Page 1

Exhibit 99.1 CMCT . Creative Media & Community Trust Corporation Reports 2026 Second Quarter Results Los Angeles ( August 14 , 2026 ) Creative Media & Community Trust Corporation ( NASDAQ : CMCT ) ( “ we ” , “ our ” , “ CMCT ” , or the " Company " ) today reported operating results for the three months ended June 30 , 2026 . On March 26 , 2026 , the Company effected a 1 - for - 10 reverse stock split on the Company's Common Stock , par value $ 0.001 per share ( the " Common Stock ” ) , and on April 20 , 2026 , the Company effected a 1 - for - 10 reverse stock split on its Common Stock . All of the share and per · share amounts in this release have been adjusted to give retroactive effect to the reverse stock splits ( collectively , the “ Reverse Stock Splits " ) . Second Quarter 2026 Highlights Real Estate Portfolio • CMCT's office portfolio was 72.3 % leased as of June 30 , 2026 ( 84.4 % leased as of June 30 , 2026 compared to 79.7 % leased as of June 30 , 2025 , when excluding our one Oakland office building ( the " Oakland Office Building " ) ) . • Executed 16,176 square feet of leases with terms longer than 12 months . • CMCT's same - store multifamily portfolio occupancy was 95.3 % as of June 30 , 2026 , representing a 1,190 basis point improvement from the second quarter of 2025 . Financial Results • • • Net loss attributable to common stockholders of $ ( 11.0 ) million , or $ ( 4.03 ) per diluted share . Funds from operations attributable to common stockholders ( " FFO " ) ( 3 ) 1 was $ ( 3.5 ) million , or $ ( 1.28 ) per diluted share . Core FFO attributable to common stockholders ( " Core FFO " ) ( 4 ) ¹ was $ ( 3.4 ) million , or $ ( 1.25 ) per diluted share . Undepreciated common book value ( 10 ) 1 was $ 130.58 per share of Common Stock . Management Commentary Operating trends continue to improve across the multifamily portfolio , the Los Angeles and Austin office assets and the Company's one hotel , and we continue to evaluate the potential sale of one or more of our real estate assets . Total segment net operating income decreased ( 5.2 ) % to $ 9.3 million for the three months ended June 30 , 2026 , compared to $ 9.8 million for the same period in 2025. However , total segment net operating income , exclusive of loss from unconsolidated entities ( “ NOI , exclusive of loss from unconsolidated entities ” ) ( 11 ) ¹ , increased 22.2 % to $ 12.5 million for the three months ended June 30 , 2026 , compared to $ 10.3 million for the same period in 2025 , as this measure excludes the impact of real estate valuation adjustments recognized by the Company's unconsolidated entities during the period . Operating Trends Multifamily 78 % of CMCT's multifamily portfolio ( based on the number of units ) is in the Bay Area , where the residential market is rapidly improving . CMCT's same - store multifamily occupancy was 95.3 % as of June 30 , 2026 , representing a 1,190 basis point improvement from the second quarter of 2025 . In - place rents at CMCT's Bay Area multifamily assets are approximately 12 % below current asking rents , providing an opportunity to grow net operating income as new leases are increased to market . Office In the office segment , excluding the Oakland Office Building , the leased percentage was 84.4 % as of June 30 , 2026 , representing a 470 basis point improvement from the second quarter of 2025 . ¹Non - GAAP financial measure . Refer to the explanations and reconciliations elsewhere in this release . 1