Claros Mortgage Trust reports $9.5 mln Q3 net loss

Claros Mortgage Trust

05/11/2025 21:40

Overview

Claros Mortgage Trust Q3 GAAP net loss of $9.5 mln, or $0.07 per share

Company's adjusted distributable earnings negative at $5.9 mln for Q3 2025

Company resolved loans totaling $716 mln UPB, improving liquidity

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

LOAN RESOLUTIONS - Co resolved loans totaling $716 mln UPB, including full repayments and discounted payoffs, improving liquidity

REO SALE - Sale of two floors of office space at mixed-use REO resulted in $13.8 mln gross proceeds

CECL RESERVES - Provision for CECL reserves of $24.2 mln impacted quarterly net loss

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.07
Q3 Net Income
-$9.53 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 4% below its November 4 closing price of $3.12

Press Release: ID:nBw99h7hba

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)