secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000950170-24-090745
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMTG reports Q2 GAAP net loss $0.09/shr; cuts dividend to $0.10 from $0.25
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- GAAP net loss $11.6M ($0.09/shr); distributable earnings $28.9M ($0.20/shr), prior to realized losses $30.4M ($0.21/shr).
- Declares Q3 dividend of $0.10/shr, down 60% from $0.25/shr in Q2; payable Oct 15, record Sep 30.
- Risk-rating 4+ loans rose to 35% of portfolio (Q1: 29%); $34M CECL provision booked for Q2.
- Subsequent to quarter end, received full repayments on three loans totaling $244M (GA, NV, NY).
- Book value per share $15.27; net debt/equity ratio 2.4x; total liquidity $191M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024090745/0000950170-24-090745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024090745/cmtg-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-090745

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