Creative Media & Community Trust: Q3 Earnings Snapshot
By AP News
Published - Nov 08, 2024, 06:12 AM ET
Last Updated - Dec 16, 2024, 05:33 PM EST
DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Friday 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 $11.5 million, or 40 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 $34.8 million, or $1.22 per share.
