2024 Q4 Form 10-Q Financial Statement

#000090831124000063 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 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 86.69M shares 22.79M shares 22.79M shares
Diluted Shares Outstanding 28.49M shares 22.74M shares

Balance Sheet

Concept 2024 Q4 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 Q4 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%

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CREATIVE MEDIA & COMMUNITY TRUST CORPORATION
CY2024Q3 us-gaap Assets
Assets
868049000 usd
CY2023Q4 us-gaap Assets
Assets
891200000 usd
CY2024Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
478339000 usd
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
471561000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
26582000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
26426000 usd
CY2024Q3 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
8864000 usd
CY2024Q3 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
913630 shares
CY2024Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
913630 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22786741 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22786741 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
87000 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
23000 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
984978000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
852476000 usd
CY2024Q3 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
985874000 usd
CY2023Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
921925000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
320961000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
374403000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
1900000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
2366000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
322861000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
376769000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
868049000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
891200000 usd
CY2023Q3 cmct Operating Lease And Other Property Revenue
OperatingLeaseAndOtherPropertyRevenue
17061000 usd
CY2024Q3 cmct Interest And Other Operating Income
InterestAndOtherOperatingIncome
3658000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
9616000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3398000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16082000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16093000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-15773000 usd
CY2024Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
16098000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28493000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24422000 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 Declared
CommonStockDividendsPerShareDeclared
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 Declared
CommonStockDividendsPerShareDeclared
0.085
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1937000 usd
CY2024Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
428000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-852000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
353161000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
55000 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2024Q3 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2024Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
327000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-10576000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
322861000 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 Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
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 Declared
CommonStockDividendsPerShareDeclared
0.085
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
1933000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-18361000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
381322000 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
38000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
36000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
1937000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-16647000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
375260000 usd
us-gaap Profit Loss
ProfitLoss
-15333000 usd
us-gaap Profit Loss
ProfitLoss
-42584000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19624000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
46153000 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
1639000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-1000 usd
cmct Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
549000 usd
cmct Unrealized Premium Adjustment
UnrealizedPremiumAdjustment
548000 usd
cmct Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
105000 usd
cmct Amortization And Accretion On Loans Receivable Net
AmortizationAndAccretionOnLoansReceivableNet
279000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
782000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
160000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
491000 usd
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-425000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-349000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-27000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
28000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
128000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-442000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1053000 usd
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
13017000 usd
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
13468000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
15257000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
13560000 usd
us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
1434000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-314000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-553000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2536000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-766000 usd
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
1095000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2377000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
5401000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15880000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
12778000 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 Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1463000 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
9279000 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
8550000 usd
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
7390000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14704000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
12690000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
20000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1198000 usd
cmct Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
1029000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
622000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5811000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5795000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
40450000 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
76082000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
23543000 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
22303000 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
24943000 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
99031000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
43000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
38000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9429000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51836000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8253000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14269000 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35975000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43211000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18454000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19261000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17521000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
23950000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43211000 usd
us-gaap Interest Paid Net
InterestPaidNet
25714000 usd
us-gaap Interest Paid Net
InterestPaidNet
21525000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
366000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
575000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4327000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1555000 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
2981000 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
714000 usd
cmct Stock Offering Costs Not Yet Paid
StockOfferingCostsNotYetPaid
166000 usd
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 usd
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1937000 usd
cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
2045000 usd
cmct Accrual Of Dividends Payable To Preferred Stockholders
AccrualOfDividendsPayableToPreferredStockholders
2307000 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
1242000 usd
cmct Offering Costs Offset Against Redeemable Preferred Stock Temporary Equity
OfferingCostsOffsetAgainstRedeemablePreferredStockTemporaryEquity
912000 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
us-gaap Notes Assumed1
NotesAssumed1
0 usd
us-gaap Notes Assumed1
NotesAssumed1
181318000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
755000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
cmct Redeemable Preferred Stock Fees Incurred But Not Yet Paid
RedeemablePreferredStockFeesIncurredButNotYetPaid
191000 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
cmct Preferred Stock Issuance Costs Incurred But Not Yet Paid
PreferredStockIssuanceCostsIncurredButNotYetPaid
5123000 usd
cmct Preferred Stock Issuance Costs Incurred But Not Yet Paid
PreferredStockIssuanceCostsIncurredButNotYetPaid
0 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.”
CY2024Q3 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 nine months ended September 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>
us-gaap Impairment Of Real Estate
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0 usd
us-gaap Impairment Of Real Estate
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0 usd
CY2024Q3 us-gaap Impairment Of Real Estate
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0 usd
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2024Q3 us-gaap Incentive To Lessee
IncentiveToLessee
3900000 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
3900000 usd
CY2024Q3 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
3600000 usd
CY2023Q4 cmct Incentive To Lessee Accumulated Amortization
IncentiveToLesseeAccumulatedAmortization
3300000 usd
CY2024Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
15397000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
14579000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
48083000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
42251000 usd
CY2024Q3 us-gaap Operating Lease Variable Lease Income
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2753000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2482000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
8089000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
7748000 usd
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
18150000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
17061000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
56172000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
49999000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
536000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
868000 usd
CY2023Q3 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2024Q3 cmct Tenant Reimbursements Excluding Lease Agreements
TenantReimbursementsExcludingLeaseAgreements
0 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
0 usd
CY2024Q3 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
-7900000 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
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1900000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1700000 usd
CY2024Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
13849000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
14757000 usd
CY2024Q3 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
11413000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
10483000 usd
CY2024Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
6152000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
6613000 usd
CY2024Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 usd
CY2023Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
4925000 usd
CY2024Q3 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1363000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
764000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1086000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1436000 usd
CY2024Q3 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
0 usd
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
491000 usd
CY2024Q3 cmct Deferred Rent Receivable And Charges Net
DeferredRentReceivableAndChargesNet
21087000 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>
CY2024Q3 us-gaap Land
Land
175682000 usd
CY2023Q4 us-gaap Land
Land
175715000 usd
CY2024Q3 us-gaap Land Improvements
LandImprovements
5863000 usd
CY2023Q4 us-gaap Land Improvements
LandImprovements
5862000 usd
CY2024Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
635150000 usd
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
633299000 usd
CY2024Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
11973000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
11627000 usd
CY2024Q3 us-gaap Tenant Improvements
TenantImprovements
26601000 usd
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
26460000 usd
CY2024Q3 us-gaap Development In Process
DevelopmentInProcess
27074000 usd
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
15915000 usd
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
882343000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
868878000 usd
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
179498000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
164116000 usd
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
702845000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
704762000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5900000 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5900000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
17500000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
16600000 usd
cmct Number Of Properties Acquired Or Sold
NumberOfPropertiesAcquiredOrSold
0 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 acquisition
CY2023Q3 cmct Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Leases
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeases
223000 usd
CY2023Q3 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
CY2024Q3 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
34196000 usd
CY2023Q4 us-gaap Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
33505000 usd
CY2024Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
56497000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
57555000 usd
CY2024Q3 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1111000 usd
CY2023Q4 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1130000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1866000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1680000 usd
CY2024Q3 us-gaap Notes Receivable Net
NotesReceivableNet
55742000 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
CY2024Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
259000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1866000 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
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
259000 usd
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
186000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-9000 usd
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-100000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
85000 usd
CY2024Q3 cmct Financing Receivables Deferred Capitalized Costs Net
FinancingReceivablesDeferredCapitalizedCostsNet
1111000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1866000 usd
CY2024Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
1539000 usd
CY2024Q3 us-gaap Notes Receivable Net
NotesReceivableNet
55742000 usd
CY2024Q3 cmct Financing Receivables Weighted Average Risk Rating
FinancingReceivablesWeightedAverageRiskRating
1.4
CY2024Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3663000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
3948000 usd
CY2024Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
0 usd
CY2023Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
93000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
0 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
243000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
471561000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
19627000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
13888000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1039000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
478339000 usd
CY2024Q3 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
1800000 usd
CY2023Q4 cmct Line Of Credit Facility Accrued Interest And Unused Commitment Fee Payable
LineOfCreditFacilityAccruedInterestAndUnusedCommitmentFeePayable
1800000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3795000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
332899000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
105700000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
11007000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
111000 usd
CY2024Q3 cmct Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
28001000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
481513000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34775000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22934000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-56737000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-59464000 usd
CY2024Q3 cmct Dilutive Securities Effect On Basic Earnings Per Share Redeemable Preferred Stock Dividends
DilutiveSecuritiesEffectOnBasicEarningsPerShareRedeemablePreferredStockDividends
0 usd
CY2023Q3 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
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-34775000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-22934000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-56737000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-59464000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28493000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24422000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25789000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24402000 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q3 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
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28493000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24422000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25789000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24402000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.94
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.44
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.94
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.44
cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
12000000.0 usd
CY2024Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
327000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
755000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q3 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
12000000.0 usd
cmct Preferred Stock And Warrants Offering Costs Non Issuance Specific Costs
PreferredStockAndWarrantsOfferingCostsNonIssuanceSpecificCosts
12000000.0 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.085
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2024Q3 cmct Common Stock Dividends Shares Per Share Declared
CommonStockDividendsSharesPerShareDeclared
0.0202 shares
CY2024Q3 us-gaap Share Price
SharePrice
1.985
CY2024Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
1684634 shares
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
CY2024Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
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
CY2024Q3 cmct Outstanding Loan Commitments And Approvals To Fund Loans
OutstandingLoanCommitmentsAndApprovalsToFundLoans
18500000 usd
CY2024Q3 cmct Tenant Improvements Obligations
TenantImprovementsObligations
12600000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
14540000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
41259000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
27370000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
19463000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
15091000 usd
CY2024Q3 cmct Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
52760000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
170483000 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
CY2024Q3 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
CY2023Q3 cmct Number Of Types Of Commercial Real Estate Properties
NumberOfTypesOfCommercialRealEstateProperties
3 property
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10561000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16093000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14760000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41615000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
554000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
573000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
969000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-10576000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-16647000 usd
us-gaap Profit Loss
ProfitLoss
-15333000 usd
us-gaap Profit Loss
ProfitLoss
-42584000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-192000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-874000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-423000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2501000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-10384000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-15773000 usd
us-gaap Net Income Loss
NetIncomeLoss
-14910000 usd
us-gaap Net Income Loss
NetIncomeLoss
-40083000 usd
CY2024Q3 us-gaap Assets
Assets
868049000 usd
CY2023Q4 us-gaap Assets
Assets
891200000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
0000908311-24-000063-index-headers.html Edgar Link pending
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