secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000950170-24-053576
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Claros Mortgage Trust posts Q1 GAAP net loss of $52.8M; book value per share $15.55
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- GAAP net loss of $52.8M ($0.39 diluted EPS); distributable loss of $16.8M ($0.12 per share).
- CECL reserves increased to 2.6% of UPB; general reserve $0.72 per share, specific reserve $0.54 per share.
- Loans risk rated 4 or higher rose to 29% of portfolio (from 26% at Dec 31); one $216M loan reclassified to held-for-sale.
- Sold three loans for $262M (96% of UPB); repaid $384M in financings during quarter.
- Paid $0.25 per share cash dividend; total liquidity $265M including $233M cash and $32M undrawn capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024053576/0000950170-24-053576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024053576/cmtg-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053576

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