secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000950170-23-036500
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMTG Q2 GAAP net income $4.3M but distributable loss of $14.5M; $67M charge-off on NYC property
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- GAAP net income $4.3M ($0.02 diluted EPS); Distributable Loss ($14.5M) or ($0.10) per share.
- Distributable Earnings prior to charge-off $50.3M ($0.35/share); dividend maintained at $0.37/share for Q2.
- Acquired mixed-use NYC property via assignment-in-lieu of foreclosure, recording ~$67M principal charge-off.
- Portfolio $7.5B with weighted avg yield 9.2%; 41% multi-family exposure; funded $162M in follow-on fundings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017023036500/0000950170-23-036500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017023036500/cmtg-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036500

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