Creative Media & Community Trust Corp (CMCT) Form 10-Q — Aug 14, 2026
CMCT's Q2 2026 10-Q shows total revenues of $29.7M, essentially flat versus $29.7M a year ago, with a net loss attributable to the company of $9.9M and a net loss to common stockholders of $11.0M, or $(4.03) per share. Hotel income was the lone growth driver at $12.2M versus $11.2M, while interest and other income fell after the lending division was sold. The quarter caps a sweeping capital-structure overhaul: after two 1-for-10 reverse stock splits (March 26 and April 20, 2026) and the March 2026 redemption of Series A, A1, and D preferred shares paid in common stock, common shares outstanding jumped from 26,997 to 2,947,493 while the preferred balance fell from $310.4M to $67.7M.
Key figures
- Eps
- -4.03 (Q2 2026 basic/diluted); -28.30 (six months 2026)
- Revenue
- Q2 2026: $29.68M vs Q2 2025: $29.69M (six months: $59.10M vs $61.98M)
- Net Income
- -9.90M attributable to Company (Q2 2026); -18.21M (six months 2026)
- Total Debt
- 502.27M face value ($475.20M mortgages + $27.07M junior subordinated notes)
- Total Assets
- 782938000
- Cash Position
- 12768000
- Shares Outstanding
- 2947493
- Total Equity
- 245956000
- Restricted Cash
- 23942000
- Reverse Split Ratio
- 1-for-10 effected 2026-03-26 and 1-for-10 effected 2026-04-20
- Hotel Income Q2 2025
- 11173000
- Hotel Income Q2 2026
- 12190000
- Casualty Loss Q2 2026
- 455000
- Clay Mortgage Balance
- 64300000
- First Western Net Gain
- 1700000
- Six Month Revenue2025
- 61984000
- Six Month Revenue2026
- 59100000
- Channel House Maturity
- 2027-01-31
- Clay Mortgage Maturity
- 2027-06-07
- Common Shares Dec312025
- 26997
- Common Shares Jun302026
- 2947493
- Oakland Office Maturity
- 2026-07-01 (matured)
- First Western Net Proceeds
- 31200000
- Mortgage Principal Due2027
- 242554000
- Preferred Balance Dec312025
- 310446000
- Preferred Balance Jun302026
- 67703000
- First Western Sale Gross Price
- 44900000
- Mortgage Principal Due2026 H2
- 97460000
- Channel House Mortgage Balance
- 81000000
- Oakland Office Mortgage Balance
- 97100000
- Loss On Debt Extinguishment Six Months
- 705000
- Redemption Charges Series A1 Six Months
- 18600000
- Preferred Redemption Charges Six Months
- 22288000
Price after filing
Close on the filing date to close N calendar days later (from $4.74). Historical, not a forecast.
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.