• Creative Media & Community Trust reported a net loss attributable to common stockholders of $34.7 million, or $70.52 per diluted share, for three months ended March 31, 2026, widening from $11.9 million a year earlier.
• Funds from operations attributable to common stockholders fell to a loss of $28.8 million, or $58.47 per diluted share, from a loss of $5.4 million, driven by $21.9 million of redeemable preferred stock redemptions.
• Total segment net operating income slipped to $9.8 million from $11.8 million, with office segment NOI down to $6.5 million from $7.1 million.
• Office portfolio was 73.1% leased at quarter-end versus 81% a year earlier, while same-store multifamily occupancy rose to 91.4%, up 11.2 percentage points.
• Company completed sale of lending business First Western for about $44.9 million, yielding about $31.2 million of net cash proceeds, while redeeming about $242.8 million of Preferred Stock into common shares to cut preferred dividends beginning in second quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Creative Media & Community Trust Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000908311-26-000053), on May 08, 2026, and is solely responsible for the information contained therein.