DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Tuesday reported a loss in a key measure in its second quarter.
The Dallas-based real estate investment trust said it had a funds from operations loss of $7.2 million, or $9.53 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 $14.3 million, or $18.94 per share.
The real estate investment trust, based in Dallas, posted revenue of $29.7 million in the period.
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