UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 8, 2024

Commission File Number 1-13610

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

(Exact name of registrant as specified in its charter)

(State or Other Jurisdiction of Incorporation or Organization) 5956 Sherry Lane, Suite 700, Dallas, TX 75225 (972) 349-3200 (Address of Principal Executive Offices) (Registrant's telephone number)

Maryland 75-6446078 (I.R.S. Employer Identification No.)

None (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, \$0.001 Par Value	CMCT	Nasdaq Global Market
Common Stock, \$0.001 Par Value	CMCT	Tel Aviv Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 2.02 Results of Operations and Financial Condition

On August 8, 2024 Creative Media & Community Trust Corporation (the "Company") issued a press release announcing its financial results for the period ended June 30, 2024. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated by reference herein.

The information in this Item 2.02 and Exhibit 99.1 are being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 7.01. Regulation FD Disclosure

A copy of the Company's Q2 2024 Investor Presentation is attached to this Form 8-K as Exhibit 99.2 and is incorporated by reference herein. Additionally, the Company has posted a copy of the presentation on its Shareholder Relations page at www.creativemediacommunity.com.

The information in this Item 7.01 and Exhibit 99.2 are being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number Exhibit Description

*99.1 Press Release dated August 8, 2024, regarding the Company's financial results for the quarter ended June 30, 2024. *99.2 Investor Presentation Q2 2024.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Filed herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

/s/ Barry N. Berlin Barry N. Berlin Chief Financial Of icer

Dated: August 8, 2024 By:

Creative Media & Community Trust Corporation Reports 2024 Second Quarter Results

Dallas—(August 8, 2024) Creative Media & Community Trust Corporation (NASDAQ and TASE: CMCT) ("we", "our", "CMCT", or the "Company"), today reported operating results for the three months ended June 30, 2024.

Second Quarter 2024 Highlights

Real Estate Portfolio

Same-store office portfolio was 83.5% leased. (2)
Executed 52,346 square feet of leases with terms longer than 12 months.

Financial Results

Net loss attributable to common stockholders of \$9.7 million, or \$0.43 per diluted share.
Funds from operations attributable to common stockholders ("FFO") was \$(3.3) million, or \$(0.14) per diluted share. (3)1
Core FFO attributable to common stockholders was \$(2.1) million, or \$(0.09) per diluted share. (4)1

Management Commentary

"Our core FFO improved from the first quarter of 2024 due to improved net operating income across all of our real estate segments- multifamily, office and hotel," said David Thompson, Chief Executive Officer of Creative Media & Community Trust Corporation. "Our goal is to strengthen our balance sheet and improve our cash flow. In order to achieve this goal, we continue to actively evaluate asset sales and other ways to reduce both our recourse debt and overall debt."

First Quarter 2024 Results

Real Estate Portfolio

As of June 30, 2024, our real estate portfolio consisted of 27 assets, all of which were fee-simple properties and five of which we own through investments in unconsolidated joint ventures (the "Unconsolidated Joint Ventures"). The Unconsolidated Joint Ventures own two office properties (one of which is being partially converted into multifamily units), one multifamily site currently under development, one multifamily property and one commercial development site. The portfolio includes 13 office properties, totaling approximately 1.3 million rentable square feet, three multifamily properties totaling 696 units, nine development sites (three of which are being used as parking lots) and one 503 room hotel with an ancillary parking garage.

Financial Results

Net loss attributable to common stockholders was \$9.7 million, or \$0.43 per diluted share of common stock, for the three months ended June 30, 2024, compared to a net loss attributable to common stockholders of \$23.8 million, or \$1.05 per diluted share of common stock, for the same period in 2023. The decrease in net loss attributable to common stockholders was driven by a decrease in depreciation and amortization expense, adjusted for the impact of non controlling interests, of \$13.2 million as well as a \$0.9 million increase in FFO discussed below.

FFO attributable to common stockholders was \$(3.3) million, or \$(0.14) per diluted share of common stock for the three months ended June 30, 2024 compared to \$(4.2) million, or \$(0.19) per diluted share of common stock, for the same period in 2023. The increase in FFO was primarily attributable to an increase of \$4.2 million in segment net operating income. This was partially offset an increase in interest expense not allocated to our operating segments of \$952,000 as well as an increase in redeemable preferred stock dividends of \$1.7 million and an increase in redeemable preferred stock redemptions of \$252,000. (3)1 1

Core FFO attributable to common stockholders was \$(2.1) million, or \$(0.09) per diluted share of common stock for the three months ended June 30, 2024 compared to \$(3.9) million, or \$(0.17) per diluted share of common stock, for the same period in 2023. The increase in Core FFO is attributable to the aforementioned changes in FFO ,while not impacted by the increase in redeemable preferred stock redemptions or an increase transaction-related costs of \$135,000, as these are excluded from our Core FFO calculation. (4)1 1 1 1

Non-GAAP financial measure. Refer to the explanations and reconciliations elsewhere in this release. 1

Segment Information

Our reportable segments during the three months ended June 30, 2024 and 2023 consisted of three types of commercial real estate properties, namely, office, hotel and multifamily, as well as a segment for our lending business. Total segment net operating income ("NOI") was \$16.2 million for the three months ended June 30, 2024, compared to \$12.0 million for the same period in 2023. (5)

Office Same-Store

Same-store office segment NOI increased to \$7.6 million for the three months ended June 30, 2024, compared to \$6.9 million in the same period in 2023, while same-store office Cash NOI increased to \$8.5 million for the three months ended June 30, 2024, compared to \$7.2 million in the same period in 2023. The increases in same-store office segment NOI and same-store office cash NOI were primarily attributable to our same store unconsolidated office entities, due to unrealized losses they had recognized on their investments in real estate in the prior year-period. In addition, same-store office cash NOI also benefited from an increase in cash rental revenues at an office property in Oakland, California resulting from an increase in rental rates. (2) (5) (1) (6)2 (2) (5) (2) (6)2 (2) (6)2

At June 30, 2024, the Company's same-store office portfolio was 82.5% occupied, a decrease of 50 basis points year-over-year on a same-store basis, and 83.5% leased, a decrease of 100 basis points year-over-year on a same-store basis. The annualized rent per occupied square foot on a same-store basis was \$58.85 at June 30, 2024 compared to \$56.71 at June 30, 2023. During three months ended June 30, 2024, the Company executed 52,346 square feet of leases with terms longer than 12 months at our same-store office portfolio. (2) (2) (2) (7) (2) (2)

Total

Office Segment NOI increased to \$8.9 million for the three months ended June 30, 2024, from \$6.8 million for the same period in 2023. The increase was due to the increase in same-store office segment NOI discussed above as well as an increase in non-same-store office Segment NOI of \$1.4 million, which was primarily driven by income from an unconsolidated office entity in Los Angeles, California during the three months ended June 30, 2024, due to the entity recognizing an unrealized gain on its investment in real estate during the quarter. (5) (2) (5) (2) (5)

Hotel

Hotel Segment NOI was \$4.3 million for the three months ended June 30, 2024, an increase from \$4.1 million for the same period in 2023, primarily due to an increase in average daily rate. The following table sets forth the occupancy, average daily rate and revenue per available room for our hotel in Sacramento, California for the specified periods: (5)

	Three Months Ended June 30,
		2024	2023
Occupancy		79.9 %		81.3 %
(a) Average daily rate	\$	210.54	\$	201.17
(b) Revenue per available room	\$	168.30	\$	163.50

(a) Calculated as trailing 3-month room revenue divided by the number of rooms occupied.

(b) Calculated as trailing 3-month room revenue divided by the number of available rooms.

Multifamily

______________________

Our Multifamily Segment consists of two multifamily buildings located in Oakland, California as well as an investment in a multifamily building in the Echo Park neighborhood of Los Angeles, California through one of the Unconsolidated Joint Ventures, all of which were acquired during the first quarter of 2023. Our multifamily segment NOI was \$2.3 million for the three months ended June 30, 2024 compared to \$522,000 for the same period in 2023. The increase in our multifamily segment NOI was primarily due to higher occupancy and higher net monthly rent per occupied unit during the three months ended June 30, 2024 compared to the three months ended June 30, 2023. As of June 30, 2024, our Multifamily Segment was 92.5% occupied, monthly rent per occupied (5) (5) (9)

Non-GAAP financial measure. Refer to the explanations and reconciliations elsewhere in this release. 2

unit was \$2,647 and net monthly rent per occupied unit was \$2,469, compared to 83.9%, \$2,914, and \$2,336 respectively as of June 30, 2023. (8) (9)

Lending

Our lending segment primarily consists of our SBA 7(a) lending platform, which is a national lender that primarily originates loans to small businesses in the hospitality industry. Lending segment NOI was \$743,000 for the three months ended June 30, 2024, compared to \$524,000 for the same period in 2023. The increase was primarily due to a decrease in interest expense resulting from the amount of principal repayments on our SBA 7(a) loan-backed notes. (5)

Debt and Equity

During the three months ended June 30, 2024, we issued 364,754 shares of Series A1 Preferred Stock for aggregate net proceeds of \$8.3 million. Net proceeds represent gross proceeds offset by costs specifically identifiable to the offering, such as commissions, dealer manager fees and other offering fees and expenses as well as allocated indirect offering costs. In addition, during the three months ended June 30, 2024 we made incremental borrowings of \$15.0 million on our revolving credit facility.

Dividends

On June 25, 2024, we declared a quarterly cash dividend of \$0.0850 per share of our common stock, which was paid on July 22, 2024.

On July 9, 2024, we declared preferred stock dividends on our Series A, Series A1, and Series D Preferred Stock for the third quarter of 2024. The dividend amount, the record date and the payment date are as follows:

	Monthly Dividend Amount (per share)	Record Date	Payment Date
Series A Preferred Stock (\$0.34375 per share for the quarter)	\$ 0.114583	August 5, 2024 September 5,2024	August 15, 2024 September 16, 2024
Series A1 Preferred Stock (\$0.489375 per share for the quarter)*	\$ 0.163125	October 5, 2024	October 15, 2024
Series D Preferred Stock (\$0.353125 per share for the quarter)	\$ 0.117708

* The quarterly Series A1 Preferred Stock cash dividend of \$0.489375 per share represents an annualized dividend rate of 7.83% (2.5% plus the federal funds rate of 5.33% on the applicable determination date). For shares of Series A1 Preferred Stock issued in the second quarter of 2024, the dividend will be prorated from the date of issuance, and the monthly dividend payments will reflect such proration.

About the Data

______________________

Descriptions of certain performance measures, including Segment NOI, Cash NOI, FFO attributable to common stockholders, and Core FFO attributable to common stockholders are provided below. Certain of these performance measures—Cash NOI, FFO attributable to common stockholders and Core FFO attributable to common stockholders —are non-GAAP financial measures. Refer to the subsequent tables for reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure.

(1) Stabilized office portfolio: represents office properties where occupancy was not impacted by a redevelopment or repositioning during the period.

(2) Same-store properties: are properties that we have owned and operated in a consistent manner and reported in our consolidated results during the entire span of the periods being reported. We excluded from our same-store property set this quarter any properties (i) acquired on or after April 1, 2023; (ii) sold or otherwise removed from our consolidated financial statements on or before June 30, 2024; or (iii) that underwent a major repositioning project we believed significantly affected its results at any point during the period commencing on April 1, 2023 and ending on June 30, 2024. When determining our same-store office properties as of June 30, 2024, one office property was excluded pursuant to (i) and (iii) above and one office property as excluded pursuant to (ii) above.
(3) FFO attributable to common stockholders ("FFO"): represents net income (loss) attributable to common stockholders, computed in accordance with GAAP, which reflects the deduction of redeemable preferred stock dividends accumulated, excluding gain (or loss) from sales of real estate, impairment of real estate, and real estate depreciation and amortization. We calculate FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts (the "NAREIT"). See 'Core FFO' definition below for discussion of the benefits and limitations of FFO as a supplemental measure of operating performance.

(4) Core FFO attributable to common stockholders ("Core FFO"): represents FFO attributable to common stockholders (computed as described above), excluding gain (loss) on early extinguishment of debt, redeemable preferred stock deemed dividends, redeemable preferred stock redemptions, gain (loss) on termination of interest rate swaps, and transaction costs.

We believe that FFO is a widely recognized and appropriate measure of the performance of a REIT and that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting their results. In addition, we believe that Core FFO is a useful metric for securities analysts, investors and other interested parties in the evaluation of our Company as it excludes from FFO the effect of certain amounts that we believe are non-recurring, are non-operating in nature as they relate to the manner in which we finance our operations, or transactions outside of the ordinary course of business.

Like any metric, FFO and Core FFO should not be used as the only measure of our performance because it excludes depreciation and amortization and captures neither the changes in the value of our real estate properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, and Core FFO excludes amounts incurred in connection with non-recurring special projects, prepaying or defeasing our debt, repurchasing our preferred stock, and adjusting the carrying value of our preferred stock classified in temporary equity to its redemption value, all of which have real economic effect and could materially impact our operating results. Other REITs may not calculate FFO and Core FFO in the same manner as we do, or at all; accordingly, our FFO and Core FFO may not be comparable to the FFOs and Core FFOs of other REITs. Therefore, FFO and Core FFO should be considered only as a supplement to net income (loss) as a measure of our performance and should not be used as a supplement to or substitute measure for cash flows from operating activities computed in accordance with GAAP. FFO and Core FFO should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends. FFO and Core FFO per share for the year-to-date period may differ from the sum of quarterly FFO and Core FFO per share amounts due to the required method for computing per share amounts for the respective periods. In addition, FFO and Core FFO per share is calculated independently for each component and may not be additive due to rounding.

(5) Segment NOI: for our real estate segments represents rental and other property income and expense reimbursements less property related expenses and excludes non-property income and expenses, interest expense, depreciation and amortization, corporate related general and administrative expenses, gain (loss) on sale of real estate, gain (loss) on early extinguishment of debt, impairment of real estate, transaction costs, and benefit (provision) for income taxes. For our lending segment, Segment NOI represents interest income net of interest expense and general overhead expenses. See 'Cash NOI' definition below for discussion of the benefits and limitations of Segment NOI as a supplemental measure of operating performance.
(6) Cash NOI: for our real estate segments, represents Segment NOI adjusted to exclude the effect of the straight lining of rents, acquired above/below market lease amortization and other adjustments required by generally accepted accounting principles ("GAAP"). For our lending segment, there is no distinction between Cash NOI and Segment NOI. We also evaluate the operating performance and financial results of our operating segments using cash basis NOI excluding lease termination income, or "Cash NOI excluding lease termination income".

Segment NOI and Cash NOI are not measures of operating results or cash flows from operating activities as measured by GAAP and should not be considered alternatives to income from continuing operations, or to cash flows as a measure of liquidity, or as an indication of our performance or of our ability to pay dividends. Companies may not calculate Segment NOI or Cash NOI in the same manner. We consider Segment NOI and Cash NOI to be useful performance measures to investors and management because, when compared across periods, they reflect the revenues and expenses directly associated with owning and operating our properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. Additionally, we believe that Cash NOI is helpful to investors because it eliminates straight line rent and other non-cash adjustments to revenue and expenses.

(7) Annualized rent per occupied square foot: represents gross monthly base rent under leases commenced as of the specified periods, multiplied by twelve. This amount reflects total cash rent before abatements. Where applicable, annualized rent has been grossed up by adding annualized expense reimbursements to base rent. Annualized rent for certain office properties includes rent attributable to retail.
(8) Monthly rent per occupied unit: Represents gross monthly base rent under leases commenced as of the specified period, divided by occupied units. This amount reflects total cash rent before concessions.
(9) Net monthly rent per occupied unit: Represents gross monthly base rent under leases commenced as of the specified period less rent concessions granted during the specified period, divided by occupied units.

FORWARD-LOOKING STATEMENTS

This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are intended to be covered by the safe harbors created thereby. These statements include the plans and objectives of management for future operations, including plans and objectives relating to future growth of CMCT's business and availability of funds. Such forward-looking statements can be identified by the use of forward-looking terminology such as "may," "will," "project," "target," "expect," "intend," "might," "believe," "anticipate," "estimate," "could," "would," "continue," "pursue," "potential," "forecast," "seek," "plan," or "should," or "goal" or the negative thereof or other variations or similar words or phrases. Such forward-looking statements also include, among others, statements about CMCT's plans and objectives relating to future growth and outlook. Such forward-looking statements are based on particular assumptions that management of CMCT has made in light of its experience, as well as its perception of expected future developments and other factors that it believes are appropriate under the circumstances. Forward-looking statements are necessarily estimates reflecting the judgment of CMCT's management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include those associated with (i) the timing, form, and operational effects of CMCT's development activities, (ii) the ability of CMCT to raise in place rents to existing market rents and to maintain or increase occupancy levels, (iii) fluctuations in market rents, (iv) the effects of inflation and continuing higher interest rates on the operations and profitability of CMCT and (v) general economic, market and other conditions. Additional important factors that could cause CMCT's actual results to differ materially from CMCT's expectations are discussed in "Item 1A—Risk Factors" in CMCT's Annual Report on Form 10-K for the year ended December 31, 2023. The forward-looking statements included herein are based on current expectations and there can be no assurance that these expectations will be attained. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond CMCT's control. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements expressed or implied will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements expressed or implied herein, the inclusion of such information should not be regarded as a representation by CMCT or any other person that CMCT's objectives and plans will be achieved. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made. CMCT does not undertake to update them to reflect changes that occur after the date they are made, except as may be required by applicable laws.

For Creative Media & Community Trust Corporation

Media Relations: Bill Mendel, 212-397-1030 [email protected]

Shareholder Relations: Steve Altebrando, 646-652-8473 [email protected]

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited and in thousands, except share and per share amounts)

	June 30, 2024	December 31, 2023
ASSETS
Investments in real estate, net	\$ 699,329 \$	704,762
Investments in unconsolidated entities	34,502	33,505
Cash and cash equivalents	29,323	19,290
Restricted cash	21,517	24,938
Loans receivable, net	57,676	57,005
Accounts receivable, net	5,731	5,347
Deferred rent receivable and charges, net	28,000	28,222
Other intangible assets, net	3,758	3,948
Other assets	11,392	14,183
TOTAL ASSETS	\$ 891,228 \$	891,200
LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY
LIABILITIES:
Debt, net	\$ 485,114 \$	471,561
Accounts payable and accrued expenses	26,816	26,426
Due to related parties	5,903	3,463
Other liabilities	11,936	12,981
Total liabilities	529,769	514,431
COMMITMENTS AND CONTINGENCIES
REDEEMABLE PREFERRED STOCK: Series A1 cumulative redeemable preferred stock, \$0.001 par value; 27,848,926 and 27,904,974 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 364,754 shares issued and outstanding as of June 30, 2024 and no shares issued or outstanding as of December 31, 2023; liquidation preference of \$25.00 per share, subject to adjustment	8,298	—
EQUITY:
Series A cumulative redeemable preferred stock, \$0.001 par value; 33,934,521 and 34,611,501 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 8,820,338 and 6,754,859 shares issued and outstanding, respectively, as of June 30, 2024 and 8,820,338 and 7,431,839 shares issued and outstanding, respectively, as of December 31, 2023; liquidation preference of \$25.00 per share, subject to adjustment	168,844	185,704
Series A1 cumulative redeemable preferred stock, \$0.001 par value; 27,848,926 and 27,904,974 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 11,327,248 and 11,176,174 shares issued and outstanding, respectively, as of June 30, 2024 and 10,473,369 and 10,378,343 shares issued and outstanding, respectively, as of December 31, 2023; liquidation preference of \$25.00 per share, subject to adjustment	276,795	256,935
Series D cumulative redeemable preferred stock, \$0.001 par value; 26,991,590 shares authorized as of June 30, 2024 and December 31, 2023; 56,857 and 48,447 shares issued and outstanding, respectively, as of June 30, 2024 and 56,857 and 48,447 shares issued and outstanding, respectively, as of December 31, 2023; liquidation preference of \$25.00 per share, subject to adjustment	1,190	1,190
Common stock, \$0.001 par value; 900,000,000 shares authorized; 22,786,741 shares issued and outstanding as of June 30, 2024 and December 31,
2023, respectively	23	23
Additional paid-in capital	851,979	852,476
Distributions in excess of earnings	(947,762)	(921,925)
Total stockholders' equity	351,069	374,403
Non-controlling interests	2,092	2,366
Total equity	353,161	376,769
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK, AND EQUITY	\$ 891,228 \$	891,200

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited and in thousands, except per share amounts)

Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 REVENUES: Rental and other property income \$ 19,249 \$ 18,052 \$ 38,022 \$ 32,938 Hotel income 11,696 11,182 22,960 22,105 Interest and other income 3,494 3,526 7,455 6,629 Total Revenues 34,439 32,760 68,437 61,672 EXPENSES: Rental and other property operating 17,196 16,979 35,177 32,204 Asset management and other fees to related parties 425 627 819 1,347 Expense reimbursements to related parties—corporate 612 677 1,217 1,205 Expense reimbursements to related parties—lending segment 673 910 1,236 1,518 Interest 9,226 8,709 18,203 14,945 General and administrative 1,403 1,684 3,022 3,609 Transaction-related costs 135 — 825 3,360 Depreciation and amortization 6,456 20,472 12,934 29,974 Total Expenses 36,126 50,058 73,433 88,162 Income (loss) from unconsolidated entities 1,123 (904) 797 (136) Gain on sale of real estate (Note 3) — — — 1,104 LOSS BEFORE PROVISION FOR INCOME TAXES (564) (18,202) (4,199) (25,522) Provision for income taxes 288 159 558 415 NET LOSS (852) (18,361) (4,757) (25,937) Net loss attributable to non-controlling interests 56 1,002 231 1,627 NET LOSS ATTRIBUTABLE TO THE COMPANY (796) (17,359) (4,526) (24,310) Redeemable preferred stock dividends declared or accumulated (Note 11) (7,876) (6,141) (15,635) (11,532) Redeemable preferred stock deemed dividends (Note 11) (428) — (428) — Redeemable preferred stock redemptions (Note 11) (567) (315) (1,373) (688) NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS \$ (9,667) \$ (23,815) \$ (21,962) \$ (36,530) NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE: Basic \$ (0.43) \$ (1.05) \$ (0.97) \$ (1.61) Diluted \$ (0.43) \$ (1.05) \$ (0.97) \$ (1.61) WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING: Basic 22,738 22,707 22,738 22,707 Diluted 22,738 22,707 22,738 22,707

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

We believe that FFO is a widely recognized and appropriate measure of the performance of a REIT and that it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which present FFO when reporting their results. FFO represents net income (loss) attributable to common stockholders, computed in accordance with generally accepted accounting principles ("GAAP"), which reflects the deduction of redeemable preferred stock dividends accumulated, excluding gains (or losses) from sales of real estate, impairment of real estate, and real estate depreciation and amortization. We calculate FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts (the "NAREIT").

Like any metric, FFO should not be used as the only measure of our performance because it excludes depreciation and amortization and captures neither the changes in the value of our real estate properties that result from use or market conditions nor the level of capital expenditures and leasing commissions necessary to maintain the operating performance of our properties, all of which have real economic effect and could materially impact our operating results. Other REITs may not calculate FFO in accordance with the standards established by the NAREIT; accordingly, our FFO may not be comparable to the FFO of other REITs. Therefore, FFO should be considered only as a supplement to net income (loss) as a measure of our performance and should not be used as a supplement to or substitute measure for cash flows from operating activities computed in accordance with GAAP. FFO should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends. The following table sets forth a reconciliation of net income (loss) attributable to common stockholders to FFO attributable to common stockholders for the three and six months ended June 30, 2024 and 2023.

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Numerator:
Net loss attributable to common stockholders	\$ (9,667) \$	(23,815) \$	(21,962) \$	(36,530)
Depreciation and amortization	6,456	20,472	12,934	29,974
Noncontrolling interests' proportionate share of depreciation and amortization	(68)	(883)	(172)	(1,360)
Gain on sale of real estate	—	—	—	(1,104)
FFO attributable to common stockholders	(3,279)	(4,226) \$	(9,200) \$	(9,020)
Redeemable preferred stock dividends declared on dilutive shares (a)	—	—	—	—
Diluted FFO attributable to common stockholders	\$ (3,279) \$	(4,226) \$	(9,200) \$	(9,020)
Denominator:
Basic weighted average shares of common stock outstanding	22,738	22,707	22,738	22,707
Effect of dilutive securities—contingently issuable shares (a)	—	2	—	2
Diluted weighted average shares and common stock equivalents outstanding	22,738	22,709	22,738	22,709
FFO attributable to common stockholders per share:
Basic	\$ (0.14) \$	(0.19) \$	(0.40) \$	(0.40)
Diluted	\$ (0.14) \$	(0.19) \$	(0.40) \$	(0.40)

(a) For the three months ended June 30, 2024 and 2023, the effect of certain shares of redeemable preferred stock were excluded from the computation of diluted FFO attributable to common stockholders and the diluted weighted average shares and common stock equivalents outstanding as such inclusion would be anti-dilutive.

______________________

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Core Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

In addition to calculating FFO in accordance with the standards established by NAREIT, we also calculate a supplemental FFO metric we call Core FFO attributable to common stockholders. Core FFO attributable to common stockholders represents FFO attributable to common stockholders, computed in accordance with NAREIT's standards, excluding losses (or gains) on early extinguishment of debt, redeemable preferred stock redemptions, gains (or losses) on termination of interest rate swaps, and transaction costs. We believe that Core FFO is a useful metric for securities analysts, investors and other interested parties in the evaluation of our Company as it excludes from FFO the effect of certain amounts that we believe are non-recurring, are non-operating in nature as they relate to the manner in which we finance our operations, or transactions outside of the ordinary course of business.

Like any metric, Core FFO should not be used as the only measure of our performance because, in addition to excluding those items prescribed by NAREIT when calculating FFO, it excludes amounts incurred in connection with nonrecurring special projects, prepaying or defeasing our debt and repurchasing our preferred stock, all of which have real economic effect and could materially impact our operating results. Other REITs may not calculate Core FFO in the same manner as we do, or at all; accordingly, our Core FFO may not be comparable to the Core FFO of other REITs who calculate such a metric. Therefore, Core FFO should be considered only as a supplement to net income (loss) as a measure of our performance and should not be used as a supplement to or substitute measure for cash flows from operating activities computed in accordance with GAAP. Core FFO should not be used as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to pay dividends. The following table sets forth a reconciliation of net income (loss) attributable to common stockholders to Core FFO attributable to common stockholders for the three and six months ended June 30, 2024 and 2023.

		Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Numerator:
Net loss attributable to common stockholders \$	(9,667) \$	(23,815) \$	(21,962) \$	(36,530)
Depreciation and amortization	6,456	20,472	12,934	29,974
Noncontrolling interests' proportionate share of depreciation and amortization	(68)	(883)	(172)	(1,360)
Gain on sale of real estate	—	—	—	(1,104)
FFO attributable to common stockholders \$	(3,279) \$	(4,226) \$	(9,200) \$	(9,020)
Redeemable preferred stock redemptions	567	315	1,373	688
Redeemable preferred stock deemed dividends	428	—	428	—
Transaction-related costs	135	—	825	3,360
Noncontrolling interests' proportionate share of transaction-related costs	—	—	—	(194)
Core FFO attributable to common stockholders \$	(2,149) \$	(3,911) \$	(6,574) \$	(5,166)
Redeemable preferred stock dividends declared on dilutive shares (a)	—	—	—	—
\$ Diluted Core FFO attributable to common stockholders	(2,149) \$	(3,911) \$	(6,574) \$	(5,166)
Denominator:
Basic weighted average shares of common stock outstanding	22,738	22,707	22,738	22,707
Effect of dilutive securities-contingently issuable shares (a)	—	2	—	2
Diluted weighted average shares and common stock equivalents outstanding	22,738	22,709	22,738	22,709
Core FFO attributable to common stockholders per share:
\$ Basic	(0.09) \$	(0.17) \$	(0.29) \$	(0.23)
\$ Diluted	(0.09) \$	(0.17) \$	(0.29) \$	(0.23)

(a) For the three months ended June 30, 2024 and 2023, the effect of certain shares of redeemable preferred stock were excluded from the computation of diluted Core FFO attributable to common stockholders and the diluted weighted average shares and common stock equivalents outstanding as such inclusion would be anti-dilutive.

______________________

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Reconciliation of Net Operating Income (Unaudited and in thousands)

We internally evaluate the operating performance and financial results of our real estate segments based on segment NOI, which is defined as rental and other property income and expense reimbursements less property related expenses and excludes non-property income and expenses, interest expense, depreciation and amortization, corporate related general and administrative expenses, gain (loss) on sale of real estate, gain (loss) on early extinguishment of debt, impairment of real estate, transaction costs, and provision for income taxes. For our lending segment, we define segment NOI as interest income net of interest expense and general overhead expenses. We also evaluate the operating performance and financial results of our operating segments using cash basis NOI, or "cash NOI". For our real estate segments, we define cash NOI as segment NOI adjusted to exclude the effect of the straight lining of rents, acquired above/below market lease amortization and other adjustments required by GAAP.

Cash NOI is not a measure of operating results or cash flows from operating activities as measured by GAAP and should not be considered an alternative to income from continuing operations, or to cash flows as a measure of liquidity, or as an indication of our performance or of our ability to pay dividends. Companies may not calculate cash NOI in the same manner. We consider cash NOI to be a useful performance measure to investors and management because, when compared across periods, it reflects the revenues and expenses directly associated with owning and operating our properties and the impact to operations from trends in occupancy rates, rental rates and operating costs, providing a perspective not immediately apparent from income from continuing operations. Additionally, we believe that cash NOI is helpful to investors because it eliminates straight line rent and other non-cash adjustments to revenue and expenses.

Below is a reconciliation of cash NOI to segment NOI and net income (loss) attributable to the Company for the three months ended June 30, 2024 and 2023.

	Three Months Ended June 30, 2024
		Same-Store Office	Non-Same-Store Office	Total Office	Hotel	Multi-family	Lending		Total
Cash net operating income		8,535	1,349	9,884	4,320	2,252	743		17,199
Deferred rent and amortization of intangible assets, liabilities, and lease inducements		(976)	—	(976)	—	—	—		(976)
Segment net operating income	\$	7,559 \$	1,349 \$	8,908 \$	4,320 \$	2,252 \$	743 \$		16,223
Interest and other income									170
Asset management and other fees to related parties									(425)
Expense reimbursements to related parties—corporate									(612)
Interest expense									(8,346)
General and administrative									(983)
Transaction-related costs									(135)
Depreciation and amortization									(6,456)
Gain on sale of real estate									—
Loss before benefit for income taxes									(564)
Provision for income taxes									(288)
Net loss									(852)
Net loss attributable to noncontrolling interests									56
Net loss attributable to the Company								\$	(796)

Three Months Ended Ended June 30, 2023
----------------------------------------	--	--	--	--	--

	Same-Store Office		Total Office	Hotel	Multi-family	Lending	Total

Cash net operating income (loss)	7,206	(77)	7,129	4,114	613	524	12,380
Deferred rent and amortization of intangible assets, liabilities, and lease inducements	(290)	—	(290)	(1)	(91)	—	(382)
Segment net operating income (loss)	\$ 6,916 \$	(77) \$	6,839 \$	4,113 \$	522 \$	524 \$	11,998
Interest and other income							76
Asset management and other fees to related parties							(627)
Expense reimbursements to related parties—corporate							(677)
Interest expense							(7,394)
General and administrative							(1,106)
Transaction-related costs							—
Depreciation and amortization							(20,472)
Gain on sale of real estate							—
Income before benefit for income taxes							(18,202)
Provision for income taxes							(159)
Net income							(18,361)
Net income attributable to noncontrolling interests							1,002
Net income attributable to the Company							\$ (17,359)

INVESTOR PRESENTATION |August ²⁰²⁴

Free Writing Prospectus | Creative Media & Community Trust Corporation

Filed Pursuant to Rule 433 | Dated August 8, 2024 | Registration Statement No. 333-278628

Creative Media & Community Trust Corporation (formerial Trust Corporation) ("CMCT") has filed a registration statement (including a base prospectus) with the Secrities and Exchange Commission (the "SE") in respect of the communication relates. Before you participate in CMCT's offering of Series A1 Preferred Stock, you should read the base prospectus, dated August 8, 2024 (please note that CMCT's offerings of Series A Preferred Stock and Series D Preferred Stock have been terminated). Before making any offering, you should read the other documents CMCT has filed with the SEC for more complete information about CMCT and such offering. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. You may request to respect of either of the foregoing offerings by calling toll-free at 1-866-341-2653.

Note: All pages of the presentation must be important Disclosures on page 2 and sarding on page 37. See "Property Pictures" on page 37 under inportant Disclosures 2 vemediacommunity.com | ©2024 CMCT | CMCT Creative Media & Community Trust Corporation

Forward-looking Statements

The information set forth herein contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. These statements include the plans and objectives of management for future operations, including plans and objectives relating to future growth of our business and availability of funds.

Such forward-looking statements can be identified by the use of forwardlooking terminology such as "may," "will," "project," "target," "expect,"
"intend," "might," "believe," "anticipate," "estimate," "could," "would," "continue," "pursue," "potential," "forecast," "seek," "plan," "should," or "goal" or the negative thereof or other variations or similar words or phrases. Such forward-looking statements also include, among others, statements about CMCT's plans and objectives relating to future growth and outlook. Such forward-looking statements are based on particular assumptions that management of CMCT has made in light of its experience, as well as its perception of expected future developments and other factors that it believes are appropriate under the circumstances. Forward-looking statements are necessarily estimates reflecting the judgment of CMCT's management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include those associated with (i) the timing, form, and operational effects of CMCT's development activities, (ii) the ability of CMCT to raise in place rents to existing market rents and to maintain or increase occupancy levels, (iii) fluctuations in market rents, (iv) the effects of inflation and continuing higher interest rates on the operations and profitability of CMCT and (v) general economic, market and other conditions. Additional important factors that could cause CMCT's actual results to differ materially from CMCT's expectations are discussed in "Item 1A-Risk Factors" in CMCT's Annual Report on Form 10-K for the year ended December 31, 2023.

The forward-looking statements included herein are based on current expectations and there can be no assurance that these expectations will be attained. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult on impossible to predict accurately and many of which are beyond CMCT's control. Although we believe that the assumptions underlying the forwardlooking statements are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forwardlooking statements expressed or implied will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements expressed or implied herein, the inclusion of such information should not be regarded as a representation by CMCT or any other person that CMCT's objectives and plans will be achieved. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made. CMCT does not undertake to update them to reflect changes that occur after the date they are made, except as may be required by applicable laws.

CMCT

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CIM Group: Manager of CMCT

397

Real Assets

Owned and Operated

Corporate Offices Worldwide

CIM Group Management, LLC ("CIM") is a community-focused real estate and infrastructure owner, operator, lender and developer.

CIM Group owns ~45.7% of CMCT 1

1994

Established

Competitive Advantages

Diverse Team of in-house Professionals

Commitment to Community

Disciplined Approach

Key CIM Group Projects

432 Park Avenue | New York City
518,250 SF | For Sale Residential,
Ground Floor Retail

11 Madison | New York Cit 2.2M SF | Class A Office, Ground
Floor Retail, Storage

Employees

Sunset La Cienega | Los Angeles
384,500 SF | Hotel, For Sale Residential, Ground Floor Retail

551,000 SF | For Sale Residential,
Ground Floor Retail, Parking

The Independent | Austin
491,000 SF | For Sale Residential
Ground Floor Retail, Parking

Santa Monica Westgate | Los An 143,000 SF
Residential, Ground Floor Retail

Clik data a of March 3, 2024 / Assess verient inter Assess on et ones 1 topen y Kores on person in 1 Property P. (1) holdes alliation of CM and difers and diections ( CMC. A

\$28.6B

Assets

Owned and Operated

CMCT Creative Media & Community Trust Co

4 :

Creative Media & Community Trust Corporation

Recent Highlights

Improving multifamily net operating income

· Total multifamily occupancy increased to 92.5% at the end 2Q'24, compared to 79.3% at the end of 4Q'23 1

Additional progress on asset-light value-add and development pipeline

· 4750 Wilshire Boulevard partial office to multifamily conversion expected to be complete in 3Q'24
· Commenced construction on 1915 Park Avenue, a 36-unit multifamily building in Echo Park, Los Angeles (expected to be complete in third quarter of 2025)

Stable office occupancy and strong hotel performance

· Occupancy remained stable at 82.5% at 2Q'24, compared to 83.0% at 2Q'23
· Hotel net operating income increased 5% in 2Q'24 from 2Q'23; commenced room renovation at Sheraton Grand Hotel with expected completion expected around 2024 year-end

Goal of strengthening balance sheet and improving cash flow - evaluating:

· Asset sales
· Reducing recourse debt
· Reducing overall debt

CMCT

1) Includes 50% joint venture of 1902 Park Avenue in Echo Park, Los Angeles (75 units)

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CMCT: Strategy of Investing Ahead of the Curve

Strategy designed to benefit from the trend toward a more cohesive work/live lifestyle

Track record of identifying and investing in vibrant and emerging communities

Resources, market knowledge and relationships for smooth execution of transactions

Asset-light development approach and attractive pipeline of "next generation" properties

Access to capital to execute business plan

Designed to Benefit From Changing Lifestyles1

CMCT

Designed to Benefit From Changing Lifestyles1

CMCT

The pandemic accelerated the trend toward a more cohesive work/live lifestyle.

Key Office Trends

· Growing demand for "creative office"
· Desire for spaces that inspire employees
Emphasis on comfort, cool and "wow factor"
· Battle to recruit and retain top talent

g on page 37. See "Property Pictures" on page 37 under Important Discl

Designed to Benefit From Changing Lifestyles

Creative Office Statistics1

Creative office assets command a ~15% rent premium over traditional office space.

Creative office represents nearly 5% of national office inventory.

Industries demanding creative office space include technology, media, entertainment, design and fashion, in addition to more traditional business types like financial services.

1) Source: JLL US Creative Office Report – January 2023

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Assets in Vibrant and Emerging Sub-Markets1

CMCT

Assets in Vibrant and Emerging Sub-Markets

@sycamoredistrict

Case Study:

Sycamore Media District in Hollywood

Transformed into a flourishing, walkable urban locale

Home to leading media and entertainment companies such as SiriusXM, Roc Nation, Showtime, Ticketmaster/Live Nation, Oprah Winfrey Network, and Hyperobject Industries

"This Stylish Street in Hollywood is Becoming L.A.'s New City Center." -LAMAG

Core in-house capabilities include acquisition, credit analysis, development, financing, leasing, on-site property management and distribution

70% of investments sourced off-market1

CMCT Management

Shaul Kuba CMCT Chief Investment Officer and CMCT Board Member CIM Group Co-founder Head of CIM's Development Team and actively involved in nead of Cliff I Development, redevelopment and
the successful development, redevelopment and
repositioning of CIM's real estate assets around the U.S.

David Thompson СМСТ СЕО

CIM Group CFO and Principal 15 years of previous experience with Hilton Hotels Corporation, most recently as Senior Vice President and Controller

Barry Berlin СМСТ СFO

Serves in various finance and accounting roles within CIM
Group and is CEO, Chairman and CFO of CMCT's lending business

-market percentage based on invested equity across all CIM investments as of June 30, 2024.

Richard Ressler CIM Group Co-founder

CMCT Chairman of the Board

Chair of CIM's Executive, Investment, Allocation and Real Assets Management Committees

Founder of Orchard Capital Corp., OFS Capital Management (a full service provider of leveraged finance
solutions) and OCV Management (owner of technology
companies)
· Chairman of the Board of CIM Real Estate Finance Trust, Inc
Previously worked at Drexel Burnham Lambert, Inc. and began his career as an attorney with Cravath, Swaine
and Moore, LLP

Avi Shemesh

CIM Group Co-founder CMCT Board Member Responsible for CIM's long-term relationships with strategic institutions and oversees teams essential to

strategic institutions and oversees teams essential co
acquisitions, portfolio management and internal and
external communication

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Resources, Market-Knowledge and Relationships'

Class A & Creative Office Portfolio

3 Marca 2007 (comments 20 Million) 10 Million 2004) Minutes on more on more on more on marce or mused na muras or renes or renerger provincial processoria estable manus comm

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CMCT

Multifamily Portfiolio

Sub-Market	Units	% Occupied		Rent		Monthly Rent Per Occupied Unit


Jack London Distict	333	90.1 96	5	10,357	\$	2,877
Downtown	288	96 95.1		8,585		2,611
	621	92.4 %		18,942		2,750


						1,806
	75	93.3 %		1,517		1,806
	୧୦୧	92.5 %		20.459		2.647
	Echo Park	75	93.3 %	డి	(in thousands) 1,517	Annualized

Hotel & Parking Garage

Location / Property	Sub-Market	% Occupied 3	RevPAR
Sacramento, CA
Sheraton Grand Hotel	Downtown/Midtown	79.5 % \$	167.57
Sheraton Grand Hotel Parking Garage & Retail	Downtown/Midtown	68.9 %	NA

1) Repearly gross nothly base comments as of June 1, your chiles by met bere concessors.
21 Repearly goss comments as film 3, 2024, inited in the mount effects tol call coll

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1,500+ Multifamily Units in the Pipeline

Location	Sub-Market	Notes
4750 Wilshire Boulevard4	Mid-Wilshire	Multifamily: Converting 2 of 3 floors to residential (from office); Expected completion 3Q'24 (68 units)
1915 Park Avenue3	Echo Park, Los Angeles	Multifamily; Ground-up multifamily development; Expected completion 3Q 25 (36 units)
1015 N Mansfield Avenue	Hollywood	Creative Office®
3101 S. Western Avenue	Jefferson Park, Los Angeles	Multifamily
3022 S. Western Avenue	Jefferson Park, Los Angeles	Multifamily"
4750 Wilshire Boulevard (surface lot)	Mid-Wilshire	Multifamily
1021 & 1007 E 7th Street	East Austin	Multifamily
3601 South Congress (Penn Field)	Austin	Multifamily
8944 Lindblade Street, 8960 & 8966 Washington Boulevard °	West Los Angeles	Creative Office"
2 Kaiser Plaza	Oakland	Creative Office/Multifamily"
Sheraton Grand Parking Garage	Sacramento	Multifamily development over existing parking garage
466 Water Street	Jack London Square, Oakland	Multifamily'
F-3 Land site	Jack London Square, Oakland	Hotel

) As Can Man Allan Market Home Mark Mat La Person Coments of the billings Stocentes and Lucy Great Millonia, Peacer Millony Person Millonia, Personal, Maria, Mas de Santa Mar

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emediacommunity.com | 02024 CMCT | CMCT Creative Media & Community Trust Corporation

Asset-Light Approach Enhances ROI

CMCT may coinvest up to 80% of each project in order to enhance returns (through management fee and promote income) and mitigate risk (by reducing CMCT's investment per project)

CMCT Competitive Advantages

· Distribution
- · Access to 180 global institutional investors around the globe
· Development
- 。 Highly seasoned CIM Development team with 100+ team members with experience in urban planning, construction, design, architecture, engineering and project management

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Capital Structure Designed To Enhance Returns and Mitigate Risk

Preferred Stock Program

» Access to continuously offered preferred stock allows CMCT to enhance returns by executing on high return business plans while minimizing risks for common stockholders

Series A1

» Perpetual Preferred Stock
- · Series A1 coupon of 7.83% as of June 30, 2024'
  - Series A coupon of 5.5% (fixed rate)
  - Series D coupon of 5.65% (fixed rate)
» Series A1 is continuously offered bi-monthly issuance
» Investor option to redeem five years from issuance at stated value, plus accrued and unpaid dividends2
* Company option to call two years (Series A1) or five years (Series A and D) from issuance at stated value, plus accrued and unpaid dividends
» Redemption payable in cash or CMCT common stock, at election of CMCT; provided, however, that for any given share of Series A1 Preferred Stock, CMCT will not elect to pay such redemption amount in shares of Common Stock during the first full year following initial issuance of such share.

Historical Preferred Stock Issuance

(in millions)

1) bel be 9, 22, Se enning on 2, 2001 con estes f. scres A. seres Dretered at the expor of the next artement at the oping the hopen of the form on the form on the result of t

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CMCT | Property Summaries

Bay Area: Multifamily Acquisitions

Newer vintage, premier multifamily in high barrier to entry market

Channel House (Jack London Square)2

» Acquired in 1Q'23 for \$134.6 million, or \$404,000 per unit (333 total units)
» Conveniently located just steps to the ferry with direct access to San Francisco

1150 Clay Street (Downtown Oakland)

» Acquired in 1Q'23 for \$145.5 million, or \$505,000 per unit (288 total units)
» Conveniently located downtown and steps from the BART with easy access to San Francisco
Source: Costar based on East Bay and Downtown Oakland market (August 2024).
Please see Note 3 on page 36 ("Important Information Debt and Preferred Summ 2.

Oakland Market

Rental rates continue to be challenging as market rents declined in 2022, 2023 and 2024 1
Oakland had a wave of new Class A supply from 2018-2022 but vacancy has declined to 9.4% from a peak of 17.8% in 2Q'21
Limited future multifamily supply growth.1
· Under Construction as % of Inventory
- · SF 1.5%1
- · Oakland 2.3%
- Average of top 25 US markets 3.9%

ng on page 37. See "Property Pictures" on pa

1902 Park Avenue (Echo Park)

» Acquired in 1Q'23 for \$19.1 million, or \$255,000 per unit (50% joint venture) on an off-market basis
» Newer vintage asset that opened in 2011
» Echo Park is an emerging trendy submarket northwest of downtown LA; walkable area with dozens of dining and entertainment options
» Recent new leases executed at a significant premium to in-place rents
» 1 BR- \$2,100-\$2,250 (versus average in place of \$1,655)
» 2 BR \$2,700-\$2,750 (versus average in place of \$2,223)

4750 Wilshire Boulevard (Park Mile)

» Converting unleased space to multifamily
» Closed coinvestment in 1Q'23 whereby CMCT has been earning a management fee and may potentially earn a promote; CMCT's ownership declined to 20%
» Started conversion to multifamily in March 2023 with a total budget of approximately \$31.0 million (total costs of \$23.6 million had been incurred as of 2Q'24). Conversion expected to be complete in 3Q'24
» Centrally located in affluent Park Mile/Hancock Park surrounded by multimillion dollar single family homes
» Short drive time to Hollywood/West Hollywood (10 minutes), Beverly Hills/ Culver City/Downtown LA (20 minutes) and Santa Monica (30 minutes)

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Beverly Hills: Premier Located Class A Office & Retail CMCT

9460 Wilshire Boulevard (Beverly Hills)

» Prominent location in the prestigious Golden Triangle of Beverly Hills and adjacent to the Four Seasons Beverly Wilshire Hotel and Rodeo Drive
» In August 2022, signed 20 year, ~18,000 SF lease for a Rolls Royce showroom
» The previously underutilized retail space was occupied by a real estate brokerage firm and a financial advisor
» CMCT has originated or renewed leases with all current tenants since 2018 acquisition

Artistic renderings are for illustrative purposes only

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23, , , |

Austin: Stabilized Creative Office with Potential To Add Multifamily

Overview

CMCT acquired the 16-acre campus at 3601 S. Congress Ave in 2007 in an off-market transaction; in-place rents have increased more than threefold since the acquisition.

· The creative office campus attracts a diverse tenant mix including technology, media and entertainment companies

· CMCT is evaluating different development options, including adding one or more multifamily buildings to the creative office campus. As of June 30, 2024, this property was in pre-development phase, and the Company has not finalized the formal development plan for this property.

· In June 2022, the Austin City Council approved zoning changes that allow CMCT to add more density on this property.
· In July 2023, received approval of zone change for the property that was not previously zoned for multifamily the entire 16 acre campus is now zoned for multifamily.

1) Source Costar July 2021 Office Market Report

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A Compelling Growth Market

· No state income tax and diverse employment sources – government, education and tech
· Home to many large U.S. corporations including Amazon, Facebook, Apple, Cisco,
eBay, GM, Google, IBM, Intel, Oracle, Paypal, 3M and Whole Foods
Rapid market office rent growth (10 year
CAGR of 5.6%)
Population growth Five year forecast growth
rate of 2.0% (versus 0.5% in the U.S.)
Employment growth Ten year historical growth rate of 3.93% (versus 1.22% in the U.S.)

East Austin: Multifamily Development

A Dynamic Thriving Submarket

· The Property is located in the East Austin
The building is located on one of the main
thoroughfares of Austin, East 7th Street, and within 1.5 miles of seven existing CIM properties.
This corridor is among the most desirable locations for creative office space and residential in Austin as
it has numerous food and dining options within close proximity and provides direct access to both the Central Business District and Eastside.

Overview

» In November 2020, CMCT acquired 1021 E 7" Street for \$6.1 million on an off-market basis; in July 2022, CMCT
acquired 1007 E 7" Street, an adjacent property, for \$1.9
» In total, represented ~14,000 SF of office on a ~36,000 of contiguous land SF prime for development.
» In June 2023, received final entitlements allowing for construction of an 8-story multifamily building.
» CMCT is evaluating different development options, includings when the last lease
expires in 2025 and constructing a premier multifacily property. As of June 30, 2024, this

Note: All pages of the presentation must be viewed in conjunction with the Important Disclosures on page 37. See "Property Pictures on page 37 under Important Disclo

Echo Park: Office Value-Add & Ground-Up Multifamily CMCT

Overview

» CMCT and a CIM-managed separate account acquired 1910 W. Sunset Blvd and 1915 Park Avenue for approximately \$51 million in February 2022 (CMCT owns ~44%)
» 1910 W. Sunset is an approximately 100,000 SF creative office building; the 8-story building with floor-to-ceiling windows is the tallest in Echo Park, providing spectacular views in all directions
» Ability to create 13-foot ceiling heights on newly-renovated space
» Ideal location and product for entertainment and fashion tenants

» Began construction on 1915 Park Avenue - ground-up construction of 36 multifamily units with a total budget of \$19.3 million. As of June 30, 2024, there had been total costs incurred of \$3.9 million in connection with the project.

Note: All pages of the presentation must be viewed in conjunction with the Important Disclosures on page 37. See "Property Pictures

1) Source Costar; based on East Hollyw vood/Silver Lake submarket. Accessed May 2022.

A Dynamic Submarket

Echo Park is a trendy submarket northwest of downtown LA; walkable area with dozens of dining and entertainment options
· Located ~1 mile from Dodgers Stadium and adjacent to newly-renovated Echo Park Lake, which features walking paths, picnic areas, paddle boats and lotus flower gardens
Easy access to four major freeways (Hollywood, Pasadena, Glendale and Golden State Freeways); approximate 20 minute drive to Hollywood, Downtown LA, Pasadena and Burbank
Average 10-year annual office rent growth of 5.0%
· Average 10-year office vacancy of 6.7%1

Culver City: Potential Creative Office Development

A Dynamic Thriving Submarket

Well-located asset in the heart of Culver City
Home to several high-profile media and technology companies including Apple, Amazon, HBO and Sony
· Adjacent to the Metro Expo Line, offering easy access to both the Westside and Downtown LA

Overview

tistic renderings are for illustrative purposes only

» 8960 & 8666 Washington Boulevard: ~24,448 SF of creative office space
» Received final entitlement to re-develop 8960 & 8666 Washington Blvd. into 50,000 + square foot creative office
building. As of June 30, 2024, this property was in predevelopment phase, and the Company has not finalized
the formal development plan for this property.

8944 Lindblade Street: ~7,980 SF of commercial space currently used for broadcasting. Recently signed lease with existing tenant

Jefferson Park: Multifamily Development

An Emerging Submarket

Jefferson Park is home to a variety of residential buildings, shops, restaurants and offices
Adjacent to West Adams neighborhood where CIM has renovated and developed dozens of apartments, restaurants and retail spaces since 2016
· Convenient access to the 10 and 110 freeways
1.5 miles from the University of Southern California and 5.5 miles from downtown Culver City, home to several premier technology and entertainment companies

Overview

» In 1Q'22, CMCT acquired 3101 S. Western, which is located on a ~11,300 SF land site for \$2.3 million
» CMCT is considering developing approximately 40 residential units. As of June 30, 2024, this property was in pre-development phase, and the Company has not finalized the formal development plan for this property.
» In 2Q'22, CMCT acquired 3022 S. Western, which is located on a ~28,300 SF land site for \$5.6 million
» CMCT is considering developing 119 residential units. As of June 30, 2024, this property was in pre-development phase, and the Company has not finalized the formal development plan for this property.

Note: All pages of the presentation must be res on page 2 and 3 and starting on page 37. See "Property Pictures" on page 37 under Important Disclosures. ediacommunity.com | ©2024 CMCT | CMCT Creative Media & Community Trust Corporation

Oakland: Multifamily Development

An Emerging Submarket

・ 2 Kaiser Plaza is well located in the heart of Lake Merritt and just a six-minute walk from the BART, offering direct access to San Francisco
· Oakland has numerous local dining options and has emerged as a "cool" place to live and work.

Overview

» CMCT acquired 2 Kaiser Plaza in 2015; the property is currently utilized as surface parking
» CMCT submitted a request to entitle 2 Kaiser Plaza for multifamily, as it is currently entitled for office but can be developed as multifamily by right. CMCT believes that the entitlement will create incremental value for the land near term
» Current plans contemplate 596 units. As of March 31, 2024, this property was in pre-development phase, and the Company has not finalized the formal development plan for this property.

Note: All pages of the presentation must be important Discosures on page 2 and 3 and starting on page 37. See "Property Pictures" on page 37 under important Discosures ediacommunity.com | ©2024 CMCT | CMCT Creative Media & Community Trust Corporation

Appendix

Note: All pages of the wed In conjunction with the Important Disclosures on page 37. See "Property Pictures" on page 37 under Important Disclosur unity.com | ©2024 CMCT | CMCT Creative Media & Community Trust Corporation

CIM is committed to incorporating Environmental, Social and Governance (ESG) criteria into its business strategies and day-today operations while supporting its tenants, employees and communities in these initiatives.1

Sustainable & Environmental Initiatives

» For more than 25 years, CIM has developed and operated sustainable infrastructure needed to support growing communities. Key projects include renewable energy, water storage and wasteto-value initiatives.
» CIM is a member of the Principles for Responsible Investment (PRI), a GRESB assessment participant and a partner in the EPA's Energy Star® program, with several LEED certified buildings. Additionally, CIM uses Energy Star® consumption tracking at more than 100 properties.
» CIM's water storage solution improves water supply sustainability, while its waste-to-value solution produces an alternative to petroleum-based products, cuts carbon emission and frees up landfills.

ESG Committee

» Comprised of leaders from across the organization, CIM's ESG committee supports and elevates CIM's sustainability efforts. The committee authored CIM's formal ESG policy, which details the organization's continued commitment to incorporate ESG best practices into each new project and ongoing.

CIMpact

» CIMpact coordinates grassroots initiatives and partners with regional and national non-profit organizations to further CIM's positive impact in communities.
» Through CIMpact, we support and encourage corporate and employee-led voluntary community service activities on both local and national levels.

Diversity, Equity & Inclusion Council

» Through employee education and reporting, as well as community outreach, the Diversity & Inclusion Council plays a crucial role in CIM's effort to encourage employees to honor and celebrate diversity in relationships with each other and all those we serve.

1) While Climan (sider ES factors when nation) in Evel one pursue an ES-based investment stategy of mill the investments to bose hat meet specific ES criteria Al pages of the presentation must be viewed in conjunt Disclosures on page 2 and 3 and 3 and 3 and 3 and 3 and 3 included on page 37 inder inportant Disclosures

CIM Group Commitment to CMCT CIM Group owns ~45.7% of CMCT

common stock

Management and Corporate Governance

CMCT's Board includes CIM Group's three co-founders (Richard Ressler, Avi Shemesh, and Shaul Kuba)

Strong Market Knowledge and Sourcing

CMCT benefits from CIM Group's identification of Qualified Communities, sourcing capabilities and access to resources of vertically integrated platform

Management Agreement/Master Services Agreement Fees

» 1% of net asset value

» Reimbursement of shared services
» Income incentive fee is 20% of CMCT's quarterly core funds from operations in excess of a quarterly threshold equal to 1.75% (i.e., 7% on an annualized basis) of CMCT's average adjusted common stockholders' equity, subject to catchup2
» 15% of cumulative aggregate realized capital gains net of aggregate realized capital losses minus the aggregate capital gains fees paid in prior periods. Realized capital gains and realized capital losses are calculated by subtracting from the sales price of a property (a) any costs and expenses incurred to sell such property and (b) the property's original acquisition price, plus any subsequent, non-reimbursed capital improvements thereon paid for by СМСТ.

CMCT

at cost (accounting, tax, reporting,
etc.) » Perpetual term

1) hodes all lines and direct on Chiles, 2022 201 ho incentive te will be payel notic the excess cor FO \$ 0,000 of any encess core Fou por excessor FO por excessore Fou p 437

Note: Al page of the presentation must be important Dictosures on page 2 and 3 and stating on page 37. See "Property Pictures" on page 37 under Important Disclosures w.creativemediacommunity.com | ©2024 CMCT | CMCT Creative Media & Community Trust Corporation

Key Metrics

Top Five Tenants (June 30, 2024)

Tenant	Property	Lease Expiration		Annualized Rent (in thousands)	% of Annualized Rent	Rentable Square Feet	% of Rentable Square Feet
Kaiser Foundation Health Plan, Inc.	1 Kaiser Plaza	2024, 2025, 2027	44	18,962	29.5 %	366,777	27.7 %
U.S. Bank, N.A.	9460 Wilshire Boulevard	2029		4,167	6.5 %	27,569	2.1 %
3 Arts Entertainment, Inc.	9460 Wilshire Boulevard	2026		2,928	4.5 %	27,112	2.0 %
F45 Training Holdings, Inc.	3601 S Congress Avenue	2030		2,418	3.8 %	44,171	3.3 %
Westwood One, Inc.	Lindblade Media Center	2025, 2035		2.136	3.3 %	32,428	2.4 %
Total for Top Five Tenants				30,611	47.6 %	498,057	37.5 %
All Other Tenants				33,756	52.4 %	595,633	45.0 %
Vacant					96 -	232,383	17.5 %
Total Office				64,367	100.0 %	1,326,073	100.0 %

Lease Expirations as a % of Annualized Office Rent (As of June 30, 2024)

40.0%

	Three Months Ended		Six Months Ended
(Unaudited and in thousands)		June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Net loss attributable to common stockholders	ಳಿಗ	(9,667)	ਟੇ	(23,815)	ਟੇ	(21,962)	ਟੇ	(36,530)
Depreciation and amortization		6,456		20,472		12,934		29,974
Noncontrolling interests' proportionate share of depreciation and amortization		(68)		(883)		(172)		(1,360)
Gain on sale of real estate								(1,104)
FFO attributable to common stockholders	\$	(3,279)	ਣ	(4,226)	ಕ	(9,200)	રે	(9,020)
Straight-line rent and straight-line lease termination fees		28		403		2		1,147
Amortization of lease inducements		87		87		174		174
Amortization of above and below market leases		(1)		(Sa)		(3)		(92)
Amortization of premiums and discounts on debt		24		19		10		18
Amortization and accretion on loans receivable, net		(84)		(96)		(92)		(195)
Amortization of deferred debt origination costs		509		630		1,133		1,025
Unrealized premium adjustment		116		255		312		520
Unrealized loss (gain) included in income from unconsolidated entities		(890)		557		(577)		(284)
Deferred income taxes		18		42		31		31
Non-cash compensation		55		37		110		92
Redeemable preferred stock redemptions		567		315		1,373		688
Redeemable preferred stock deemed dividends		428				428
Transaction-related costs		135				825		3,360
Noncontrolling interests' proportionate share of transaction-related costs								(194)
Recurring capital expenditures, tenant improvements, and leasing commissions	் த	(1,488)	\$	(1,155)	\$	(2,867)	A	(2,846)
AFFO attributable to common stockholders		(3,775)	ಕಿ	(3,191)	ಕಿ	(8,341)	ಕ	(5,576)

1) Non-GAAP Financial Measure. Please refer to explanations at slide 38.

Note: All pages of the presentation must be important Disclosures on page 2 and 3 and starting on page 37. See "Property Pictures" on page 37 under important Disclosures

Capital Structure Designed to Enhance Returns and Mitigate Risk

Debt & Preferred Summary (June 30, 2024)1

Mortgage Payable	Interest structure (fixed/variable etc.)	Interest Rate	Maturity/ Expiration Date	Loan balance (in millions)
Fixed rate mortgage payable 2	Fixed	4.14% - 6.25%	6/7/2024 7/1/2026	44	163.7
Variable rate mortgages payable 3	Variable	SOFR + 3.36%	7/7/2025	\$	87.0
Total Mortgage Payable				\$	250.7
Other Debt
SBA 7(a) Loan-Backed Notes "	Variable	SOFR + 2.90%	3/20/2043	5	35.0
Total Other Debt				5	35.0
Corporate Debt
2022 Revolving Credit Facility 3	Variable	SOFR + 2.60%	12/14/2025	A	173.2
Junior Subordinated Notes	Variable	SOFR + 3.51%	3/30/2035	\$	27.1
Total Corporate Debt				S	200.3
Total Debt				\$	486.0

Interest structure
(fixed/variable etc.) Coupon

7.83%

5.50%

5.65%

Variable6

Fixed

Fixed Debt vs. Floating Debt (June 30, 2024)

See "Important Information - Debt and Preferred Summary" on page 36.
*45% of floating rate debt is subject to interest rate caps

Preferred Stock

Total Preferred Stock

Total Debt + Preferred Stock

Series A1

Series A

Series D

Note: Al page of the presentation must be important Dictosures on page 2 and 3 and starting on page 37. See "Property Pictures" on page 37 uner Important Disclosures

Maturity/
Expiration

N/A

Outstanding
(in millions)

288.5 °

168.9

458.6

944.6

1.2 8

Important Information - Debt and Preferred Summary CMCT

Excludes: (a) \$2.4 million of secured borrowings government guaranteed loans, which repr
sold loans that are treated borrowings because the loan sales did not meet the
p repre
The Company's fixed rate morts are secured by a deed of trust on the propettes
moders such ages and assignments of reserver, and more enterners and more enterne
with ayes
The Company's variable rate mortgage payable is secured by a deed of trust on the property and
assignment of receivable. As of June 30, 2024, the Company's variable rate mo 3.

The Company best he company and the more in market in manyas in minister.
Pennsional company and the more of the more of the more contractive in contractive in the proventive

ﻣﻦ ﺍﻟﻤﻴﻦ ﺍ 2023. be Company compensed and onlines are compress of corained on organization of corainer
nonection we receised of annomics and ministration of more and more on of certain of
(a) loan-backed collateralized loans are received.
na centre a oza de company and in a comments on mineraling met organizat mina mer 2022
metro correling asono as a corver compressor compressor comments and construction com aggregate unused commitments. The 2022 credit facility is guaranteed by the Company and the
Company is subject to certain financial maintenance covenants.

The 2022 credit facility matures in December 2025 and provides for two one-year extension options under certain conditions, including providing notice of the election and paying an extension fee of
0.15% of each lender's commitment being extended on the effective date of

As of June 30, 2024 and December 31, 2023, \$0 and \$53.0 million, respectively, was available for future borrowings

As of each of March 31, 2024 and June 30, 2024, the Company was not in compliance with a financial
covenant under the 2022 credit facility. Such non-compliance constituted an ﻛﺎﻧﺖ ﺍﻟﻤﺎﺿﻲ ﺍﻟﻤﺮﺍﻛﺰ ﺍﻟﻤﺮﺍﺳﻊ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﺴﻴﺎﺳﻴﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺘﻮﻯ.
ﺍﻟﻤﺘﺎﺑﻌﺔ ﺍﻟﻤﺘﺎﺳﻊ ﺍﻟﻤﺘﻮﺳﻂ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺘ

ﺍﻟﺴﻴﻨﻴﻦ ﻣﺴﺘﻨﺪﻳﻦ ﺍﻟﻤﺪﻳﻨﺔ ﺍﻟﻤﺴﺎﻋﺪﺓ ﺍﻟﻤﺴﺎﻋﺪ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﻤﺴﺘﻘﻠﺔ ﺍﻟﻤﺮﺍﺳﻴﺔ ﺍﻟﻤﺮﺍﺳﻴﺔ ﺍﻟﻤﺮﺍﺳﻴﺔ ﺍﻟﻤﺮﺍﺳﻴﺔ ﺍﻟﻤﺮﺍﺳﻴﺔ ﺍﻟﻤﺮﺍﺳﻴﺔ ﺍﻟﻤﺮﺍﺳﻴﺔ ﺍﻟﻤﺮﺍﺳﻢ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤ

Outsagog, Series A Preferred Stock represents total se blues of associety of er share.
Processor of Comor Port Alabalat Pressent of Children Comments of Chical Chical Chical 6 2.5% up to a maximum of 2.5% of the Series A1 Preferred Stock Stated Value per quarter.
Outstanding Series A Prefered Stock represents total shares issued as of June 30, 2024 of 8,820,338,
less redemptions of 2,065,479 shares, multiplied by the stated waller.
Outstanding Series D Preferred Stock represents total shares is tune 30, 2024 of 56,857, less
redemptions of 8,410, multiplied by the stated value of \$25.00 per share. Gros

Note: Al pages of the presentation must be important Discosures on page 2 and 3 and stating on page 37. See "Property Pictures" on page 37 under important Discioures

Important Disclosures

Annualized Rent. represents gross monthly base rent, or gross monthly contractual rent under parking and retail leases, multiplied by 12. This amount reflects total cash rent before abatements. Where applicable,
annualized rent has been grossed up by adding annualized expense reimbursements to base rent. Annualized rent for certain office properties includes rent attributable to retail.

Assets Owned and Operated (AOO), represents the aggregate assets
owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and co-investors, whether or not CIM has discretion, in each case without duplication.

Property Pictures. The property/properties shown may not be representative of all transactions of a given type or of investments generally, may represent an investment/investments that performed better than other investments made by CIM-funds, is not necessarily indicative of the performance of all such investments by CIM-funds and is intended solely to be illustrative of the types of investments that may be made by CMCT. There can be no assurance similar investment opportunities will be available to CMCT or that CMCT will generate similar returns.

Logos. CIM Group is not affiliated with, associated with, or a sponsor of any of the tenants pictured or mentioned. The names, logos, and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies. The trade names shown are reflective of the tenants in properties owned by CMCT. Corporate tenants may also occupy numerous properties that are not owned by CMCT. CMCT is not affiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor of the tenants or of their products on services pictured or mentioned. The names, logos and all related product and service names, design marks and slogans are the trademarks or service marks of their respective companies.

DISCLAIMERS. The results that an investor will realize will depend, to a significant degree, on the assets actually purchased by CMCT from time to time and the actual performance of such assets, which may be impacted by economic and market factors. The actual performance of CMCT will be subject to a variety of risks and uncertainties, including those on page 3. In no circumstance should the hypothetical returns be regarded as a representation, warranty or prediction that a specific investment or group of investments will reflect any particular performance or that it will achieve or is likely to achieve any particular result or that investors will be able to avoid losses, including total loss of their investments. Inherent in any investment is the potential for loss. There can be no assurance that CMCT will achieve comparable results, that the returns sought will be achieved or that CMCT will be able to execute its proposed strategy. Actual realized returns on investments may differ materially from any return indicated herein.

Note: Al pages of the presentation must be important Disclosures on page 2 and stating on page 37. See "Propery Pictures" on page 37 under Inportant Disclosures

treativemediacommunity.com | CMCT Creative Media & Community Trust Corporation

Important Disclosures

Capital Returned to Shareholders. The amounts of regular and special cash dividends per share are based on the number of shares outstanding as of the applicable record dates. All amounts have been adjusted to give
retroactive effect to the reverse stock split that occurred in 2019. Past performance is not indicative of future results. CMCT is the product of a
merger (the "Merger") between a subsidiary of CIM Urban REIT, LLC ("ClM REIT"), a fund operated by CIM Group, and PMC Commercial Trust ("PMC"), a
publicly traded mortgage real estate investment trust, consummated in Q1 2014. Represents dividends paid on our common stock from January 1, 2014 through September 30, 2020. Excludes a special dividend paid to PMC Commercial Trust's stockholders in connection with the Merger, but includes 2014 dividends received by CIM REIT stockholders prior to the
Merger and dividends on convertible preferred stock received by Urban Partners II, LLC, an affiliate of CIM REIT and CIM Group, on an as converted basis, in the Merger. The per share equivalent in proceeds from CMCT's June 2016 tender offer is \$6.45, calculated by dividing \$210,000,000, the amount used by CMCT to purchase shares of common stock of CMCT in the tender offer, by 32,558,732, the number of shares of common stock
outstanding immediately prior to such tender offer, as adjusted to give retroactive effect to the reverse stock split that occurred in 2019.

Adjusted Funds From Operations (AFFO). AFFO is a non-GAAP, nonstandardized measure which is widely reported by RES . Other REFT , nay AFFO may not be comparable to the AFFO of other REITs. CMCT calculates AFFO by (a) eliminating the impact on FFO of (i) straight-line rent faciled in
AFFO by (a) eliminating the impact on FFO of (i) straight-line rent faciled of above and below market leases (including ground leases); (iv) amortization
of above and below market debt, loan premiums and discunstion of alsountion of elis ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺮﺍﺟﻊ ﺍﻟﺴﻮﺩﺍﺕ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺴﺘﻮﻳﺔ ﺍﻟﻤﺮﺍﺳﻊ ﺍﻟﻘﺮﻥ ﺍﻟﻤﺮﺍﺳﻊ.
ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺘﻘﺒﺔ ﺍﻟﻤﺎﺿﻴﺔ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺘﻮﺳﻂ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤﺴﺎﺣﺔ ﺍﻟﺴﻴﺎﺳﻴﺔ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤ is able to provide a meaningful forecast of the comparable GAAP measures
or reconciliation to any forecasted GAAP measure without unreasonable effort.

AFFO is not intended to represent cash flow but may provide additional
perspective on CMCT's operating results and our ability to fund cash needs and pay dividends. AFFO should only be considered as a supplement to net
income. See page 34 for a reconciliation of AFFO to net loss attributable to
common stockholders.

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AI Terminal

Creative Media & Community Trust Corporation

6737_rns_2024-08-11_c198fe44-9cb0-40c1-ab4d-9be130d35fe6.pdf

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

FORM 8-K

CURRENT REPORT

Item 2.02 Results of Operations and Financial Condition

Item 7.01. Regulation FD Disclosure

Item 9.01 Financial Statements and Exhibits.

SIGNATURE

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION

Creative Media & Community Trust Corporation Reports 2024 Second Quarter Results

Second Quarter 2024 Highlights

Real Estate Portfolio

Financial Results

Management Commentary

First Quarter 2024 Results

Real Estate Portfolio

Financial Results

Segment Information

Office Same-Store

Total

Hotel

Multifamily

Lending

Debt and Equity

Dividends

About the Data

FORWARD-LOOKING STATEMENTS

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited and in thousands, except share and per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited and in thousands, except per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Core Funds from Operations Attributable to Common Stockholders (Unaudited and in thousands, except per share amounts)

CREATIVE MEDIA & COMMUNITY TRUST CORPORATION AND SUBSIDIARIES Reconciliation of Net Operating Income (Unaudited and in thousands)

Forward-looking Statements

CIM Group: Manager of CMCT

Corporate Offices Worldwide

Creative Media & Community Trust Corporation

Recent Highlights

Improving multifamily net operating income

Additional progress on asset-light value-add and development pipeline

Stable office occupancy and strong hotel performance

Goal of strengthening balance sheet and improving cash flow - evaluating:

CMCT: Strategy of Investing Ahead of the Curve

Designed to Benefit From Changing Lifestyles1

CMCT

Designed to Benefit From Changing Lifestyles1

CMCT

Key Office Trends

Designed to Benefit From Changing Lifestyles

Creative Office Statistics1

Assets in Vibrant and Emerging Sub-Markets1

CMCT

Assets in Vibrant and Emerging Sub-Markets

Case Study:

70% of investments sourced off-market1

CMCT Management

Barry Berlin СМСТ СFO

Richard Ressler CIM Group Co-founder

Avi Shemesh

Resources, Market-Knowledge and Relationships'

Class A & Creative Office Portfolio

Multifamily Portfiolio

Hotel & Parking Garage

1,500+ Multifamily Units in the Pipeline

Asset-Light Approach Enhances ROI

CMCT Competitive Advantages

Capital Structure Designed To Enhance Returns and Mitigate Risk

Preferred Stock Program

Series A1

CMCT | Property Summaries

Bay Area: Multifamily Acquisitions

Newer vintage, premier multifamily in high barrier to entry market

Channel House (Jack London Square)2

1150 Clay Street (Downtown Oakland)

Oakland Market

1902 Park Avenue (Echo Park)

4750 Wilshire Boulevard (Park Mile)

Beverly Hills: Premier Located Class A Office & Retail CMCT

9460 Wilshire Boulevard (Beverly Hills)