Claros Mortgage Trust reports Q1 2023 GAAP net income $36.7M, Distributable Earnings $40.3M

Claros Mortgage Trust, Inc.

2023-Q1 EPS reported $0.26 revenue$69,102,000

GAAP net income $36.7M ($0.26 diluted EPS); Distributable Earnings $40.3M ($0.29 per share).
Originated $101M hospitality loan; funded $226M follow-on fundings; received $211M loan repayments.
Paid quarterly cash dividend of $0.37 per share for Q1 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Claros Mortgage Trust, Inc. reported first quarter 2023 results: net income $36.7 million, EPS $0.26.

Period: first quarter 2023
Net income: $36.7 million
EPS: $0.26
Result: reported results

Exact text from the filing

Claros Mortgage Trust, Inc. Reports First Quarter 2023 Results New York, NY, May 2, 2023 – Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended March 31, 2023. The Company’s first quarter 2023 GAAP net income was $36.7 million, or $0.26 per diluted share of common stock, and Distributable Earnings (a non-GAAP financial measure defined below) was $40.3 million, or $0.29 per diluted share of common stock.

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Claros Mortgage Trust, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-016694

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