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
- Creative Media & Community Trust Corporation Common stock has issued 48 dividend payments over the past 10 years
- The most recent dividend was paid 505 days ago, on July 22, 2024
- The highest dividend payed out to investors during this period was $14.00 per share
- The average dividend paid during this period was $0.57 per share.
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?
