Creative Media & Community Trust: Q2 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Thursday reported a loss in a key measure in its second quarter.

The real estate investment trust, based in Dallas, said it had a funds from operations loss of $3.9 million, or 17 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 $23.8 million, or $1.05 per share.

The real estate investment trust, based in Dallas, posted revenue of $32.8 million in the period.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CMCT at

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