Claros Mortgage Trust, Inc. (CMTG) Tops Q3 EPS by 5c
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Claros Mortgage Trust, Inc. Reports Third Quarter 2023 Results
October 31, 2023 4:29 PM EDTNEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (the Company or CMTG) today reported its financial results for the quarter ended September 30, 2023. The Companys third quarter 2023 GAAP net loss was ($68.9 million), or ($0.50) per diluted share of common stock. Distributable Loss (a non-GAAP financial measure defined below) was ($22.8 million), or ($0.16) per diluted share of common stock. Distributable Earnings prior to realized gain and principal charge-off was $49.6 million, or $0.35 per diluted share of common stock.
Third Quarter 2023 Highlights
$7.1 billion loan portfolio with a weighted average all-in yield of... More