Creative Media & Community Trust Corp
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
CMCT$4.40+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Investments in real estate, net | $704,762 | $502,006 |
| Investments in unconsolidated entities | 33,505 | 12,381 |
| Cash and cash equivalents | 19,290 | 46,190 |
| Restricted cash | 24,938 | 11,290 |
| Loans receivable, net (Note 5) | 57,005 | 62,547 |
| Accounts receivable, net | 5,347 | 3,780 |
| Deferred rent receivable and charges, net | 28,222 | 37,543 |
| Other intangible assets, net | 3,948 | 4,461 |
| Other assets | 14,183 | 10,050 |
| TOTAL ASSETS | $891,200 | $690,248 |
| LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY | ||
| LIABILITIES: | ||
| Debt, net | $471,561 | $184,267 |
| Accounts payable and accrued expenses | 26,426 | 107,220 |
| Intangible liabilities, net | — | 20 |
| Due to related parties | 3,463 | 3,155 |
| Other liabilities | 12,981 | 17,856 |
| Total liabilities | 514,431 | 312,518 |
| COMMITMENTS AND CONTINGENCIES (Note 15) | ||
| REDEEMABLE PREFERRED STOCK: Series A cumulative redeemable preferred stock, $0.001 par value; 34,611,501 and 35,438,752 shares authorized as of December 31, 2023 and December 31, 2022, respectively; no shares issued and outstanding as of December 31, 2023 and 693,741 shares issued and outstanding as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment | — | 15,697 |
| EQUITY: | ||
| Series A cumulative redeemable preferred stock, $0.001 par value; 34,611,501 and 35,438,752 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 8,820,338 and 7,431,839 shares issued and outstanding, respectively, as of December 31, 2023 and 8,126,597 and 7,565,349 shares issued and outstanding, respectively, as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment | 185,704 | 189,048 |
| Series A1 cumulative redeemable preferred stock, $0.001 par value; 27,904,974 and 27,990,070 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 10,473,369 and 10,378,343 shares issued and outstanding, respectively, as of December 31, 2023 and 5,966,077 and 5,956,147 shares issued and outstanding, respectively, as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment | 256,935 | 147,514 |
| Series D cumulative redeemable preferred stock, $0.001 par value; 26,991,590 and 26,992,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 56,857 and 48,447 shares issued and outstanding, respectively, as of December 31, 2023 and 56,857 and 48,857 shares issued and outstanding as of December 31, 2022; liquidation preference of $25.00 per share, subject to adjustment | 1,190 | 1,200 |
| Common stock, $0.001 par value; 900,000,000 shares authorized; 22,786,741 and 22,737,853 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively | 23 | 23 |
| Additional paid-in capital | 852,476 | 861,721 |
| Distributions in excess of earnings | (921,925) | (837,846) |
| Total stockholders’ equity | 374,403 | 361,660 |
| Noncontrolling interests | 2,366 | 373 |
| Total equity | 376,769 | 362,033 |
| TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY | $891,200 | $690,248 |
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