Creative Media & Community Trust Corp (NASDAQ: CMCT)

Creative Media & Community Trust Corporation is a Maryland corporation and real estate investment trust that focuses on acquiring developing owning and operating premier multifamily properties and Class A creative office assets in vibrant communities across the United States. The company also owns a hotel property in northern California and previously operated a lending platform that originated loans to small businesses under the Small Business Administration 7(a) program before its sale in January 2026. Its strategy is to apply the expertise of its affiliate CIM Group to target areas that feature high barriers to entry high population density positive population trends and a propensity for growth. By concentrating on qualified communities the firm seeks to benefit from redevelopment externalities that enhance property values and generate returns above those of comparable assets elsewhere. All of its real estate holdings are held in fee simple with some assets held through unconsolidated joint ventures. The firm operates as a REIT and distributes earnings to shareholders in accordance with its tax status.

The company generates revenue primarily from leasing activities across its office multifamily and hotel properties and from interest income on its lending business. For the year ended December 31 2025 the office segment contributed approximately 43.1 percent of total segment revenue the hotel segment contributed approximately 35.6 percent the multifamily segment contributed approximately 13.6 percent and the lending segment contributed approximately 7.7 percent. Office revenue is derived from contractual rents paid by tenants occupying approximately 1.3 million rentable square feet across twelve office buildings. Hotel revenue comes from room sales food and beverage and ancillary services at a single property with five hundred five rooms which reported a revenue per available room of one hundred fifty two dollars and seventy cents for the year. Multifamily revenue consists of monthly rents from five residential properties that achieved an average occupancy rate of eighty five point three percent. Lending revenue prior to its divestiture consisted of interest and fees earned on loans originated to small business borrowers under the SBA 7(a) program. The firm also earns modest income from development related fees and joint venture promotions although these are not reported as separate revenue streams.

The company operates through four reportable segments that are defined by asset type rather than geography. These segments are office hotel multifamily and lending. Each segment is managed separately to allocate resources and assess performance based on the distinct characteristics of the underlying assets. The following bullet points provide a detailed description of the activities and key metrics associated with each segment.

• The office segment comprises twelve Class A office properties totaling approximately 1.3 million rentable square feet located in urban and suburban markets that match the firm’s qualified community criteria. As of December 31 2025 the portfolio reported an occupancy rate of seventy four point eight percent with leases typically structured on a gross or net basis depending on tenant needs. Rental income is generated from a diverse mix of tenants including technology firms professional services companies and corporate users. The segment contributed roughly 43.1 percent of the company’s total segment revenue for the year ended December 31 2025. Ongoing asset management includes property maintenance capital improvements and tenant relations activities overseen by CIM Group’s affiliated property management team.

• The hotel segment consists of a single full service hotel with an ancillary parking garage located in northern California. The property offers five hundred five guest rooms and provides services such as room accommodations food and beverage outlets meeting spaces and parking facilities. For the year ended December 31 2025 the hotel achieved a revenue per available room of one hundred fifty two dollars and seventy cents reflecting average daily rates and occupancy levels typical for upscale lodging in its market. Revenue is derived from room sales ancillary food and beverage charges and event hosting. The segment accounted for approximately 35.6 percent of total segment revenue in the same period. Operational oversight is provided by CIM Group’s hospitality management professionals who handle front of house and back of house functions.

• The multifamily segment includes five residential properties that together provide a mix of apartment unit types ranging from studios to three bedroom layouts. As of December 31 2025 the portfolio reported an average occupancy rate of eighty five point three percent with leases typically structured on an annual basis. Monthly rental income is collected from individual tenants and subsidized housing programs where applicable. The segment contributed roughly 13.6 percent of total segment revenue for the year ended December 31 2025. Property management responsibilities are carried out by CIM Group’s residential operations team which oversees maintenance leasing and resident services.

• Prior to its sale on January 21 2026 the lending segment operated as a national lender that originated loans to small businesses primarily under the Small Business Administration 7(a) program. The segment generated revenue from interest income and fees associated with the loan portfolio which was diversified across various industries and geographic regions. For the year ended December 31 2025 the lending business contributed approximately 7.7 percent of total segment revenue. The platform employed credit analysts underwriters and servicing specialists who evaluated borrower creditworthiness structured loan terms and monitored portfolio performance. After the divestiture the company no longer reports lending as a separate segment and has redirected capital toward its core real estate activities.

The company operates in a highly competitive real estate industry that includes publicly traded REITs private equity funds pension funds sovereign wealth funds hedge funds and various institutional investors pursuing similar strategies in office multifamily hotel and lending markets. Many of these competitors possess greater financial scale broader access to capital markets and longer operating histories which can allow them to pursue larger acquisitions or more aggressive development pipelines. Creative Media & Community Trust Corporation differentiates itself through its close affiliation with CIM Group a vertically integrated owner operator lender and developer that provides in house expertise across acquisition credit analysis development financing leasing and property management. This relationship enables the firm to source off market opportunities execute complex joint ventures and manage assets with a high degree of operational control. Additionally the firm’s focus on qualified communities with high barriers to entry and strong growth trends aims to create a defensible market position that is less susceptible to broad economic cycles than assets located in less desirable locales.

The company’s customer base consists of a varied mix of corporate tenants hotel guests residential renters and small business borrowers. In the office segment tenants include technology firms professional services companies and other corporate users who lease space under long term agreements. The hotel segment serves both business and leisure travelers who utilize rooms food and beverage services and event spaces at the northern California property. The multifamily segment houses individuals and families seeking rental housing in urban and suburban settings with a portion of units participating in affordable housing programs. Prior to its divestiture the lending segment served small business owners across multiple industries who required working capital or expansion financing under the SBA 7(a) program. A notable tenant is Kaiser Foundation Health Plan Incorporated which occupied space in one of the company’s Oakland California properties and represented approximately twenty three point four percent of annualized rental income for the year ended December 31 2025. No other single tenant accounted for more than ten percent of the company’s annualized rental income during that period.