Claros Mortgage Trust

Oct 31, 2023

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Sep 30, 2023

Claros Mortgage Trust Q3 2023 Earnings Report

Reported a net loss and a distributable loss for the third quarter of 2023, while strategically managing its loan portfolio and liquidity amidst challenging market conditions.

Key Takeaways

Claros Mortgage Trust reported a GAAP net loss of ($68.9 million), or ($0.50) per diluted share, and a Distributable Loss of ($22.8 million), or ($0.16) per diluted share for Q3 2023. The company focused on managing its loan portfolio, executing loan sales, and maintaining liquidity in response to challenging market conditions.

GAAP net loss was ($68.9 million), or ($0.50) per diluted share.

Distributable Loss was ($22.8 million), or ($0.16) per diluted share.

Loan portfolio totaled $7.1 billion with a weighted average all-in yield of 9.5%.

Total liquidity of $432 million, including $307 million in cash.

Total Revenue

$82.8M

Previous year: $76.4M