series A, Series A1 and Series D Preferred Stock for the fourth quarter of 2024. The dividend will be payable on January 15, 2025 to holders of record at the close of business on January 5, 2025. The dividend amounts are as follows: Quarterly Dividend Amount Series A Preferred Stock $0.34375 per share Series A1 Preferred Stock $0.489375 per share* Series D Preferred Stock $0.353125 per share *The quarterly cash dividend of $0.489375 per share represents an annualized
Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended September 30, 2024. Third Quarter 2024 Highlights Real Estate Portfolio Same-store office portfolio(2) was 72.9% leased. Executed 4,850 square feet of leases with terms longer than 12 months. Financial Results Net loss attributable to common stockholders of $34.8 million, or $1.22 per diluted share. Funds from operations attributable to common stockholders ("FFO")(3)1 was $(28.4) million, or $(1.00) per diluted share. Core FFO attributable to common stockholders(4)1 was $(11.5) million, or $(0.40) per diluted
Live Leadership Updates
CMCT (NASDAQ & TASE: CMCT) announced today the appointment of Shaul Kuba as Chief Investment Officer. Mr. Kuba will direct the continued expansion of CMCT's portfolio of highly amenitized, premier multifamily and creative office assets in dynamic, high barrier to entry markets. Recently, CMCT announced that it is acquiring 696 apartment units across three assets in Los Angeles and the Bay Area. Further, CMCT has a pipeline of multifamily development opportunities, on land it owns, representing more than 1,500 units. As part of CMCT's strategy, CMCT leverages the global partner and investor relationships and the development capabilities of CIM Group, its manager, to execute on CMCT's pipel
NEW YORK, Jan. 13, 2021 /PRNewswire/ -- Lionbridge Capital, LP, and Robotti & Company Advisors LLC (together with its affiliates, the "Nominating Stockholders" or "they") with an ownership interest of approximately 5.0% of CIM Commercial Trust Corporation ("CMCT" or the "Company") (NASDAQ: CMCT) today announced that they have nominated a slate of six highly qualified candidates for election to the CMCT Board of Directors (the "Board") at the Company's 2021 Annual Meeting: Thomas D. Ferguson, Mark C. Gelnaw, Raymond V. Marino II, John S. Moran, Gregory M. Morillo, and James O'Leary. The Nominating Stockholders also announced today that they have delivered a letter to the Board which incl
DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share. The dividend will be paid on December 29, 2020 to Stockholders of record at the close of business on December 14, 2020. In addition, the Board of Directors has declared a quarterly cash dividend of $0.34375 per share of CMCT's Series A Preferred Stock for the first quarter of 2021. The divi
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SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
SC 13D/A - Creative Media & Community Trust Corp (0000908311) (Subject)
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