secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000950170-25-023264
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMTG Q4 GAAP net loss $100.7M; distributable loss $83.2M; book value $14.12
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025023264/0000950170-25-023264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025023264/cmtg-20250219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-023264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer