earnings
confidence high
sentiment negative
materiality 0.80
Claros Mortgage Trust reports Q1 2024 GAAP net loss of $52.8M, or $0.39 per share
Claros Mortgage Trust, Inc.
2024-Q1 EPS reported
-$0.39
revenue$58,825,000
- Q1 2024 GAAP net loss of $52.8M ($0.39 diluted EPS); distributable loss of $16.8M ($0.12 per share).
- Distributable earnings prior to realized losses of $27.7M ($0.20 per share); paid cash dividend of $0.25 per share.
- Loan portfolio of $6.7B (69.2% weighted avg LTV, 98% floating rate, 98% senior loans); net debt/equity 2.4x.
- Book value per share $15.55; adjusted book value $16.47; total equity $2.22B.
- Total liquidity $265M; weighted average all-in yield 9.1% on portfolio.