---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-065839"
form_type: "8-K"
ticker: "CMTG"
cik: "0001666291"
company_name: "Claros Mortgage Trust, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:22:45.306401+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-065839
- form_type: 8-K
- ticker: CMTG
- cik: 0001666291
- company_name: Claros Mortgage Trust, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666291/000095017025065839/0000950170-25-065839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666291/000095017025065839/cmtg-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-065839
- JSON: https://secwatch.observer/filing/0000950170-25-065839.json
- Plain text: https://secwatch.observer/filing/0000950170-25-065839.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.