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CMCT(CMCT) - 2023 Q3 - Earnings Call Transcript
2023-11-17 05:54
财务数据和关键指标变化 - 公司第三季度总体NOI增加至1.12亿美元,较上年同期增加1.1亿美元 [29] - 办公物业NOI增加至9300万美元,较上年同期增加2800万美元,主要由于合资办公物业收益增加和某些物业租金收入及房地产税费用下降 [30] - 酒店NOI下降至190万美元,较上年同期下降500万美元,主要由于餐饮收入下降 [31] - 新增的多户型住宅物业NOI为负400万美元,主要由于两处新收购物业仍处于租赁初期 [31] - 贷款业务NOI下降至40万美元,较上年同期下降80万美元,主要由于利息费用增加和人工成本分摊增加 [32] 各条业务线数据和关键指标变化 - 多户型住宅物业整体出租率为84.1%,较上季度提升20个基点 [22][25] - 其中,新收购的奥克兰两处物业出租率分别为77.5%和90.3%,仍处于租赁初期 [22][25] - 洛杉矶Echo Park的1902 Park物业出租率提升至89.3%,较上季度增加400个基点,反映了该资产的强劲需求 [25][26] - 办公物业出租率为82.6%,较上季度下降40个基点,租赁率为84.3%,较上季度下降20个基点,但租金水平仍保持上涨 [27] 各个市场数据和关键指标变化 - 奥克兰市场近年来新增供给较多,但公司认为在租金大幅上涨前新建项目不太可能启动,公司新收购的物业有较大增值空间 [23][24] - 洛杉矶Echo Park地区的1902 Park物业租金水平明显低于市场,公司正在以大幅提升的租金续租新租户 [25][26] 公司战略和发展方向及行业竞争 - 公司继续执行增加多户型住宅物业占比的战略,通过收购和开发项目不断扩大住宅资产规模 [8][9][10][17][19] - 公司在洛杉矶Culver City、洛杉矶Hancock Park和洛杉矶Jefferson Park等地区有多个住宅开发项目正在推进 [15][17][19] - 公司还在洛杉矶Echo Park地区开始一个36套公寓的开发项目,并计划在Culver City重新开发一处办公楼 [15][17][19] - 公司表示将在开发项目中引入合作投资者,以增加多元化和获得开发管理费收入 [20] 管理层对经营环境和未来前景的评论 - 公司认为奥克兰市场新增供给已基本消化,在租金大幅上涨前不太可能有新的开发项目启动,有利于公司新收购物业的增值 [23][24] - 公司表示洛杉矶Echo Park地区的1902 Park物业租金水平明显低于市场,有较大提升空间 [25][26] - 公司认为Culver City是一个供给受限、高租金的优质次市场,具有较大发展潜力 [15][16][17] - 公司表示新收购的多户型住宅物业处于租赁初期,未来有望带来显著的NOI增长 [10][35] 问答环节重要的提问和回答 问题1 **Ellie Jiang 提问** 公司在多户型住宅物业投资方面的具体计划是什么 [8][9][10] **Jiazhen Zhao 回答** 公司将继续执行增加多户型住宅物业占比的战略,通过收购和开发项目不断扩大住宅资产规模。公司在洛杉矶多个地区有多个住宅开发项目正在推进,未来有望带来显著的NOI增长。[10][17][19] 问题2 **Yang Bai 提问** 公司在Culver City的开发项目有什么特点 [15][16][17] **Jiazhen Zhao 回答** Culver City是一个供给受限、高租金的优质次市场,公司在此地区的开发项目包括重新开发一处办公楼,具有较大发展潜力。该项目位置优越,紧邻轻轨站,周边有众多知名科技公司入驻。[15][16][17] 问题3 **Joyce Ju 提问** 公司如何看待奥克兰市场的发展前景 [23][24] **Lei Chen 回答** 公司认为奥克兰市场新增供给已基本消化,在租金大幅上涨前不太可能有新的开发项目启动,这有利于公司新收购的奥克兰物业未来的增值。公司表示这些资产的定价具有较大优势,未来有望带来显著收益。[23][24]
CMCT(CMCT) - 2023 Q3 - Quarterly Report
2023-11-14 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13610 CREATIVE MEDIA & COMMUNITY TRUST CORPORATION (Exact name of registrant as specified in its charter) Maryland 75-6446078 ...
CMCT(CMCT) - 2023 Q2 - Earnings Call Transcript
2023-08-11 04:47
Creative Media & Community Trust Corporation (NASDAQ:CMCT) Q2 2023 Results Conference Call August 10, 2023 12:00 PM ET Company Participants Steve Altebrando - Portfolio Oversight Shaul Kuba - Chief Investment Officer David Thompson - CEO Barry Berlin - CFO Conference Call Participants Brendan McCarthy - Sidoti Craig Kucera - B. Riley Operator Good day, and welcome to the Creative Media & Community Trust Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being rec ...
CMCT(CMCT) - 2023 Q2 - Quarterly Report
2023-08-10 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13610 CREATIVE MEDIA & COMMUNITY TRUST CORPORATION (Exact name of registrant as specified in its charter) Maryland 75-6446078 (Stat ...
CMCT(CMCT) - 2023 Q1 - Quarterly Report
2023-05-05 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13610 CREATIVE MEDIA & COMMUNITY TRUST CORPORATION (Exact name of registrant as specified in its charter) Maryland 75-6446078 (Sta ...
CMCT(CMCT) - 2023 Q1 - Earnings Call Transcript
2023-05-03 09:10
Creative Media & Community Trust Corporation (NASDAQ:CMCT) Q1 2023 Earnings Conference Call May 2, 2023 12:00 PM ET Company Participants Steve Altebrando - Portfolio Oversight David Thompson - Chief Executive Officer Shaul Kuba - Chief Investment Officer Barry Berlin - Chief Financial Officer Conference Call Participants Eric Speron - First Foundation Gaurav Mehta - EF Hutton Operator Good afternoon, and welcome to the Creative Media & Community Trust First Quarter 2023 Earnings Conference Call. All partici ...
CMCT(CMCT) - 2022 Q4 - Earnings Call Transcript
2023-04-01 07:18
Creative Media & Community Trust Corporation (NASDAQ:CMCT) Q4 2022 Results Conference Call March 31, 2023 12:00 PM ET Company Participants Steve Altebrando - VP, Equity Capital Markets Shaul Kuba - Chief Investment Officer David Thompson - Chief Executive Officer Barry Berlin - Chief Financial Officer Conference Call Participants Gaurav Mehta - E.F. Hutton Craig Kucera - B. Riley Securities John Moran - Robotti & Co Brendan McCarthy - Sidoti Operator Hello, and welcome to the Creative Media & Community Trus ...
CMCT(CMCT) - 2022 Q4 - Annual Report
2023-03-31 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-13610 CREATIVE MEDIA & COMMUNITY TRUST CORPORATION (Exact Name of Registrant as Specified in Its Charter) Maryland 75-6446078 (State or Other Jurisdiction of Incorporation or Organi ...