CIM Commercial Trust Corporation (CMCT)

NASDAQ: CMCT · IEX Real-Time Price · USD
6.01
+0.03 (0.50%)
Dec 2, 2022 4:00 PM EST - Market closed
0.5%
Market Cap 135.97M
Revenue (ttm) 101.16M
Net Income (ttm) -21.19M
Shares Out 23.21M
EPS (ttm) -0.69
PE Ratio n/a
Forward PE n/a
Dividend $0.33 (5.49%)
Ex-Dividend Date Sep 30, 2022
Volume 15,274
Open 6.06
Previous Close 5.98
Day's Range 5.89 - 6.07
52-Week Range 5.44 - 8.32
Beta 0.50
Analysts Buy
Price Target 9.86 (+64.1%)
Earnings Date Nov 15, 2022

About CMCT

Creative Media & Community Trust Corporation is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area. Creative Media & Community Trust Corporation is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expert... [Read more]

Industry Equity Real Estate Investment Trusts (REITs)
CEO Charles Garner
Employees 5
Stock Exchange NASDAQ
Ticker Symbol CMCT
Full Company Profile

Financial Performance

In 2021, CMCT's revenue was $90.93 million, an increase of 17.77% compared to the previous year's $77.21 million. Losses were -$850,000, -94.34% less than in 2020.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CMCT stock is "Buy." The 12-month stock price forecast is 9.86, which is an increase of 64.06% from the latest price.

Price Target
$9.86
(64.06% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CMCT names John Hope Bryant to its Board of Directors

DALLAS--( BUSINESS WIRE )--Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) announced today that John Hope Bryant has been appointed to its Board of Directors.

1 week ago - Business Wire

CIM Commercial Trust (CMCT) Reports Q3 Loss, Misses Revenue Estimates

CIM Commercial Trust (CMCT) delivered FFO and revenue surprises of -200% and 0.67%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Creative Media & Community Trust Corporation Reports 2022 Third Quarter Results

DALLAS--( BUSINESS WIRE )--Creative Media & Community Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) (“we”, “our”, “CMCT”, or the “Company”) today reported operating results for the three and nine mo...

2 weeks ago - Business Wire

Creative Media & Community Trust Announces Date for Its Third Quarter 2022 Earnings Release and Conference Call

LOS ANGELES--( BUSINESS WIRE )--Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its third quarter 2022 earnings resul...

3 weeks ago - Business Wire

CMCT Declares Common and Preferred Stock Dividends

DALLAS--(BUSINESS WIRE)--CMCT announces quarterly cash dividend of $0.085 per share of common stock.

2 months ago - Business Wire

CMCT Announces 9460 Wilshire as New Flagship Rolls-Royce Motor Cars Showroom for Luxury and Exotic Car Dealer O'Gara ...

LOS ANGELES--(BUSINESS WIRE)--CMCT signs long-term lease with O'Gara Coach for flagship Rolls-Royce showroom in ground floor space at 9460 Wilshire Blvd. in Beverly Hills.

3 months ago - Business Wire

Creative Media & Community Trust Corporation Reports 2022 Second Quarter Results

DALLAS--(BUSINESS WIRE)--Creative Media & Community Trust Corporation reports operating results for the three and six months ended June 30, 2022.

3 months ago - Business Wire

Creative Media & Community Trust Announces Date for Its Second Quarter 2022 Earnings Release and Conference Call

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its second quarter 2022 earnings result...

3 months ago - Business Wire

Creative Media & Community Trust Announces $10 Million Share Repurchase Program

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust Corporation Board of Directors authorizes repurchase program of up to $10 M of the Company's common stock.

6 months ago - Business Wire

Creative Media & Community Trust Corporation Reports 2022 First Quarter Results

DALLAS, Texas--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Corporation) NASDAQ: CMCT reports operating results for Q1 2022.

6 months ago - Business Wire

Creative Media & Community Trust Announces Date for Its First Quarter 2022 Earnings Release and Conference Call

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its first quarter 2022 earnings results...

6 months ago - Business Wire

CMCT Acquires Parcel for Apartment Development in Los Angeles' Jefferson Park Neighborhood

LOS ANGELES--(BUSINESS WIRE)--CMCT acquires 3101 S. Western Ave., a 0.26-acre parcel in Los Angeles for $2.3 million – plans to develop 45 unit apt bldg.

7 months ago - Business Wire

Creative Media & Community Trust Corporation Reports 2021 Fourth Quarter Results

DALLAS--(BUSINESS WIRE)--Creative Media & Community Trust (formerly CIM Commercial Trust Corporation) reports operating results for the 3 months and year ended 12/31/21.

8 months ago - Business Wire

Creative Media & Community Trust Announces Date for Its Fourth Quarter 2021 Earnings Release and Conference Call

LOS ANGELES--(BUSINESS WIRE)--Creative Media & Community Trust Corporation (NASDAQ: CMCT; TASE: CMCT-L) (“CMCT”) announced today that it will issue a press release announcing its fourth quarter 2021 ear...

8 months ago - Business Wire

CMCT Increases Common Stock Dividend

DALLAS--(BUSINESS WIRE)--CMCT has declared 1/4ly cash dividend of $0.085 per share of common stock, an approximate 13% increase from the prior quarter, to be paid 4/1/22.

8 months ago - Business Wire

CMCT Invests in Echo Park, Los Angeles

LOS ANGELES--(BUSINESS WIRE)--CMCT invests $51M in 1910 W Sunset to transform 99,000 sf building into creative office, in Echo Park area of Los Angeles.

9 months ago - Business Wire

CMCT Signs Long-Term Lease with Internationally Renowned Lisson Gallery for First Los Angeles Location

LOS ANGELES--(BUSINESS WIRE)--CMCT brings renowned Lisson Gallery to Los Angeles in Sycamore District, industrial-style bldg. being renovated for the gallery

9 months ago - Business Wire

CIM Commercial Trust Announces Significant Reduction in Management Fee

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation announces that CMCT manager, CIM Group, agrees to a fee waiver, expected to reduce mgmt. fee by approximately 55%

10 months ago - Business Wire

CIM Commercial Trust Declares Common and Preferred Stock Dividends

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation declares a quarterly cash dividend of $0.075 per common share to be paid on January 5, 2022

11 months ago - Business Wire

CIM Commercial Trust Corporation Reports 2021 Third Quarter Results

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation reports operating results for the three and nine months ended September 30, 2021.

1 year ago - Business Wire

CIM Commercial Trust Corporation Reports 2021 Second Quarter Results

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation reports operating results for the three and six months ended June 30, 2021.

1 year ago - Business Wire

CIM Commercial Trust Corporation Raises $78.8 million in Rights Offering

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corporation Raises $78.8 million in Rights Offering

1 year ago - Business Wire

CIM Commercial Trust Announces that its Operator and Manager, Subsidiaries of CIM Group, Intend to Subscribe for an A...

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust announces operator and manager, subsidiaries of CIM Group, intend to subscribe up to approx 6M shares in Rights Offering

1 year ago - Business Wire

CIM Commercial Trust Reaffirms its Previously Announced Rights Offering to Expire on June 23

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corp reaffirmed rights offering - subscription period open, expires at 4pm New York time, June 23, 2021 /unless extended by CMCT

1 year ago - Business Wire

CIM Commercial Trust Corporation Commences Rights Offering

DALLAS--(BUSINESS WIRE)--CIM Commercial Trust Corp announces commencement of previously announced rights offering for aggregate of approx.$137.3 M of newly issued common stock

1 year ago - Business Wire