CMTG
Claros Mortgage Trust, Inc.3.3900
-0.0900-2.59%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
475.34MP/E (TTM)
-Basic EPS (TTM)
-2.65Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Q2 net loss amid resolutions
Claros Mortgage Trust reported a Q2 2025 GAAP net loss of $181.7 million, or $1.30 per share, driven by $189.5 million in CECL provisions amid $1.0 billion in loan resolutions, including foreclosures on multifamily watchlist assets. Yet liquidity doubled to $323 million by August 5, with leverage dropping to 2.0x net debt/equity. Resolutions outpace prior years. Watchlist loans persist.
10-Q
Q2 FY2025 results
Claros Mortgage Trust's Q2 FY2025 results showed net interest income dipping to $26.1M from $41.9M y/y, while total net revenue held at $51.6M versus $64.5M last year, buoyed by $25.5M from real estate owned amid higher hotel occupancy. The portfolio shrank to $5.0B in carrying value from $6.1B at year-end, with non-accrual loans climbing to 24% from 15%, driving a hefty $189.5M provision for credit losses that fueled a $181.7M net loss, up sharply from $11.6M y/y—diluted EPS fell to $(1.30) from $(0.09), aligning with 140.1M weighted shares. Liquidity strengthened with $209.2M in cash, down from $4.9B total debt to $4.0B, yielding a 2.2x net debt-to-equity ratio; foreclosures added two multifamily assets at $122.2M fair value, but no synergies disclosed. No non-GAAP metrics beyond distributable loss of $110.1M were reconciled in the 10-Q. Yet competition in transitional CRE lending sharpens.
8-K
Foreclosure on Texas multifamily assets
Claros Mortgage Trust's subsidiary foreclosed on two Texas multifamily properties on July 1, 2025, securing collateral from a non-accrual senior loan previously carried at $118.1 million net of reserves. This move shifts the REIT from loan exposure to direct property ownership amid the borrower's default. Financial statements for the acquisition will follow in an amended filing. Risks linger from the loan's prior risk rating.
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