Streetbeat News

CMCT

Creative Media & Community Trust Corporation

https://www.creativemediacommunity.com/

Industry

REIT - Office

Creative Media & Community Trust Corporation is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area. Creative Media & Community Trust Corporation is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities.

Open

0.39

Mkt cap

32M

Volume

446K

High

0.40

P/E Ratio

-0.14

52-wk high

4.40

Low

0.36

Div yield

0.77

52-wk low

0.36

Creative Media (NASDAQ:CMCT) announced a quarterly dividend of 8.5 cents per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 8.5 cents lower to reflect the payout. The dividend is scheduled to be paid on January 16, 2024.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:45 pm

Creative Media (NASDAQ:CMCT) reported Q3 earnings with an EPS of $-1.01, missing estimates by 46.38% compared to the expected $-0.69. Revenue increased by $3.27 million from the same period last year. The company's stock price dropped by 0.23% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 9:50 pm

Creative Media (NASDAQ:CMCT) reported a larger than expected quarterly loss of $(1.01) per share compared to the $(0.69) estimate, a 102% increase in losses from the same period last year. Sales also fell short at $28.12M versus the expected $30.21M, although this represents a 13.14% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:25 pm

The article lists a number of companies scheduled to report their earnings on November 14, 2023. It includes their expected quarterly results, with some companies anticipated to report profits per share and others expected to report losses. The revenues for each company are also provided, giving investors insights into the financial performance of these companies for the upcoming earnings announcements.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:23 pm

Creative Media (NASDAQ:CMCT) is set to distribute a dividend payout of $0.09 per share, resulting in an annualized dividend yield of 8.40%. The company has seen a growth in its dividend per share from $0.30 to $0.34 between 2020 and 2022. However, during the same period, its earnings per share decreased from $1.42 to $-0.91, indicating a potential impact on the company's ability to sustain or increase its cash dividend payouts.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:05 pm

Creative Media (NASDAQ:CMCT) has announced a quarterly dividend of 8.5 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 23, 2023.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

Creative Media (NASDAQ:CMCT) reported Q2 losses of $(1.05) per share, missing the analyst consensus estimate of $(0.40) by 162.5%. This is a 950% decrease from the same period last year. However, the company reported quarterly sales of $32.76 million, beating the analyst consensus estimate of $29.19 million by 12.23%, a 24.08% increase from last year.

Portfolio Pulse from bharat@benzinga.com

August 10, 2023 | 11:35 am

The article lists the top 5 oversold real estate stocks, which are considered undervalued and present buying opportunities. The stocks are Medical Properties Trust, Inc. (MPW), Creative Media & Community Trust Corporation (CMCT), Braemar Hotels & Resorts Inc. (BHR), National Health Investors, Inc. (NHI), and Lamar Advertising Company (LAMR). All these stocks have an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 11:05 am

Creative Media (NASDAQ:CMCT) is distributing a dividend payout of $0.09 per share, demonstrating an annualized dividend yield of 6.82%. The company's dividend per share has shown a positive trend from 2020 to 2022, increasing from $0.30 to $0.34. However, the company's earnings per share decreased from $1.42 to $-0.91 during the same period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:05 pm

Creative Media (NASDAQ:CMCT) has announced a quarterly dividend of 8.5 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 8.5 cents lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on July 24, 2023.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 2:46 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.