Claros Mortgage Trust, Inc. (CMTG) Misses Q3 EPS by 1c

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Go back to Claros Mortgage Trust, Inc. (CMTG) Misses Q3 EPS by 1c

Claros Mortgage Trust, Inc. Reports Third Quarter 2022 Results

November 9, 2022 4:35 PM EST

NEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (the Company or CMTG) today reported its financial results for the quarter ended September 30, 2022. The Companys third quarter 2022 GAAP net income was $42.1 million, or $0.30 per diluted share of common stock, and Distributable Earnings (a non-GAAP financial measure defined below) was $47.1 million, or $0.33 per diluted share of common stock.

Third Quarter 2022 Highlights

Originated approximately $878 million of total loan commitments across six investments, of which $614 million was funded at closing. New originations had a weighted average coupon of SOFR + 5.3% and a weighted... More