earnings
confidence high
sentiment negative
materiality 0.80
Claros Mortgage Q1 GAAP net loss $54.3M ($0.39/share); distributable loss $75.2M
Claros Mortgage Trust, Inc.
2026-Q1 EPS reported
-$0.39
revenue$29,519,000
- GAAP net loss $54.3M ($0.39/share); distributable loss $75.2M ($0.52/share); distributable loss prior to realized losses $7.5M ($0.05/share).
- Provision for CECL reserves $31.4M ($0.22/share); total CECL reserves $398.9M, 11.4% of UPB.
- Resolved five loans totaling $608.8M UPB: two repayments ($240.8M), one loan sale (90% recovery), one foreclosure, one assignment to lender.
- Closed new $500M secured term loan maturing 2030; net financings decreased $489M, including $142M deleveraging payments.
- Book value $10.33/share (down from $10.69); net debt/equity 1.7x; total leverage 2.2x.