Creative Media & Community Trust Q2 loss narrows on higher multifamily occupancy
CMCT•Outlook
- Company says Bay Area residential market is rapidly improving, supporting multifamily portfolio outlook
- CMCT continues to evaluate potential sale of one or more real estate assets
- Company does not currently intend further preferred stock redemptions, but will consider requests as received
Analyst coverage
- The one available analyst rating on the shares is "hold"
- The average consensus recommendation for the commercial REITs peer group is "hold"
Key financial details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $29.68 mln | $28.10 mln (1 Analyst) |
| Q2 Loss Per Share | Miss | $4.03 | $3.11 (1 Analyst) |
| Q2 Net Loss | Miss | $9.99 mln | $8.20 mln (1 Analyst) |
Q2 results and key drivers
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US real estate investment trust's Q2 revenue rose slightly year-over-year
-
Q2 net loss narrowed from prior year
