2023 Q1 Form 10-K Financial Statement

#000090831123000020 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $28.91M $25.87M $101.9M
YoY Change 16.67% 2.96% 12.08%
Cost Of Revenue $17.08M $14.57M $57.95M
YoY Change 28.39% -4.92% 10.86%
Gross Profit $11.83M $11.30M $43.96M
YoY Change 3.08% 15.25% 13.72%
Gross Profit Margin 40.92% 43.69% 43.13%
Selling, General & Admin $5.285M $1.916M $7.092M
YoY Change 191.18% 20.2% 1.5%
% of Gross Profit 44.67% 16.95% 16.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.604M $5.316M $20.50M
YoY Change 90.67% 6.81% 1.53%
% of Gross Profit 81.18% 47.03% 46.63%
Operating Expenses $14.79M $7.193M $27.44M
YoY Change 116.85% 10.0% 1.26%
Operating Profit -$2.956M $4.110M $16.52M
YoY Change -163.45% 25.76% 42.95%
Interest Expense $6.236M -$2.850M $9.604M
YoY Change 187.37% 48.21% 2.03%
% of Operating Profit -69.34% 58.15%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.320M $1.260M $7.076M
YoY Change -380.57% -6.32% 230.5%
Income Tax $256.0K $316.0K $1.131M
% Of Pretax Income 25.08% 15.98%
Net Earnings -$6.951M -$8.941M $5.918M
YoY Change -402.61% -1442.49% -796.24%
Net Earnings / Revenue -24.04% -34.56% 5.81%
Basic Earnings Per Share -$0.56 -$1.11
Diluted Earnings Per Share -$0.56 -$0.39 -$1.11
COMMON SHARES
Basic Shares Outstanding 22.74M shares 22.74M shares 23.15M shares
Diluted Shares Outstanding 22.71M shares 23.15M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.49M $46.19M $46.19M
YoY Change 31.87% 107.03% 107.03%
Cash & Equivalents $22.49M $46.19M $46.19M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $7.982M $3.780M $3.780M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $30.47M $49.97M $49.97M
YoY Change 52.31% 94.38% 94.38%
LONG-TERM ASSETS
Property, Plant & Equipment $715.9M $502.0M $502.0M
YoY Change 43.91% 0.81% 0.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $28.38M $12.38M $12.38M
YoY Change 25.95%
Other Assets $58.24M $48.83M $48.83M
YoY Change 18.06% 2.95% 2.95%
Total Long-Term Assets $927.1M $640.3M $640.3M
YoY Change 38.73% 0.81% 0.81%
TOTAL ASSETS
Total Short-Term Assets $30.47M $49.97M $49.97M
Total Long-Term Assets $927.1M $640.3M $640.3M
Total Assets $957.6M $690.2M $690.2M
YoY Change 39.13% 4.45% 4.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.45M $107.2M $107.2M
YoY Change 96.16% 300.81% 300.81%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.32M $110.4M $110.4M
YoY Change 61.72% 252.73% 252.73%
LONG-TERM LIABILITIES
Long-Term Debt $520.7M $184.3M $184.3M
YoY Change 128.2% -8.39% -8.39%
Other Long-Term Liabilities $15.97M $17.88M $17.88M
YoY Change -26.68% 4.55% 4.55%
Total Long-Term Liabilities $536.7M $202.1M $202.1M
YoY Change 114.7% -7.38% -7.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.32M $110.4M $110.4M
Total Long-Term Liabilities $536.7M $202.1M $202.1M
Total Liabilities $572.0M $312.5M $312.9M
YoY Change 110.45% 25.24% 25.22%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $23.00K $23.00K
YoY Change -4.17% -4.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $373.9M $361.7M $377.4M
YoY Change
Total Liabilities & Shareholders Equity $957.6M $690.2M $690.2M
YoY Change 39.13% 4.45% 4.45%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$6.951M -$8.941M $5.918M
YoY Change -402.61% -1442.49% -796.24%
Depreciation, Depletion And Amortization $9.604M $5.316M $20.50M
YoY Change 90.67% 6.81% 1.53%
Cash From Operating Activities $2.766M $4.119M $32.41M
YoY Change -67.98% -87.28% -29.97%
INVESTING ACTIVITIES
Capital Expenditures $101.5M $2.433M $19.60M
YoY Change -2280.52% -207.37% -380.85%
Acquisitions
YoY Change
Other Investing Activities $10.48M $3.793M -$2.671M
YoY Change -136.87% -180.6%
Cash From Investing Activities -$91.07M $1.360M -$22.27M
YoY Change 175.3% -119.51% 75.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.715M
YoY Change -94.02%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $77.66M 25.20M $13.69M
YoY Change 262.67% -240.72% -131.42%
NET CHANGE
Cash From Operating Activities $2.766M 4.119M $32.41M
Cash From Investing Activities -$91.07M 1.360M -$22.27M
Cash From Financing Activities $77.66M 25.20M $13.69M
Net Change In Cash -$10.65M 30.68M $23.83M
YoY Change 251.62% 308.74% -338.34%
FREE CASH FLOW
Cash From Operating Activities $2.766M $4.119M $32.41M
Capital Expenditures $101.5M $2.433M $19.60M
Free Cash Flow -$98.78M $1.686M $12.81M
YoY Change -842.94% -95.13% -75.95%

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IncreaseDecreaseInDueToRelatedParties
3614000 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
7009000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
32410000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46281000 usd
CY2022 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
8816000 usd
CY2021 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
4047000 usd
CY2022 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
10787000 usd
CY2021 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
2933000 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
22652000 usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
10271000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
CY2022 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
9849000 usd
CY2021 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
36299000 usd
CY2022 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
19559000 usd
CY2021 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
30584000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22274000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12695000 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
182700000 usd
CY2021 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
157910000 usd
CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
166230000 usd
CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
35396000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
692000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1786000 usd
CY2022 cmct Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
1581000 usd
CY2021 cmct Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
1149000 usd
CY2022 cmct Paymentof Other Deferred Costs
PaymentofOtherDeferredCosts
2928000 usd
CY2021 cmct Paymentof Other Deferred Costs
PaymentofOtherDeferredCosts
1000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7658000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3979000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
78825000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1900000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4715000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
148007000 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
29829000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
24327000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18045000 usd
CY2022 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
67417000 usd
CY2021 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
8527000 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
2755000 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4000 usd
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
118000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
5000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
9000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13693000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43584000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
23829000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9998000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33651000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43649000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57480000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33651000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46190000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22311000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11290000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11340000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
8388000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
8463000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
1105000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
2900000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3859000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2127000 usd
CY2022 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
22000 usd
CY2021 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
CY2022 cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
68000 usd
CY2021 cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
161000 usd
CY2022 cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
6276000 usd
CY2021 cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
12051000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1933000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1753000 usd
CY2022 cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
2105000 usd
CY2021 cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
400000 usd
CY2022 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
37766000 usd
CY2021 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
45806000 usd
CY2022 cmct Reclassifications Of Permanent Equity To Liabilities
ReclassificationsOfPermanentEquityToLiabilities
83838000 usd
CY2021 cmct Reclassifications Of Permanent Equity To Liabilities
ReclassificationsOfPermanentEquityToLiabilities
48000 usd
CY2022 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
19000 usd
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
253000 usd
CY2022 cmct Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
450000 usd
CY2021 cmct Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
638000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
5000000 usd
CY2021 us-gaap Stock Issued1
StockIssued1
9174000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. ORGANIZATION AND OPERATIONS</span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Creative Media &amp; Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) (the “Company”), is a Maryland corporation and real estate investment trust (“REIT”). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Company also owns one hotel in northern California and a lending platform that originates loans under the Small Business Administration (“SBA”) 7(a) loan program. The Company seeks to apply the expertise of CIM Group, L.P. (“CIM Group”) to the acquisition, development and operation of premier multifamily properties and creative office assets that cater to rapidly growing industries such as technology, media and entertainment in vibrant and emerging communities throughout the United States. </span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Subsequent to December 31, 2022, the Company acquired two multifamily properties in Oakland, California and acquired a 50% interest in a multifamily property in.Los Angeles, California (see Note 18 for more details).</span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s common stock, $0.001 par value per share (“Common Stock”), is currently traded on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CMCT”, and on the Tel Aviv Stock Exchange (the “TASE”) under the ticker symbol “CMCT.” The Company has authorized for issuance 900,000,000 shares of common stock and 100,000,000 shares of preferred stock (“Preferred Stock”). </span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">June 2022, the Company has</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> been conducting a continuous public offering with respect to shares of its Series A1 Preferred Stock, par value $0.001 per share with an initial stated value of $25.00 per share, subject to adjustment (Note 10). </span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has qualified and intends to continue to qualify as a REIT, as defined in the Internal Revenue Code of 1986, as amended.</span></div>
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2022Q4 cmct Preferred Stock Including Temporary Equity Shares Authorized
PreferredStockIncludingTemporaryEquitySharesAuthorized
100000000 shares
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-9000000 usd
CY2021Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-9600000 usd
CY2022 cmct Loan And Leases Receivable Nonaccrual Loan And Lease Status Past Due Period
LoanAndLeasesReceivableNonaccrualLoanAndLeaseStatusPastDuePeriod
P60D
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
19000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1100000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
943000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
9637000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
8971000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
8319000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
8453000 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
5664000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
20949000 usd
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
20870000 usd
CY2021 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
6281000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
30000 usd
CY2021Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
0 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2120000 usd
CY2022Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
491000 usd
CY2021Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
491000 usd
CY2022Q4 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
37543000 usd
CY2021Q4 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
36095000 usd
CY2022Q4 us-gaap Incentive To Lessee
IncentiveToLessee
3900000 usd
CY2021Q4 us-gaap Incentive To Lessee
IncentiveToLessee
4000000 usd
CY2022Q4 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
3000000 usd
CY2021Q4 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
2700000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
46373000 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
45773000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9853000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
7065000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
56226000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
52838000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
387000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
579000 usd
CY2022 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2021Q4 us-gaap Land
Land
141236000 usd
CY2022Q4 us-gaap Land Improvements
LandImprovements
1837000 usd
CY2021Q4 us-gaap Land Improvements
LandImprovements
2644000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
455275000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company bases such estimates on historical experience, information available at the time, and assumptions the Company believes to be reasonable under the circumstances and at such time. Actual results could differ from those estimates.</span>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Financial instruments that subject us to credit risk consist primarily of cash and cash equivalents and interest rate swap agreements. The Company has its cash and cash equivalents on deposit with what it believes to be high-quality financial institutions. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to $250,000. Management routinely assesses the financial strength of its tenants and, as a consequence, believes that its accounts receivable credit risk exposure is limited.</span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The majority of the Company’s revenues are earned from properties located in California. The Company is subject to risks incidental to the ownership and operation of commercial real estate. These include, among others, the risks normally associated with changes in the general economic climate in the communities in which the Company operates, trends in the real estate industry, changes in tax laws, interest rate levels, availability of financing, and the potential liability under environmental and other laws.</span></div>
CY2021 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2022 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2022Q4 us-gaap Land
Land
151727000 usd
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
454431000 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
4339000 usd
CY2021Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
4398000 usd
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
34372000 usd
CY2021Q4 us-gaap Tenant Improvements
TenantImprovements
29733000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
12863000 usd
CY2021Q4 us-gaap Development In Process
DevelopmentInProcess
10260000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
660413000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
642702000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
158407000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
144718000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
502006000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
497984000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
17300000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
16900000 usd
CY2022 cmct Percentage Of Ownership Acquired
PercentageOfOwnershipAcquired
1
CY2022 cmct Number Of Properties Sold
NumberOfPropertiesSold
0 property
CY2021 cmct Percentage Of Ownership Acquired
PercentageOfOwnershipAcquired
1
CY2021 cmct Number Of Properties Sold
NumberOfPropertiesSold
0 property
CY2022Q4 cmct Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Below Market Lease
BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease
37000 usd
CY2021Q4 cmct Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Below Market Lease
BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease
0 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
10787000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
2933000 usd
CY2022 cmct Proceeds From Equity Method Investment Distribution Return On Investment
ProceedsFromEquityMethodInvestmentDistributionReturnOnInvestment
164000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
183392000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
284000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
62360000 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
73260000 usd
CY2022Q4 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1293000 usd
CY2021Q4 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1226000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1106000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
943000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
62547000 usd
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
73543000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4461000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5251000 usd
CY2022 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
254000 usd
CY2021 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
350000 usd
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
201145000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
166230000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
184267000 usd
CY2022Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
562000 usd
CY2021Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
467000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
303000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
321000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
56571000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
97461000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
383000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
31340000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
186379000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25785000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19979000 usd
CY2022 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
-9000 usd
CY2021 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-25794000 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-19979000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23153000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19187000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23154000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19187000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.11
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.04
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.11
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.04
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
40619000 usd
CY2022 cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
9500000 usd
CY2020Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
0.25 shares
CY2022 cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
9500000 usd
CY2022 cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
9500000 usd
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
41374 shares
CY2022Q2 cmct Stock Repurchase Program Average Cost Per Share
StockRepurchaseProgramAverageCostPerShare
7.32
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
303000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
33374 shares
CY2022Q3 cmct Stock Repurchase Program Average Cost Per Share
StockRepurchaseProgramAverageCostPerShare
7.15
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
239000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
587714 shares
CY2022Q3 cmct Stock Repurchase Program Average Cost Per Share
StockRepurchaseProgramAverageCostPerShare
7.10
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4173000 usd
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
662462 shares
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4715000 usd
CY2022Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3155000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
4541000 usd
CY2022Q4 cmct Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
19900000 usd
CY2022Q4 cmct Tenant Improvements Obligations
TenantImprovementsObligations
7900000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
46119000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
45365000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
29164000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
21441000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
15051000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
52711000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
209851000 usd
CY2022Q4 cmct Reserve For Uncertain Tax Positions
ReserveForUncertainTaxPositions
0 usd
CY2021Q4 cmct Reserve For Uncertain Tax Positions
ReserveForUncertainTaxPositions
0 usd
CY2021 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2022 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7076000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2141000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1131000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2992000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
5945000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-851000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
27000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
5918000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-850000 usd
CY2022Q4 us-gaap Assets
Assets
690248000 usd
CY2021Q4 us-gaap Assets
Assets
660866000 usd
CY2022 cmct Capital Expenditures
CapitalExpenditures
9508000 usd
CY2021 cmct Capital Expenditures
CapitalExpenditures
5907000 usd
CY2022 cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
40619000 usd
CY2021 cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
133290000 usd
CY2022 cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
50127000 usd
CY2021 cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
139197000 usd
CY2022Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
97100000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
151727000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
451040000 usd
CY2022Q4 cmct Sec Schedule Iii Real Estate And Accumulated Depreciation Net Costs Capitalized Subsequent To Acquisition Or Writeoffs Buildings And Improvements
SecScheduleIiiRealEstateAndAccumulatedDepreciationNetCostsCapitalizedSubsequentToAcquisitionOrWriteoffsBuildingsAndImprovements
57646000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
151727000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
508686000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
660413000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
158407000 usd
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
714300000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
642702000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
637205000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
10548000 usd
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
5907000 usd
CY2022 cmct Sec Schedule Iii Real Estate Acquisitions
SecScheduleIiiRealEstateAcquisitions
10756000 usd
CY2021 cmct Sec Schedule Iii Real Estate Acquisitions
SecScheduleIiiRealEstateAcquisitions
2933000 usd
CY2022 cmct Sec Schedule Iii Real Estate Retirements
SECScheduleIIIRealEstateRetirements
3593000 usd
CY2021 cmct Sec Schedule Iii Real Estate Retirements
SECScheduleIIIRealEstateRetirements
3343000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
660413000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
642702000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
144718000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
131165000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
17282000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
16896000 usd
CY2022 cmct Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Assets Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationAssetsHeldForSale
0 usd
CY2021 cmct Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Assets Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationAssetsHeldForSale
0 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2022 cmct Sec Schedule Iii Real Estate Accumulated Depreciation Retirements
SecScheduleIiiRealEstateAccumulatedDepreciationRetirements
3593000 usd
CY2021 cmct Sec Schedule Iii Real Estate Accumulated Depreciation Retirements
SecScheduleIiiRealEstateAccumulatedDepreciationRetirements
3343000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
158407000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
144718000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
73543000 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
83135000 usd
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
133290000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
1086000 usd
CY2021 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
2559000 usd
CY2022 cmct Accretion Of Loan Fees And Discounts
AccretionOfLoanFeesAndDiscounts
1836000 usd
CY2021 cmct Accretion Of Loan Fees And Discounts
AccretionOfLoanFeesAndDiscounts
1424000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
20250000 usd
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
32370000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
34124000 usd
CY2021 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
114437000 usd
CY2022 cmct Mortgage Loans On Real Estate Other Bad Debt Expense Net Of Recoveries
MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries
163000 usd
CY2021 cmct Mortgage Loans On Real Estate Other Bad Debt Expense Net Of Recoveries
MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries
58000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
62547000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
73543000 usd

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