Claros Mortgage Trust, Inc. (CMTG) Misses Q1 EPS by 32c
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Claros Mortgage Trust, Inc. Reports First Quarter 2024 Results
May 6, 2024 4:23 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, 2024. The Companys first quarter 2024 GAAP net loss was ($52.8 million), or ($0.39) per diluted share. Distributable Loss (a non-GAAP financial measure defined below) was ($16.8 million), or ($0.12) per diluted share. Distributable Earnings prior to realized losses was $27.7 million, or $0.20 per diluted share.
First Quarter 2024 Highlights
$6.7 billion loan portfolio with a weighted average all-in yield of 9.1%. Funded approximately $143 million of follow-on fundings related to the existing loan... More