Professional
Added to YB: 2025-07-03
Pitch date: 2025-06-30
CMCT [neutral]
Creative Media & Community Trust Corporation
-46.5%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
As of March 31, 2025, our real estate portfolio consisted of 27 assets, all of which were fee-simple properties and five of which we own through investments in unconsolidated joint ventures (the “Unconsolidated Joint Ventures”).
Market Cap
$6.1M
Pitch Price
$8.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.58
P/E
-0.03
EV/Sales
6.81
Sector
Office REITs
Category
turnaround
Clark Street Value Mid Year 2025 Portfolio Review: Other / Legacy Holdings - Creative Media & Community Trust Corporation
CMCT (holding update): Office REIT stabilizing after preferred redemption spiral. Term loan replaced with property mortgages (50% LTVs). Cryptic 8-K suggests continued redemptions but potential asset sales (likely SBA loan portfolio) for cash payments. L.A. properties unharmed by wildfires; Olympics/World Cup coming. External management alignment issues remain.
Read full article (2 min)