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
|Historical stock prices|
|Current Share Price||US$6.39|
|52 Week High||US$9.39|
|52 Week Low||US$6.15|
|1 Month Change||-8.97%|
|3 Month Change||-11.74%|
|1 Year Change||-23.29%|
|3 Year Change||-57.37%|
|5 Year Change||-87.32%|
|Change since IPO||-95.74%|
Recent News & Updates
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.
|CMCT||US REITs||US Market|
Return vs Industry: CMCT underperformed the US REITs industry which returned -20.3% over the past year.
Return vs Market: CMCT underperformed the US Market which returned -21.5% over the past year.
|CMCT Average Weekly Movement||2.6%|
|REITs Industry Average Movement||4.1%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
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
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
|CMCT fundamental statistics|
Is CMCT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CMCT income statement (TTM)|
|Cost of Revenue||US$52.44m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.54|
|Net Profit Margin||-12.60%|
How did CMCT perform over the long term?See historical performance and comparison
5.3%Current Dividend Yield
Does CMCT pay a reliable dividends?See CMCT dividend history and benchmarks
|Creative Media & Community Trust dividend dates|
|Ex Dividend Date||Sep 30 2022|
|Dividend Pay Date||Oct 17 2022|
|Days until Ex dividend||2 days|
|Days until Dividend pay date||15 days|
Does CMCT pay a reliable dividends?See CMCT dividend history and benchmarks
Is CMCT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
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.
|What is CMCT's n/a Ratio?|
Price to Sales Ratio vs Peers
How does CMCT's PS Ratio compare to its peers?
|CMCT PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
FSP Franklin Street Properties
CIO City Office REIT
ONL Orion Office REIT
OPI Office Properties Income Trust
CMCT Creative Media & Community Trust
Price-To-Sales vs Peers: CMCT is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (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 (4.6x)
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.
|Current PS Ratio||1.5x|
|Fair PS Ratio||2.2x|
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 ($6.39) is trading below our estimate of fair value ($58.74)
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 and analysts are within a statistically confident range of agreement.
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How is Creative Media & Community Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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
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How has Creative Media & Community Trust performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Creative Media & Community Trust's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
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).
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What is Creative Media & Community Trust current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Creative Media & Community Trust Dividend Yield vs Market|
|Company (Creative Media & Community Trust)||5.3%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (REITs)||4.1%|
|Analyst forecast in 3 Years (Creative Media & Community Trust)||5.3%|
Notable Dividend: CMCT's dividend (5.32%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: CMCT's dividend (5.32%) is in the top 25% of dividend payers in the US market (4.7%)
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Thompson (58 yo)
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...
Experienced Management: CMCT's management team is considered experienced (4.6 years average tenure).
Experienced Board: CMCT's board of directors are considered experienced (8.5 years average tenure).
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
|07 Oct 21||BuyUS$383,987||CIM Capital IC Management, LLC||Company||42,150||US$9.11|
|07 Oct 21||BuyUS$384,128||CIM Capital IC Management, LLC||Company||42,150||US$9.12|
|05 Oct 21||BuyUS$325,741||CIM Capital IC Management, LLC||Company||37,644||US$8.70|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||781,157||3.3%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Creative Media & Community Trust Corporation's employee growth, exchange listings and data sources
- Name: Creative Media & Community Trust Corporation
- Ticker: CMCT
- Exchange: NasdaqGM
- Founded: NaN
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$149.264m
- Shares outstanding: 23.36m
- Website: https://www.creativemediacommunity.com/
Number of Employees
- Creative Media & Community Trust Corporation
- 17950 Preston Road
- Suite 600
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CMCT||NasdaqGM (Nasdaq Global Market)||Yes||Common Shares||US||USD||Mar 2014|
|WY52||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2014|
|CMCT||TASE (The Tel-Aviv Stock Exchange)||Yes||Common Shares||IL||ILS||Mar 2014|
|CMCT.P||NasdaqGM (Nasdaq Global Market)||PFD SER L||US||USD||Nov 2017|
|CMCT.P||TASE (The Tel-Aviv Stock Exchange)||PFD SER L||IL||ILS||Nov 2017|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.