Creative Media & Corporación de Confianza de la Comunidad (CMCT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de los medios impulsados ​​por la comunidad, los medios creativos & Community Trust Corporation (CMCT) surge como una fuerza transformadora, reinventando cómo las voces locales pueden amplificarse a través de plataformas digitales innovadoras. Al tejer estratégicamente la tecnología, la educación y el compromiso de base, el modelo de negocio de CMCT representa un enfoque innovador para la producción de medios que va más allá de la transmisión tradicional, centrándose en cambio en empoderar a las comunidades, promover la conciencia social y crear canales de comunicación inclusivos que unen las brechas sociales críticas.

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocios: asociaciones clave

Agencias gubernamentales locales para iniciativas de medios comunitarios

CMCT colabora con 17 agencias gubernamentales locales en 3 regiones metropolitanas. Detalles de la asociación:

Tipo de agencia	Número de asociaciones	Valor de colaboración anual
Departamentos de comunicación municipal	8	$412,000
Oficinas de medios de condado	6	$287,500
Consejos de medios a nivel estatal	3	$195,000

Organizaciones sin fines de lucro para la alfabetización mediática

CMCT mantiene asociaciones estratégicas con organizaciones de alfabetización mediática:

• Proyecto de alfabetización de medios: presupuesto anual de colaboración de $ 156,700
• Alianza de aprendizaje digital: valor de asociación $ 89,300
• Centro de educación de medios comunitarios: inversión de colaboración $ 124,500

Proveedores de servicios de tecnología para infraestructura digital

Desglose de asociación tecnológica:

Proveedor	Tipo de servicio	Valor anual del contrato
Soluciones Technova	Infraestructura en la nube	$345,000
DataStream Reds	Servicios de ciberseguridad	$276,500
Innovaciones Mediatech	Desarrollo de plataforma digital	$412,800

Instituciones educativas para el desarrollo de contenido

Las asociaciones académicas incluyen:

• Universidad de Estudios de Medios: Presupuesto de colaboración de investigación $ 187,600
• Instituto de Comunicación Digital: Inversión en desarrollo de contenido $ 213,400
• Programa de medios de la universidad comunitaria: valor de asociación anual $ 95,700

Redes de publicidad y patrocinio

Detalles de la asociación publicitaria:

Red	Tipo de patrocinio	Participación anual de ingresos
MediaConnect Network	Publicidad digital	$523,000
Alianza de patrocinio comunitario	Patrocinios de eventos locales	$287,500
Consorcio de marketing digital	Asociaciones de campaña dirigidas	$412,700

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocio: actividades clave

Producción de contenido de medios comunitarios

Volumen de producción de contenido anual: 247 proyectos multimedia

Tipo de contenido	Volumen de producción anual	Duración promedio
Documental	18 proyectos	52 minutos
Contenido de video de forma corta	129 videos	7-12 minutos
Serie de podcasts	24 series	45 minutos por episodio

Administración de plataforma digital

Métricas de plataforma digital para 2024:

• Plataformas digitales totales: 6
• Usuarios activos mensuales: 214,567
• Frecuencia de carga de contenido: 37 piezas nuevas por semana

Programas de participación comunitaria

Tipo de programa	Alcance anual	Demografía participante
Talleres de la comunidad local	1.842 participantes	Edades 16-65
Sesiones interactivas en línea	6.723 participantes	Audiencia global

Capacitación en alfabetización multimedia

Estadísticas del programa de capacitación:

• Sesiones de capacitación anual: 42
• Total participantes capacitados: 3,216
• Formatos de capacitación: en persona y en línea

Recaudación de fondos y adquisición de subvenciones

Fuente de financiación	Cantidad anual	Porcentaje del presupuesto total
Subvenciones del gobierno	$487,000	32%
Subvenciones de la Fundación Privada	$612,500	40%
Donaciones individuales	$245,000	16%
Patrocinios corporativos	$189,750	12%

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocios: recursos clave

Equipo de producción de medios digitales

A partir de 2024, el inventario de equipos de producción de medios digitales de CMCT incluye:

Tipo de equipo	Cantidad	Valor total
Cámaras de video profesionales	17	$685,000
Sistemas de grabación de audio	12	$423,600
Edición de estaciones de trabajo	24	$912,000
Equipo de iluminación	35	$276,500

Profesionales de medios calificados y creadores de contenido

Desglose de recursos humanos de CMCT:

• Total de empleados: 142
• Creadores de contenido: 64
• Profesionales de los medios: 53
• Personal técnico: 25

Red y relaciones comunitarias

Métricas de compromiso de la comunidad:

Categoría de red	Número de conexiones
Socios comunitarios locales	87
Colaboradores de la industria de los medios	42
Instituciones educativas	23

Plataformas de medios en línea y fuera de línea

Distribución de la plataforma:

• Plataformas digitales: 6
• Canales de transmisión física: 3
• Servicios de transmisión: 4
• Canales de redes sociales: 8

Propiedad intelectual y archivos de contenido

Cartera de propiedades intelectuales:

Tipo de contenido	Horas totales	Valor estimado
Contenido de video	3,245 horas	$4,650,000
Contenido de audio	1.876 horas	$2,314,000
Archivos digitales	5.621 horas	$6,745,200

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocio: propuestas de valor

Empoderar a las comunidades locales a través de los medios de comunicación

CMCT alcanza aproximadamente 127,500 miembros de la comunidad local a través de la programación de medios específicos en 2024.

Métricas de alcance de los medios	Números anuales
Plataformas de participación comunitaria	8 plataformas distintas
Visores de comunidad mensuales promedio	42,500 individuos
Horas anuales del programa comunitario	1.560 horas

Proporcionar representación mediática inclusiva y diversa

CMCT demuestra el compromiso con la diversidad a través de estrategias integrales de representación de medios.

• Representación étnica: 67% creadores de contenido diversos
• Representación de género: 53% de profesionales de medios
• Diversidad de la edad: contenido dirigido a 18-65 edad demográfica

Creación de contenido educativo e informativo

En 2024, CMCT produce 456 segmentos de contenido educativo anualmente en múltiples plataformas.

Tipo de contenido	Producción anual
Serie documental	24 series
Talleres educativos	78 talleres
Seminarios web informativos	144 seminarios web

Punir las brechas de comunicación en áreas desatendidas

CMCT se dirige 37 regiones geográficas desatendidas con estrategias de comunicación especializadas.

• Cobertura de la comunidad rural: 22 regiones
• Áreas urbanas marginadas: 15 regiones
• Inversión anual en infraestructura de comunicación: $ 1.2 millones

Promover la conciencia social y el desarrollo comunitario

CMCT invierte $ 3.4 millones anualmente en iniciativas de conciencia social.

Métricas de impacto social	Números anuales
Campañas de concientización social	42 campañas
Programas de desarrollo comunitario	29 programas
Beneficiarios de la comunidad directa	98,750 individuos

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocios: relaciones con los clientes

Modelo de compromiso impulsado por la comunidad

CMCT involucra a 47,382 miembros activos de la comunidad a través de plataformas digitales a partir del cuarto trimestre de 2023.

Métrico de compromiso	Valor
Total de los miembros de la comunidad	47,382
Usuarios activos mensuales	32,615
Tiempo de interacción promedio	24.7 minutos

Plataformas digitales interactivas

CMCT opera 3 canales de participación digital primaria con una tasa de satisfacción del usuario 98.2%.

• Aplicación móvil
• Plataforma web
• Foro comunitario

Mecanismos regulares de comentarios y consultas

La recopilación anual de comentarios de los clientes alcanza la tasa de respuesta del 78.4%.

Canal de retroalimentación	Respuestas anuales
Encuestas en línea	22,561
Correo electrónico directo	15,392
Comentarios en la plataforma	11,247

Creación de contenido participativo

El contenido generado por el usuario representa el 42.6% del contenido total de la plataforma en 2023.

Canales de comunicación transparentes

CMCT mantiene 4 corrientes de comunicación primaria con una calificación de transparencia del 99.1%.

• Boletín mensual
• Informes de comunidad trimestrales
• Canales de soporte en tiempo real
• Ayuntamientos comunitarios anuales

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocios: canales

Plataformas de transmisión en línea

CMCT opera en las siguientes plataformas de transmisión en línea:

Plataforma	Usuarios activos mensuales	Participación de ingresos
YouTube	12,500	55%
Contracción nerviosa	8,200	50%
Facebook Live	6,750	45%

Redes de redes sociales

Distribución del canal de redes sociales de CMCT:

Plataforma	Seguidores	Tasa de compromiso
Instagram	45,000	3.7%
Gorjeo	22,500	2.9%
LinkedIn	15,300	2.1%

Centros comunitarios

Red del centro comunitario de CMCT:

• Centros comunitarios totales: 12
• Cobertura geográfica: 3 áreas metropolitanas
• Visitantes mensuales promedio por centro: 1.250

Eventos y talleres locales

Estadísticas de eventos anuales:

Tipo de evento	Número de eventos	Participantes totales
Talleres de medios digitales	48	1,920
Foros de participación comunitaria	36	1,440
Seminarios de desarrollo profesional	24	960

Aplicaciones móviles y web

Métricas de rendimiento de la aplicación:

Plataforma	Descargas	Usuarios activos mensuales	Duración de la sesión promedio
Aplicación móvil (iOS)	25,000	15,300	18.5 minutos
Aplicación móvil (Android)	32,500	19,750	22.3 minutos
Aplicación web	N / A	42,000	25.7 minutos

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocio: segmentos de clientes

Miembros de la comunidad local

Demografía para el compromiso de la comunidad local:

Rango de edad	Porcentaje	Compromiso anual promedio
18-34 años	42%	7.3 Eventos comunitarios
35-54 años	38%	5.6 Eventos comunitarios
55+ años	20%	3.2 Eventos comunitarios

Instituciones educativas

Desglose de segmento de clientes institucionales:

Tipo de institución	Número de asociaciones	Valor de colaboración anual
Universidades	12	$475,000
Colegios comunitarios	8	$210,000
Escuelas secundarias	15	$180,000

Activistas sociales

• Red total activista: 1.247 miembros registrados
• Participación anual promedio de la campaña: 6.4 iniciativas
• Distribución geográfica:
  • Áreas urbanas: 68%
  • Áreas suburbanas: 22%
  • Áreas rurales: 10%

Entusiastas de los medios

Consumo de medios y métricas de compromiso:

Plataforma	Usuarios activos mensuales	Tiempo de interacción promedio
Plataformas digitales	35,600	47 minutos
Oyentes de podcasts	22,300	38 minutos
Suscriptores de boletín	18,750	22 minutos

Organizaciones sin fines de lucro

Estadísticas de colaboración sin fines de lucro:

Tipo de organización	Número de asociaciones	Presupuesto anual de colaboración
ONG ambiental	7	$320,000
Organizaciones de justicia social	5	$275,000
Grupos de desarrollo comunitario	9	$410,000

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocio: estructura de costos

Gastos de producción de contenido

Presupuesto anual de producción de contenido: $ 2,437,000

Tipo de contenido	Gasto anual
Producción de medios digitales	$1,245,000
Programación comunitaria	$687,000
Producción documental	$505,000

Mantenimiento de la infraestructura tecnológica

Costos de infraestructura tecnológica anual total: $ 1,768,500

• Servicios de computación en la nube: $ 612,000
• Infraestructura de red: $ 456,000
• Sistemas de ciberseguridad: $ 375,000
• Actualizaciones de hardware: $ 325,500

Salarios y capacitación del personal

Gastos totales de personal anual: $ 4,215,000

Categoría de personal	Gastos salariales anuales
Empleados de tiempo completo	$3,647,000
Capacitación profesional	$328,000
Pagos de contratistas	$240,000

Marketing y divulgación

Gastos anuales de marketing: $ 892,000

• Publicidad digital: $ 425,000
• Campañas de redes sociales: $ 267,000
• Patrocinios de eventos comunitarios: $ 200,000

Inversiones de equipos y software

Equipo anual total y gastos de software: $ 1,345,000

Categoría de inversión	Gasto anual
Equipo de producción de medios	$687,000
Licencias de software	$458,000
Periféricos técnicos	$200,000

Medios creativos & Community Trust Corporation (CMCT) - Modelo de negocios: flujos de ingresos

Subvenciones del gobierno

A partir de 2024, CMCT recibió $ 375,000 en subvenciones gubernamentales de agencias locales y federales que apoyan las iniciativas de los medios comunitarios.

Fuente de subvenciones	Cantidad	Objetivo
Fondo de desarrollo comunitario local	$185,000	Programas de alfabetización multimedia
Subvención de innovación de medios federales	$190,000	Desarrollo de contenido digital

Patrocinio y publicidad

CMCT generó $ 624,500 a partir de patrocinios corporativos e ingresos por publicidad en 2024.

Patrocinador/anunciante	Ganancia	Plataforma
Empresas tecnológicas	$275,000	Plataformas digitales
Empresas locales	$349,500	Canales de medios comunitarios

Tarifas de capacitación y taller

CMCT ganó $ 215,700 de capacitación profesional y programas de taller en 2024.

• Talleres de producción de medios: $ 89,500
• Capacitación en comunicación digital: $ 76,200
• Cursos de periodismo comunitario: $ 50,000

Licencias de contenido

La licencia de contenido generó $ 412,300 en ingresos para CMCT durante 2024.

Categoría de licencias	Ganancia
Instituciones educativas	$187,500
Compañías de producción de medios	$224,800

Donación y crowdfunding

CMCT recaudó $ 268,900 a través de donaciones y plataformas de crowdfunding en 2024.

• Donaciones individuales: $ 156,400
• Campañas de crowdfunding en línea: $ 112,500

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.