Claros Mortgage Trust Q1 net loss widens to $54.3 million, or $0.39 a share
Claros Mortgage Trust, Inc.
Claros Mortgage Trust, Inc. CMTG | 0.00 |
- Claros Mortgage Trust posted GAAP net loss of USD 54.3 million, or USD 0.39 per share, for quarter ended March 31, 2026.
- Distributable loss widened to USD 75.2 million, or USD 0.52 per share, while distributable loss prior to realized losses was USD 7.5 million, or USD 0.05 per share.
- Provision for CECL reserves totaled USD 31.4 million, lifting quarter-end CECL reserves to USD 398.9 million, or USD 2.76 per share.
- Resolved five loans totaling USD 608.8 million of UPB, including USD 240.8 million of full repayments and USD 220 million loan sale with 90% gross recovery.
- Quarter-end loan portfolio stood at USD 3.2 billion with 5.6% weighted average all-in yield, while liquidity was USD 132 million; management said progress on watchlist loans reduced portfolio risk and advanced deleveraging.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Claros Mortgage Trust Inc. published the original content used to generate this news brief on May 06, 2026, and is solely responsible for the information contained therein.
