Creative Media & Community Trust: Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Wednesday reported a loss in a key measure in its first quarter.
The real estate investment trust, based in Dallas, said it had a funds from operations loss of $4.4 million, or 19 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $12.3 million, or 54 cents per share.
The real estate investment trust, based in Dallas, posted revenue of $34 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCT at https://www.zacks.com/ap/CMCT