Brief: Claros Mortgage Trust Q2 Net Income USD -181.707 Million

Claros Mortgage Trust

06/08/2025 21:17

Overview

Claros Mortgage Trust reports Q2 GAAP net loss of $181.7 mln, $1.30/share

Company reports distributable loss of $110.1 mln for Q2 2025

Loan resolutions of $1.0 bln UPB in Q2, $548.4 mln after quarter-end

Outlook

Company sees signs of constructive capital markets environment

Claros Mortgage Trust expects continued positive liquidity progress

Company anticipates resolving watchlist loans through foreclosure

Claros Mortgage Trust optimistic about portfolio activity in second half of 2025

Result Drivers

LOAN RESOLUTIONS - Resolved $1.0 bln UPB in Q2, including full repayments, discounted payoffs, and sales of watchlist loans

FORECLOSURES - Two mortgage foreclosures totaling $146.7 mln UPB on watchlist loans in Phoenix and Las Vegas

LIQUIDITY IMPROVEMENT - More than doubled liquidity position since year-end, per CEO Richard Mack

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Distributable Earnings
-$14.80 mln
Q2 Net Income
-$181.71 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Claros Mortgage Trust Inc is $3.00, about 3.7% above its August 5 closing price of $2.89

Press Release: ID:nBw9pJ9nPa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)