Claros Mortgage Trust, Inc. Reports Fourth Quarter and Full Year 2023 Results
Claros Mortgage Trust, Inc. (CMTG)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter and year ended December 31, 2023. The Company reported GAAP net income of $34.0 million and $6.0 million, or $0.24 and $0.02 per diluted share of common stock, for the quarter and year ended December 31, 2023, respectively. Distributable Earnings (a non-GAAP financial measure defined below) were $36.9 million and $39.9 million, or $0.26 and $0.28 per diluted share, for the quarter and year ended December 31, 2023, respectively. Distributable Earnings prior to realized gains and principal charge-offs were $44.4 million and $184.5 million, or $0.31 and $1.31 per diluted share, for the quarter and year ended December 31, 2023, respectively.Fourth Quarter 2023 Highlights$6.9 billion loan portfolio with a weighted average all-in yield of 9.1%.Received loan repayment proceeds of $38 million.Funded approximately $168 million of follow-on fundi
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News
- Claros Mortgage Trust, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Claros Mortgage Trust, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Claros Mortgage Trust, Inc. (NYSE: CMTG) had its price target lowered by analysts at Keefe, Bruyette & Woods from $9.75 to $9.50. They now have an "underperform" rating on the stock.MarketBeat
- Claros Mortgage Trust, Inc. (NYSE: CMTG) had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $9.50. They now have a "neutral" rating on the stock.MarketBeat
- Claros Mortgage Trust, Inc. Announces 2024 Annual Meeting of Stockholders [Yahoo! Finance]Yahoo! Finance
CMTG
Earnings
- 2/20/24 - Beat
CMTG
Analyst Actions
- 4/10/24 - JP Morgan
CMTG
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- CMTG's page on the SEC website