Claros Mortgage Trust, Inc. reported a GAAP net loss of $100.7 million for the fourth quarter of 2024, or $0.72 per share. The company's loan portfolio stood at $6.1 billion with a weighted average all-in yield of 7.6%. They received $300 million in loan repayment and sale proceeds, and total liquidity was $102 million.
GAAP net loss for Q4 2024 was $100.7 million, or $0.72 per share.
Distributable Loss for Q4 2024 was $83.2 million, or $0.59 per share.
The loan portfolio was $6.1 billion with a weighted average all-in yield of 7.6%.
Total liquidity at quarter-end was $102 million, including $99 million of cash.
Claros Mortgage Trust, Inc. expects to accelerate the resolution of watchlist loans to recapture and redeploy capital for more accretive uses.
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