Claros Mortgage Trust

Nov 07, 2024

•

Sep 30, 2024

Claros Mortgage Trust Q3 2024 Earnings Report

Reported a net loss and distributable loss for Q3 2024.

Key Takeaways

Claros Mortgage Trust reported a GAAP net loss of $56.2 million, or $0.40 per share, and a distributable loss of $24.6 million, or $0.17 per share for the third quarter of 2024. Distributable earnings prior to realized losses was $31.0 million, or $0.22 per share.

Loan portfolio of $6.3 billion with a weighted average all-in yield of 8.4%.

Received loan repayments of $374 million.

Total liquidity of $116 million, including $114 million of cash.

Paid a cash dividend of $0.10 per share of common stock for the third quarter of 2024.

Total Revenue

$65.4M

Previous year: $82.8M

-21.0%

EPS

$0.22

Previous year: -$0.16

-237.5%