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.
The real estate investment trust, based in Dallas, posted revenue of $28.6 million in the period.
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