secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0000950170-24-062897
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Claros Mortgage Trust reports Q1 2024 GAAP net loss of $52.8M, or $0.39 per share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024062897/0000950170-24-062897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024062897/cmtg-20240521.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-062897

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