secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0000950170-25-024550
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025024550/0000950170-25-024550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025024550/cmtg-20250221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-024550

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