2024 Q3 Form 10-Q Financial Statement

#000090831124000043 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $28.62M $34.44M
YoY Change 1.77% 5.13%
Cost Of Revenue $19.15M $18.91M
YoY Change 10.01% -1.5%
Gross Profit $9.464M $15.53M
YoY Change -11.63% 14.49%
Gross Profit Margin 33.07% 45.1%
Selling, General & Admin $2.747M $1.538M
YoY Change 26.01% -8.67%
% of Gross Profit 29.03% 9.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.513M $6.544M
YoY Change -59.52% -68.0%
% of Gross Profit 68.82% 42.13%
Operating Expenses $9.170M $7.994M
YoY Change -49.78% -63.92%
Operating Profit $294.0K $7.539M
YoY Change -103.89% -187.78%
Interest Expense $9.616M $9.226M
YoY Change -1.2% 5.94%
% of Operating Profit 3270.75% 122.38%
Other Income/Expense, Net
YoY Change
Pretax Income -$10.56M -$564.0K
YoY Change -34.38% -96.9%
Income Tax $15.00K $288.0K
% Of Pretax Income
Net Earnings -$10.38M -$796.0K
YoY Change -34.17% -95.41%
Net Earnings / Revenue -36.29% -2.31%
Basic Earnings Per Share -$1.22 -$0.43
Diluted Earnings Per Share -$1.22 -$0.43
COMMON SHARES
Basic Shares Outstanding 22.79M shares 22.79M shares
Diluted Shares Outstanding 28.49M shares 22.74M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.45M $29.32M
YoY Change -4.38% 19.39%
Cash & Equivalents $18.45M $29.32M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $4.198M $5.731M
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.65M $35.05M
YoY Change 2.5% 19.91%
LONG-TERM ASSETS
Property, Plant & Equipment $702.8M $699.3M
YoY Change -0.76% -1.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.20M $34.50M
YoY Change 16.71% 25.35%
Other Assets $38.61M $49.52M
YoY Change -29.55% -12.45%
Total Long-Term Assets $845.4M $856.2M
YoY Change -3.49% -3.85%
TOTAL ASSETS
Total Short-Term Assets $22.65M $35.05M
Total Long-Term Assets $845.4M $856.2M
Total Assets $868.0M $891.2M
YoY Change -3.34% -3.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.58M $26.82M
YoY Change -22.5% -14.82%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.45M $32.72M
YoY Change -9.11% -9.63%
LONG-TERM LIABILITIES
Long-Term Debt $478.3M $485.1M
YoY Change 1.71% -0.55%
Other Long-Term Liabilities $10.60M $11.94M
YoY Change -20.87% -16.9%
Total Long-Term Liabilities $488.9M $497.1M
YoY Change 1.08% -1.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.45M $32.72M
Total Long-Term Liabilities $488.9M $497.1M
Total Liabilities $524.4M $529.8M
YoY Change 0.3% -1.6%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $87.00K $23.00K
YoY Change 278.26% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $321.0M $351.1M
YoY Change
Total Liabilities & Shareholders Equity $868.0M $891.2M
YoY Change -3.34% -3.1%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$10.38M -$796.0K
YoY Change -34.17% -95.41%
Depreciation, Depletion And Amortization $6.513M $6.544M
YoY Change -59.52% -68.0%
Cash From Operating Activities $10.34M $3.924M
YoY Change 40.87% -41.03%
INVESTING ACTIVITIES
Capital Expenditures $8.996M $2.092M
YoY Change 102.61% 27.64%
Acquisitions
YoY Change
Other Investing Activities -$4.320M $1.097M
YoY Change 483.78% -92.7%
Cash From Investing Activities -$13.32M -$995.0K
YoY Change 157.07% -107.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.89M 2.269M
YoY Change 63.09% -112.25%
NET CHANGE
Cash From Operating Activities 10.34M 3.924M
Cash From Investing Activities -13.32M -995.0K
Cash From Financing Activities -11.89M 2.269M
Net Change In Cash -14.87M 5.198M
YoY Change 189.77% 244.01%
FREE CASH FLOW
Cash From Operating Activities $10.34M $3.924M
Capital Expenditures $8.996M $2.092M
Free Cash Flow $1.344M $1.832M
YoY Change -53.66% -63.47%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-904000 usd
us-gaap Profit Loss
ProfitLoss
-4757000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1106000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-18361000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
381322000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
8709000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/srt/2024#HotelMember
us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/srt/2024#HotelMember
CY2022 us-gaap Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
http://fasb.org/us-gaap/2024#AccountingStandardsUpdate201613Member
CY2024Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
364754 shares
CY2024Q2 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
364754 shares
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
23000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
23000 usd
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
851979000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
852476000 usd
CY2024Q2 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
947762000 usd
CY2023Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
921925000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
351069000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
374403000 usd
CY2024Q2 us-gaap Minority Interest
MinorityInterest
2092000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
2366000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
353161000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
376769000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
891228000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
891200000 usd
CY2024Q2 cmct Operating Lease And Other Property Revenue
OperatingLeaseAndOtherPropertyRevenue
19249000 usd
CY2023Q2 cmct Operating Lease And Other Property Revenue
OperatingLeaseAndOtherPropertyRevenue
18052000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11696000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11182000 usd
CY2024Q2 cmct Interest And Other Operating Income
InterestAndOtherOperatingIncome
3494000 usd
CY2023Q2 cmct Interest And Other Operating Income
InterestAndOtherOperatingIncome
3526000 usd
CY2024Q2 us-gaap Revenues
Revenues
34439000 usd
CY2023Q2 us-gaap Revenues
Revenues
32760000 usd
CY2024Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
17196000 usd
CY2023Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
16979000 usd
CY2024Q2 cmct Related Party Asset Management Fees And Other Fees
RelatedPartyAssetManagementFeesAndOtherFees
425000 usd
CY2023Q2 cmct Related Party Asset Management Fees And Other Fees
RelatedPartyAssetManagementFeesAndOtherFees
627000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
9226000 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1403000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1684000 usd
CY2024Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
135000 usd
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6456000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20472000 usd
CY2024Q2 us-gaap Costs And Expenses
CostsAndExpenses
36126000 usd
CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
50058000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1123000 usd
CY2024Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
CY2023Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-564000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18202000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
288000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
159000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-852000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-18361000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-56000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1002000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-796000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-17359000 usd
CY2024Q2 cmct Redeemable Preferred Stock Dividends Declared And Accumulated
RedeemablePreferredStockDividendsDeclaredAndAccumulated
7876000 usd
CY2023Q2 cmct Redeemable Preferred Stock Dividends Declared And Accumulated
RedeemablePreferredStockDividendsDeclaredAndAccumulated
6141000 usd
CY2024Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
428000 usd
CY2023Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2024Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
567000 usd
CY2023Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
315000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9667000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-23815000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.05
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.05
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22738000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22707000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22738000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22707000 shares
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
376769000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
55000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.085
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
1937000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-3905000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
372079000 usd
CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
43000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
55000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.085
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1937000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-852000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
353161000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
362033000 usd
CY2023Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5002000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
55000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.085
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
1933000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-7576000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
378682000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
37000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.085
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1933000 usd
us-gaap Profit Loss
ProfitLoss
-25937000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13111000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30056000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1104000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1133000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1025000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
10000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
18000 usd
cmct Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
312000 usd
cmct Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
520000 usd
cmct Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
92000 usd
cmct Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
195000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
314000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-136000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-18000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
275000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
110000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
92000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
797000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-136000 usd
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
10821000 usd
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
13359000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
8559000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
12722000 usd
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
582000 usd
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
708000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-294000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-245000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
771000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
848000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1132000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4491000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2589000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13152000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
1046000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
435000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1045000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3585000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
2440000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1570000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5540000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9420000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3782000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
6455000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
96731000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1096000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
30613000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
530000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6680000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
330000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
3607000 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
4769000 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
5105000 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
6333000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1388000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-77689000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
6428000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
151162000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
20000000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
222415000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
54141000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
582000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
708000 usd
cmct Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
695000 usd
cmct Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
501000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
206000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3167000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3874000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3866000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
27873000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
51024000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
15527000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
15713000 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
18058000 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
93330000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
43000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2460000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59133000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6612000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9136000 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50840000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48344000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29323000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24561000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
21517000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
23783000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50840000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48344000 usd
us-gaap Interest Paid Net
InterestPaidNet
16906000 usd
us-gaap Interest Paid Net
InterestPaidNet
13032000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
166000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
500000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3953000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3813000 usd
cmct Proceeds From The Sale Of Real Estate Committed But Not Yet Paid
ProceedsFromTheSaleOfRealEstateCommittedButNotYetPaid
0 usd
cmct Proceeds From The Sale Of Real Estate Committed But Not Yet Paid
ProceedsFromTheSaleOfRealEstateCommittedButNotYetPaid
3787000 usd
cmct Other Amounts Due From Unconsolidated Joint Venture Partners Included In Other Assets
OtherAmountsDueFromUnconsolidatedJointVenturePartnersIncludedInOtherAssets
396000 usd
cmct Other Amounts Due From Unconsolidated Joint Venture Partners Included In Other Assets
OtherAmountsDueFromUnconsolidatedJointVenturePartnersIncludedInOtherAssets
1445000 usd
cmct Non Cash Contributions To Unconsolidated Joint Venture
NonCashContributionsToUnconsolidatedJointVenture
0 usd
cmct Non Cash Contributions To Unconsolidated Joint Venture
NonCashContributionsToUnconsolidatedJointVenture
8600000 usd
cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
623000 usd
cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
134000 usd
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1937000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1933000 usd
cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
2617000 usd
cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
2088000 usd
cmct Offering Costs Offset Against Redeemable Preferred Stock Permanent Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockPermanentEquity
508000 usd
cmct Offering Costs Offset Against Redeemable Preferred Stock Permanent Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockPermanentEquity
842000 usd
cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
496000 usd
cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
0 usd
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
0 usd
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
15616000 usd
cmct Reclassifications Of Permanent Equity To Liabilities
ReclassificationsOfPermanentEquityToLiabilities
0 usd
cmct Reclassifications Of Permanent Equity To Liabilities
ReclassificationsOfPermanentEquityToLiabilities
328000 usd
us-gaap Notes Assumed1
NotesAssumed1
0 usd
us-gaap Notes Assumed1
NotesAssumed1
181318000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
428000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
cmct Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
204000 usd
cmct Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
369000 usd
cmct Noncash Financing And Investing Activities Acquisition To Noncontrolling Interests
NoncashFinancingAndInvestingActivitiesAcquisitionToNoncontrollingInterests
0 usd
cmct Noncash Financing And Investing Activities Acquisition To Noncontrolling Interests
NoncashFinancingAndInvestingActivitiesAcquisitionToNoncontrollingInterests
5002000 usd
us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-bottom:8pt;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:120%">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:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 (“CIM Group”) and its affiliates 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>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.”
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
us-gaap Fiscal Period
FiscalPeriod
<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%">Interim Financial Information</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The accompanying interim consolidated financial statements of the Company have been prepared by the Company’s management in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the interim consolidated financial statements do not include all of the information and notes required by GAAP for complete financial statements. The accompanying financial information reflects all adjustments which are, in the opinion of the Company’s management, of a normal recurring nature and necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods. Operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The accompanying interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto, included in the 2023 Form 10-K.</span></div>
CY2024Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2024Q2 us-gaap Incentive To Lessee
IncentiveToLessee
3900000 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
3900000 usd
CY2024Q2 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
3500000 usd
CY2023Q4 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
3300000 usd
CY2024Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
16338000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
15198000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
32686000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
27672000 usd
CY2024Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2911000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2854000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5336000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5266000 usd
CY2024Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
19249000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
18052000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
38022000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
32938000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
504000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
868000 usd
cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2024Q2 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2023Q2 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-8000000.0 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-8400000 usd
cmct Loan And Leases Receivable Nonaccrual Loan And Lease Status Past Due Period
LoanAndLeasesReceivableNonaccrualLoanAndLeaseStatusPastDuePeriod
P60D
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1600000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1700000 usd
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
14755000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
14757000 usd
CY2024Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
11123000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
10483000 usd
CY2024Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
6578000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
6613000 usd
CY2024Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
5114000 usd
CY2023Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
4925000 usd
CY2024Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1138000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
764000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1062000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1436000 usd
CY2024Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
491000 usd
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
491000 usd
CY2024Q2 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
28000000 usd
CY2023Q4 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
28222000 usd
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>
CY2024Q2 us-gaap Land
Land
175682000 usd
CY2023Q4 us-gaap Land
Land
175715000 usd
CY2024Q2 us-gaap Land Improvements
LandImprovements
5863000 usd
CY2023Q4 us-gaap Land Improvements
LandImprovements
5862000 usd
CY2024Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
635273000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
633299000 usd
CY2024Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
11562000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
11627000 usd
CY2024Q2 us-gaap Tenant Improvements
TenantImprovements
26547000 usd
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
26460000 usd
CY2024Q2 us-gaap Development In Process
DevelopmentInProcess
18848000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
15915000 usd
CY2024Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
873775000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
868878000 usd
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
174446000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
164116000 usd
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
699329000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
704762000 usd
CY2024Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5800000 usd
CY2023Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5900000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
11700000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
10700000 usd
cmct Number Of Properties Acquired Or Sold
NumberOfPropertiesAcquiredOrSold
0 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquisition
CY2023Q2 cmct Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeases
223000 usd
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
283051000 usd
cmct Acquired Finite Lived Intangible Liabilities Useful Life
AcquiredFiniteLivedIntangibleLiabilitiesUsefulLife
P5M
CY2024Q2 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
34502000 usd
CY2023Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
33505000 usd
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
58140000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
57555000 usd
CY2024Q2 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1143000 usd
CY2023Q4 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1130000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1607000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1680000 usd
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
57676000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
57005000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1680000 usd
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-36000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1644000 usd
CY2024Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-37000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1607000 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
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-37000 usd
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-73000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-142000 usd
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-91000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
85000 usd
CY2024Q2 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1143000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1607000 usd
CY2024Q2 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
2336000 usd
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
57676000 usd
CY2024Q2 cmct Financing Receivables Weighted Average Risk Rating
FinancingReceivablesWeightedAverageRiskRating
1.4
CY2024Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3758000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3948000 usd
CY2024Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
0 usd
CY2023Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
141000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
0 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
150000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
471561000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
19794000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
7010000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
769000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
485114000 usd
CY2024Q2 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
1900000 usd
CY2023Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
1800000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
5688000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
336941000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
105781000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
11095000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
205000 usd
CY2024Q2 cmct Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
28681000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
488391000 usd
CY2023 cmct Number Of Mortgage Loans Assumed
NumberOfMortgageLoansAssumed
2 mortgage_loan
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9667000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-23815000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21962000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36530000 usd
CY2024Q2 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 usd
CY2023Q2 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 usd
cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 usd
cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-9667000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-23815000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21962000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-36530000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22738000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22707000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22738000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22707000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22738000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22707000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22738000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22707000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.97
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.61
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.61
cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
11600000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
428000 usd
CY2024Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
428000 usd
CY2023Q2 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2020Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
0.25 shares
cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
11600000 usd
cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
11600000 usd
CY2020Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
0.25 shares
CY2022Q2 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000.0 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2024Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
662462 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4700000 usd
CY2022Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 usd
CY2024Q2 cmct Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
19600000 usd
CY2024Q2 cmct Tenant Improvements Obligations
TenantImprovementsObligations
6300000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
29008000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
37333000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
26716000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
19235000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
14856000 usd
CY2024Q2 cmct Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
52404000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
179552000 usd
cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
CY2024Q2 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
CY2023Q2 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-564000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18202000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4199000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-25522000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
288000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
159000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
558000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
415000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-852000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-18361000 usd
us-gaap Profit Loss
ProfitLoss
-4757000 usd
us-gaap Profit Loss
ProfitLoss
-25937000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-56000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1002000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-231000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1627000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-796000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-17359000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4526000 usd
us-gaap Net Income Loss
NetIncomeLoss
-24310000 usd
CY2024Q2 us-gaap Assets
Assets
891228000 usd
CY2023Q4 us-gaap Assets
Assets
891200000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
0000908311-24-000043-index-headers.html Edgar Link pending
0000908311-24-000043-index.html Edgar Link pending
0000908311-24-000043.txt Edgar Link pending
0000908311-24-000043-xbrl.zip Edgar Link pending
cmct-20240630.htm Edgar Link pending
cmct-20240630.xsd Edgar Link pending
exhibit103cmct-xjpmorganxc.htm Edgar Link pending
exhibit311q22024.htm Edgar Link pending
exhibit312q22024.htm Edgar Link pending
exhibit321q22024.htm Edgar Link pending
exhibit322q22024.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
cmct-20240630_cal.xml Edgar Link unprocessable
cmct-20240630_def.xml Edgar Link unprocessable
cmct-20240630_lab.xml Edgar Link unprocessable
cmct-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
cmct-20240630_htm.xml Edgar Link completed
image_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending