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CMCT

Creative Media & Community Trust NasdaqGM:CMCT Stock Report

Last Price

US$6.65

Market Cap

US$155.3m

7D

-3.9%

1Y

-17.2%

Updated

25 Sep, 2022

Data

Company Financials +
CMCT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends3/6

CMCT Stock Overview

Creative Media & Community Trust Corporation is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets).

Creative Media & Community Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Creative Media & Community Trust
Historical stock prices
Current Share PriceUS$6.65
52 Week HighUS$9.39
52 Week LowUS$6.15
Beta0.47
1 Month Change-5.44%
3 Month Change-12.42%
1 Year Change-17.22%
3 Year Change-56.72%
5 Year Change-86.81%
Change since IPO-95.57%

Recent News & Updates

Sep 22

CIM Commercial Trust declares $0.085 dividend

CIM Commercial Trust (NASDAQ:CMCT) declares $0.085/share quarterly dividend, in line with previous. Forward yield 5.04% Payable Oct. 17; for shareholders of record Oct. 3; ex-div Sept. 30. See CMCT Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

CMCTUS REITsUS Market
7D-3.9%-6.2%-5.2%
1Y-17.2%-18.5%-23.0%

Return vs Industry: CMCT exceeded the US REITs industry which returned -18.5% over the past year.

Return vs Market: CMCT exceeded the US Market which returned -23% over the past year.

Price Volatility

Is CMCT's price volatile compared to industry and market?
CMCT volatility
CMCT Average Weekly Movement2.7%
REITs Industry Average Movement3.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: CMCT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CMCT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a5David Thompsonhttps://www.creativemediacommunity.com/

Creative Media & Community Trust Corporation is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area. Creative Media & Community Trust Corporation is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities.

Creative Media & Community Trust Fundamentals Summary

How do Creative Media & Community Trust's earnings and revenue compare to its market cap?
CMCT fundamental statistics
Market CapUS$155.27m
Earnings (TTM)-US$12.72m
Revenue (TTM)US$100.94m

1.5x

P/S Ratio

-12.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMCT income statement (TTM)
RevenueUS$100.94m
Cost of RevenueUS$52.44m
Gross ProfitUS$48.50m
Other ExpensesUS$61.22m
Earnings-US$12.72m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.54
Gross Margin48.05%
Net Profit Margin-12.60%
Debt/Equity Ratio49.1%

How did CMCT perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

339%

Payout Ratio

Does CMCT pay a reliable dividends?

See CMCT dividend history and benchmarks
When do you need to buy CMCT by to receive an upcoming dividend?
Creative Media & Community Trust dividend dates
Ex Dividend DateSep 30 2022
Dividend Pay DateOct 17 2022
Days until Ex dividend4 days
Days until Dividend pay date21 days

Does CMCT pay a reliable dividends?

See CMCT dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CMCT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CMCT?

Other financial metrics that can be useful for relative valuation.

CMCT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.1x
Enterprise Value/EBITDA18.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CMCT's PS Ratio compare to its peers?

CMCT PS Ratio vs Peers
The above table shows the PS ratio for CMCT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.2x
FSP Franklin Street Properties
1.6x-6.8%US$293.2m
CIO City Office REIT
2.5x2.3%US$442.3m
ONL Orion Office REIT
3.2x13.4%US$515.9m
OPI Office Properties Income Trust
1.3x0.6%US$766.6m
CMCT Creative Media & Community Trust
1.5x7.3%US$155.3m

Price-To-Sales vs Peers: CMCT is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does CMCT's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Sales vs Industry: CMCT is good value based on its Price-To-Sales Ratio (1.5x) compared to the US REITs industry average (4.9x)


Price to Sales Ratio vs Fair Ratio

What is CMCT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CMCT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: CMCT is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).


Share Price vs Fair Value

What is the Fair Price of CMCT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CMCT ($6.65) is trading below our estimate of fair value ($72.89)

Significantly Below Fair Value: CMCT is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


Discover undervalued companies

Future Growth

How is Creative Media & Community Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


30.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CMCT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CMCT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CMCT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CMCT's revenue (7.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CMCT's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CMCT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Creative Media & Community Trust performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-53.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CMCT is currently unprofitable.

Growing Profit Margin: CMCT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CMCT is unprofitable, and losses have increased over the past 5 years at a rate of 53.6% per year.

Accelerating Growth: Unable to compare CMCT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CMCT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (45.8%).


Return on Equity

High ROE: CMCT has a negative Return on Equity (1.78%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Creative Media & Community Trust's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CMCT's short term assets ($120.8M) exceed its short term liabilities ($26.4M).

Long Term Liabilities: CMCT's short term assets ($120.8M) do not cover its long term liabilities ($228.2M).


Debt to Equity History and Analysis

Debt Level: CMCT's net debt to equity ratio (45.2%) is considered high.

Reducing Debt: CMCT's debt to equity ratio has reduced from 129.3% to 49.1% over the past 5 years.

Debt Coverage: CMCT's debt is well covered by operating cash flow (25.9%).

Interest Coverage: CMCT's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


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Dividend

What is Creative Media & Community Trust current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.11%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 26 2022Ex Dividend DateSep 30 2022Dividend Pay DateOct 17 202217 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CMCT's dividend (5.11%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: CMCT's dividend (5.11%) is in the top 25% of dividend payers in the US market (4.57%)


Stability and Growth of Payments

Stable Dividend: CMCT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CMCT has only been paying a dividend for 9 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (338.9%), CMCT's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (14.8%), CMCT's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

David Thompson (58 yo)

3.5yrs

Tenure

Mr. David A. Thompson, CPA serves as Director at SkyPower Limited since 2019. He has been Chief Executive Officer of Creative Media & Community Trust Corporation (formerly known as CIM Commercial Trust Cor...


Leadership Team

Experienced Management: CMCT's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: CMCT's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGM:CMCT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
07 Oct 21BuyUS$383,987CIM Capital IC Management, LLCCompany42,150US$9.11
07 Oct 21BuyUS$384,128CIM Capital IC Management, LLCCompany42,150US$9.12
05 Oct 21BuyUS$325,741CIM Capital IC Management, LLCCompany37,644US$8.70
01 Oct 21BuyUS$600,185CIM Capital IC Management, LLCCompany67,729US$8.99
29 Sep 21BuyUS$279,796CIM Capital IC Management, LLCCompany32,227US$8.69

Ownership Breakdown

What is the ownership structure of CMCT?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders390,5391.7%
State or Government781,1573.3%
Institutions6,028,01825.8%
General Public7,739,36333.1%
Private Companies8,419,86436.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 64.77% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
36.05%
Cim Cmct Mlp, Llc
8,419,864$56.0m0%no data
4.81%
Harel Insurance Investments and Finances Services Ltd, Asset Management Arm
1,123,380$7.5m0%0.14%
3.34%
North Carolina Department of State Treasurer
781,157$5.2m0%no data
2.67%
Menora Mivtachim Pensions & Gemel Ltd.
624,559$4.2m0%0.05%
2.48%
Neuberger Berman Investment Advisers LLC
579,445$3.9m0%no data
2.45%
The Vanguard Group, Inc.
572,146$3.8m173.71%no data
2.03%
CIM Group, L.P.
473,033$3.1m0%100%
1.66%
CIM Capital IC Management, LLC
388,344$2.6m0%100%
1.5%
BlackRock, Inc.
349,750$2.3m-3.22%no data
1.43%
More Mutual Funds Management (2013) Ltd.
334,161$2.2m0%0.12%
1.05%
Lionbridge Asset Management, LLC
244,100$1.6m0%no data
0.94%
Brookmont Capital Management, LLC
218,834$1.5m-1.26%0.76%
0.84%
J.P. Morgan Asset Management, Inc.
195,900$1.3m0%no data
0.75%
Geode Capital Management, LLC
176,342$1.2m-10.54%no data
0.52%
Richard Ressler
122,628$815.1k0%no data
0.41%
Dimensional Fund Advisors LP
96,479$641.3k0.41%no data
0.26%
State Street Global Advisors, Inc.
61,364$407.9k0%no data
0.23%
Robotti & Company, Incorporated
52,871$351.4k-61.6%0.07%
0.21%
BNY Mellon Asset Management
49,854$331.4k2.62%no data
0.21%
Tudor Investment Corporation
49,747$330.7k-12.51%0.01%
0.19%
Shaul Kuba
45,420$301.9k0%no data
0.19%
Avraham Shemesh
45,420$301.9k0%no data
0.19%
I.B.I Mutual Funds Management (1978) Ltd.
44,596$296.4k-18.01%0.04%
0.19%
Douglas Bech
43,450$288.8k21.7%no data
0.16%
First Foundation Advisors
36,235$240.9k0%0.01%

Company Information

Creative Media & Community Trust Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Creative Media & Community Trust Corporation
  • Ticker: CMCT
  • Exchange: NasdaqGM
  • Founded: NaN
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: US$155.274m
  • Shares outstanding: 23.36m
  • Website: https://www.creativemediacommunity.com/

Number of Employees


Location

  • Creative Media & Community Trust Corporation
  • 17950 Preston Road
  • Suite 600
  • Dallas
  • Texas
  • 75252
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMCTNasdaqGM (Nasdaq Global Market)YesCommon SharesUSUSDMar 2014
WY52DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2014
CMCTTASE (The Tel-Aviv Stock Exchange)YesCommon SharesILILSMar 2014
CMCT.PNasdaqGM (Nasdaq Global Market)PFD SER LUSUSDNov 2017
CMCT.PTASE (The Tel-Aviv Stock Exchange)PFD SER LILILSNov 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.