Claros Q4 GAAP net loss $100.7M ($0.72/sh); book value drops to $14.12; suspends dividend

Claros Mortgage Trust, Inc.

2024-FY EPS reported -$1.60 revenue$248,415,000

GAAP net loss $100.7M ($0.72/sh); distributable loss $83.2M ($0.59/sh); FY2024 GAAP net loss $221.3M.
Book value per share fell to $14.12 from $15.17 QoQ; Q4 dividend suspended (was $0.25 in Q1/Q2).
Risk rated 4+ loans increased to 45% of portfolio (from 37% prior quarter); CECL reserve at 4.3% of UPB.
Loan portfolio $6.1B (98% floating); received $300M repayment/sale proceeds in Q4; liquidity $102M.
Hotel REO reclassified to held-for-sale, $80.5M loss recognized; carrying value $307M, expected ~$60M liquidity.

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