Added to YB: 2021-01-22
Pitch date: 2021-01-22
CMCT [bullish]
Creative Media & Community Trust Corporation
-99.87%
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
$3.3K
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.58
P/E
-0.03
EV/Sales
6.81
Sector
Office REITs
Category
special_situation
CIM Commercial Trust: Proxy Fight, Possible Liquidation or Sale
CMCT: Illiquid, externally managed office/hotel REIT. Trades below stale pre-COVID NAV. Owns LA, Oakland, Austin offices + Sacramento hotel. Activists want liquidation/sale. CIM mgmt caved to pressure before, may do so again to protect rep for larger non-public REIT biz. Upside unclear.
Read full article (8 min)