Creative Media & Community Trust: Q3 Earnings Snapshot

Associated Press Finance

2024-11-08

DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Friday reported a loss in a key measure in its third quarter.

The real estate investment trust, based in Dallas, said it had a funds from operations loss of $11.5 million, or 40 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $34.8 million, or $1.22 per share.

The real estate investment trust, based in Dallas, posted revenue of $28.6 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCT at https://www.zacks.com/ap/CMCT

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