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Creative Media & Community Trust: Q4 Earnings Snapshot

DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Monday reported a loss in a key measure in its fourth quarter.

The Dallas-based real estate investment trust said it had a funds from operations loss of $5.9 million, or $3.74 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 $17.7 million, or $11.20 per share.

The real estate investment trust, based in Dallas, posted revenue of $28.5 million in the period.

For the year, the company reported funds from operations of $31.5 million. Revenue was reported as $116.7 million.

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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

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updated by pwenzel 3:13pm
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