2024 Q1 Form 10-K Financial Statement

#000090831124000011 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $34.00M $29.47M $119.3M
YoY Change 17.59% 13.92% 17.03%
Cost Of Revenue $19.54M $16.36M $70.04M
YoY Change 14.41% 12.34% 20.86%
Gross Profit $14.46M $13.11M $49.22M
YoY Change 22.18% 15.95% 11.97%
Gross Profit Margin 42.52% 44.48% 41.27%
Selling, General & Admin $2.309M $3.391M $12.54M
YoY Change -56.31% 76.98% 76.82%
% of Gross Profit 15.97% 25.87% 25.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.567M $6.519M $52.67M
YoY Change -31.62% 22.63% 156.96%
% of Gross Profit 45.43% 49.74% 107.01%
Operating Expenses $8.787M $9.819M $65.02M
YoY Change -40.58% 36.51% 136.97%
Operating Profit $5.668M $3.287M -$15.81M
YoY Change -291.75% -20.02% -195.71%
Interest Expense $8.977M -$11.90M -$35.53M
YoY Change 43.95% 317.54% -469.9%
% of Operating Profit 158.38% -362.03%
Other Income/Expense, Net
YoY Change
Pretax Income -$3.635M -$8.613M -$50.23M
YoY Change -50.34% -783.57% -809.84%
Income Tax $270.0K $259.0K $1.228M
% Of Pretax Income
Net Earnings -$3.730M -$16.26M -$75.73M
YoY Change -46.34% 81.89% -1379.6%
Net Earnings / Revenue -10.97% -55.19% -63.5%
Basic Earnings Per Share -$0.54 -$3.33
Diluted Earnings Per Share -$0.54 -$0.72 -$3.33
COMMON SHARES
Basic Shares Outstanding 22.79M shares 22.79M shares 22.72M shares
Diluted Shares Outstanding 22.74M shares 22.72M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.31M $19.29M $19.29M
YoY Change -5.26% -58.24% -58.24%
Cash & Equivalents $21.31M $19.29M $19.29M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.030M $5.347M $5.347M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.34M $24.64M $24.64M
YoY Change -10.29% -50.7% -50.7%
LONG-TERM ASSETS
Property, Plant & Equipment $700.6M $704.8M $704.8M
YoY Change -2.13% 40.39% 40.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $33.71M $33.51M $33.51M
YoY Change 18.8% 170.62% 170.62%
Other Assets $52.13M $53.16M $53.16M
YoY Change -10.49% 8.86% 8.86%
Total Long-Term Assets $860.2M $866.6M $866.6M
YoY Change -7.22% 35.34% 35.34%
TOTAL ASSETS
Total Short-Term Assets $27.34M $24.64M $24.64M
Total Long-Term Assets $860.2M $866.6M $866.6M
Total Assets $887.5M $891.2M $891.2M
YoY Change -7.32% 29.11% 29.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.64M $26.43M $26.43M
YoY Change -18.46% -75.35% -75.35%
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 $28.97M $29.89M $29.89M
YoY Change -17.98% -72.92% -72.92%
LONG-TERM LIABILITIES
Long-Term Debt $472.8M $471.6M $471.6M
YoY Change -9.21% 155.91% 155.91%
Other Long-Term Liabilities $13.64M $12.98M $12.98M
YoY Change -14.6% -27.38% -27.38%
Total Long-Term Liabilities $486.5M $484.5M $484.5M
YoY Change -9.37% 139.7% 139.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.97M $29.89M $29.89M
Total Long-Term Liabilities $486.5M $484.5M $484.5M
Total Liabilities $515.4M $516.8M $516.8M
YoY Change -9.9% 65.37% 65.17%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $23.00K $23.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $369.9M $374.4M $374.4M
YoY Change
Total Liabilities & Shareholders Equity $887.5M $891.2M $891.2M
YoY Change -7.32% 29.11% 29.11%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$3.730M -$16.26M -$75.73M
YoY Change -46.34% 81.89% -1379.6%
Depreciation, Depletion And Amortization $6.567M $6.519M $52.67M
YoY Change -31.62% 22.63% 156.96%
Cash From Operating Activities $1.616M -$4.763M $12.00M
YoY Change -41.58% -215.63% -62.98%
INVESTING ACTIVITIES
Capital Expenditures $1.690M $2.427M $110.1M
YoY Change -98.34% -0.25% 461.43%
Acquisitions
YoY Change
Other Investing Activities $1.297M -$3.398M $21.36M
YoY Change -87.62% -189.59% -899.78%
Cash From Investing Activities -$393.0K -$5.825M -$88.70M
YoY Change -99.57% -528.31% 298.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.918M
YoY Change -161.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $191.0K 11.61M 63.45M
YoY Change -99.75% -53.95% 363.35%
NET CHANGE
Cash From Operating Activities $1.616M -4.763M 12.00M
Cash From Investing Activities -$393.0K -5.825M -88.70M
Cash From Financing Activities $191.0K 11.61M 63.45M
Net Change In Cash $1.414M 1.018M -13.25M
YoY Change -113.28% -96.68% -155.61%
FREE CASH FLOW
Cash From Operating Activities $1.616M -$4.763M $12.00M
Capital Expenditures $1.690M $2.427M $110.1M
Free Cash Flow -$74.00K -$7.190M -$98.06M
YoY Change -99.93% -526.45% -865.68%

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1215000 usd
CY2022 cmct Unrealized Premium Adjustment
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CY2022 us-gaap Share Based Compensation
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1328000 usd
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164000 usd
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1991000 usd
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480000 usd
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Deferred Leasing Fees
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1049000 usd
CY2022 us-gaap Increase Decrease In Deferred Leasing Fees
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2056000 usd
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-4875000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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995000 usd
CY2023 us-gaap Increase Decrease In Due To Related Parties
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308000 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
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3614000 usd
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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32410000 usd
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33304000 usd
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22652000 usd
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0 usd
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10271000 usd
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13871000 usd
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182700000 usd
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334882000 usd
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54141000 usd
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2972000 usd
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692000 usd
CY2023 cmct Payments Of Deferred Stock Issuance Costs
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859000 usd
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PaymentsOfDeferredStockIssuanceCosts
1581000 usd
CY2023 cmct Paymentof Other Deferred Costs
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3211000 usd
CY2022 cmct Paymentof Other Deferred Costs
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2928000 usd
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7732000 usd
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7658000 usd
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4715000 usd
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103228000 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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148007000 usd
CY2023 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2022 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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67417000 usd
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PaymentsOfDividendsPreferredStockAndPreferenceStock
29500000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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24327000 usd
CY2023 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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106146000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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8527000 usd
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38000 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
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4000 usd
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5000 usd
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63446000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13693000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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23829000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44228000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57480000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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19290000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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46190000 usd
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24938000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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11290000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44228000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57480000 usd
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1560000 usd
CY2022 us-gaap Income Taxes Paid
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1105000 usd
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1502000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3859000 usd
CY2023 cmct Proceeds From The Sale Of Real Estate Committed But Not Yet Paid
ProceedsFromTheSaleOfRealEstateCommittedButNotYetPaid
1096000 usd
CY2022 cmct Proceeds From The Sale Of Real Estate Committed But Not Yet Paid
ProceedsFromTheSaleOfRealEstateCommittedButNotYetPaid
0 usd
CY2023 cmct Other Amounts Due From Unconsolidated Joint Venture Partners Included In Other Assets
OtherAmountsDueFromUnconsolidatedJointVenturePartnersIncludedInOtherAssets
1445000 usd
CY2022 cmct Other Amounts Due From Unconsolidated Joint Venture Partners Included In Other Assets
OtherAmountsDueFromUnconsolidatedJointVenturePartnersIncludedInOtherAssets
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CY2023 cmct Non Cash Contributions To Unconsolidated Joint Venture
NonCashContributionsToUnconsolidatedJointVenture
8600000 usd
CY2022 cmct Non Cash Contributions To Unconsolidated Joint Venture
NonCashContributionsToUnconsolidatedJointVenture
0 usd
CY2023 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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0 usd
CY2022 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
22000 usd
CY2023 cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
125000 usd
CY2022 cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
68000 usd
CY2023 cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
2508000 usd
CY2022 cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
6276000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1937000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1933000 usd
CY2023 cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
1655000 usd
CY2022 cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
2105000 usd
CY2023 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
15616000 usd
CY2022 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
37766000 usd
CY2023 us-gaap Notes Assumed1
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181318000 usd
CY2022 us-gaap Notes Assumed1
NotesAssumed1
0 usd
CY2023 cmct Reclassifications Of Permanent Equity To Liabilities
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0 usd
CY2022 cmct Reclassifications Of Permanent Equity To Liabilities
ReclassificationsOfPermanentEquityToLiabilities
83838000 usd
CY2023 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2022 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
19000 usd
CY2023 cmct Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
282000 usd
CY2022 cmct Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
450000 usd
CY2023 cmct Noncash Financing And Investing Activities Acquisition To Noncontrolling Interests
NoncashFinancingAndInvestingActivitiesAcquisitionToNoncontrollingInterests
5002000 usd
CY2022 cmct Noncash Financing And Investing Activities Acquisition To Noncontrolling Interests
NoncashFinancingAndInvestingActivitiesAcquisitionToNoncontrollingInterests
0 usd
CY2023 us-gaap Stock Issued1
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0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
5000000 usd
CY2023 us-gaap Nature Of Operations
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<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 (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 Management, LLC and its affiliates (collectively, “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%">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 11). </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>
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Shares Authorized
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900000000 shares
CY2023Q4 cmct Preferred Stock Including Temporary Equity Shares Authorized
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100000000 shares
CY2023 us-gaap Impairment Of Real Estate
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0 usd
CY2022 us-gaap Impairment Of Real Estate
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0 usd
CY2023Q4 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
28222000 usd
CY2022Q4 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
37543000 usd
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-8400000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
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-9000000 usd
CY2023 cmct Loan And Leases Receivable Nonaccrual Loan And Lease Status Past Due Period
LoanAndLeasesReceivableNonaccrualLoanAndLeaseStatusPastDuePeriod
P60D
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1100000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
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1700000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
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14757000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net
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20949000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
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10483000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
9637000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
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6613000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
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8319000 usd
CY2023Q4 us-gaap Deferred Offering Costs
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4925000 usd
CY2022Q4 us-gaap Deferred Offering Costs
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5664000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
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764000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
30000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1436000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2120000 usd
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
491000 usd
CY2022Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
491000 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
3900000 usd
CY2022Q4 us-gaap Incentive To Lessee
IncentiveToLessee
3900000 usd
CY2023Q4 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
3300000 usd
CY2022Q4 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
3000000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
55520000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
46373000 usd
CY2023 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
10482000 usd
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9853000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
66002000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
56226000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
868000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
387000 usd
CY2023 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2022 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<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%">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 at such time. Actual results could differ from those estimates.</span></div>
CY2023 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>
CY2023 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
CY2022 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2023Q4 us-gaap Land
Land
175715000 usd
CY2022Q4 us-gaap Land
Land
151727000 usd
CY2023Q4 us-gaap Land Improvements
LandImprovements
5862000 usd
CY2022Q4 us-gaap Land Improvements
LandImprovements
1837000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
633299000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
455275000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
11627000 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
4339000 usd
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
26460000 usd
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
34372000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
15915000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
12863000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
868878000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
660413000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
164116000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
158407000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
704762000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
502006000 usd
CY2023 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
22400000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
17300000 usd
CY2022 cmct Percentage Of Ownership Acquired
PercentageOfOwnershipAcquired
1
CY2022 cmct Number Of Properties Sold
NumberOfPropertiesSold
0 property
CY2023Q4 cmct Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Below Market Lease
BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease
223000 usd
CY2022Q4 cmct Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Below Market Lease
BusinessCombinationRecognizedIdentifiableAssetAcquiredAndLiabilityAssumedBelowMarketLease
37000 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
283051000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
10787000 usd
CY2023 cmct Acquired Finite Lived Intangible Liabilities Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesUsefulLife
P5M
CY2023Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
33505000 usd
CY2022Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
12381000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
57555000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
62360000 usd
CY2023Q4 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1130000 usd
CY2022Q4 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1293000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1680000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1106000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
57005000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
62547000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1106000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
51000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1940000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
85000 usd
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-142000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1713000 usd
CY2023Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-9000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1704000 usd
CY2023Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-24000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1680000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-124000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
85000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1700000 usd
CY2023Q4 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1130000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1680000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
57005000 usd
CY2023Q4 cmct Financing Receivables Weighted Average Risk Rating
FinancingReceivablesWeightedAverageRiskRating
1.3
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3948000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4461000 usd
CY2023 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
243000 usd
CY2022 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
254000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
184267000 usd
CY2023 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
567130000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
281319000 usd
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1483000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
471561000 usd
CY2023Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
1800000 usd
CY2022Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
562000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
78812000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
250365000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
105808000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
11124000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
238000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
29054000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
475401000 usd
CY2023 cmct Number Of Mortgage Loans Assumed
NumberOfMortgageLoansAssumed
2 mortgage_loan
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
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
662462 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-75727000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25785000 usd
CY2023 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 usd
CY2022 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
-9000 usd
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-75727000 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-25794000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22723000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23153000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22723000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23154000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.33
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.11
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.33
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.11
CY2023 cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
10400000 usd
CY2020Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
0.25 shares
CY2023 cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
10400000 usd
CY2023 cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
10400000 usd
CY2023Q4 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
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4715000 usd
CY2022Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 usd
CY2023Q4 cmct Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
12600000 usd
CY2023Q4 cmct Tenant Improvements Obligations
TenantImprovementsObligations
5000000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
62035000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
33055000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
23491000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
15866000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
12381000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
37929000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
184757000 usd
CY2023Q4 cmct Reserve For Uncertain Tax Positions
ReserveForUncertainTaxPositions
0 usd
CY2022Q4 cmct Reserve For Uncertain Tax Positions
ReserveForUncertainTaxPositions
0 usd
CY2023 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
CY2022 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
2 property
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-50228000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7076000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1228000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1131000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-51456000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
5945000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2971000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
27000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-48485000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
5918000 usd
CY2023Q4 us-gaap Assets
Assets
891200000 usd
CY2022Q4 us-gaap Assets
Assets
690248000 usd
CY2023 cmct Capital Expenditures
CapitalExpenditures
10969000 usd
CY2022 cmct Capital Expenditures
CapitalExpenditures
9508000 usd
CY2023 cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
45188000 usd
CY2022 cmct Disposal Group Including Discontinued Operation New Mortgage Loans
DisposalGroupIncludingDiscontinuedOperationNewMortgageLoans
40619000 usd
CY2023 cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
56157000 usd
CY2022 cmct Capital Expenditures And Disposal Group Originations Cost
CapitalExpendituresAndDisposalGroupOriginationsCost
50127000 usd
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
250700000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
175715000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
641436000 usd
CY2023Q4 cmct Sec Schedule Iii Real Estate And Accumulated Depreciation Net Costs Capitalized Subsequent To Acquisition Or Writeoffs Buildings And Improvements
SecScheduleIiiRealEstateAndAccumulatedDepreciationNetCostsCapitalizedSubsequentToAcquisitionOrWriteoffsBuildingsAndImprovements
51727000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
175715000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
693163000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
868878000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
164116000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
956900000 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
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
10969000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
10548000 usd
CY2023 cmct Sec Schedule Iii Real Estate Acquisitions
SecScheduleIiiRealEstateAcquisitions
255993000 usd
CY2022 cmct Sec Schedule Iii Real Estate Acquisitions
SecScheduleIiiRealEstateAcquisitions
10756000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
49484000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 usd
CY2023 cmct Sec Schedule Iii Real Estate Retirements
SECScheduleIIIRealEstateRetirements
9013000 usd
CY2022 cmct Sec Schedule Iii Real Estate Retirements
SECScheduleIIIRealEstateRetirements
3593000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
868878000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
660413000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
158407000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
144718000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
22384000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
17282000 usd
CY2023 cmct Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Assets Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationAssetsHeldForSale
0 usd
CY2022 cmct Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Assets Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationAssetsHeldForSale
0 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
7662000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2023 cmct Sec Schedule Iii Real Estate Accumulated Depreciation Retirements
SecScheduleIiiRealEstateAccumulatedDepreciationRetirements
9013000 usd
CY2022 cmct Sec Schedule Iii Real Estate Accumulated Depreciation Retirements
SecScheduleIiiRealEstateAccumulatedDepreciationRetirements
3593000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
164116000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
158407000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
62547000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
73543000 usd
CY2023 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
45188000 usd
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
40619000 usd
CY2023 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
742000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
1086000 usd
CY2023 cmct Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Bad Debt Recovery
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateBadDebtRecovery
125000 usd
CY2022 cmct Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Bad Debt Recovery
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateBadDebtRecovery
0 usd
CY2023 cmct Accretion Of Loan Fees And Discounts
AccretionOfLoanFeesAndDiscounts
1643000 usd
CY2022 cmct Accretion Of Loan Fees And Discounts
AccretionOfLoanFeesAndDiscounts
1836000 usd
CY2023 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
16843000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
20250000 usd
CY2023 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
35614000 usd
CY2022 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
34124000 usd
CY2023 cmct Mortgage Loans On Real Estate Other Bad Debt Expense Net Of Recoveries
MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries
0 usd
CY2022 cmct Mortgage Loans On Real Estate Other Bad Debt Expense Net Of Recoveries
MortgageLoansOnRealEstateOtherBadDebtExpenseNetOfRecoveries
163000 usd
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
57005000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
62547000 usd

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