Creative Media & Community Trust Corp CMCT
Creative Media & Community Trust Corporation and its subsidiaries (which may be referred to in this Annual Report on Form 10-K as "we," "us," "our," "our company" or the "Company") are operated by affiliates of CIM Group Management, LLC (collectively, "CIM Group" or "CIM"). CIM is a vertically-integrated community-focused real estate and infrastructure owner, operator, lender and developer. CIM Group is headquartered in Los Angeles, California and has offices in Atlanta, Georgia, Chicago, Illinois, Dallas, Texas, New York, New York, Orlando, Florida, Phoenix, Arizona, London, U.K. and Tokyo, Japan. CIM also maintains additional offices with distribution staff and JV partnerships. See the sections "Overview and History of CIM Group", "CIM Urban Partnership Agreement" and "Investment Management Agreement" in "Item 1—Business" of this Annual Report on Form 10-K.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.6M | $37.7M | $39.1M | $33.4M | $16.7M | $11.9M | $35.6M | $35.7M | $35.6M | $45.1M |
| SG&A | $5.4M | $7.0M | $8.1M | $6.9M | $6.8M | $6.8M | $6.4M | $9.2M | $5.5M | $8.0M |
| Total operating expenses | $152.7M | $148.7M | $170.2M | $95.0M | $88.8M | $92.9M | $226.7M | $195.4M | $263.0M | $273.2M |
| Interest expense | $40.2M | $36.9M | $35.1M | $9.6M | $9.4M | $11.4M | $12.2M | $26.9M | $34.5M | $34.4M |
| Pre-tax income | -$39.1M | -$25.0M | -$50.2M | $7.1M | $2.1M | -$15.7M | $346.4M | $2.1M | $381.1M | $32.4M |
| Income tax | $497.0K | $798.0K | $1.2M | $1.1M | $3.0M | $722.0K | $882.0K | $925.0K | $1.4M | $1.6M |
| Net income | -$39.6M | -$25.8M | -$51.5M | $5.9M | -$850.0K | -$15.0M | $345.7M | $1.1M | $379.7M | $34.5M |
| EPS, basic | -67.08 | -431.43 | -31.02 | -1.11 | -1.04 | -2.27 | 22.11 | -0.98 | 16.41 | — |
| EPS, diluted | -67.08 | -431.43 | -31.02 | -1.11 | -1.04 | -2.27 | 19.74 | -0.98 | 16.41 | 0.38 |
| Shares, diluted (wtd. avg.) | $919.0K | $170.0K | $2.4M | $23.2M | $19.2M | $14.7M | $16.5M | $14.6M | $23.0M | $91.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $15.4M | $20.3M | $44.2M | $57.5M | $33.7M | $43.6M | $35.9M | $54.7M | $154.7M | $176.6M |
| Other intangibles | — | $3.6M | $3.9M | $4.5M | $5.3M | $6.3M | $7.3M | — | — | — |
| Total assets | $859.2M | $889.6M | $891.2M | $690.2M | $660.9M | $685.6M | $667.6M | $1.34B | $1.34B | $2.02B |
| Long-term debt | $509.8M | $505.7M | $471.6M | $184.3M | $203.5M | $327.8M | $311.6M | $594.7M | $634.1M | $972.4M |
| Total liabilities | $592.9M | $562.5M | $514.4M | $312.5M | $249.5M | $361.7M | $352.6M | $689.4M | $681.8M | $1.05B |
| Retained earnings | — | — | — | — | — | — | -$740.6M | -$436.9M | -$399.2M | -$600.0M |
| Total equity | $265.4M | $304.5M | $376.8M | $362.0M | $373.5M | $278.1M | $278.2M | $617.3M | $626.7M | $966.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.8M | $17.0M | $12.0M | $32.4M | $46.3M | $12.8M | $41.0M | $61.5M | -$2.7M | $51.9M |
| Depreciation and amortisation | $27.2M | $27.7M | $52.7M | $20.5M | $20.2M | $21.1M | $26.6M | $52.2M | — | — |
| Stock-based compensation | $220.0K | $220.0K | $183.0K | $202.0K | $220.0K | $222.0K | $194.0K | $162.0K | $154.0K | $164.0K |
| Investing cash flow | -$12.0M | -$22.3M | -$88.7M | -$22.3M | -$12.7M | -$38.3M | $917.2M | -$131.7M | $969.9M | $53.6M |
| Financing cash flow | -$4.6M | $13.9M | $63.4M | $13.7M | -$43.6M | $33.2M | -$1.00B | -$6.5M | -$989.0M | -$77.5M |
| Dividends paid | $0 | $5.8M | $7.7M | $7.7M | $4.0M | $4.4M | $13.1M | $21.9M | $38.3M | $0 |
| Buybacks | — | — | $0 | $4.7M | $0 | — | $0 | $0 | $886.0M | $290.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000908311-26-000065.
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