earnings
confidence high
sentiment negative
materiality 0.75
CMTG Q4 GAAP net loss $100.7M; distributable loss $83.2M; book value $14.12
Claros Mortgage Trust, Inc.
2024-FY EPS reported
-$1.60
revenue$248,415,000
- GAAP net loss of $100.7M ($0.72/sh) for Q4; full-year net loss $221.3M ($1.60/sh).
- Distributable loss Q4 $83.2M ($0.59/sh); distributable earnings before realized gains/losses $25.4M ($0.18/sh).
- Loan portfolio $6.1B, 45% risk-rated 4+; CECL reserve 4.3% of UPB (specific 18.2% on 5 loans).
- Received $300M loan repayments/sales in Q4; total liquidity $102M including $99M cash.
- Reclassified hotel REO to held-for-sale; recognized $80.5M book loss; expects ~$60M liquidity from sale.