Earnings summaries and quarterly performance for Claros Mortgage Trust.
Executive leadership at Claros Mortgage Trust.
Board of directors at Claros Mortgage Trust.
Research analysts who have asked questions during Claros Mortgage Trust earnings calls.
Douglas Harter
UBS
4 questions for CMTG
Also covers: ACRE, ACT, AGNC +42 more
Jade Rahmani
Keefe, Bruyette & Woods
4 questions for CMTG
Also covers: ABR, ACRE, AMH +22 more
Richard Shane
JPMorgan Chase & Co.
4 questions for CMTG
Also covers: ABR, ACRE, ACT +19 more
Christopher Muller
Citizens JMP
1 question for CMTG
Also covers: ACR, ACRE, AFCG +8 more
John Nickodemus
BTIG
1 question for CMTG
Also covers: ARI, BRSP, KREF +2 more
Steven Delaney
Citizens JMP Capital
1 question for CMTG
Also covers: ABR, ACRE, ARI +12 more
William Catherwood
BTIG
1 question for CMTG
Also covers: ARE, ARI, BRSP +14 more
Recent press releases and 8-K filings for CMTG.
Claros Mortgage Trust Reports Q3 2025 Losses, Exceeds Resolution Target, and Improves Liquidity
CMTG
Earnings
Guidance Update
Debt Issuance
- Claros Mortgage Trust (CMTG) reported a GAAP net loss of $0.07 per share and a distributable loss of $0.15 per share for the third quarter of 2025.
- The company exceeded its initial target of $2 billion in total resolutions for the year, achieving $2.3 billion in total resolutions, which included resolving nine watchlist loans totaling $1.1 billion of UPB.
- Liquidity significantly improved by $283 million to $385 million as of November 4, 2025, and total borrowings were reduced by $1.4 billion year-to-date through November 4, 2025.
- CMTG's net debt-to-equity ratio decreased to 1.9x at September 30, 2025, from 2.2x at June 30, 2025.
- The company amended its term loan B, which includes a $150 million principal repayment, and anticipates an increase in the REO portfolio with four 5-rated loans identified as anticipated REO.
Nov 6, 2025, 3:00 PM
Claros Mortgage Trust Reports Q3 2025 Financial Results
CMTG
Earnings
Demand Weakening
- For Q3 2025, Claros Mortgage Trust reported a GAAP net loss of $9.5 million (or $0.07 per share) and a distributable loss of $21.5 million (or $0.15 per share), though distributable earnings prior to realized gains and losses were $5.9 million (or $0.04 per share).
- The company's book value per share was $12.24 as of September 30, 2025.
- Total liquidity significantly increased to $353 million at September 30, 2025, including $340 million in cash, and further to $385 million with $369 million cash by November 4, 2025.
- The loan portfolio totaled $4.3 billion as of September 30, 2025, with loans rated 4 or 5 decreasing to 44% of the portfolio (from 48% in Q2 2025). Loan resolutions during the quarter amounted to $716.0 million of UPB.
- Leverage ratios improved, with the net debt/equity ratio decreasing to 1.9x and the total leverage ratio to 2.4x as of September 30, 2025.
Nov 6, 2025, 3:00 PM
Claros Mortgage Trust, Inc. Amends Term Loan Credit Agreement
CMTG
Debt Issuance
- Claros Mortgage Trust, Inc. entered into Amendment No. 6 to its Term Loan Credit Agreement on November 5, 2025.
- This amendment includes a required $150 million prepayment of outstanding Term Loans.
- The minimum Tangible Net Worth financial covenant was reduced to $1,400,000,000 for the period from November 5, 2025, to March 31, 2026.
- The minimum Interest Coverage Ratio financial covenant was waived for the fiscal quarters ending September 30, 2025, December 31, 2025, and March 31, 2026.
Nov 6, 2025, 1:58 PM
Claros Mortgage Trust, Inc. Reports Third Quarter 2025 Results
CMTG
Earnings
Guidance Update
- Claros Mortgage Trust, Inc. reported a GAAP net loss of $9.5 million, or $0.07 per share, and a Distributable Loss of $21.5 million, or $0.15 per share, for the quarter ended September 30, 2025.
- The company's total liquidity was $353 million as of September 30, 2025, including $340 million of cash, which subsequently increased to $385 million in total liquidity by November 4, 2025.
- Loan resolutions for the third quarter of 2025 amounted to $716.0 million of UPB, contributing to $2.2 billion in year-to-date 2025 resolutions, exceeding their full-year goal.
- The book value per share was $12.24 as of September 30, 2025.
Nov 5, 2025, 9:19 PM
Claros Mortgage Trust, Inc. Reports Q3 2025 Results
CMTG
Earnings
- Claros Mortgage Trust, Inc. reported a GAAP net loss of $9.5 million, or $0.07 per share, and a distributable loss of $21.5 million, or $0.15 per share, for the third quarter ended September 30, 2025. Distributable earnings prior to realized gains and losses were $5.9 million, or $0.04 per share.
- Total liquidity increased to $353 million at September 30, 2025, including $340 million in cash, and further increased to $385 million by November 4, 2025. The net debt / equity ratio decreased to 1.9x and the total leverage ratio decreased to 2.4x as of September 30, 2025.
- The company's loan portfolio stood at $4.3 billion as of September 30, 2025, with 97% being floating-rate and 97% senior loans. Loans with a risk rating of 4 or 5 decreased to 44% of the loan portfolio ($2.1 billion of UPB) as of September 30, 2025, down from 48% as of June 30, 2025.
- Book value was $12.24 per share as of September 30, 2025. Year-to-date loan resolutions totaled $2.2 billion of UPB, with $716.0 million of UPB resolved during the third quarter.
Nov 5, 2025, 9:12 PM
Quarterly earnings call transcripts for Claros Mortgage Trust.
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