earnings
confidence high
sentiment negative
materiality 0.75
Claros Mortgage posts Q3 GAAP net loss of $9.5M; loan resolutions $716M UPB; book value $12.24
Claros Mortgage Trust, Inc.
2025-Q3 EPS
reported -$1.93
vs consensus -$0.11
▼ miss
(-1620.1%)
- GAAP net loss $9.5M ($0.07/sh); distributable loss $21.5M ($0.15/sh); distributable earnings prior to realized gains $5.9M ($0.04/sh).
- Loan resolutions of $716M UPB in Q3; YTD resolutions $2.2B, exceeding $2B full-year target.
- Book value $12.24 per share at Sep 30; CECL reserves $307.7M (6.8% of loan UPB, $2.15/sh).
- Total liquidity $353M at Sep 30 ($340M cash) rising to $385M by Nov 4; net debt/equity 1.9x.
- Risk rated 5 loans $978M UPB with specific CECL reserve 17.2%; four multifamily loans ($640M UPB) expected to foreclose.