Creative Media & Community Trust Corporation
CMCT.TA
Tel Aviv Stock Exchange2,525.00
ILA
-23.00
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Creative Media & Community Trust Corporation
CMCT.TA
(Tel Aviv Stock Exchange)
Recent
price
2,525.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Creative Media & Community Trust Corporation (NASDAQ: CMCT) is a real estate investment trust (REIT) that primarily acquires, owns, operates, and develops premier multifamily residential properties and creative office assets in vibrant and emerging communities across the United States, with a focus on markets such as Los Angeles, the San Francisco Bay Area, and Austin; its core offerings include leasing of Class A and creative office spaces catering to technology, media, entertainment, and related industries, along with ancillary services such as parking, storage, and tenant reimbursements, as well as top-tier multifamily communities featuring upscale residential units; through its wholly owned subsidiary PMC Commercial Trust, the company originates and services loans under the U.S. Small Business Administration 7(a) program for small businesses. Founded in 1993 and headquartered in Dallas, Texas, CMCT operates through office, multifamily, hotel, and lending segments, targeting dynamic metropolitan areas and leveraging the multi-disciplinary expertise of its external manager, affiliates of CIM Group, L.P., a vertically integrated real estate and infrastructure firm with over 30 years of experience in acquisition, development, financing, leasing, and property management. In November 2025, CMCT entered into a definitive agreement to sell its lending division to PG FR Holding, LLC, an affiliate of Peachtree Group, for approximately $44 million net of securitization debt, expected to yield $31 million in net cash proceeds upon closing subject to U.S. Small Business Administration consent, supporting priorities to expand its multifamily portfolio, deleverage the balance sheet, and enhance liquidity following prior actions including four refinancings across seven assets, extension of two multifamily debt maturities, and full repayment of its recourse credit facility since Q3 2024; recent operational highlights encompass leasing momentum with approximately 140,000 square feet of office space to 31 tenants in 2025, including key deals like a 31,000-square-foot agreement with a global medical technology firm and a 30,821-square-foot lease to Boston Scientific at Penn Field in Austin, alongside a development pipeline featuring new multifamily deliveries at 750 Wilshire in Los Angeles later in 2024 and 1915 Park Avenue in mid-2025.