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Sep 30, 2022
Claros Mortgage Trust Q3 2022 Earnings Report
Reported strong results due to focus on asset management and disciplined lending.
Key Takeaways
Claros Mortgage Trust reported a GAAP net income of $42.1 million, or $0.30 per diluted share, and Distributable Earnings of $47.1 million, or $0.33 per diluted share for the third quarter of 2022.
Originated approximately $878 million of total loan commitments across six investments, with $614 million funded at closing.
New originations had a weighted average coupon of SOFR + 5.3% and a weighted average LTV of 67.4%.
Funded approximately $186 million of follow-on fundings related to the existing loan portfolio.
Received loan repayment proceeds of $559 million.
Forward Guidance
The company believes its team's experience, conservative underwriting practices, moderate leverage, and strong balance sheet will allow it to capture compelling investment opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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