secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0000950170-24-133225
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMTG reports Q3 2024 GAAP net loss of $56.2M; dividend cut to $0.10/share
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- GAAP net loss $56.2M ($0.40 diluted EPS); distributable loss $24.6M ($0.17 per share).
- Distributable earnings prior to realized losses $31.0M ($0.22 per share); Q3 dividend cut to $0.10 from $0.25.
- Loan portfolio $6.3B (down $0.5B QoQ); weighted avg adjusted LTV 71.6% (69.3% in Q2).
- Book value per share $14.83, adjusted book value $15.96; net debt/equity unchanged at 2.4x.
- Realized losses of $55.4M in Q3; five loans risk rated 5 vs. four in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024133225/0000950170-24-133225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017024133225/cmtg-20241204.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-133225

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