Announcement • Jun 24
Creative Media & Community Trust Corporation, Annual General Meeting, Jul 30, 2026 Creative Media & Community Trust Corporation, Annual General Meeting, Jul 30, 2026. Announcement • May 07
Creative Media & Community Trust Corporation to Report Q1, 2026 Results on May 08, 2026 Creative Media & Community Trust Corporation announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 08, 2026 Announcement • Mar 05
Creative Media & Community Trust Corporation to Report Q4, 2025 Results on Mar 09, 2026 Creative Media & Community Trust Corporation announced that they will report Q4, 2025 results Pre-Market on Mar 09, 2026 Announcement • Dec 03
Creative Media and Community Trust Corporation Announces Completion of 1915 Park, 36-Unit Apartment Building in Echo Park Neighborhood of Los Angeles Creative Media and Community Trust Corporation announced that it has completed development of 1915 Park Ave., a 36-unit modern apartment community located in Echo Park, one of the most desirable neighborhoods in Los Angeles. The six-story building was constructed on a former surface parking lot of 1910 W. Sunset, an adjacent office tower. Both assets are owned by a joint venture consisting of CMCT and an international pension fund. 1915 Park provides studio, one- and two-bedroom floorplans designed with contemporary fixtures and finishes that are most in demand in today's rental market. Residents can enjoy the rooftop deck for gathering and lounging whileazing at the exceptional city views. The building provides on-site underground parking along with bicycle parking. The property is conveniently located steps from a Metro Line bus stop on Sunset Boulevard, a major regional thoroughfare, and benefits from excellent access to a network of major freeways including the Hollywood (101), Pasadena (110), Glendale (2), and Golden State (5). Announcement • Nov 10
Creative Media & Community Trust Corporation to Report Q3, 2025 Results on Nov 14, 2025 Creative Media & Community Trust Corporation announced that they will report Q3, 2025 results Pre-Market on Nov 14, 2025 Announcement • Aug 08
Creative Media & Community Trust Corporation to Report Q2, 2025 Results on Aug 13, 2025 Creative Media & Community Trust Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 13, 2025 Announcement • Jun 16
Creative Media & Community Trust Corporation, Annual General Meeting, Aug 01, 2025 Creative Media & Community Trust Corporation, Annual General Meeting, Aug 01, 2025. Announcement • May 07
Creative Media & Community Trust Corporation to Report Q1, 2025 Results on May 09, 2025 Creative Media & Community Trust Corporation announced that they will report Q1, 2025 results Pre-Market on May 09, 2025 Announcement • Apr 18
Creative Media & Community Trust Receives Approval to Transfer the Listing from the Nasdaq Global Market to the Nasdaq Capital Market On April 14, 2025, Creative Media & Community Trust Corporation received approval from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’), to transfer the listing of the Company’s common stock, $0.001 par value per share (the ‘Common Stock’), from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer of listing will be effective as of April 17, 2025. The Common Stock will continue to trade under the symbol ‘CMCT’. The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as the Nasdaq Global Market. All companies whose securities are listed on the Nasdaq Capital Market must meet certain financial requirements and adhere to Nasdaq’s corporate governance standards. Announcement • Mar 04
Creative Media & Community Trust Corporation to Report Q4, 2024 Results on Mar 07, 2025 Creative Media & Community Trust Corporation announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Mar 07, 2025 Announcement • Nov 11
Creative Media & Community Trust Receives Non-Compliance Notice from Nasdaq Regarding Minimum Bid Price Requirement On November 7, 2024, Creative Media & Community Trust Corporation (the "Company") received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that, because the closing bid price for the Company's common stock, $0.001 par value per share (the "Common Stock") has fallen below $1.00 per share for 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on the Nasdaq Global Market under Rule 5450(a)(1) of Nasdaq Listing Rules. Nasdaq's notice has no immediate effect on the listing of the Common Stock on the Nasdaq Global Market. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until May 6, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days prior to May 6, 2025. If the Company does not regain compliance by May 6, 2025, the Company may be eligible for an additional grace period. To qualify, the Company would be required to meet the continued listing requirements for market value of publicly held shares and all other initial listing standards for the Nasdaq Global Market, with the exception of the bid price requirement, and to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company meets these requirements, the Nasdaq staff will grant an additional 180 calendar days for the Company to regain compliance with the bid price requirement. As part of its review process, the Nasdaq staff will make a determination of whether it believes the Company will be able to cure this deficiency. Should the Nasdaq staff conclude that the Company will not be able to cure the deficiency, or should the Company determine not to submit a transfer application or make the required representation, the Nasdaq staff will provide notice that the Common Stock will be subject to delisting. The Company intends to actively monitor the bid price of the Common Stock and will consider available options to regain compliance with Nasdaq's listing requirements. Announcement • Nov 07
Creative Media & Community Trust Corporation to Report Q3, 2024 Results on Nov 08, 2024 Creative Media & Community Trust Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024 Announcement • Sep 19
Creative Media & Community Trust Corporation Completes Office to Residential Conversion Bringing 68 Luxury Apartments Above Existing Ground Floor Office Space to Los Angeles Creative Media & Community Trust Corporation announced that it has completed the conversion of the top two floors of a three-story, approximately 143,000-square-foot office building, at 4750 Wilshire Blvd., into 68 luxury apartment residences in the prominent Brookside neighborhood within the Park Mile Specific Plan of Los Angeles. Leasing at the property has commenced. Retaining approximately 30,000 square feet of ground floor creative office space, which is 100% leased as-of September 2024, creates a stacked mixed-use office and residential environment. The office space will maintain the address of 4750 Wilshire Blvd. while the apartments will have the address of 701 S. Hudson Ave. The beautifully appointed and spacious apartments at 701 Hudson are configured as studio, one- and two-bedroom floor plans with many residences offering a den that can function as a home office or additional living space. With 10-foot ceilings and a substantial window line, the residences offer plentiful natural light and an inviting open environment. Designed in a contemporary style, the residences are fitted with modern fixtures and finishes such as stone counters, wood flooring, sleek cabinetry and in-unit washer and dryer. Residents can enjoy an array of premier on-site amenities including a resort-style pool, landscaped courtyard with outdoor picnic and casual seating areas, a resident lounge with movie room and game tables, children's playroom, fitness and yoga rooms, and a co-working space complete with both communal worktables and enclosed offices. The apartments and office space are just one mile from the La Brea station of the D Line subway, currently under construction, which will connect downtown to the westside. The Mid-Wilshire property is centrally located to area business hubs including Downtown Los Angeles, Century City, Beverly Hills and Hollywood. Further, the property is convenient to popular retail and dining districts such as Koreatown, Larchmont Village, the La Brea corridor and The Grove. CMCT's conversion of 4750 Wilshire aligns with its strategy to invest in premier apartments and creative office space in high barrier to entry markets. As part of CMCT's asset-light development approach, the company makes property-level equity investments alongside co-investors. Kanden Realty & Development, Taisei Corporation and a third institutional investor are co-investors in 4750 Wilshire. Announcement • Aug 07
Creative Media & Community Trust Corporation to Report Q2, 2024 Results on Aug 08, 2024 Creative Media & Community Trust Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 Announcement • Jun 26
Creative Media & Community Trust Corporation Declares Quarterly Cash Dividend, Payable on July 22, 2024 Creative Media & Community Trust Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on July 22, 2024 to stockholders of record at the close of business on July 8, 2024. Announcement • Jun 24
Creative Media & Community Trust Corporation, Annual General Meeting, Aug 01, 2024 Creative Media & Community Trust Corporation, Annual General Meeting, Aug 01, 2024. Reported Earnings • May 17
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.16 loss per share (improved from US$0.56 loss in 1Q 2023). Revenue: US$34.0m (up 14% from 1Q 2023). Net loss: US$3.73m (loss narrowed 71% from 1Q 2023). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • May 16
Creative Media & Community Trust Corporation to Report Q1, 2024 Results on May 15, 2024 Creative Media & Community Trust Corporation announced that they will report Q1, 2024 results After-Market on May 15, 2024 Announcement • Apr 17
Daniel M. Negari Provides Information to Shareholders of Creative Media & Community Trust On April 15, 2024, Daniel Moshe Negari made an announced that as of April 4, 2024, effective upon the Distribution, he has ceased to collectively beneficially own over 5% of Creative Media & Community Trust Corporation’s shares. As a result, the campaign is considered to have been withdrawn. Reported Earnings • Mar 31
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: US$1.16 FFO loss per share (further deteriorated from US$0.23 loss in FY 2022). Revenue: US$118.8m (up 16% from FY 2022). Funds from operations (FFO) loss: US$26.4m (loss widened 386% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Office REITs industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Declared Dividend • Mar 31
Fourth quarter dividend of US$0.085 announced Dividend of US$0.085 is the same as last year. Ex-date: 5th April 2024 Payment date: 22nd April 2024 Dividend yield will be 8.0%, which is higher than the industry average of 5.5%. Announcement • Mar 28
Creative Media & Community Trust Corporation Declares Quarterly Cash Dividend, Payable on April 22, 2024 Creative Media & Community Trust Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on April 22, 2024 to stockholders of record at the close of business on April 8, 2024. Announcement • Mar 27
Creative Media & Community Trust Corporation to Report Q4, 2023 Results on Mar 27, 2024 Creative Media & Community Trust Corporation announced that they will report Q4, 2023 results After-Market on Mar 27, 2024 Announcement • Dec 21
Creative Media & Community Trust Corporation Declares Quarterly Cash Dividend, Payable on January 16, 2024 Creative Media & Community Trust Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on January 16, 2024 to stockholders of record at the close of business on January 2, 2024. Reported Earnings • Nov 17
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$1.01 loss per share (further deteriorated from US$0.51 loss in 3Q 2022). Revenue: US$28.1m (up 14% from 3Q 2022). Net loss: US$22.9m (loss widened 96% from 3Q 2022). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Nov 14
Creative Media & Community Trust Corporation to Report Q3, 2023 Results on Nov 14, 2023 Creative Media & Community Trust Corporation announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 Announcement • Sep 28
Creative Media & Community Trust Corporation Declares Quarterly Cash Dividend, Payable on October 23, 2023 Creative Media & Community Trust Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on October 23, 2023 to stockholders of record at the close of business on October 9, 2023. New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings have declined by 58% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Earnings have declined by 58% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (US$97.8m market cap). Reported Earnings • Aug 11
First quarter 2023 earnings released: US$0.21 FFO loss per share (vs US$0.10 profit in 1Q 2022) First quarter 2023 results: US$0.21 FFO loss per share (down from US$0.10 profit in 1Q 2022). Revenue: US$29.7m (up 19% from 1Q 2022). Funds from operations (FFO) loss: US$4.79m (down 319% from profit in 1Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Aug 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (US$99.4m market cap). Announcement • Aug 05
Creative Media & Community Trust Corporation to Report Q2, 2023 Results on Aug 10, 2023 Creative Media & Community Trust Corporation announced that they will report Q2, 2023 results on Aug 10, 2023 Price Target Changed • Aug 03
Price target increased by 19% to US$9.50 Up from US$8.00, the current price target is an average from 2 analysts. New target price is 111% above last closing price of US$4.50. The company is forecast to post a net loss per share of US$1.65 next year compared to a net loss per share of US$1.11 last year. Announcement • Jun 28
Creative Media & Community Trust Corporation Declares Quarterly Common Stock Dividend, Payable on July 24, 2023 Creative Media & Community Trust Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid on July 24, 2023 to stockholders of record at the close of business on July 10, 2023. Announcement • Jun 22
Creative Media & Community Trust Corporation, Annual General Meeting, Jul 27, 2023 Creative Media & Community Trust Corporation, Annual General Meeting, Jul 27, 2023, at 10:00 Pacific Standard Time. Agenda: To consider the election of the seven directors nominated in the proxy statement to serve until the next annual meeting of stockholders of the company, and until their successors are duly elected and qualify; to consider the approval, by a non-binding advisory vote, of an advisory resolution on the company’s executive compensation as described in the accompanying proxy statement; to consider the approval, by a non-binding advisory vote, of the frequency of future advisory votes on executive compensation; and to consider other matters. Major Estimate Revision • Apr 21
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$0.56 to -US$0.63 per share. Revenue forecast unchanged at US$106.2m. Office REITs industry in the US expected to see average net income decline 49% next year. Consensus price target up from US$8.00 to US$8.67. Share price rose 9.5% to US$4.63 over the past week. Recent Insider Transactions • Apr 19
Insider recently bought US$713k worth of stock On the 14th of April, Daniel Negari bought around 156k shares on-market at roughly US$4.56 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$704k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 02
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: US$0.02 (up from US$1.04 loss in FY 2021). Revenue: US$101.9m (up 12% from FY 2021). Net income: US$467.0k (up US$20.4m from FY 2021). Profit margin: 0.5% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 01
Price target decreased by 17% to US$8.00 Down from US$9.67, the current price target is an average from 3 analysts. New target price is 97% above last closing price of US$4.07. Stock is down 48% over the past year. Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Elaine Wong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 04
Creative Media & Community Trust Corporation (NasdaqGM:CMCT) agreed to acquire 75-unit Parkview Apartments. Creative Media & Community Trust Corporation (NasdaqGM:CMCT) agreed to acquire 75-unit Parkview Apartments on February 3, 2023. The transaction is expected to close in mid-February. Price Target Changed • Jan 13
Price target decreased to US$9.00 Down from US$10.00, the current price target is an average from 3 analysts. New target price is 73% above last closing price of US$5.20. Stock is down 31% over the past year. The company is forecast to post a net loss per share of US$0.88 next year compared to a net loss per share of US$1.04 last year. Board Change • Nov 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Elaine Wong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.48 to -US$0.88 per share. Revenue forecast unchanged at US$101.9m. REITs industry in the US expected to see average net income decline 6.4% next year. Consensus price target down from US$10.00 to US$9.67. Share price fell 2.5% to US$6.20 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.50 loss per share (further deteriorated from US$0.14 loss in 3Q 2021). Revenue: US$24.9m (up 2.5% from 3Q 2021). Net loss: US$11.7m (loss widened 263% from 3Q 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: FFO per share: US$0.1 (up from US$0.058 in 2Q 2021). Revenue: US$26.7m (up 18% from 2Q 2021). Funds from operations (FFO): US$2.63m (up 206% from 2Q 2021). FFO margin: 9.8% (up from 3.8% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 5.6%, compared to a 7.8% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • May 13
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: FFO: US$24.9m per share (up from US$0.21 loss in 1Q 2021). Revenue: US$24.9m (up 32% from 1Q 2021). Funds from operations (FFO): US$2.19m (up US$5.36m from 1Q 2021). FFO margin: 8.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 8.4%, compared to a 9.3% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Independent Director Marcie Edwards was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: FFO: US$90.9m per share (up from US$0.82 loss in FY 2020). Revenue: US$90.9m (up 18% from FY 2020). Funds from operations (FFO): US$133.0k (up US$12.2m from FY 2020). FFO margin: 0.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the reits industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 12
Third quarter 2021 earnings released: US$0.14 loss per share (vs US$0.65 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$24.2m (up 40% from 3Q 2020). Net loss: US$3.22m (loss narrowed 67% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 12
Second quarter 2021 earnings released: FFO US$0.058 per share (vs US$0.20 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$22.7m (up 37% from 2Q 2020). Funds from operations (FFO): US$859.0k (up US$3.80m from 2Q 2020). FFO margin: 3.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
First quarter 2021 earnings released: US$0.55 loss per share (vs US$0.47 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$18.9m (down 26% from 1Q 2020). Net loss: US$8.21m (loss widened 21% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 38% per year. Reported Earnings • Mar 19
Full year 2020 earnings released: US$0.82 FFO loss per share (vs US$0.96 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$77.2m (down 45% from FY 2019). Funds from operations (FFO) loss: US$12.1m (loss narrowed 14% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 34% per year. Is New 90 Day High Low • Jan 23
New 90-day high: US$16.21 The company is up 104% from its price of US$7.94 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: US$14.54 The company is up 67% from its price of US$8.72 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is flat over the same period. Is New 90 Day High Low • Dec 19
New 90-day high: US$12.25 The company is up 18% from its price of US$10.34 on 18 September 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: US$12.17 The company is up 19% from its price of US$10.26 on 01 September 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 3.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 12%, compared to a 2.8% growth forecast for the REITs industry in the US. Reported Earnings • Nov 11
Third quarter 2020 earnings released: US$0.65 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$17.3m (down 41% from 3Q 2019). Net loss: US$9.68m (loss widened 497% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 29
New 90-day low: US$7.85 The company is down 24% from its price of US$10.37 on 30 July 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: US$8.97 The company is down 26% from its price of US$12.15 on 10 July 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: US$9.26 The company is down 2.0% from its price of US$9.42 on 24 June 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 1.0% over the same period.