Creative Media & Community Trust: Q2 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — Creative Media & Community Trust Corporation (CMCT) on Friday reported a key measure of profitability in its second quarter.

The Los Angeles-based real estate investment trust said it had funds from operations of $3.4 million, or $1.25 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 $11 million, or $4.03 per share.

The real estate investment trust, based in Los Angeles, posted revenue of $29.7 million in the period.

_____

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