earnings
confidence high
sentiment neutral
materiality 0.70
Claros Mortgage Q3 GAAP net income $42.1M ($0.30/share); Distributable Earnings $47.1M
Claros Mortgage Trust, Inc.
2022-Q3 EPS reported
$0.95
revenue$203,584,000
- Originated $878M in new loan commitments; $614M funded at closing with weighted avg coupon SOFR+5.3%.
- Dividend of $0.37 per share declared for Q3 2022.
- Board authorized $100M common stock repurchase program on Nov 8, 2022.
- GAAP net income $42.1M, diluted EPS $0.30; Distributable Earnings $47.1M, diluted $0.33.
- Received $559M in loan repayments; funded $186M follow-on fundings during Q3.