Claros Mortgage Trust, Inc. (CMTG) Reports In-Line Q2 EPS
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Claros Mortgage Trust, Inc. Reports Second Quarter 2023 Results
August 1, 2023 5:00 PM EDTNEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (the Company or CMTG) today reported its financial results for the quarter ended June 30, 2023. The Companys second quarter 2023 GAAP net income was $4.3 million, or $0.02 per diluted share of common stock. Distributable Earnings (a non-GAAP financial measure defined below), prior to realized gain and principal charge-off, was $50.3 million, or $0.35 per diluted share of common stock. Distributable Loss was ($14.5 million), or ($0.10) per diluted share of common stock.
Second Quarter 2023 Highlights
Current loan portfolio: $7.5 billion portfolio with a weighted... More