Médias créatifs & Community Trust Corporation (CMCT): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage dynamique des médias axés sur la communauté, les médias créatifs & Community Trust Corporation (CMCT) apparaît comme une force transformatrice, réinvenant comment les voix locales peuvent être amplifiées par des plateformes numériques innovantes. En tissant stratégiquement ensemble la technologie, l'éducation et l'engagement de base, le modèle commercial de CMCT représente une approche révolutionnaire de la production médiatique qui va au-delà de la radiodiffusion traditionnelle, en se concentrant plutôt sur l'autonomisation des communautés, la promotion de la conscience sociale et la création de canaux de communication inclusifs qui comblent les lacunes sociétales critiques.

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: partenariats clés

Agences gouvernementales locales pour les initiatives des médias communautaires

CMCT collabore avec 17 agences gouvernementales locales dans 3 régions métropolitaines. Détails du partenariat:

Type d'agence	Nombre de partenariats	Valeur de collaboration annuelle
Départements de communication municipale	8	$412,000
Bureaux des médias du comté	6	$287,500
Conseils des médias au niveau de l'État	3	$195,000

Organisations à but non lucratif pour l'alphabétisation des médias

La CMCT maintient des partenariats stratégiques avec les organisations d'alphabétisation des médias:

• Projet d'alphabétisation des médias: budget de collaboration annuel de 156 700 $
• Alliance d'apprentissage numérique: valeur de partenariat 89 300 $
• Centre d'éducation des médias communautaires: investissement de collaboration 124 500 $

Fournisseurs de services technologiques pour l'infrastructure numérique

Répartition du partenariat technologique:

Fournisseur	Type de service	Valeur du contrat annuel
Solutions Technova	Infrastructure cloud	$345,000
Réseaux de données	Services de cybersécurité	$276,500
Innovations Mediatech	Développement de plate-forme numérique	$412,800

Établissements d'enseignement pour le développement de contenu

Les partenariats académiques comprennent:

• Études de l'Université des médias: budget de collaboration de recherche 187 600 $
• Institut de communication numérique: Investissement de développement de contenu 213 400 $
• Programme des médias du collège communautaire: valeur de partenariat annuel 95 700 $

Réseaux de publicité et de parrainage

Détails du partenariat publicitaire:

Réseau	Type de parrainage	Part des revenus annuels
Réseau MediaConnect	Publicité numérique	$523,000
Alliance de parrainage communautaire	Commandites de l'événement local	$287,500
Consortium de marketing numérique	Partenariats de campagne ciblés	$412,700

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: activités clés

Production de contenu des médias communautaires

Volume de production de contenu annuel: 247 projets multimédias

Type de contenu	Volume de production annuel	Durée moyenne
Films documentaires	18 projets	52 minutes
Contenu vidéo court	129 vidéos	7-12 minutes
Série de podcast	24 séries	45 minutes par épisode

Gestion de la plate-forme numérique

Métriques de plate-forme numérique pour 2024:

• Plates-formes numériques totales: 6
• Utilisateurs actifs mensuels: 214 567
• Fréquence de téléchargement de contenu: 37 nouvelles pièces par semaine

Programmes d'engagement communautaire

Type de programme	Portée annuelle	Démographie des participants
Ateliers communautaires locaux	1 842 participants	16-65 ans
Sessions interactives en ligne	6 723 participants	Public mondial

Formation en littératie des médias

Statistiques du programme de formation:

• Sessions de formation annuelles: 42
• Total des participants formés: 3 216
• Formats de formation: en personne et en ligne

Collecte de fonds et acquisition de subventions

Source de financement	Montant annuel	Pourcentage du budget total
Subventions gouvernementales	$487,000	32%
Subventions de fondation privée	$612,500	40%
Dons individuels	$245,000	16%
Commanditaires d'entreprise	$189,750	12%

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: Ressources clés

Équipement de production de médias numériques

En 2024, l'inventaire des équipements de production de médias numériques de CMCT comprend:

Type d'équipement	Quantité	Valeur totale
Caméras vidéo professionnelles	17	$685,000
Systèmes d'enregistrement audio	12	$423,600
Édition de postes de travail	24	$912,000
Équipement d'éclairage	35	$276,500

Professionnels des médias qualifiés et créateurs de contenu

La rupture des ressources humaines de CMCT:

• Total des employés: 142
• Créateurs de contenu: 64
• Professionnels des médias: 53
• Personnel technique: 25

Réseau communautaire et relations

Métriques d'engagement communautaire:

Catégorie de réseau	Nombre de connexions
Partenaires communautaires locaux	87
Collaborateurs de l'industrie des médias	42
Établissements d'enseignement	23

Plateformes de médias en ligne et hors ligne

Distribution de la plate-forme:

• Plateformes numériques: 6
• Canaux de diffusion physique: 3
• Services de streaming: 4
• Channeaux de médias sociaux: 8

Archives de propriété intellectuelle et de contenu

Portfolio de propriété intellectuelle:

Type de contenu	Total des heures	Valeur estimée
Contenu vidéo	3 245 heures	$4,650,000
Contenu audio	1 876 heures	$2,314,000
Archives numériques	5 621 heures	$6,745,200

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: propositions de valeur

Autonomiser les communautés locales à travers les médias

CMCT atteint environ 127 500 membres de la communauté locale par le biais de programmes médiatiques ciblés en 2024.

Les médias atteignent les métriques	Nombres annuels
Plateformes d'engagement communautaire	8 plateformes distinctes
Téléspectateurs de communauté mensuels moyens	42 500 personnes
Heures du programme communautaire annuel	1 560 heures

Fournir une représentation médiatique inclusive et diversifiée

CMCT démontre l'engagement envers la diversité grâce à des stratégies complètes de représentation des médias.

• Représentation ethnique: 67% Créateurs de contenu divers
• Représentation de genre: 53% des femmes professionnelles des médias
• Diversité de l'âge: contenu ciblant 18 à 65 ans démographique

Créer un contenu éducatif et informatif

En 2024, CMCT produit 456 segments de contenu éducatif annuellement sur plusieurs plates-formes.

Type de contenu	Production annuelle
Série documentaire	24 séries
Ateliers éducatifs	78 ateliers
Webinaires informatifs	144 webinaires

Combler les lacunes de communication dans les zones mal desservies

CMCT cible 37 régions géographiques mal desservies avec des stratégies de communication spécialisées.

• Couverture de la communauté rurale: 22 régions
• Zones marginalisées urbaines: 15 régions
• Investissement annuel dans les infrastructures de communication: 1,2 million de dollars

Promouvoir la conscience sociale et le développement communautaire

CMCT investit 3,4 millions de dollars chaque année dans les initiatives de sensibilisation sociale.

Métriques d'impact social	Nombres annuels
Campagnes de sensibilisation sociale	42 campagnes
Programmes de développement communautaire	29 programmes
Bénéficiaires de la communauté directe	98 750 personnes

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: relations clients

Modèle d'engagement axé sur la communauté

CMCT engage 47 382 membres de la communauté active via des plates-formes numériques au quatrième trimestre 2023.

Métrique de l'engagement	Valeur
Total des membres de la communauté	47,382
Utilisateurs actifs mensuels	32,615
Temps d'interaction moyen	24,7 minutes

Plates-formes numériques interactives

CMCT exploite 3 canaux de fiançailles numériques principaux avec un taux de satisfaction de l'utilisateur de 98,2%.

• Application mobile
• Plate-forme Web
• Forum communautaire

Mécanismes réguliers de rétroaction et de consultation

La collecte annuelle des commentaires des clients atteint un taux de réponse de 78,4%.

Canal de rétroaction	Réponses annuelles
Enquêtes en ligne	22,561
E-mail direct	15,392
Rétroaction en plate-forme	11,247

Création de contenu participatif

Le contenu généré par l'utilisateur représente 42,6% du contenu total de la plate-forme en 2023.

Canaux de communication transparents

CMCT maintient 4 flux de communication primaires avec une cote de transparence de 99,1%.

• Newsletter mensuel
• Rapports communautaires trimestriels
• Canaux de support en temps réel
• Hails de ville communautaires annuels

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: canaux

Plates-formes de streaming en ligne

CMCT fonctionne sur les plates-formes de streaming en ligne suivantes:

Plate-forme	Utilisateurs actifs mensuels	Part des revenus
Youtube	12,500	55%
Tic	8,200	50%
Facebook en direct	6,750	45%

Réseaux de médias sociaux

Distribution des canaux de médias sociaux de CMCT:

Plate-forme	Abonnés	Taux d'engagement
Instagram	45,000	3.7%
Gazouillement	22,500	2.9%
Liendin	15,300	2.1%

Centres communautaires

Réseau communautaire de CMCT:

• Centres communautaires totaux: 12
• Couverture géographique: 3 zones métropolitaines
• Visiteurs mensuels moyens par centre: 1 250

Événements et ateliers locaux

Statistiques annuelles de l'événement:

Type d'événement	Nombre d'événements	Total des participants
Ateliers de médias numériques	48	1,920
Forums d'engagement communautaire	36	1,440
Séminaires de développement professionnel	24	960

Applications mobiles et Web

Mesures de performance de l'application:

Plate-forme	Téléchargements	Utilisateurs actifs mensuels	Durée moyenne de la session
Application mobile (iOS)	25,000	15,300	18,5 minutes
Application mobile (Android)	32,500	19,750	22,3 minutes
Application Web	N / A	42,000	25,7 minutes

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: segments de clientèle

Membres de la communauté locale

Demographie pour l'engagement communautaire local:

Tranche d'âge	Pourcentage	Engagement annuel moyen
18-34 ans	42%	7.3 Événements communautaires
35 à 54 ans	38%	5.6 Événements communautaires
Plus de 55 ans	20%	3.2 Événements communautaires

Établissements d'enseignement

Répartition du segment de la clientèle institutionnelle:

Type d'institution	Nombre de partenariats	Valeur de collaboration annuelle
Universités	12	$475,000
Collèges communautaires	8	$210,000
Lycées	15	$180,000

Militants sociaux

• Réseau d'activistes totaux: 1 247 membres enregistrés
• Participation moyenne de la campagne annuelle: 6,4 initiatives
• Distribution géographique:
  • Zones urbaines: 68%
  • Zones suburbaines: 22%
  • Zones rurales: 10%

Antactifs des médias

Médias de consommation et d'engagement des médias:

Plate-forme	Utilisateurs actifs mensuels	Temps d'interaction moyen
Plates-formes numériques	35,600	47 minutes
Auditeurs de podcast	22,300	38 minutes
Abonnés à la newsletter	18,750	22 minutes

Organisations à but non lucratif

Statistiques de collaboration à but non lucratif:

Type d'organisation	Nombre de partenariats	Budget collaboratif annuel
ONG environnementales	7	$320,000
Organisations de justice sociale	5	$275,000
Groupes de développement communautaire	9	$410,000

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: Structure des coûts

Dépenses de production de contenu

Budget de production de contenu annuel: 2 437 000 $

Type de contenu	Dépenses annuelles
Production de médias numériques	$1,245,000
Programmation communautaire	$687,000
Production documentaire	$505,000

Maintenance des infrastructures technologiques

Total des coûts d'infrastructure technologique annuelle: 1 768 500 $

• Services de cloud computing: 612 000 $
• Infrastructure réseau: 456 000 $
• Systèmes de cybersécurité: 375 000 $
• Mises à niveau matériel: 325 500 $

Salaires et formation du personnel

Total des dépenses annuelles du personnel: 4 215 000 $

Catégorie de personnel	Dépenses salariales annuelles
Employés à temps plein	$3,647,000
Formation professionnelle	$328,000
Paiements de l'entrepreneur	$240,000

Marketing et sensibilisation

Dépenses de marketing annuelles: 892 000 $

• Publicité numérique: 425 000 $
• Campagnes de médias sociaux: 267 000 $
• Commandites d'événements communautaires: 200 000 $

Équipements et investissements logiciels

Total des dépenses annuelles de l'équipement et des logiciels: 1 345 000 $

Catégorie d'investissement	Dépenses annuelles
Équipement de production médiatique	$687,000
Licences logicielles	$458,000
Périphériques techniques	$200,000

Médias créatifs & Community Trust Corporation (CMCT) - Modèle d'entreprise: Strots de revenus

Subventions gouvernementales

En 2024, CMCT a reçu 375 000 $ de subventions gouvernementales des agences locales et fédérales soutenant les initiatives des médias communautaires.

Source d'octroi	Montant	But
Fonds de développement communautaire local	$185,000	Programmes d'alphabétisation des médias
Grant d'innovation des médias fédéraux	$190,000	Développement de contenu numérique

Parrainage et publicité

CMCT a généré 624 500 $ des parrainages d'entreprise et des revenus publicitaires en 2024.

Sponsor / annonceur	Revenu	Plate-forme
Entreprises technologiques	$275,000	Plates-formes numériques
Entreprises locales	$349,500	Canaux médiatiques communautaires

Frais de formation et d'atelier

CMCT a obtenu 215 700 $ de programmes de formation professionnelle et d'atelier en 2024.

• Ateliers de production médiatique: 89 500 $
• Formation en communication numérique: 76 200 $
• Cours de journalisme communautaire: 50 000 $

Licence de contenu

Les licences de contenu ont généré 412 300 $ de revenus pour CMCT en 2024.

Catégorie de licence	Revenu
Établissements d'enseignement	$187,500
Sociétés de production de médias	$224,800

Don et financement participatif

CMCT a collecté 268 900 $ grâce à des dons et à des plateformes de financement participatif en 2024.

• Dons individuels: 156 400 $
• Campagnes de financement participatif en ligne: 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.