Added to YB: 2021-01-22
Pitch date: 2021-01-22
CMCT [bullish]
Creative Media & Community Trust Corporation
-100%
current return
Author Info
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Company Info
Creative Media & Community Trust Corporation (CMCT) is a real estate investment trust. It owns, operates and develops premier multifamily and creative office assets in vibrant communities throughout the United States.
Market Cap
$15.8M
Pitch Price
$326.2K
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.81
P/E
-0.01
EV/Sales
5.18
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)