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Jun 30, 2023
Claros Mortgage Trust Q2 2023 Earnings Report
Reported financial results for the quarter ended June 30, 2023.
Key Takeaways
Claros Mortgage Trust reported a GAAP net income of $4.3 million, or $0.02 per diluted share, for Q2 2023. Distributable Earnings, prior to realized gain and principal charge-off, was $50.3 million, or $0.35 per diluted share. Distributable Loss was ($14.5 million), or ($0.10) per diluted share.
Current loan portfolio of $7.5 billion with a weighted average all-in yield of 9.2%.
Multi-family exposure represents 41% of the portfolio.
Received loan repayment proceeds of $49 million.
Funded approximately $162 million of follow-on fundings related to the existing loan portfolio.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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