Creative Media & Community Trust Corporation Common stock
CMCTCreative Media & Community Trust Corporation (CMCT) is a real estate investment trust (REIT) that primarily focuses on acquiring, developing, and managing media, telecommunications, and community-serving properties. The company invests in a diversified portfolio of properties such as data centers, wireless communications facilities, and community centers, emphasizing properties that support digital infrastructure and community needs. CMCT aims to generate income and capital appreciation through its specialized real estate investments.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| July 22, 2024 | $0.09 | 2024-07-08 | 2024-07-08 |
| April 22, 2024 | $0.09 | 2024-04-05 | 2024-04-08 |
| January 16, 2024 | $0.09 | 2023-12-29 | 2024-01-02 |
| October 23, 2023 | $0.09 | 2023-10-05 | 2023-10-09 |
| July 24, 2023 | $0.09 | 2023-07-07 | 2023-07-10 |
Dividends Summary
- Consistent Payer: Creative Media & Community Trust Corporation Common stock has rewarded shareholders with 48 dividend payments over the past 10 years.
- Total Returned Value: Investors who held CMCT shares during this period received a total of $27.50 per share in dividend income.
- Latest Payout: The most recent dividend of $0.09/share was paid 726 days ago, on July 22, 2024.
- Yield & Schedule: CMCT currently pays dividends quarterly with an annual yield of 12.78%.
- Dividend Growth: Since 2014, the dividend payout has decreased by 10.5%, from $0.10 to $0.09.
- Dividend Reliability: CMCT has maintained or increased its dividend for 20 consecutive payments.
Company News
Creative Media & Community Trust announced the sale of its lending business for $44 million, aims to improve liquidity, and is focusing on growing its multifamily portfolio while experiencing challenges in office and hotel segments.
Creative Media & Community Trust Corp announced the sale of its lending division to PG FR Holding, LLC for approximately $44 million, expecting net cash proceeds of around $31 million. The transaction supports the company's strategic priorities and will result in leadership changes.
Creative Media & Community Trust (CMCT) delivered FFO and revenue surprises of -117.65% and 2.42%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
Clipper Realty Inc. (CLPR) delivered FFO and revenue surprises of -6.25% and 8%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
Whitestone (WSR) delivered FFO and revenue surprises of -12.50% and 0.40%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?
