CMCT (CMCT) Q2 2026 Earnings Call Transcript

Creative Media & Community Trust Corporation (CMCT) reported improved operational performance in Q2 2026, with multifamily occupancy surging to 95.3% driven by strong Bay Area residential market recovery. Core FFO improved to negative $1.25 per share from negative $0.87 per share year-over-year, primarily due to reduced preferred dividends. However, the company faced challenges from $3.2 million in unconsolidated entity losses and elected not to refinance its Oakland office property mortgage.