Claros Mortgage Trust, Inc. (CMTG) Misses Q1 EPS by 10c
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Claros Mortgage Trust, Inc. Reports First Quarter 2022 Results
May 10, 2022 4:55 PM EDTNEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (the Company or CMTG) today reported its financial results for the quarter ended March 31, 2022. The Companys first quarter 2022 GAAP net income was $29.4 million, or $0.21 per diluted share of common stock, and Net Distributable Earnings (a non-GAAP financial measure defined below) was $33.5 million, or $0.24 per diluted share of common stock.
First Quarter 2022 Highlights
Significant loan origination activity, originating $1.2 billion of total loan commitments across 14 investments, of which $685 million was funded at closing Funded approximately $141 million of follow-on fundings... More