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Mar 31, 2024
Claros Mortgage Trust Q1 2024 Earnings Report
Claros Mortgage Trust reported a net loss and a distributable loss for Q1 2024.
Key Takeaways
Claros Mortgage Trust reported a GAAP net loss of $52.8 million, or $0.39 per diluted share, and a distributable loss of $16.8 million, or $0.12 per diluted share, for the first quarter of 2024. The company focused on proactive asset management and balance sheet optimization amidst dynamic macroeconomic factors.
Loan portfolio of $6.7 billion with a weighted average all-in yield of 9.1%.
Funded approximately $143 million of follow-on fundings related to the existing loan portfolio.
Received loan repayment proceeds of $146 million, including $136 million from two full loan repayments.
Total liquidity of $265 million, including $233 million in cash.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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