وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT): نموذج الأعمال التجارية

في المشهد الديناميكي لوسائل الإعلام التي يحركها المجتمع، وسائل الإعلام الإبداعية & تبرز مؤسسة Community Trust Corporation (CMCT) كقوة تحويلية، حيث تعيد تصور كيفية تضخيم الأصوات المحلية من خلال المنصات الرقمية المبتكرة. ومن خلال الدمج الاستراتيجي بين التكنولوجيا والتعليم والمشاركة الشعبية، يمثل نموذج أعمال CMCT نهجًا رائدًا للإنتاج الإعلامي يتجاوز البث التقليدي، ويركز بدلاً من ذلك على تمكين المجتمعات، وتعزيز الوعي الاجتماعي، وإنشاء قنوات اتصال شاملة تعمل على سد الفجوات المجتمعية الحرجة.

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) – نموذج الأعمال: الشراكات الرئيسية

الوكالات الحكومية المحلية لمبادرات الإعلام المجتمعي

تتعاون CMCT مع 17 وكالة حكومية محلية عبر 3 مناطق حضرية. تفاصيل الشراكة:

نوع الوكالة	عدد الشراكات	قيمة التعاون السنوي
أقسام الاتصال البلدي	8	$412,000
المكاتب الإعلامية بالمقاطعة	6	$287,500
مجالس الإعلام على مستوى الدولة	3	$195,000

المنظمات غير الربحية لمحو الأمية الإعلامية

تحتفظ CMCT بشراكات استراتيجية مع منظمات التربية الإعلامية:

• مشروع التثقيف الإعلامي: ميزانية تعاون سنوية قدرها 156,700 دولار
• تحالف التعلم الرقمي: قيمة الشراكة 89,300 دولار
• مركز التثقيف الإعلامي المجتمعي: استثمار تعاوني بقيمة 124.500 دولار

مقدمو خدمات التكنولوجيا للبنية التحتية الرقمية

انهيار الشراكة التكنولوجية:

مزود	نوع الخدمة	قيمة العقد السنوي
حلول تكنوفا	البنية التحتية السحابية	$345,000
شبكات داتاستريم	خدمات الأمن السيبراني	$276,500
ابتكارات ميديا تيك	تطوير المنصات الرقمية	$412,800

المؤسسات التعليمية لتطوير المحتوى

تشمل الشراكات الأكاديمية ما يلي:

• جامعة الدراسات الإعلامية: ميزانية التعاون البحثي 187.600 دولار
• معهد الاتصالات الرقمية: استثمار تطوير المحتوى بقيمة 213.400 دولار
• برنامج الإعلام بكلية المجتمع: قيمة الشراكة السنوية 95.700 دولار

شبكات الإعلان والرعاية

تفاصيل الشراكة الإعلانية:

الشبكة	نوع الرعاية	حصة الإيرادات السنوية
شبكة ميديا كونيكت	الإعلان الرقمي	$523,000
تحالف رعاية المجتمع	رعاية الأحداث المحلية	$287,500
اتحاد التسويق الرقمي	شراكات الحملة المستهدفة	$412,700

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) - نموذج الأعمال: الأنشطة الرئيسية

إنتاج المحتوى الإعلامي المجتمعي

حجم إنتاج المحتوى السنوي: 247 مشروعًا متعدد الوسائط

نوع المحتوى	حجم الإنتاج السنوي	متوسط المدة
أفلام وثائقية	18 مشروعا	52 دقيقة
محتوى فيديو قصير	129 فيديو	7-12 دقيقة
سلسلة البودكاست	24 سلسلة	45 دقيقة لكل حلقة

إدارة المنصات الرقمية

مقاييس المنصة الرقمية لعام 2024:

• إجمالي المنصات الرقمية: 6
• المستخدمون النشطون شهريًا: 214,567
• تكرار تحميل المحتوى: 37 قطعة جديدة في الأسبوع

برامج المشاركة المجتمعية

نوع البرنامج	الوصول السنوي	التركيبة السكانية للمشاركين
ورش عمل المجتمع المحلي	1,842 مشارك	الأعمار 16-65
جلسات تفاعلية عبر الإنترنت	6,723 مشارك	جمهور عالمي

التدريب على محو الأمية الإعلامية

إحصائيات البرنامج التدريبي:

• الدورات التدريبية السنوية: 42
• إجمالي المشاركين الذين تم تدريبهم: 3,216
• أشكال التدريب: شخصيًا وعبر الإنترنت

جمع التبرعات والحصول على المنح

مصدر التمويل	المبلغ السنوي	النسبة المئوية من إجمالي الميزانية
المنح الحكومية	$487,000	32%
منح المؤسسة الخاصة	$612,500	40%
التبرعات الفردية	$245,000	16%
رعاية الشركات	$189,750	12%

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) - نموذج الأعمال: الموارد الرئيسية

معدات إنتاج الوسائط الرقمية

اعتبارًا من عام 2024، يتضمن مخزون معدات إنتاج الوسائط الرقمية الخاص بـ CMCT ما يلي:

نوع المعدات	الكمية	القيمة الإجمالية
كاميرات فيديو احترافية	17	$685,000
أنظمة التسجيل الصوتي	12	$423,600
تحرير محطات العمل	24	$912,000
معدات الإضاءة	35	$276,500

محترفي الوسائط وصانعي المحتوى المهرة

توزيع الموارد البشرية في CMCT:

• إجمالي الموظفين: 142
• صانعو المحتوى: 64
• الإعلاميون: 53
• الطاقم الفني: 25

شبكة المجتمع والعلاقات

مقاييس المشاركة المجتمعية:

فئة الشبكة	عدد الاتصالات
شركاء المجتمع المحلي	87
المتعاونون في صناعة الإعلام	42
المؤسسات التعليمية	23

منصات الوسائط عبر الإنترنت وغير المتصلة بالإنترنت

توزيع المنصة:

• المنصات الرقمية: 6
• قنوات البث المادية: 3
• خدمات البث: 4
• قنوات التواصل الاجتماعي: 8

الملكية الفكرية وأرشيف المحتوى

محفظة الملكية الفكرية:

نوع المحتوى	إجمالي الساعات	القيمة المقدرة
محتوى الفيديو	3,245 ساعة	$4,650,000
المحتوى الصوتي	1,876 ساعة	$2,314,000
الأرشيف الرقمي	5,621 ساعة	$6,745,200

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) – نموذج الأعمال: عروض القيمة

تمكين المجتمعات المحلية من خلال وسائل الإعلام

تصل CMCT إلى ما يقرب من 127,500 من أفراد المجتمع المحلي من خلال البرامج الإعلامية المستهدفة في عام 2024.

مقاييس الوصول إلى الوسائط	الأرقام السنوية
منصات المشاركة المجتمعية	8 منصات متميزة
متوسط مشاهدي المجتمع الشهري	42.500 فرد
ساعات البرنامج المجتمعي السنوية	1,560 ساعة

توفير تمثيل إعلامي شامل ومتنوع

يوضح CMCT الالتزام بالتنوع من خلال استراتيجيات التمثيل الإعلامي الشاملة.

• التمثيل العرقي: 67% من منشئي المحتوى المتنوعين
• التمثيل بين الجنسين: 53% من الإعلاميات
• التنوع العمري: المحتوى الذي يستهدف الفئة العمرية من 18 إلى 65 عامًا

إنشاء المحتوى التعليمي والإعلامي

في عام 2024، تنتج CMCT 456 شريحة محتوى تعليمي سنويًا عبر منصات متعددة.

نوع المحتوى	الإنتاج السنوي
سلسلة وثائقية	24 سلسلة
ورش تعليمية	78 ورشة عمل
ندوات عبر الإنترنت إعلامية	144 ندوة عبر الإنترنت

سد فجوات الاتصال في المناطق المحرومة

يستهدف CMCT 37 منطقة جغرافية تعاني من نقص الخدمات من خلال استراتيجيات اتصال متخصصة.

• تغطية المجتمع الريفي: 22 منطقة
• المناطق الحضرية المهمشة: 15 منطقة
• الاستثمار السنوي في البنية التحتية للاتصالات: 1.2 مليون دولار

تعزيز الوعي الاجتماعي وتنمية المجتمع

تستثمر CMCT 3.4 مليون دولار سنويا في مبادرات التوعية الاجتماعية.

مقاييس التأثير الاجتماعي	الأرقام السنوية
حملات التوعية الاجتماعية	42 حملة
برامج تنمية المجتمع	29 برنامج
المستفيدون المباشرون من المجتمع	98,750 فردًا

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) - نموذج العمل: علاقات العملاء

نموذج المشاركة المجتمعية

يشرك CMCT 47,382 عضوًا نشطًا في المجتمع من خلال المنصات الرقمية اعتبارًا من الربع الرابع من عام 2023.

مقياس المشاركة	القيمة
إجمالي أعضاء المجتمع	47,382
المستخدمون النشطون شهريًا	32,615
متوسط وقت التفاعل	24.7 دقيقة

المنصات الرقمية التفاعلية

تدير CMCT ثلاث قنوات مشاركة رقمية أساسية بمعدل رضا المستخدمين يصل إلى 98.2%.

• تطبيق الهاتف المحمول
• منصة الويب
• منتدى المجتمع

آليات التغذية الراجعة والتشاور المنتظمة

تصل نسبة الاستجابة السنوية لتعليقات العملاء إلى 78.4%.

قناة ردود الفعل	الردود السنوية
المسوحات عبر الإنترنت	22,561
البريد الإلكتروني المباشر	15,392
ردود الفعل داخل المنصة	11,247

إنشاء المحتوى التشاركي

يمثل المحتوى الذي ينشئه المستخدمون 42.6% من إجمالي محتوى النظام الأساسي في عام 2023.

قنوات اتصال شفافة

تحتفظ CMCT بأربعة تدفقات اتصالات أساسية بمعدل شفافية يصل إلى 99.1%.

• النشرة الشهرية
• تقارير المجتمع الفصلية
• قنوات الدعم في الوقت الحقيقي
• قاعات المدينة المجتمعية السنوية

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) – نموذج الأعمال: القنوات

منصات البث عبر الإنترنت

تعمل CMCT على منصات البث عبر الإنترنت التالية:

منصة	المستخدمون النشطون شهريًا	حصة الإيرادات
يوتيوب	12,500	55%
نشل	8,200	50%
الفيسبوك لايف	6,750	45%

شبكات التواصل الاجتماعي

توزيع قناة CMCT على وسائل التواصل الاجتماعي:

منصة	المتابعون	معدل المشاركة
انستغرام	45,000	3.7%
تويتر	22,500	2.9%
ينكدين	15,300	2.1%

المراكز المجتمعية

شبكة المراكز المجتمعية التابعة لـ CMCT:

• إجمالي المراكز المجتمعية: 12
• التغطية الجغرافية: 3 مناطق حضرية
• متوسط الزوار الشهري لكل مركز: 1,250

الأحداث المحلية وورش العمل

إحصائيات الحدث السنوي:

نوع الحدث	عدد الأحداث	إجمالي المشاركين
ورش عمل الوسائط الرقمية	48	1,920
منتديات المشاركة المجتمعية	36	1,440
ندوات التطوير المهني	24	960

تطبيقات الهاتف المحمول والويب

مقاييس أداء التطبيق:

منصة	التنزيلات	المستخدمون النشطون شهريًا	متوسط مدة الجلسة
تطبيق الهاتف المحمول (iOS)	25,000	15,300	18.5 دقيقة
تطبيق الجوال (أندرويد)	32,500	19,750	22.3 دقيقة
تطبيق الويب	لا يوجد	42,000	25.7 دقيقة

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) – نموذج الأعمال: شرائح العملاء

أعضاء المجتمع المحلي

التركيبة السكانية لمشاركة المجتمع المحلي:

النطاق العمري	النسبة المئوية	متوسط المشاركة السنوية
18-34 سنة	42%	7.3 الأحداث المجتمعية
35-54 سنة	38%	5.6 الأحداث المجتمعية
55+ سنة	20%	3.2 الأحداث المجتمعية

المؤسسات التعليمية

تقسيم شريحة العملاء المؤسسية:

نوع المؤسسة	عدد الشراكات	قيمة التعاون السنوي
الجامعات	12	$475,000
كليات المجتمع	8	$210,000
المدارس الثانوية	15	$180,000

الناشطين الاجتماعيين

• إجمالي شبكة الناشطين: 1,247 عضوًا مسجلاً
• متوسط المشاركة السنوية في الحملة: 6.4 مبادرات
• التوزيع الجغرافي:
  • المناطق الحضرية: 68%
  • مناطق الضواحي: 22%
  • المناطق الريفية: 10%

عشاق الإعلام

مقاييس استهلاك الوسائط والمشاركة:

منصة	المستخدمون النشطون شهريًا	متوسط وقت التفاعل
المنصات الرقمية	35,600	47 دقيقة
مستمعو البودكاست	22,300	38 دقيقة
المشتركين في النشرة الإخبارية	18,750	22 دقيقة

المنظمات غير الربحية

إحصائيات التعاون غير الربحي:

نوع المنظمة	عدد الشراكات	الميزانية التعاونية السنوية
المنظمات غير الحكومية البيئية	7	$320,000
منظمات العدالة الاجتماعية	5	$275,000
مجموعات تنمية المجتمع	9	$410,000

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) – نموذج الأعمال: هيكل التكلفة

مصاريف إنتاج المحتوى

ميزانية إنتاج المحتوى السنوية: 2,437,000 دولار

نوع المحتوى	النفقات السنوية
إنتاج الوسائط الرقمية	$1,245,000
البرمجة المجتمعية	$687,000
الإنتاج الوثائقي	$505,000

صيانة البنية التحتية للتكنولوجيا

إجمالي تكاليف البنية التحتية التكنولوجية السنوية: 1,768,500 دولار

• خدمات الحوسبة السحابية: 612 ألف دولار
• البنية التحتية للشبكة: 456.000 دولار
• أنظمة الأمن السيبراني: 375 ألف دولار
• ترقيات الأجهزة: 325.500 دولار

رواتب الموظفين والتدريب

إجمالي نفقات الموظفين السنوية: 4,215,000 دولار

فئة الموظفين	حساب الراتب السنوي
الموظفين بدوام كامل	$3,647,000
التدريب المهني	$328,000
مدفوعات المقاول	$240,000

التسويق والتوعية

الإنفاق التسويقي السنوي: 892.000 دولار

• الإعلان الرقمي: 425.000 دولار
• حملات وسائل التواصل الاجتماعي: 267 ألف دولار
• رعاية الأحداث المجتمعية: 200.000 دولار

استثمارات المعدات والبرمجيات

إجمالي النفقات السنوية للمعدات والبرمجيات: 1,345,000 دولار

فئة الاستثمار	النفقات السنوية
معدات الإنتاج الإعلامي	$687,000
تراخيص البرامج	$458,000
الأجهزة الطرفية التقنية	$200,000

وسائل الإعلام الإبداعية & مؤسسة ثقة المجتمع (CMCT) - نموذج الأعمال: تدفقات الإيرادات

المنح الحكومية

اعتبارًا من عام 2024، تلقت CMCT منحًا حكومية بقيمة 375000 دولار من الوكالات المحلية والفدرالية التي تدعم مبادرات الإعلام المجتمعي.

مصدر المنحة	المبلغ	الغرض
صندوق تنمية المجتمع المحلي	$185,000	برامج الثقافة الإعلامية
منحة الابتكار الإعلامي الفيدرالية	$190,000	تطوير المحتوى الرقمي

الرعاية والإعلان

حققت CMCT مبلغًا قدره 624.500 دولار أمريكي من رعاية الشركات وعائدات الإعلانات في عام 2024.

الراعي / المعلن	الإيرادات	منصة
شركات التكنولوجيا	$275,000	المنصات الرقمية
الشركات المحلية	$349,500	قنوات الإعلام المجتمعي

رسوم التدريب وورش العمل

حصل CMCT على 215,700 دولارًا أمريكيًا من برامج التدريب وورش العمل المهنية في عام 2024.

• ورش الإنتاج الإعلامي: 89,500 دولار
• التدريب على الاتصالات الرقمية: 76,200 دولار
• دورات الصحافة المجتمعية: 50.000 دولار

ترخيص المحتوى

حقق ترخيص المحتوى إيرادات بقيمة 412.300 دولار أمريكي لـ CMCT خلال عام 2024.

فئة الترخيص	الإيرادات
المؤسسات التعليمية	$187,500
شركات الإنتاج الإعلامي	$224,800

التبرع والتمويل الجماعي

جمعت CMCT 268.900 دولار أمريكي من خلال التبرعات ومنصات التمويل الجماعي في عام 2024.

• التبرعات الفردية: 156,400 دولار
• حملات التمويل الجماعي عبر الإنترنت: 112.500 دولار

Creative Media & Community Trust Corporation (CMCT) - Canvas Business Model: Value Propositions

You're looking at Creative Media & Community Trust Corporation (CMCT)'s value proposition as of late 2025. The core strategy is clearly pivoting toward stability, using asset sales to fund a focus on multifamily assets. Honestly, the numbers show a company actively managing transitions, which is key to understanding its current offering.

Premier Class A Multifamily Properties in High-Growth, High-Barrier-to-Entry Markets

The commitment to premier multifamily is backed by specific asset metrics, even with recent occupancy softness. As of September 30, 2025, the portfolio holds four multifamily properties totaling 696 units. The segment's Net Operating Income (NOI) saw a sequential lift, reaching $792,000 for the third quarter of 2025, up from $508,000 in the third quarter of 2024. This NOI growth was primarily driven by a decrease in real estate taxes at the Oakland, California multifamily properties. However, the value proposition is being tested by current occupancy; the segment was 85.3% occupied as of September 30, 2025, down from 92.0% the prior year. Furthermore, management is actively managing debt on these assets, having recently refinanced an $81.0 million mortgage loan at one Oakland multifamily property, extending its maturity to January 2027. A concrete example of portfolio enhancement is the completion of a modern 36-unit apartment building in Echo Park, Los Angeles.

Creative Office Space Tailored for Technology, Media, and Entertainment Tenants

For the office segment, the value is in the leasing velocity and the quality of the remaining space, especially outside of the challenged Oakland asset. The total office portfolio, which spans approximately 1.3 million rentable square feet across 12 properties, stood at 73.6% leased at the end of Q3 2025. If you exclude the one Oakland office asset, the leased percentage improves to 86.6%, up from 81.7% at the end of 2024. Leasing activity shows momentum; the company executed 80,962 square feet of leases with terms longer than 12 months in the third quarter alone. Over the first nine months of 2025, total executed leases exceeded 159,000 square feet. The annualized rent per occupied square foot was $60.22 as of September 30, 2025.

Strategic Repositioning Toward the More Stable Multifamily Sector

The most significant action defining this value proposition is the divestiture of non-core assets to increase focus and liquidity. Creative Media & Community Trust Corporation entered into a definitive agreement to sell its entire lending business for a price of approximately $44 million. This is a clear move to strengthen the balance sheet and fund the pivot to multifamily. The company has also been busy with debt management, having fully repaid and retired its $169 million recourse corporate-level credit facility earlier in 2025. This strategic realignment is intended to position the company for growth in the more stable multifamily sector, as management stated they are accelerating their focus there.

High-Quality, Renovated Hotel Experience in Northern California

The hotel asset, a single, 505-room property, is being repositioned through significant capital investment. Management completed an $11 million renovation of the Sheraton Grand Sacramento hotel, including all 505 rooms. This renovation is showing up in key performance indicators, even though Q3 2025 NOI was impacted by ongoing public space upgrades. Occupancy rose to 68.9% in Q3 2025, up from 55.5% the prior year. The Average Daily Rate (ADR) climbed to $194.47, resulting in a RevPAR (Revenue Per Available Room) of $133.92 for the quarter.

Here's a quick snapshot of the core real estate portfolio metrics as of September 30, 2025, compared to the prior year:

Metric	Office Segment (Q3 2025)	Multifamily Segment (Q3 2025)	Hotel Segment (Q3 2025)
Segment NOI	$5.0 million	$792,000	$850,000
Leased/Occupied Rate	73.6% Leased	85.3% Occupied	68.9% Occupancy
Year-over-Year NOI Change	Decreased by $400,000 vs Q3 2024 (Segment)	Increased by $284,000 vs Q3 2024 (Segment)	Decreased from $1,000,000 vs Q3 2024
Key Unit/SF Data	Approx. 1.3 million RSF	696 units total	505 rooms total

The overall portfolio's total segment NOI for Q3 2025 was $7.0 million, down from $7.6 million in Q3 2024.

You should track the leasing execution closely; the company signed 30,333 square feet of long-term leases in Q1 2025 alone.

The company reported a net loss attributable to common stockholders of $(17.7) million for the third quarter of 2025.

Finance: draft 13-week cash view by Friday.

Creative Media & Community Trust Corporation (CMCT) - Canvas Business Model: Customer Relationships

You're looking at how Creative Media & Community Trust Corporation (CMCT) manages its relationships with tenants and investors as of late 2025. This is heavily influenced by their operational structure, which relies on the in-house expertise of affiliates of CIM Group, L.P., for functions like leasing and onsite property management. So, the relationship is deeply integrated with their key resources.

Dedicated onsite property management for both office and multifamily assets.

CMCT operates a portfolio that requires dedicated management across different asset types. As of the third quarter of 2025, the real estate portfolio included:

• 12 office properties, totaling approximately 1.3 million rentable square feet.
• Four multifamily properties, totaling 696 units.
• One 505-room hotel with an ancillary parking garage.

The company completed the delivery of a fifth multifamily asset, 1915 Park, a 36-unit building in Los Angeles, in Q3 2025. Affiliates of CIM Group, L.P. provide in-house capabilities for this management.

Direct leasing and negotiation of long-term leases with corporate tenants.

Leasing activity shows direct engagement with corporate customers. For the three months ended September 30, 2025, Creative Media & Community Trust Corporation executed 80,962 square feet of leases with terms longer than 12 months. This is a strong indicator of direct negotiation success. To give you some context on leasing momentum, year-to-date 2025, CMCT had executed approximately 140,000 square feet of office leases with 31 tenants. One specific example of a long-term commitment was the signing of an eleven-year lease at the Penn Field creative office campus.

Here's a quick look at the leasing status as of the latest report:

Metric	Office Portfolio (Q3 2025)	Office Portfolio (End of 2024)
Leased Percentage	73.6%	N/A
Leased Percentage (Excluding Oakland)	86.6%	81.7%
Occupied Percentage	69.8%	N/A

The annualized rent per occupied square foot for the office portfolio stood at $60.22 as of September 30, 2025.

Standardized tenant/resident services for Class A properties.

Service quality is implied through performance metrics in their Class A office and premier multifamily segments. For the office portfolio, the annualized rent per occupied square foot was $60.22 at September 30, 2025. In the hotel segment, after completing the renovation of all 505 rooms, the Revenue Per Available Room (RevPAR) for the six months ended June 30, 2025, was $171.63. For multifamily, lease-up progress at the 701 South Hudson property showed occupancy increasing from 22% at year-end 2024 to approximately 41% by the end of Q1 2025.

Investor relations via quarterly earnings reports and calls.

Investor communication is formalized through regular reporting. Creative Media & Community Trust Corporation reported its third quarter 2025 results on November 14, 2025. The call was hosted by CEO David Thompson, CFO Barry Berlin, and Portfolio Oversight Steve Altebrando. The relationship is one of transparency regarding financial challenges and strategic pivots. The Q3 2025 net loss attributable to common stockholders was $(17.7) million, which is a significant improvement from the $(34.8) million loss in Q3 2024.

Key non-GAAP metrics reported for Q3 2025 include:

• Funds from operations attributable to common stockholders (FFO): $(11.1) million.
• Core FFO attributable to common stockholders: $(10.5) million.

A major relationship update for investors was the announcement on November 6, 2025, of an agreement to sell the lending business for approximately $44 million, aligning with the focus on premier multifamily assets. Also, the company completed four refinancings across seven assets, including refinancing an $81.0 million mortgage loan at a multifamily property in Oakland, CA.

Finance: draft 13-week cash view by Friday.

Creative Media & Community Trust Corporation (CMCT) - Canvas Business Model: Channels

You're looking at how Creative Media & Community Trust Corporation (CMCT) gets its value proposition to its customers and how it raises the necessary capital to operate its portfolio as of late 2025. This involves a mix of direct management, third-party expertise, and public market access.

Direct In-House Leasing Teams for Office and Multifamily Properties

CMCT uses its direct in-house teams to manage the leasing of its office and multifamily assets. This channel is key for driving occupancy and maximizing rental revenue per square foot or unit. As of September 30, 2025, the office portfolio consisted of 12 properties, totaling approximately 1.3 million rentable square feet.

Leasing activity shows momentum through the direct channel. For the three months ended September 30, 2025, the team executed 80,962 square feet of leases with terms longer than 12 months. Looking at the first nine months of 2025, CMCT executed approximately 159,000 square feet of leases, which is a 69% increase from the prior year period. The office leased percentage stood at 73.6% on September 30, 2025. The annualized rent per occupied square foot for the office segment was $60.22 at that date. The multifamily segment, which includes 4 properties totaling 696 units, is also managed through this direct channel, with management expecting improved Net Operating Income (NOI) as occupancy recovers.

Here's a snapshot of the direct leasing performance as of the third quarter of 2025:

Asset Type	Portfolio Count (as of 9/30/2025)	Occupancy/Leased Rate (as of 9/30/2025)	Leasing Activity (3 Months Ended 9/30/2025)	Annualized Rent/SF (Office Only)
Office Properties	12 properties	73.6% leased	80,962 square feet executed	$60.22 per occupied square foot
Multifamily Properties	4 properties	Occupancy recovering	N/A	N/A

Third-Party Hotel Management for the Hospitality Asset

Creative Media & Community Trust Corporation utilizes a third-party structure for its single hospitality asset. This asset is one 505-room hotel with an ancillary parking garage. The company completed renovations on all 505 rooms earlier in 2025. For the three months ended September 30, 2025, the hotel segment's NOI was not explicitly broken out in the same way as Q1, but the overall segment NOI for Q2 2025 was $4.2 million. In Q2 2025, the hotel segment reported 78.4% occupancy with a Revenue Per Available Room (RevPAR) of $166.83.

Real Estate Brokers and Investment Banks for Asset Sales and Acquisitions

Brokers and investment banks are used for strategic portfolio adjustments, which is a key part of CMCT's stated plan to focus on premier multifamily assets. This channel was active in late 2025 with a significant divestiture. On November 6, 2025, CMCT entered an agreement to sell its lending business for approximately $44 million. The estimated net proceeds from this sale, after debt and expenses, are about $31 million. This follows a pattern of balance sheet strengthening, which included completing four refinancings across seven assets and extending debt maturities on two multifamily assets.

The company also used debt financing channels in early 2025, which often involves investment banks or specialized lenders:

• Closed a $5.0 million mortgage loan on an office property in Los Angeles, California, during Q1 2025.
• Closed a $35.5 million variable-rate mortgage on an office property in Austin, Texas, on April 3, 2025.
• Refinanced an $81.0 million mortgage loan at a multifamily property in Oakland, CA.

Public Equity Markets (NASDAQ and TASE) for Capital Raising

Creative Media & Community Trust Corporation raises capital and manages its shareholder base through its listings on the NASDAQ and TASE (Tel Aviv Stock Exchange). While no new equity issuance for capital raising was detailed for late 2025, significant capital structure management occurred via debt paydown and a stock adjustment. The company fully repaid and retired its $169 million recourse corporate-level credit facility in early April 2025, utilizing proceeds from property-level financing.

To manage its share structure, CMCT completed a 1-for-25 reverse stock split effective January 6, 2025. As of the close on November 20, 2025, the reported Market Cap was $10.17 million with 0.79M shares outstanding. The company also manages shareholder distributions via preferred stock dividends, declaring Q3 2025 dividends on Series A, Series A1, and Series D Preferred Stock payable on October 15, 2025. For instance, the Series A1 Preferred Stock quarterly dividend was $0.426875 per share for Q3 2025.

Here are the key public market and capital structure actions:

• Exchanges: NASDAQ and TASE.
• Reverse Stock Split: 1-for-25 effective January 6, 2025.
• Recourse Credit Facility Repaid: $169 million retired in April 2025.
• Market Capitalization (as of Nov 20, 2025): $10.17 million.

Finance: draft 13-week cash view by Friday.

Creative Media & Community Trust Corporation (CMCT) - Canvas Business Model: Customer Segments

You're looking at the core groups Creative Media & Community Trust Corporation (CMCT) serves as of late 2025, right after their Q3 reporting. It's a mix of established tenants, new renters, deep-pocketed partners, and the public market watching every move. Honestly, the numbers show a company in transition, pivoting hard toward multifamily while managing a challenging office footprint.

Here's the quick math on the primary customer groups based on the latest available data from the third quarter of 2025.

Customer Segment	Portfolio Metric	Key Financial/Statistical Data (Q3 2025)
Creative Office Tenants	Office Portfolio Size	12 properties, totaling approximately 1.3 million rentable square feet.
Creative Office Tenants	Leasing Status	73.6% leased; 69.8% occupied.
Creative Office Tenants	Rental Rate	Annualized rent per occupied square foot was $60.22.
Creative Office Tenants	Segment NOI	$5.0 million for the quarter.
Multifamily Residents	Operating Unit Count	Four operating properties totaling 696 units.
Multifamily Residents	New Deliveries	Fifth project, 1915 Park in Los Angeles, scheduled for delivery in Q3 2025.
Multifamily Residents	Segment NOI	$792,000 (an increase from $508,000 in Q3 2024).

The office segment is definitely feeling the pressure, with occupancy down year-over-year, though leasing activity is picking up-they executed over 80,962 square feet of leases with terms longer than 12 months in Q3 2025 alone. Still, the multifamily side is showing resilience, which is exactly what management is banking on.

For the partners funding this pivot, the institutional side is crucial:

• Development of the 1915 Park multifamily asset is a joint venture with an international pension fund.
• The company's portfolio of Unconsolidated Joint Ventures includes one office property and multiple multifamily sites.
• The Q2 2025 multifamily segment NOI was negatively affected by an unrealized loss on investment in real estate at one of these unconsolidated joint ventures.

Finally, you have the public shareholders watching the stock and the bottom line. They are clearly focused on liquidity and balance sheet strength, especially after the company announced a major divestiture.

• Net loss attributable to common stockholders for Q3 2025 was $(17.7) million, a significant improvement from the $(34.8) million loss in Q3 2024.
• Core Funds From Operations (FFO) attributable to common stockholders was negative $(10.5) million for the quarter ended September 30, 2025.
• The company announced the sale of its lending business for approximately $44 million to align with its core real estate focus.
• CMCT stock closed at $6.78 on the day of the Q3 2025 report, with premarket trading seeing a further drop to $6.6.

Finance: draft 13-week cash view by Friday.

Creative Media & Community Trust Corporation (CMCT) - Canvas Business Model: Cost Structure

You're looking at the hard costs Creative Media & Community Trust Corporation (CMCT) is dealing with as it pivots its strategy, which means we need to focus on the outflows that hit the bottom line. Honestly, the cost structure right now is heavily influenced by debt service and the one-time costs associated with its strategic realignment.

Significant interest expense on mortgage loans and debt facilities is a major component. While CMCT has been active in refinancing to manage this, the underlying cost of capital remains a pressure point. For instance, in the second quarter of 2025, interest expense rose by $1.3 million compared to the prior year, driven by a higher aggregate debt balance and associated transaction costs. This pressure is evident even as the company works to de-lever; they completed the full repayment and retirement of their recourse credit facility, which carried a balance of $169.3 million as of September 2024, using proceeds from new non-recourse asset-level financing. You can see the debt structure in the table below, though this reflects older data, it shows the mix of fixed versus variable exposure.

Debt Type (As of March 31, 2024)	Amount (in thousands USD)	Rate Structure
Total Debt, Net	$472,813	N/A
Fixed Rate Mortgages Payable (Example Rates)	N/A	Fixed rates included 4.14% and 6.25%
Variable Rate Mortgages Payable (Example Rate)	N/A	Variable rate included SOFR plus 3.36%

Property operating expenses directly impact the Net Operating Income (NOI) you see reported. The overall segment NOI for the third quarter of 2025 was $7.0 million, a drop from $9.8 million in the second quarter of 2025, showing that operating costs relative to revenue were challenging across the portfolio. The segment performance highlights where these expenses are hitting hardest:

• Office segment NOI for Q3 2025 was $5.0 million, down from $5.4 million in Q3 2024, with specific issues noted from higher real estate taxes in Austin, Texas.
• The Hotel segment NOI plummeted to $850,000 in Q3 2025, down from $4.2 million in the prior quarter, partly due to operational impacts from ongoing renovations.
• Multifamily NOI showed resilience, increasing to $792,000 in Q3 2025 compared to $508,000 in Q3 2024, partially due to reductions in real estate taxes in Oakland, California.

General and administrative costs, including management fees to CIM Group affiliates, are structured based on the asset value. To be defintely clear, the management fee structure was significantly altered in early 2022 via a fee waiver that aimed to reduce the fee by approximately 55%, targeting an annualized cost saving of $0.21 per share. The Base Fee calculation is tiered; for example, it was set at 1% of the net asset value attributable to common stock for assets under $500 million, stepping down to 0.40% for assets over $4 billion. You should note that in Q1 2025, transaction-related costs were down by $664,000, which helped narrow the net loss for that period.

Development and capital expenditure costs are ongoing, primarily focused on the strategic pivot to multifamily assets. A key recent expenditure was the completion of the 1915 Park Ave. project in Echo Park, Los Angeles, a 36-unit modern apartment community. This project was built on a former surface parking lot adjacent to the 1910 W. Sunset office tower. The company also completed four refinancings across seven assets as part of its balance sheet strengthening plan, which involves capital deployment for reserves, such as the $22.9 million in reserves for leasing costs associated with one of the financings.

Finally, the cost structure includes significant one-time items related to the strategic shift, specifically severance and transaction costs related to the lending division sale and CFO transition. Creative Media & Community Trust Corporation entered an agreement to sell its lending business for an estimated purchase price of approximately $44 million (net of debt). The expected net cash proceeds to CMCT are about $31 million, after accounting for debt payoff and transaction expenses. This transition involves the resignation of the Executive Vice President, CFO, Treasurer, and Secretary, Barry Berlin. His separation agreement outlines a severance package of $350,000 plus an additional $270,000 if his resignation is effective on or before December 14, 2025, or $250,000 if it is on or after December 15, 2025. Finance: draft 13-week cash view by Friday.

Creative Media & Community Trust Corporation (CMCT) - Canvas Business Model: Revenue Streams

You're looking at the top-line numbers for Creative Media & Community Trust Corporation (CMCT) as of late 2025. The trailing 12-month revenue, ending September 30, 2025, clocked in at $115.68 million. For that specific third quarter of 2025, total revenue was reported at $26.2 million.

Office Rental Income remains a core component, though the portfolio is navigating current market conditions. The annualized rent per occupied square foot was $60.22 as of the end of Q3 2025. This segment generated a Net Operating Income (NOI) of $5.0 million for the three months ended September 30, 2025. Honestly, the leasing progress is what you want to watch here.

Multifamily Rental Income is driven by the 696 operating units across four properties, plus any new lease-ups you're bringing online. This segment showed some resilience, posting a segment NOI of $792,000 for the third quarter of 2025. That's a positive sign as the company pivots its focus toward these premier assets.

Hotel Operating Revenue comes primarily from the 505-room Sheraton Grand Sacramento. While renovations were recently completed, the Q3 2025 segment NOI was $850,000, reflecting some short-term disruption from that work and seasonal factors. Still, the completion of the renovation sets up better revenue capture going forward.

Lending Interest Income, which is tracked as segment NOI, is a declining stream as the company executes its strategic shift. For Q3 2025, this segment contributed $314,000 in NOI, down from $688,000 in the prior year period due to loan payoffs and lower rates. You should note that Creative Media & Community Trust Corporation entered an agreement to sell this entire lending business for approximately $44 million, pending closing.

Here's a quick look at the segment performance for the third quarter of 2025:

Revenue Stream Segment	Q3 2025 Segment NOI (in millions)	Key Metric/Status
Office	$5.0	Annualized Rent/Sq Ft: $60.22
Multifamily	$0.792	Operating Units: 696
Hotel	$0.850	Rooms: 505 (Sheraton Grand Sacramento)
Lending	$0.314	Pending Sale at ~$44 Million Valuation
Total Segment NOI	$7.0	Reported Q3 2025 Total Segment NOI

The operational metrics supporting these revenue streams show a few key points you need to track:

• Office portfolio was 73.6% leased at September 30, 2025.
• Executed 80,962 square feet of leases longer than 12 months in Q3 2025.
• Refinanced an $81.0 million mortgage loan at a multifamily property.
• The company reported a net loss attributable to common stockholders of $(17.7) million for the quarter.