Real Estate Portfolio - As of June 30, 2024, the real estate portfolio consisted of 27 assets, with 82.5% occupancy in office properties totaling approximately 1.3 million rentable square feet[200]. - The three multifamily properties achieved a 92.5% occupancy rate as of June 30, 2024[200]. - Occupancy rate for the multifamily portfolio as of June 30, 2024, was 92.5%, up from 83.9% in June 2023[213]. - The hotel occupancy rate in Sacramento, California, was 79.5% for the six months ended June 30, 2024, slightly down from 80.9% in the same period of 2023[214]. Revenue and Financial Performance - Total revenues for the three months ended June 30, 2024, were $34.4 million, a 5.1% increase from $32.8 million in the same period of 2023[221]. - Total revenues for the six months ended June 30, 2024, were $68.4 million, an increase of 11.0% from $61.7 million for the same period in 2023[240]. - Multifamily revenue rose significantly by 33.6% to $5.4 million for the three months ended June 30, 2024, compared to $4.1 million in the prior year, attributed to increased occupancy and rent[232]. - Hotel revenue increased to $12.2 million for the three months ended June 30, 2024, up 4.2% from $11.7 million for the same period in 2023, driven by higher average daily rates[231]. - Office revenue for the three months ended June 30, 2024, was $14.1 million, a slight increase of 0.9% from $13.975 million in the same period of 2023[231]. - Net loss for the three months ended June 30, 2024, was $852,000, significantly reduced from a net loss of $18.4 million in the same period of 2023, marking a decrease of $17.5 million[222]. - Net loss for the six months ended June 30, 2024, was $4.8 million, a significant improvement of 81.7% compared to a net loss of $25.9 million for the same period in 2023[240]. Expenses and Cost Management - Total expenses decreased by 27.8% to $36.1 million for the three months ended June 30, 2024, compared to $50.1 million in the prior year[221]. - Total expenses for the six months ended June 30, 2024, decreased by 16.7% to $73.4 million from $88.2 million in the prior year[240]. - Depreciation and amortization expense decreased to $6.5 million for the three months ended June 30, 2024, from $20.5 million in the prior year, primarily due to amortization of acquired lease intangible assets[239]. - Depreciation and amortization expense decreased by 56.8% to $12.9 million for the six months ended June 30, 2024, compared to $30.0 million for the same period in 2023[257]. Asset Management and Strategy - The company plans to dispose of assets that do not fit its strategy over time, evaluating each asset regularly for potential better returns[203]. - The company aims to leverage investor relationships to execute its investment pipeline using an asset-light approach, reducing capital outlay and risk[202]. - CIM Group targets acquisitions in "Qualified Communities" characterized by high barriers to entry and positive population trends, enhancing asset value[204]. Financing and Debt - The company intends to finance future activities through various methods, including equity offerings, credit facilities, and cash flows from operations[207]. - The 2022 Credit Facility includes a $56.2 million term loan and a revolver allowing the Company to borrow up to $150.0 million, maturing in December 2025[264]. - As of June 30, 2024, outstanding commitments to fund loans were $19.6 million, with government guarantees of 75%[265]. - The Company has mortgage loan agreements with outstanding balances of $250.7 million as of June 30, 2024[270]. - As of June 30, 2024, 51.3% of the company's debt was fixed rate borrowings, totaling $250.7 million[286]. Investment and Capital Structure - The company issued 4,603,287 Series A Preferred Stock and Series A Preferred Warrants, receiving aggregate net proceeds of $105.2 million[278]. - The company issued 11,492,002 shares of Series A1 Preferred Stock, 8,251,657 shares of Series A Preferred Stock, and 56,857 shares of Series D Preferred Stock, raising aggregate net proceeds of $446.9 million[280]. - Holders of Series A1 Preferred Stock are entitled to cumulative cash dividends at an annual rate of 6.0%, equivalent to $0.3750 per share per quarter[281]. - As of June 30, 2024, there were 988,794 Series A Preferred Warrants outstanding, allowing the purchase of 250,777 shares of Common Stock[279]. Operational Metrics - The hotel property had a RevPAR of $167.57 for the six months ended June 30, 2024[200]. - Average Daily Rate (ADR) for the hotel was $210.80 for the six months ended June 30, 2024, compared to $201.59 in the prior year[214]. - Monthly rent per occupied unit for the multifamily portfolio was $2,647 as of June 30, 2024, compared to $2,914 in June 2023[213]. - Interest expense increased to $8.3 million for the three months ended June 30, 2024, compared to $7.4 million in the same period of 2023, due to higher outstanding principal balances[237]. - Lending revenue decreased by 13.5% to $2.6 million for the three months ended June 30, 2024, down from $3.0 million in the same period of 2023, due to lower loan sale volume[232].

分组1 - Creative Media & Community Trust (CMCT) reported a quarterly loss of $0.09 per share, better than the Zacks Consensus Estimate of a loss of $0.20, and an improvement from a loss of $0.17 per share a year ago, resulting in a 55% FFO surprise [1] - The company posted revenues of $34.44 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 3.98%, and showing an increase from $32.76 million in the same quarter last year [2] - CMCT shares have declined approximately 40.9% year-to-date, contrasting with the S&P 500's gain of 9% [3] 分组2 - The current consensus FFO estimate for the upcoming quarter is -$0.28 on revenues of $29.05 million, and for the current fiscal year, it is -$0.93 on revenues of $125.63 million [7] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - The company's same-store office NOI increased by 9% year-over-year to $7.4 million, primarily due to improved NOI at the Beverly Hills property [18] - Overall segment NOI for Q1 2024 was $13.6 million, compared to $13 million in the prior year, driven by increases in the office and multifamily segments [27] - FFO was negative $0.26 per diluted share compared to negative $0.21 in the prior year, with core FFO at negative $0.19 per diluted share compared to a positive $0.06 [34] Business Line Data and Key Metrics Changes - The multifamily segment generated $900,000 of NOI in Q1 2024, with occupancy improving to 86.2% from 79.3% at the end of 2023 [22][23] - The office segment's NOI increased to $7.9 million from $6.8 million in the prior year, driven by higher rental revenues due to increased occupancy [9] - The hotel segment's NOI remained consistent at $4.1 million for both Q1 2024 and Q1 2023 [39] Market Data and Key Metrics Changes - In Oakland, the multifamily segment's occupancy improved significantly, but rental rates at key properties were below expectations due to excess supply in the market [22][37] - The office lease percentage remained stable at 84%, with approximately 37,000 square feet of office leases executed in the quarter [19][26] - The market in Los Angeles is currently stronger than Oakland, with better operating fundamentals observed [41] Company Strategy and Development Direction - The company aims to achieve a balance between creative office and multifamily assets, with ongoing development of two new multifamily properties in Los Angeles [4] - The company is evaluating ways to strengthen its balance sheet and improve cash flow, including potential asset sales and debt reduction [16][36] - Future development projects are being approached cautiously due to current market conditions, with a focus on achieving targeted returns [40][51] Management's Comments on Operating Environment and Future Outlook - Management noted that cash flow continues to be impacted by elevated short-term interest rates, but they expect to benefit from lower rates over time [16] - The company anticipates minimal new supply in the multifamily market, particularly in the East Bay, which is below average for top U.S. markets [25] - Management expressed optimism about the office segment's NOI outlook, citing improvements in occupancy and leasing activity [56] Other Important Information - The company raised $19.1 million in net proceeds from the sale of Series A1 preferred stock during the quarter [35] - A significant decrease in depreciation and amortization expense was noted, primarily due to the amortization of acquired lease intangible assets [31] Q&A Session Summary Question: What is the current deal flow regarding potential asset sales? - Management indicated that they are evaluating asset sales to improve cash flow and position themselves for future real estate recovery opportunities [61][62] Question: How does the company view its portfolio of assets in the current market? - The company believes its portfolio is desirable and that assets will still trade at low cap rates, despite the current environment of higher short-term interest rates [64] Question: What is the expected impact on revenue from the Sacramento hotel asset during redevelopment? - Management expects limited disruption to NOI during the renovation, as they plan to manage the process floor by floor [57]

Financial Performance - Total revenues for the three months ended March 31, 2024, were $33.998 million, an increase of 17.6% compared to $28.912 million for the same period in 2023[195]. - Net loss for the three months ended March 31, 2024, was $3.905 million, a 48.5% improvement from a net loss of $7.576 million in the same period in 2023[195]. - Funds from Operations (FFO) attributable to common stockholders was $(5.921) million for the three months ended March 31, 2024, a decrease of $1.1 million compared to $(4.794) million for the same period in 2023[201]. - Office revenue increased by 8.3% to $14.611 million for the three months ended March 31, 2024, compared to $13.487 million for the same period in 2023[203]. - Hotel revenue rose to $11.854 million, a 3.2% increase from $11.492 million for the three months ended March 31, 2023[203]. - Multifamily revenue surged to $4.749 million for the three months ended March 31, 2024, compared to $1.223 million for the same period in 2023, reflecting a significant increase due to new property acquisitions[203]. - Lending revenue was $2.640 million for the three months ended March 31, 2024, a slight decrease from $2.710 million for the same period in 2023[203]. Occupancy and Rent Metrics - As of March 31, 2024, net annualized rent per occupied square foot was $56.32, an increase from $54.36 as of March 31, 2023, reflecting a growth of approximately 3.6%[179]. - The occupancy rates and monthly rent per occupied unit across the multifamily portfolio are monitored to assess performance and market conditions[180]. - The occupancy rate for the hotel in Sacramento, California was 79.0% for the three months ended March 31, 2024, down from 80.6% in the same period in 2023[189]. - Average Daily Rate (ADR) for the hotel was $211.06 for the three months ended March 31, 2024, compared to $202.02 for the same period in 2023[189]. Asset Management and Strategy - The company targets acquisitions in "Qualified Communities" characterized by high barriers to entry, high population density, and positive population trends, which are expected to enhance asset value[175]. - CIM Group's strategy includes leveraging investor relationships to execute on investment pipelines using an asset-light approach, which is anticipated to contribute to strong returns while reducing risk[172]. - The company intends to dispose of assets that do not fit its strategy over time, evaluating each asset regularly for potential redeployment into higher-return opportunities[173]. - CIM Group's multifamily and creative office assets are located in vibrant communities with significant private investment and public commitment, aiming for greater returns compared to similar assets in other markets[169]. Expenses and Costs - Office expenses rose to $6.9 million, a 3.6% increase from $6.6 million in Q1 2023, driven by higher operating expenses due to increased occupancy[210]. - Hotel expenses increased by 6.1% to $7.8 million for Q1 2024, compared to $7.3 million in Q1 2023, primarily due to higher wage expenses[211]. - Multifamily expenses surged to $3.4 million for Q1 2024, up from $1.4 million in Q1 2023, reflecting a full quarter of expenses from newly acquired properties[212]. - Interest expense increased by 34.5% to $8.1 million for Q1 2024, compared to $6.0 million in Q1 2023, attributed to higher principal balances and increased interest rates[225]. Financing and Debt - The company may finance future activities through various methods, including equity offerings, credit facilities, and cash flows from operations[182]. - As of March 31, 2024, the company has outstanding mortgage loan agreements with a total balance of $250.7 million, with maturities ranging from June 7, 2024, to July 1, 2026[236]. - The company refinanced its 2018 revolving credit facility into a new 2022 Credit Facility, which includes a $56.2 million term loan and a revolver allowing borrowing up to $150.0 million, with an outstanding balance of $173.2 million as of May 14, 2024[238]. - As of March 31, 2024, the company was not in compliance with a financial covenant under the 2022 credit facility, which constituted an event of default, but lenders waived this event for the test period ending March 31, 2024[239]. - The company has junior subordinated notes with a principal balance of $27.1 million as of March 31, 2024, with a variable interest rate that resets quarterly[244]. - As of March 31, 2024, 52.6% of the company's debt, amounting to $250.7 million, was fixed rate borrowings, while 47.4% was floating rate borrowings totaling $225.5 million[257]. - A 50 basis point change in SOFR would result in an annual impact of approximately $1.1 million on the company's earnings based on the level of floating rate debt outstanding[257]. - The company has one interest rate cap agreement with a notional amount of $87.0 million and a fair value of the net derivative asset of $544,000 as of March 31, 2024[259]. Project Costs - Total costs incurred for the 4750 Wilshire Project reached $17.3 million as of March 31, 2024, with an expected total project cost of approximately $31.0 million[231]. - The Sheraton Grand Hotel renovation is expected to cost approximately $20.9 million, with $1.6 million of pre-construction costs incurred as of March 31, 2024[232]. - The 1910 Sunset JV project is estimated to cost approximately $19.3 million, with total costs of $2.3 million incurred as of March 31, 2024[234]. Joint Ventures - Income from Unconsolidated Joint Ventures in the office segment increased to $117,000 for Q1 2024, compared to a loss of $64,000 in Q1 2023, primarily due to an unrealized gain on real estate[209]. - Loss from Unconsolidated Joint Ventures in the multifamily segment was $443,000 for Q1 2024, down from income of $832,000 in Q1 2023, mainly due to an unrealized loss on real estate[209]. Leasing Activity - During the three months ended March 31, 2024, the company executed leases totaling 36,961 square feet with terms longer than 12 months[179].

Real Estate Portfolio - The company's real estate portfolio as of March 31, 2024, consists of 27 assets, including 13 office properties totaling approximately 1.3 million rentable square feet, 3 multifamily properties with 696 units, 9 development sites, and 1 hotel with 503 rooms[1] Financial Performance - Net loss attributable to common stockholders for Q1 2024 was $12.3 million, or $0.54 per diluted share, compared to a net loss of $12.7 million, or $0.56 per diluted share, in Q1 2023[6] - Core FFO attributable to common stockholders for Q1 2024 was $(4.4) million, or $(0.19) per diluted share, compared to $(1.3) million, or $(0.06) per diluted share, in Q1 2023[7] - Total segment net operating income (NOI) for Q1 2024 was $13.6 million, up from $13.0 million in Q1 2023[9] - Net loss attributable to common stockholders for Q1 2024 was $12.295 million, slightly improved from $12.715 million in Q1 2023[32] - FFO (Funds from Operations) attributable to common stockholders for Q1 2024 was $(5.921) million, compared to $(4.794) million in Q1 2023[36] - Net loss attributable to common stockholders was $12.3 million, or $0.54 per diluted share for Q1 2024[56] - Funds from operations (FFO) attributable to common stockholders was $(5.9) million, or $(0.26) per diluted share for Q1 2024[56] - Core FFO attributable to common stockholders was $(4.4) million, or $(0.19) per diluted share for Q1 2024[57] Office Portfolio Performance - The company's same-store office portfolio was 83.0% occupied at March 31, 2024, an increase of 210 basis points year-over-year, with an annualized rent per occupied square foot of $58.30, up from $56.10 in Q1 2023[9] - Same-store office portfolio was 83.7% leased in Q1 2024[56] - Executed 36,961 square feet of leases with terms longer than 12 months in Q1 2024[56] - Same-store office segment NOI increased to $7.4 million for Q1 2024, up from $6.8 million in Q1 2023[60] - Same-store office Cash NOI increased to $8.3 million for Q1 2024, compared to $7.4 million in Q1 2023[60] - The increase in NOI and Cash NOI was driven by higher rental revenues at office properties in Beverly Hills and Los Angeles due to increased occupancy[60] Hotel Segment Performance - Hotel segment NOI remained consistent at $4.1 million for Q1 2024, with occupancy at 79.0%, ADR at $211.06, and RevPAR at $166.84[10][11] Multifamily Segment Performance - Multifamily segment NOI increased to $917,000 in Q1 2024 from $675,000 in Q1 2023, with occupancy at 86.2% and monthly rent per occupied unit at $2,737[12] Lending Segment Performance - Lending segment NOI decreased to $789,000 in Q1 2024 from $1.4 million in Q1 2023, primarily due to increased interest expense from new SBA 7(a) loan-backed notes[13][15] Capital and Dividends - The company issued 853,879 shares of Series A1 Preferred Stock in Q1 2024 for aggregate net proceeds of $19.1 million and had incremental borrowings of $5.0 million on its revolving credit facility[2] - A quarterly cash dividend of $0.0850 per share of common stock was declared on March 27, 2024, and paid on April 22, 2024[3] - Redeemable preferred stock dividends declared or accumulated in Q1 2024 amounted to $7.759 million, up from $5.391 million in Q1 2023[32] - Redeemable preferred stock dividends increased by $2.4 million in Q1 2024 compared to Q1 2023[59] Revenue and Expenses - Total revenues for Q1 2024 increased to $33.998 million, up from $28.912 million in Q1 2023, reflecting growth in rental, hotel, and interest income[32] - Rental and other property income rose to $18.773 million in Q1 2024, up from $14.886 million in Q1 2023[32] - Interest expenses increased to $8.977 million in Q1 2024 from $6.236 million in Q1 2023[32] - Depreciation and amortization expenses decreased to $6.478 million in Q1 2024 from $9.502 million in Q1 2023[32] - Interest expense increased by $2.1 million in Q1 2024 compared to Q1 2023[59] - Transaction-related costs decreased by $2.7 million in Q1 2024 compared to Q1 2023[59] Balance Sheet - Total assets as of March 31, 2024, were $887.503 million, a slight decrease from $891.200 million at the end of 2023[29] - Total liabilities increased marginally to $515.424 million in Q1 2024 from $514.431 million in Q4 2023[29] - Cash and cash equivalents increased to $21.307 million in Q1 2024 from $19.290 million at the end of 2023[29] Segment NOI and Cash NOI - Segment net operating income increased by $655,000 in Q1 2024 compared to Q1 2023[59] - Cash NOI for Q1 2024 was $14.5 million, with same-store office contributing $8.3 million[46]

Financial Position and Stability - The company may incur significant additional indebtedness on a consolidated basis, which could impact financial stability[64]. - Higher market interest rates could lead to increased borrowing costs and potentially decrease funds available for distributions, adversely affecting the market price of common stock[82]. - The company may be unable to pay or maintain cash distributions or increase distributions to stockholders over time[98]. - The company may suffer from delays in deploying capital, adversely affecting its ability to pay distributions on common and preferred stock[87]. Compliance and Control - Management assessed the effectiveness of internal control over financial reporting as of December 31, 2023, and determined it was effective based on established criteria[239]. - The independent auditor expressed an unqualified opinion on the consolidated financial statements for the year ended December 31, 2023[241]. - The company must ensure that at least 75% of the value of its assets consists of qualified REIT real estate assets to maintain REIT qualification[74]. - The company has restrictions on ownership and transfer of shares intended to maintain REIT qualification, which may inhibit market activity[90]. Operational Risks - The company relies on key personnel from the Administrator and Operator, and their departure could materially affect business operations[69]. - As of December 31, 2023, the company had one interest rate cap agreement with an aggregate notional amount of $87.0 million and a fair value of net derivative assets of $491,000[236].

Exhibit 99.1 1 Creative Media & Community Trust Corporation Reports 2023 Fourth Quarter Results Dallas—(March 27, 2024) Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months and year ended December 31, 2023. Fourth Quarter 2023 Highlights Real Estate Portfolio (2) • Same-store office portfolio was 84.0% leased. • Executed 38,280 square feet of leases with terms longer than 12 months. Financial Resul ...

Creative Media & Community Trust Corporation (NASDAQ:CMCT) Q4 2023 Earnings Conference Call March 28, 2024 12:00 PM ET Company Participants Steve Altebrando – Portfolio Oversight David Thompson – Chief Executive Officer Shaul Kuba – Chief Investment Officer Barry Berlin – Chief Financial Officer Conference Call Participants Brendan McCarthy – Sidoti Operator Good day and welcome to the Creative Media & Community Trust Fourth Quarter 2023 Earnings Call. All participants will be in a listen-only mode. [Operat ...

DALLAS--(BUSINESS WIRE)--CMCT (NASDAQ: CMCT and TASE: CMCT) announced today that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on January 16, 2024 to stockholders of record at the close of business on January 2, 2024. ABOUT CMCT Creative Media & Community Trust Corporation (“CMCT”) is a real estate investment trust that owns, operates and develops premier multifamily and creative office assets in vibrant communities throughout ...

Creative Media & Community Trust Corporation (NASDAQ:CMCT) Q3 2023 Results Conference Call November 15, 2023 12:00 PM ET Company Participants Stephen Altebrando - VP, Equity Capital Markets David Thompson - Chief Executive Officer Barry Berlin - Chief Financial Officer Operator Hello, and welcome to the Creative Media & Community Trust Third Quarter 2023 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn t ...