Creative Media & Community Trust: Q3 Earnings Snapshot

JOSH FUNK

November 14, 2023

DALLAS (AP) -- DALLAS (AP) -- Creative Media & Community Trust Corporation (CMCT) on Tuesday 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 $7.1 million, or 31 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 $22.9 million, or $1.01 per share.

The real estate investment trust, based in Dallas, posted revenue of $28.1 million in the period.

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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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