Creative Media & Community Trust: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 04:59 PM ET
Last Updated - Aug 08, 2024, 04:59 PM EDT
DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Thursday reported a loss in a key measure in its second quarter.
The Dallas-based real estate investment trust said it had a funds from operations loss of $2.1 million, or 9 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 $9.7 million, or 43 cents per share.
