secwatch.observer — SEC 8-K summary
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Issuer:     Claros Mortgage Trust, Inc. (CMTG)
CIK:        0001666291
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0000950170-25-074912
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Claros Mortgage Q1 GAAP net loss $78.6M; book value slips to $13.60
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- GAAP net loss of $78.6M ($0.56 per share); distributable loss of $35.7M ($0.25).
- Book value fell to $13.60/share from $14.12 at year-end; adjusted book value $14.64.
- CECL reserves of $260.8M (4.4% of UPB); 46% of loans risk rated 4 or higher.
- Q1 loan repayments/sales of $316M; $437M received subsequent to quarter end.
- Net debt/equity 2.4x; total liquidity $136M at March 31, improved to $261M by May 6.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025074912/0000950170-25-074912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666291/000095017025074912/cmtg-20250520.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-074912

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