Claros Mortgage Trust, Inc. (CMTG) Misses Q4 EPS by 1c

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Go back to Claros Mortgage Trust, Inc. (CMTG) Misses Q4 EPS by 1c

Claros Mortgage Trust, Inc. Reports Fourth Quarter and Full Year 2023 Results

February 20, 2024 4:26 PM EST

NEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (the Company or CMTG) today reported its financial results for the quarter and year ended December 31, 2023. The Company reported GAAP net income of $34.0 million and $6.0 million, or $0.24 and $0.02 per diluted share of common stock, for the quarter and year ended December 31, 2023, respectively. Distributable Earnings (a non-GAAP financial measure defined below) were $36.9 million and $39.9 million, or $0.26 and $0.28 per diluted share, for the quarter and year ended December 31, 2023, respectively. Distributable Earnings prior to realized gains and principal charge-offs were $44.4 million and $184.5 million, or $0.31 and $1.31 per... More