UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-13610 CREATIVE MEDIA & COMMUNITY TRUST CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Emp ...

Financial Data and Key Metrics Changes - The overall net operating income (NOI) for the fourth quarter of 2025 was $10.9 million, an increase from $7 million in the prior quarter [10] - Core Funds from Operations (FFO) was negative $5.9 million, compared to negative $7 million in the prior year [24] - The company reported a negative FFO of $7.1 million, or negative $4.49 per diluted share, an improvement from negative $8.7 million, or negative $23.21 per diluted share in the prior year [23] Business Line Data and Key Metrics Changes - Office segment NOI for Q4 2025 was $6.4 million, up from $5.2 million during Q4 2024, driven by increased occupancy and rental rates in properties located in Austin and Beverly Hills [19][20] - Hotel segment NOI for Q4 2025 was $2.1 million, consistent with the prior year [21] - Multifamily segment NOI decreased to a loss of $870,000 during Q4 2025, compared to income of $855,000 in the prior year, primarily due to unrealized losses on investments [21] Market Data and Key Metrics Changes - In Oakland, the vacancy rate declined to 8% from a high of 18% in 2001, with rent growth turning positive in 2025 after three years of declines [16] - The office segment occupancy rate reached 88.5% at the end of 2025, a 190 basis point increase from the third quarter and a 680 basis point improvement year-over-year [8][17] Company Strategy and Development Direction - The company is focusing on premier multifamily assets, strengthening its balance sheet, and improving liquidity [4] - The company completed the sale of its lending division for approximately $44.9 million, generating about $31.2 million in net cash proceeds [6][7] - The company plans to redeem approximately 2 million shares of Series A preferred stock, which is expected to improve annual FFO by approximately $16 million [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving cash flow in 2026, supported by rising net operating income across all segments [8] - The company anticipates lower interest expenses due to a potentially more favorable rate environment and plans to refinance the hotel following renovations [9] - Management noted that the company does not currently intend to initiate additional preferred stock redemptions but will evaluate requests as they arise [6] Other Important Information - The company has completed nine refinancings and fully retired its $169 million recourse credit facility [12] - The company is working on the extension of two more assets expected to be completed in Q2 2026 [12] Q&A Session Summary Question: What are the expectations for future cash flow improvements? - Management indicated that they see opportunities to improve cash flow in 2026, supported by several key drivers across the portfolio [8] Question: How is the company addressing its preferred stock redemptions? - Management stated that they do not currently intend to initiate additional preferred stock redemptions but will evaluate requests as they come in [6] Question: What is the status of the hotel renovations? - Management confirmed that the renovations at the Sheraton Grand Sacramento have been substantially completed and are expected to positively impact profitability [18]

Financial Data and Key Metrics Changes - The company's overall net operating income (NOI) for Q4 2025 was $10.9 million, an increase from $7 million in the prior quarter [10] - Core Funds from Operations (FFO) was negative $5.9 million, compared to negative $7 million in the prior year [24] - The overall FFO was negative $7.1 million, or negative $4.49 per diluted share, an improvement from negative $8.7 million, or negative $23.21 per diluted share in the prior year [23][24] Business Line Data and Key Metrics Changes - Office segment NOI increased to $6.4 million in Q4 2025 from $5.2 million in Q4 2024, driven by higher occupancy and rental rates [20][21] - Hotel segment NOI for Q4 2025 was $2.1 million, consistent with the prior year [22] - Multifamily segment NOI decreased to a loss of $870,000 in Q4 2025, compared to income of $855,000 in the prior year, primarily due to unrealized losses on investments [22] Market Data and Key Metrics Changes - In Oakland, multifamily occupancy improved to 88.4% at year-end 2025, a 370 basis point increase from the end of Q3 2025 [17] - The office segment occupancy reached 88.5% at the end of 2025, a 190 basis point improvement from Q3 2025 and a 680 basis point improvement year-over-year [18] - Rent growth in downtown San Francisco was 7.6% in 2025, the highest in over 25 years, with the vacancy rate declining to its lowest levels in 15 years [16] Company Strategy and Development Direction - The company is focusing on premier multifamily assets, strengthening its balance sheet, and improving liquidity [4] - Actions taken since September 2024 include financing on nine assets and the sale of the lending division, which generated approximately $31.2 million in net cash proceeds [5][6] - The company plans to continue evaluating asset sales to enhance liquidity and optimize its balance sheet [7] Management's Comments on Operating Environment and Future Outlook - Management sees opportunities to improve cash flow in 2026, supported by improving net operating income across all segments [7] - The company anticipates lower interest expenses due to a potentially more favorable rate environment and plans to refinance the hotel following renovations [9] - Management expressed confidence in the strategic plan and the positive trends in operating performance across the portfolio [4] Other Important Information - The company is redeeming approximately 2 million shares of Series A preferred stock, which is expected to improve annual funds from operations by approximately $16 million [5] - The company has completed renovations at the Sheraton Grand Sacramento, which is expected to significantly impact profitability in 2026 [19] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

Core Viewpoint - The conference call is focused on the financial performance and future outlook of the company, with key executives presenting insights and updates to investors [2]. Group 1: Company Overview - The call is led by Steve Altebrando, who is the Portfolio Oversight for CMCT, along with CEO David Thompson and CFO Brandon Hill [2]. - The earnings release, which includes a reconciliation of non-GAAP financial measures, is available on the company's Investor Relations website [2]. Group 2: Forward-Looking Statements - The company will make forward-looking statements based on current beliefs, assumptions, and available information [2]. - Actual results may differ from expectations due to known and unknown risks, trends, uncertainties, and other factors beyond the company's control [3][4].

SHAREHOLDER PRESENTATION | March 2026 Important Disclosures Forward-looking Statements The information set forth herein contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. These statements include the plans and objectives of management for future operations, including plans and objectives relating to fu ...

amortization6,9128,01627,08127,373Noncontrolling interests' proportionate share of depreciation and amortization(53)(66)(233)(306)Impairment of real estate3,471—3,692—Loss on assets held for sale298—298—Gain on sale of real estate——(679)—FFO attributable to common stockholders$(7,107)$(8,656)$(31,489)$(46,276)Redeemable preferred stock dividends declared on dilutive Company completed the sale of its lending division for a purchase price of approximately $44.9 million (which is net of the outstanding balance ...

Financial Performance - For the fourth quarter of 2025, the net loss attributable to common stockholders was $(17.7) million, or $(11.20) per diluted share, compared to a net loss of $(16.6) million, or $(44.52) per diluted share for the same period in 2024[13]. - Funds from operations (FFO) for the fourth quarter of 2025 was $(7.1) million, or $(4.49) per diluted share, an improvement from $(8.7) million, or $(23.21) per diluted share in Q4 2024[14]. - Net loss attributable to common stockholders for the year ended December 31, 2025, was $61,648 thousand, compared to a net loss of $73,343 thousand in 2024, reflecting an improvement of approximately 15.9%[40]. - Funds from Operations (FFO) attributable to common stockholders for the year ended December 31, 2025, was $(31,489) thousand, an improvement from $(46,276) thousand in 2024[40]. - Basic FFO per share for the year ended December 31, 2025, was $(34.26), compared to $(272.21) in 2024, indicating a significant reduction in losses per share[40]. - The company reported a net loss before provision for income taxes of $(39,078) thousand for the year ended December 31, 2025, compared to $(24,952) thousand in 2024, indicating a worsening of approximately 56.5%[40]. - Core FFO attributable to common stockholders for Q4 2025 was $(5,920) thousand, compared to $(6,953) thousand in Q4 2024, reflecting a decrease of 14.9% year-over-year[43]. - The net loss attributable to common stockholders for Q4 2025 was $(17,735) thousand, slightly higher than the $(16,606) thousand loss in Q4 2024[43]. Operational Metrics - The company's multifamily occupancy rate improved to 88.5% as of December 31, 2025, a 320 basis point increase from Q3 2025 and a 680 basis point increase from Q4 2024[8]. - The office portfolio was 74.8% leased as of December 31, 2025, down from 81.7% a year earlier, with a significant increase in occupancy at the 1130 Howard office building to 100% from 38.9% in Q3 2025[7]. - The hotel segment achieved a revenue per available room (RevPAR) of $134.24 for the year ended December 31, 2025, compared to $106.59 in 2024, with occupancy increasing to 63.1% from 54.5%[17]. - The multifamily segment reported a net operating income (NOI) of $(870,000) for Q4 2025, down from $855,000 in Q4 2024, with occupancy at 85.3%[21]. - Total segment net operating income (NOI) for Q4 2025 was $10.9 million, compared to $9.2 million for the same period in 2024[16]. - The company executed approximately 182,120 square feet of leases during 2025, with a leased percentage of 88.5% at year-end, a 190 basis point improvement from Q3 2025[9]. - Cash net operating income (NOI) for Q4 2025 was $11,462 thousand, an increase from $10,166 thousand in Q4 2024, representing a growth of 12.7%[48][49]. - Segment net operating income for Q4 2025 was $10,893 thousand, compared to $9,158 thousand in Q4 2024, indicating a year-over-year increase of 18.9%[48][49]. Financial Position - Total assets decreased to $859,187 thousand as of December 31, 2025, down from $889,555 thousand in 2024, representing a decline of approximately 3.9%[35]. - Total revenues for the year ended December 31, 2025, were $116,669 thousand, a decrease of 6.3% compared to $124,512 thousand in 2024[37]. - Total liabilities increased to $592,938 thousand as of December 31, 2025, from $562,492 thousand in 2024, marking an increase of approximately 5.4%[35]. - Cash and cash equivalents decreased to $15,439 thousand as of December 31, 2025, down from $20,262 thousand in 2024, a decline of approximately 23.5%[35]. - Hotel income for the year ended December 31, 2025, increased to $39,642 thousand, up from $37,679 thousand in 2024, representing a growth of approximately 5.2%[37]. - Total expenses for the year ended December 31, 2025, were $152,666 thousand, an increase from $148,658 thousand in 2024, reflecting a rise of approximately 2.1%[37]. Shareholder Information - Series A1 Preferred Stock has a quarterly cash dividend of $0.426875 per share, representing an annualized dividend rate of 6.83%[24]. - FFO attributable to common stockholders is calculated in accordance with GAAP, reflecting net income after deducting redeemable preferred stock dividends[25]. - Core FFO excludes non-recurring items and is considered a useful metric for evaluating the company's performance[26]. - Segment NOI for real estate segments represents rental income less property-related expenses, excluding non-property income and expenses[29]. - Cash NOI adjusts Segment NOI to exclude the effects of straight-lining of rents and other GAAP adjustments, providing a clearer view of operational performance[29]. - Annualized rent per occupied square foot reflects gross monthly base rent multiplied by twelve, before abatements[30]. - Monthly rent per occupied unit is calculated as gross monthly base rent divided by occupied units, reflecting total cash rent before concessions[31]. - The basic weighted average shares of common stock outstanding for Q4 2025 were 1,584 thousand, significantly higher than 373 thousand in Q4 2024[43]. - The diluted Core FFO attributable to common stockholders per share for Q4 2025 was $(3.74), compared to $(18.64) in Q4 2024[43]. Future Outlook - The company anticipates future growth and plans to maintain or increase occupancy levels despite potential economic uncertainties[32]. - Forward-looking statements indicate that actual results may differ due to various risks, including market fluctuations and economic conditions[32]. - The company does not undertake to update forward-looking statements after the date they are made, except as required by securities laws[32]. Impairments and Expenses - The company reported an impairment of real estate of $3,471 thousand in Q4 2025, while there was no impairment recorded in Q4 2024[43]. - Interest expense for Q4 2025 was $9,297 thousand, compared to $8,356 thousand in Q4 2024, reflecting an increase of 11.3%[48][49]. - The total depreciation and amortization expense for Q4 2025 was $6,912 thousand, down from $8,016 thousand in Q4 2024, a reduction of 13.8%[43][49]. - The company incurred transaction-related costs of $48 thousand in Q4 2025, up from $31 thousand in Q4 2024, marking a 54.8% increase[48][49].

Creative Media & Community Trust Announces Date for Its Fourth Quarter 2025 Earnings Release and Conference Call-# Creative Media & Community Trust Announces Date for Its Fourth Quarter 2025 Earnings Release and Conference CallShare---LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust (NASDAQ: CMCT) ("CMCT†) announced today that it will report its fourth quarter 2025 earnings results on Monday, March 9, 2026 before the opening of the stock market.A conference call is scheduled for 5:00 p.m. Ea ...

Core Viewpoint - CMCT has successfully completed the sale of its lending division, marking a strategic shift in its business operations [1] Group 1 - The sale is part of CMCT's broader strategy to streamline its operations and focus on core business areas [1] - The transaction is expected to enhance CMCT's financial position and allow for reinvestment in growth opportunities [1] - Details regarding the financial terms of the sale have not been disclosed [1]

Core Viewpoint - CMCT has declared dividends on its preferred stock, indicating a commitment to returning value to shareholders and maintaining financial stability [1] Group 1 - CMCT has announced the declaration of preferred stock dividends, which reflects the company's ongoing financial health and shareholder engagement [1] - The specific details regarding the amount and payment date of the dividends were not disclosed in the announcement [1]