Creative Media & Community Trust Corp Q4 FY2025 earnings call

• Executing on strategic plan, focusing on premier multifamily assets, strengthening balance sheet, improving liquidity.
• Completed financing on nine assets since September 2024, retired recourse credit facility in April 2025, sold lending division in January 2026, redeemed approx. $153.3 million of preferred stock into common stock since September 2024.
• Announced redemption of approx. 2 million shares of Series A preferred stock, etc., expected to improve annual FFO by approx. $16 million and return capital structure to target.
• Actively evaluating additional asset sales to enhance liquidity and optimize balance sheet.
• Operating trends moving in right direction: office leased occupancy 88.5% end of 2025, multifamily occupancy 88.5% end of 2025, hotel public space upgrades substantially complete, anticipating lower interest expense.

Fourth quarter overall net operating income was $10.9 million. Office segment NOI in Q4 2025 was $6.4 million versus $5.2 million in Q4 2024. Lending division NOI increased to $3.3 million in Q4 2025 compared to $980,000 in the prior year comparable period. Hotel segment NOI in Q4 2025 was $2.1 million, consistent with prior year comparable period. Multifamily segment NOI decreased to a loss of $870,000 in Q4 2025 compared to income of $855,000 in the prior year comparable period.

• Announced redemption of certain preferred stocks, expected to improve annual FFO by approx. $16 million.
• Planning to refinance Sheridan Grand Hotel now that renovation is substantially complete.
• Currently working on extension of two assets expected to complete in Q2 2026.
• Continue to evaluate redemption requests for preferred stock and actively evaluate additional asset sales.

• Actual results may differ from expectations due to known and unknown risks, trends, uncertainties, etc. Factors beyond control that may affect results. Detailed risks refer to SEC filings.

Showing no questions, this concludes our question and answer session. And the conference is also now concluded. Thank you for attending today's presentation. You may now disconnect.