Creative Media & Community Trust Declares $0.34375 Quarterly Dividend on Series A Preferred

Creative Media & Community Trust Corp, a real estate investment trust with multifamily and lending operations, declared quarterly cash dividends on its Series A, Series A1, and Series D preferred stock for the fourth quarter of 2025. The dividends are payable on January 15, 2026 to shareholders of record as of the close of business on January 5, 2026. Read more dividend announcements.

The Series A preferred stock dividend stands at $0.34375 per share. The Series A1 preferred stock will pay $0.426875 per share, representing an annualized rate of 6.83%, while the Series D preferred stock dividend is $0.353125 per share.

The Series A1 preferred stock dividend is calculated using a variable rate formula. The quarterly cash dividend equals the greater of 6.00% of the stated value divided by four, or the Federal Funds Effective Rate on the determination date plus 2.50% of the stated value divided by four. The rate is capped at 2.50% of stated value per quarter. For this quarter, the federal funds rate was 4.33% on the applicable determination date, yielding the 6.83% annualized rate.

Recent Preferred Stock Redemptions

During the three months ended December 31, 2025, the company redeemed 342,521 shares of Series A1 preferred stock, 351,874 shares of Series A preferred stock, and 4,122 shares of Series D preferred stock. All redemptions were settled in common stock, resulting in the issuance of 1,910,435 common shares during the quarter.

Multifamily Segment Performance

The company's multifamily segment showed improved occupancy as of December 31, 2025. Properties were 85.3% occupied, up from 81.7% a year earlier. Monthly rent per occupied unit reached $2,497, compared to $2,468 in the prior year period. Net monthly rent per occupied unit was $2,127, down from $2,319 a year ago.

Lending Operations Update

The company's lending segment, which consisted primarily of an SBA 7(a) lending platform focused on small businesses in the hospitality industry, was sold in January 2026. Segment net operating income was $3.3 million for the three months ended December 31, 2025, compared to $980,000 in the same period of 2024. The increase was primarily driven by the reversal of current expected credit loss reserves during the quarter in connection with the reclassification of lending assets and liabilities to held for sale status. This gain was partially offset by lower interest income resulting from loan payoffs and declining interest rates.