Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) reported its second-quarter results for 2025. The company experienced a net loss attributable to common stockholders of $14.3 million for the three months ended June 30, 2025, compared to a net loss of $9.7 million for the same period in 2024. The loss per diluted share of Common Stock was $18.94, a change from $98.64 per share in the previous year. The decrease in net loss was primarily influenced by a reduction of $6.4 million in segment net operating income. Total segment net operating income was $9.8 million for the second quarter of 2025, down from $16.2 million in the same quarter of 2024. The same-store office segment net operating income was $5.5 million, a decrease from $8.9 million in the corresponding period of the previous year. The company's real estate portfolio consisted of 27 assets, including office, hotel, and multifamily properties, as well as a lending business segment. Notable business updates include the execution of 47,859 square feet of leases with terms longer than 12 months and the signing of a lease for 30,831 square feet at an office property in Austin, Texas. Additionally, the company closed a $35.5 million variable-rate mortgage on an office property in Austin, using part of the proceeds to repay outstanding obligations under the 2022 Credit Facility.
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