Creative Media & Community Trust (CMCT) Reports Q2 Loss, Tops Revenue Estimates

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$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]