Creative Media & Community Trust reports Q4 FFO (44c) vs. (16c) last year

Reports Q4 revenue $29.5M vs. $25.9M last year. “We made additional strides in early 2024 improving our multifamily occupancy,” said David Thompson, Chief Executive Officer of Creative Media & Community Trust Corporation. “We believe there is a significant opportunity to improve our multifamily net operating income after we acquired two premier Class A multifamily residences in 2023 that are still in their lease-up phase following completion of construction.”