---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017124"
form_type: "8-K"
ticker: "CMTG"
cik: "0001666291"
company_name: "Claros Mortgage Trust, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:11:38.027824+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Claros Mortgage posts Q4 GAAP net income of $34M; loan risk ratings worsen

## Summary
- GAAP net income Q4 $34.0M ($0.24/diluted) vs Q3 loss of $68.9M; full year net income $6.0M.
- Distributable earnings Q4 $36.9M ($0.26); prior to gains/charge-offs $44.4M ($0.31).
- Loans with risk rating 4+ rose to 26% of portfolio from 17% at Q3; CECL reserve 2.2% of UPB.
- Reclassified three loans to held-for-sale ($272M UPB); sold post-quarter for $262M (96% of UPB).
- Paid Q4 dividend of $0.25/share, unchanged from Q3 but reduced from $0.37 earlier in 2023.

## SEC filing metadata
- accession: 0000950170-24-017124
- form_type: 8-K
- ticker: CMTG
- cik: 0001666291
- company_name: Claros Mortgage Trust, Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666291/000095017024017124/0000950170-24-017124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666291/000095017024017124/cmtg-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017124
- JSON: https://secwatch.observer/filing/0000950170-24-017124.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017124.txt

## Key facts
- Earnings Releases
  Claros Mortgage Trust, Inc. reported the quarter and year ended December 31, 2023 results: net income GAAP net income of $34.0 million and $6.0 million, or $0.24 and $0.02 per diluted share of common stock, for the quarter, EPS $0.24 and $0.02 per diluted share.
  - Period: the quarter and year ended December 31, 2023
  - Net income: GAAP net income of $34.0 million and $6.0 million, or $0.24 and $0.02 per diluted share of common stock, for the quarter
  - EPS: $0.24 and $0.02 per diluted share
  - Result: reported results
  source text: On February 20, 2024, Claros Mortgage Trust, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1666291/000095017024017124/0000950170-24-017124-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.