other material
confidence high
sentiment neutral
materiality 0.60
CMTG Q2 2024 net loss $11.6M, distributable earnings $0.20/share; dividend held at $0.25
Claros Mortgage Trust, Inc.
- GAAP net loss of $11.6M ($0.09 loss per share); distributable earnings of $28.9M ($0.20 per share).
- Paid a cash dividend of $0.25 per share for Q2 2024, unchanged from prior quarter.
- Loan portfolio $6.8B; weighted average all-in yield 9.0%, 98% floating rate, 98% senior loans.
- Book value $15.27 per share; adjusted book value $16.44 per share (including CECL reserve add-back).
- Net debt/equity ratio 2.4x; total leverage 2.8x; undrawn financing capacity $1.7B.