Claros Mortgage Trust, Inc. (CMTG) Misses Q3 EPS by 27c

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Go back to Claros Mortgage Trust, Inc. (CMTG) Misses Q3 EPS by 27c

Claros Mortgage Trust, Inc. Reports Third Quarter 2024 Results

November 7, 2024 4:28 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, 2024. The Companys third quarter 2024 GAAP net loss was $56.2 million, or $0.40 per share. Distributable Loss (a non-GAAP financial measure defined below) was $24.6 million, or $0.17 per share. Distributable Earnings prior to realized losses was $31.0 million, or $0.22 per share.

Third Quarter 2024 Highlights

$6.3 billion loan portfolio with a weighted average all-in yield of 8.4%. Received loan repayments of $374 million, including the full repayment of four loans with $354... More