Claros Mortgage Trust

Claros Mortgage Trust, Inc. is a commercial real estate finance company that focuses on originating senior and subordinate loans on transitional CRE assets located in U.S. markets. The transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment or other value-added elements in order to maximize value. Its objective is to provide debt capital for transitional CRE assets and, in doing so, to generate risk-adjusted returns for its stockholders over time, primarily through dividends. The company was founded on April 29, 2015 and is headquartered in New York, NY.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Claros Mortgage Trust (CMTG) reports solid Q4 earnings amidst cautious outlook

Claros Mortgage Trust (CMTG) delivered solid financial performance in Q4 2022, navigating market challenges with a cautious outlook for 2023. The company's proactive asset management and focus on differentiation position it well for potential growth opportunities in diverse sectors.

Claros Mortgage Trust (CMTG) maintains stability amid market uncertainties

Claros Mortgage Trust (CMTG) navigated a quiet quarter for new originations with a focus on stable credit quality and a cautious approach towards 2023 amidst market uncertainties and declining real estate values.

Claros Mortgage Trust reports solid Q2 earnings amidst real estate challenges

Claros Mortgage Trust's Q2 earnings call highlighted a resilient portfolio focused on multifamily properties, with a strong emphasis on liquidity management and increasing shareholder value. Despite industry challenges, the company remains proactive in addressing issues and seeking opportunities for growth.

Claros Mortgage Trust reports stable earnings amidst market uncertainties

Claros Mortgage Trust (CMTG) navigated market uncertainties by focusing on portfolio management and strategic asset sales to enhance liquidity and asset quality.
Despite a dividend reduction, the company reported distributable earnings covering the revised dividend, reflecting financial stability and prudent resource management.
Maintaining a diversified portfolio composition with a strong emphasis on the multifamily sector positions CMTG well to capitalize on sector-specific opportunities and navigate market challenges.
With a healthy liquidity position and moderate debt levels, CMTG has the flexibility to pursue strategic investments and address investor concerns through transparent communication.

Claros Mortgage Trust reports resilient performance amidst real estate challenges

Claros Mortgage Trust's Q4 earnings call highlighted solid performance metrics, proactive liquidity management, and a strategic focus on asset quality. The company faces challenges in the real estate market but remains well-positioned to capitalize on opportunities through effective financial planning and market adaptation.

Claros Mortgage Trust navigates market challenges with proactive strategies

Claros Mortgage Trust reported a GAAP net loss in Q1 2024, emphasizing proactive asset management and strategic portfolio optimization amidst market challenges.
Efforts towards managing liquidity, financing, and deleveraging reflect a prudent financial strategy to navigate uncertainties and optimize shareholder value.
The company faces challenges from volatile inflation, decreasing real estate valuations, and limited transaction volumes but is focused on proactive strategies for resilience.

Claros Mortgage Trust (CMTG) strategizes on distressed assets and growth

CMTG navigated challenges with a strategic focus on multifamily assets and distressed loans.
Analysts' inquiries highlighted concerns around reserves, distressed loans, and capital needs.
Opportunities in the bridge loan market and capital sources offer avenues for growth.

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BlackBerry

Cass Information Systems

CMTG, BB and CASS have been added to the Zacks Rank #5 (Strong Sell) List on November 9, 2023.

New Strong Sell Stocks for November 9th

Claros Mortgage Trust, Inc. (NYSE:CMTG ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Anh Huynh - Vice President, Investor Relations Richard Mack - Chief Executive Officer and Chairman Mike McGillis - President and Director, Claros Mortgage Trust Jai Agarwal - Chief Financial Officer Kevin Cullinan - Executive Vice President, MRECS Originations Priyanka Garg - Executive Vice President, MRECS Portfolio and Asset Management Conference Call Participants Sarah Barcomb - BTIG Rick Shane - JPMorgan Jason Sabshon - KBW Operator Hello, everyone and welcome to Claros Mortgage Trust Third Quarter 2023 Earnings Conference Call. My name is Nadia and I will be your conference facilitator today.

Claros Mortgage Trust, Inc. (CMTG) Q3 2023 Earnings Call Transcript

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, 2023. The Company's third quarter 2023 GAAP net loss was ($68.9 million), or ($0.50) per diluted share of common stock. Distributable Loss (a non-GAAP financial measure defined below) was ($22.8 million), or ($0.16) per diluted share of common stock. Distributable Earnings prior to realized gain and principal charge-off was $49.6.

Claros Mortgage Trust, Inc. Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its third quarter 2023 financial results after the closing of trading on the New York Stock Exchange on Tuesday, October 31, 2023. A conference call to discuss CMTG's financial results will be held on Wednesday, November 1, 2023, at 10:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconfer.

Claros Mortgage Trust, Inc. Announces Dates for Third Quarter 2023 Earnings Release and Conference Call

Dorian LPG

CMTG, DSDVY and LPG have been added to the Zacks Rank #5 (Strong Sell) List on September 28, 2023.

New Strong Sell Stocks for September 28th

CBRE Group

Finward Bancorp

CMTG, CBRE and FNWD have been added to the Zacks Rank #5 (Strong Sell) List on September 22, 2023.

New Strong Sell Stocks for September 22nd

Claros Mortgage Trust has seen a decline in its stock price since going public in 2021, and the recent decline in net income hasn't helped. The company, which provides loans for commercial real estate, has increased loss provisions, likely as higher borrowing costs and the likelihood of a weak economy moving forward can affect it. From a valuation perspective, there could be some upside, but a huge dividend payout ratio raises questions on whether they can be sustained.

Claros Mortgage Trust: Price Rise Possible, But It's Risky

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REIT Fantasy Football: 11 Companies For Your Starting Lineup

Claros Mortgage Trust, Inc. (NYSE:CMTG ) Q2 2023 Results Conference Call August 2, 2023 11:00 AM ET Company Participants Anh Huynh - VP, IR Richard Mack - Chairman and CEO Michael McGillis - President and Director Jai Agarwal - CFO Kevin Cullinan - EVP, Emric Originations Priyanka Garg - EVP, MREG Portfolio and Asset Management Conference Call Participants Don Fandetti - Wells Fargo Vilas Abraham - UBS Richard Shane - JPMorgan Jade Rahmani - KBW Sarah Barcomb - BTIG Operator Hello, everyone, and welcome to Claros Mortgage Trust Second Quarter 2023 Earnings Conference Call. My name is Bruno, and I'll be your conference facilitator today.

Claros Mortgage Trust, Inc. (CMTG) Q2 2023 Earnings Call Transcript

Claros Mortgage Trust, Inc. (CMTG) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.30. This compares to earnings of $0.43 per share a year ago.

Claros Mortgage Trust, Inc. (CMTG) Reports Q2 Loss, Misses Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended June 30, 2023. The Company's second quarter 2023 GAAP net income was $4.3 million, or $0.02 per diluted share of common stock. Distributable Earnings (a non-GAAP financial measure defined below), prior to realized gain and principal charge-off, was $50.3 million, or $0.35 per diluted share of common stock. Distributable Loss was ($14.5 million).

Claros Mortgage Trust, Inc. Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its second quarter 2023 financial results after the closing of trading on the New York Stock Exchange on Tuesday, August 1, 2023. A conference call to discuss CMTG's financial results will be held on Wednesday, August 2, 2023, at 11:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconferenc.

Claros Mortgage Trust, Inc. Announces Dates for Second Quarter 2023 Earnings Release and Conference Call

Claros Mortgage Trust, Inc. (NYSE:CMTG ) Q1 2023 Earnings Conference Call May 3, 2023 9:00 AM ET Company Participants Richard Mack - Chairman & CEO Jai Agarwal - CFO Mike McGillis - President & Director Kevin Cullinan - EVP, Originations & MD of MRECS Priyanka Garg - EVP, Portfolio and Asset Management & MD of MRECS Anh Huynh - VP, IR Conference Call Participants Don Fandetti - Wells Fargo Rick Shane - JPMorgan Vilas Abraham - UBS Sarah Barcomb - BTIG Jade Rahmani - KBW Operator Welcome to Claros Mortgage Trust First Quarter 2023 Earnings Conference Call. My name is Alicia, and I will be your conference facilitator today.

Claros Mortgage Trust, Inc. (CMTG) Q1 2023 Earnings Call Transcript

Claros Mortgage Trust, Inc. (CMTG) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.24 per share a year ago.

Claros Mortgage Trust, Inc. (CMTG) Q1 Earnings and Revenues Miss Estimates

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended March 31, 2023. The Company's first quarter 2023 GAAP net income was $36.7 million, or $0.26 per diluted share of common stock, and Distributable Earnings (a non-GAAP financial measure defined below) was $40.3 million, or $0.29 per diluted share of common stock. First Quarter 2023 Highlights Originated a $101 million hospitality loan, which was.

Claros Mortgage Trust, Inc. Reports First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its first quarter 2023 financial results after the closing of trading on the New York Stock Exchange on Tuesday, May 2, 2023. A conference call to discuss CMTG's financial results will be held on Wednesday, May 3, 2023, at 9:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc.

Claros Mortgage Trust, Inc. Announces Dates for First Quarter 2023 Earnings Release and Conference Call

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NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will hold its 2023 Annual Meeting of Stockholders virtually on June 1, 2023, beginning at 1:00 p.m. ET. Stockholders can attend the virtual annual meeting via the internet at www.virtualshareholdermeeting.com/CMTG2023.

Claros Mortgage Trust, Inc. Announces 2023 Annual Meeting of Stockholders

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Mortgage REITs: High Yield Opportunity And Risk

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that Richard Mack, Chairman and CEO, will present at the Citi Global Property CEO Conference on Wednesday, March 8, 2023, at 9:55 a.m. ET. A live audio webcast of the presentation may be accessed through the Events and Presentations section of CMTG's website at www.clarosmortgage.com/investor-relations/events-and-presentations.

Claros Mortgage Trust, Inc. to Present at Citi Global Property CEO Conference

NEW YORK--(BUSINESS WIRE)---- $CMTG #classaction--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Claros Mortgage Trust, Inc. (“Claros” or “the Company”) (NASDAQ: CMTG). Claros investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cmtg. The investigation concerns whether Claros violated federal securities laws.

Bronstein, Gewirtz & Grossman, LLC Notifies Claros Mortgage Trust, Inc. (CMTG) Investors of Investigation

NEW YORK , Feb. 22, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Claros Mortgage Trust, Inc. ("Claros" or the "Company") (NYSE: CMTG).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Claros Mortgage Trust, Inc. - CMTG

Claros Mortgage Trust, Inc. (NYSE:CMTG ) Q4 2022 Results Conference Call February 17, 2023 10:00 AM ET Company Participants Anh Huynh - VP, IR Richard Mack - Chairman, CEO Jai Agarwal - CFO Mike McGillis - President, Director Kevin Cullinan - EVP, MRECS Priyanka Garg - EVP, MRECS Portfolio & Asset Management Conference Call Participants Rick Shane - JP Morgan John Fanti - Wells Fargo Jade Rahmani - KBW Chris Muller - JMP Securities Operator Hello, everyone and welcome to Claros Mortgage Trust Fourth Quarter 2022 Earnings Conference Call. My name is Bruno and I will be your conference facilitator today.

Claros Mortgage Trust, Inc. (CMTG) Q4 2022 Earnings Call Transcript

Claros Mortgage Trust, Inc. (CMTG) delivered earnings and revenue surprises of -7.32% and 5.76%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Claros Mortgage Trust, Inc. (CMTG) Misses Q4 Earnings and Revenue Estimates

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, 2022. The Company reported GAAP net (loss) income of ($22.7 million) and $112.1 million, or ($0.17) and $0.79 per basic and diluted share of common stock, for the quarter and year ended December 31, 2022, respectively. Distributable Earnings (a non-GAAP financial measure defined below) were $53.7 million and $194.

Claros Mortgage Trust, Inc. Reports Fourth Quarter and Full Year 2022 Results

News for Claros Mortgage Trust Stock (CMTG)