Q1 GAAP net loss $78.6M ($0.56); distributable loss $35.7M; CECL provision $41.1M

Claros Mortgage Trust, Inc.

2025-Q1 EPS reported -$0.56 revenue$43,375,000

GAAP net loss $78.6M ($0.56); distributable loss $35.7M ($0.25); distributable earnings prior to realized losses $11.6M ($0.08).
CECL provision $41.1M ($0.29); CECL reserve stands at $1.83/sh, 4.4% of UPB; specific reserves 16.4% on risk 5 loans.
Book value fell to $13.60 from $14.64 at Dec 31, 2024; risk-rated 4+ loans now 46% of portfolio vs 45% at year-end.
Received $316M loan repayments/sales in Q1; subsequent to quarter-end received $291M; YTD total $607M.
Closed new $214M financing facility; net debt/equity 2.4x; total leverage 2.8x; liquidity $136M at quarter end.

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