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.
DH
Douglas Harter
UBS
4 questions for CMTG
Also covers: ACRE, ACT, AGNC +43 more
JR
Jade Rahmani
Keefe, Bruyette & Woods
4 questions for CMTG
Also covers: ABR, ACRE, AMH +22 more
RS
Richard Shane
JPMorgan Chase & Co.
4 questions for CMTG
Also covers: ABR, ACRE, ACT +22 more
CM
Chris Muller
Citizens Capital Markets
2 questions for CMTG
Also covers: BRSP, RC
John Nickodemus
BTIG
2 questions for CMTG
Also covers: ACRE, ARI, BRSP +5 more
RS
Rick Shane
JPMorgan Chase & Co.
2 questions for CMTG
Also covers: ABR, ACRE, ACT +19 more
Christopher Muller
Citizens JMP
1 question for CMTG
Also covers: ACR, ACRE, AFCG +10 more
JN
John Nikodemus
BTIG, LLC
1 question for CMTG
Also covers: ACRE
SD
Steven Delaney
Citizens JMP Capital
1 question for CMTG
Also covers: ABR, ACRE, ARI +12 more
WC
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 Q4 2025 Results, Exceeds Resolution Target, and Refinances Debt
CMTG
Earnings
Debt Issuance
- Claros Mortgage Trust (CMTG) reported a GAAP net loss of $1.56 per share and a distributable loss of $0.71 per share for the fourth quarter of 2025.
- The company significantly exceeded its 2025 resolution target, achieving $2.5 billion in total resolutions, including 11 watch list loans totaling $1.3 billion in UPB. This momentum continued into early 2026 with an additional $389 million in resolutions.
- CMTG deleveraged its balance sheet by $1.7 billion in 2025, reducing its net debt-to-equity ratio from 2.4x to 1.9x. Subsequent to year-end, the company retired its $718 million Term Loan B and secured a new $500 million senior secured loan from HPS maturing in January 2030.
- The total CECL reserve on loans held for investment increased from $308 million (6.8% of UPB) at September 30, 2025, to $443 million (10.9% of UPB) at year-end 2025.
Feb 19, 2026, 3:00 PM
Claros Mortgage Trust Reports Q4 2025 Results and Significant Portfolio Deleveraging
CMTG
Earnings
Debt Issuance
Guidance Update
- Claros Mortgage Trust reported a GAAP net loss of $1.56 per share and a distributable loss of $0.71 per share for Q4 2025.
- The company exceeded its 2025 resolution target, achieving $2.5 billion in total resolutions, including $1.3 billion from 11 watch list loans, and reduced its loan portfolio to $3.7 billion by year-end 2025. This progress continued into early 2026 with an additional $389 million in resolutions.
- CMTG retired its $718 million Term Loan B and replaced it with a new $500 million senior secured loan from HPS maturing in January 2030, which also included the issuance of warrants for approximately 7.5 million shares.
- The company strengthened its balance sheet by reducing its net debt-to-equity ratio from 2.4x to 1.9x in 2025 and increased liquidity to $153 million following the new term loan.
- Total CECL reserves increased to $443 million (10.9% of UPB) by year-end 2025, and CMTG plans to continue resolving watch list loans and REO assets in 2026, aiming to evaluate new lending opportunities towards the end of the year.
Feb 19, 2026, 3:00 PM
Claros Mortgage Trust Reports Q4 2025 Financial Results with Significant Loss and Loan Resolutions
CMTG
Earnings
Profit Warning
Debt Issuance
- Claros Mortgage Trust (CMTG) reported a GAAP net loss of $219.2 million, or $1.56 per share, and a distributable loss of $101.7 million, or $0.71 per share, for Q4 2025.
- The company recorded a significant provision for CECL reserves of $211.7 million, or $1.48 per share, during the quarter, bringing total CECL reserves to $443.1 million at year-end 2025.
- Book value per share was $10.69 at December 31, 2025.
- Total liquidity stood at $185 million at December 31, 2025, which decreased to $153 million by February 17, 2026.
- The loan portfolio totaled $3.7 billion at December 31, 2025, with $1.7 billion identified as watchlist loans. CMTG resolved $2.5 billion of UPB in loans during 2025, including $483.9 million in Q4 2025 and an additional $388.7 million subsequent to year-end.
Feb 19, 2026, 3:00 PM
Claros Mortgage Trust Reports 2025 Losses and Loan Resolutions
CMTG
Earnings
Demand Weakening
Debt Issuance
- Claros Mortgage Trust reported GAAP losses of $219.2 million in Q4 and $489.1 million for full-year 2025, driven by significant credit provisioning that increased its CECL reserve to approximately $443 million.
- The company accelerated a balance-sheet cleanup, resolving 21 loans totaling $2.5 billion in unpaid principal, shrinking its held-for-loan portfolio, and reducing watchlist loans by about 45%.
- Leverage improved as net debt-to-equity declined from 2.4x to 1.9x, and Claros refinanced its secured term loan with a new $500 million facility maturing in 2030.
- Analysts maintain a Hold/Neutral stance with a $2.50 price target, citing weak profitability and high leverage despite progress in deleveraging and portfolio repositioning.
- Claros reported a book value of $10.69 per share at year-end 2025.
Feb 18, 2026, 10:33 PM
Claros Mortgage Trust Reports Fourth Quarter and Full Year 2025 Results
CMTG
Earnings
Debt Issuance
- Claros Mortgage Trust (CMTG) reported a GAAP net loss of $219.2 million and Distributable Loss of $101.7 million for the fourth quarter of 2025, with full-year 2025 figures at $489.1 million and $269.0 million, respectively.
- As of December 31, 2025, CMTG's loan portfolio stood at $3.7 billion with a weighted average all-in yield of 6.2%, and the company maintained total liquidity of $185 million and a book value of $10.69 per share.
- For the full year 2025, CMTG resolved 21 loans totaling $2.5 billion of UPB and achieved a $1.7 billion decrease in net financings outstanding, contributing to a strengthened balance sheet.
- Subsequent to year-end, as of February 17, 2026, total liquidity was $153 million, and watchlist loans declined by 45% from prior year-end to $1.5 billion, following the resolution of four additional loans.
Feb 18, 2026, 10:25 PM
Claros Mortgage Trust Reports Fourth Quarter and Full Year 2025 Results
CMTG
Earnings
Debt Issuance
- For the fourth quarter ended December 31, 2025, Claros Mortgage Trust, Inc. (CMTG) reported a GAAP net loss of $219.2 million, or $1.56 per share, and a Distributable Loss of $101.7 million, or $0.71 per share. For the full year 2025, the company reported a GAAP net loss of $489.1 million, or $3.49 per share, and a Distributable Loss of $269.0 million, or $1.88 per share.
- As of December 31, 2025, CMTG's book value was $10.69 per share. The company had a $3.7 billion loan portfolio with a weighted average all-in yield of 6.2%.
- During 2025, CMTG resolved 21 loans totaling $2.5 billion of UPB. As of December 31, 2025, CECL reserves on loans receivable totaled $443.1 million, or $3.09 per share.
- Total liquidity as of December 31, 2025, was $185 million, including $173 million of cash. Subsequent to year-end, as of February 17, 2026, total liquidity was $153 million, including $132 million of cash, after closing a new $500.0 million secured term loan.
Feb 18, 2026, 10:17 PM
Claros Mortgage Trust Secures New Term Loan and Repays Existing Debt
CMTG
Debt Issuance
New Projects/Investments
- Claros Mortgage Trust, Inc. (CMTG) announced the closing of a $500.0 million, four-year secured term loan credit facility provided by HPS Investment Partners, LLC.
- The proceeds from this new facility, along with cash on hand, were used to fully retire the Company’s $556.2 million Term Loan B, which had a maturity date of August 9, 2026.
- The new term loan credit facility has an annual variable rate of SOFR plus 675 basis points.
- As part of this financing, CMTG issued 10-year detachable warrants to purchase 7,542,227 shares of its common stock at an exercise price of $4.00 per share.
- This financing is intended to stabilize the capital structure by extending the maturity of corporate debt, providing flexibility for business plan execution, including deleveraging and repositioning for future origination activity.
Feb 2, 2026, 1:31 PM
Claros Mortgage Trust, Inc. Secures $500 Million Term Loan and Repays Existing Debt
CMTG
Debt Issuance
- Claros Mortgage Trust, Inc. (CMTG) closed a $500.0 million, four-year secured term loan credit facility on February 2, 2026, provided by HPS Investment Partners, LLC.
- The new facility has an annual variable rate of SOFR plus 675 basis points.
- The proceeds from this new loan, along with cash on hand, were used to fully retire the Company’s $556.2 million Term Loan B, which had a maturity date of August 9, 2026.
- As part of this financing, CMTG issued 10-year detachable warrants to purchase an aggregate of 7,542,227 shares of its common stock at an exercise price of $4.00 per share, representing an approximately 46% premium to the closing price on January 30, 2026.
- The company stated this financing stabilizes its capital structure by extending the maturity of corporate debt and aligns select financial covenants across its facilities.
Feb 2, 2026, 1:27 PM
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
Quarterly earnings call transcripts for Claros Mortgage Trust.
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