Claros Mortgage Trust, Inc. CMTG

Real estate SIC 6500 - Real Estate NAICS Real Estate and Rental and Leasing › Real Estate derived NYSE

We are a CRE finance company focused primarily on originating senior and subordinate loans on transitional CRE assets located in major U.S. markets, including mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans including mezzanine loans secured by a pledge of equity ownership interests in the direct or indirect property owner rather than directly in the underlying commercial properties. These loans are subordinate to a mortgage loan but senior to the property owner's equity ownership interests. Transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment or other value-added elements in order to maximize value. We believe our Sponsor's real estate development, ownership and operations experience, and infrastructure differentiates us in lending on these transitional CRE assets. Our objective is to be a premier provider of debt capital for transitional CRE assets and, in doing so, to generate attractive risk-adjusted returns for our stockholders over time, primarily through dividends. We strive to create a diversified investment portfolio of CRE loans that we generally intend to hold to maturity. We focus primarily on originating loans ranging from $50 million to $300 million on transitional CRE assets located in major U.S. markets with attractive fundamental characteristics supported by macroeconomic tailwinds.

Last close 1.21 2026-10-23
Market cap $170.7M 2026-06-30 share count
52-week range 1.09 - 3.62

Valuation FY2025 figures against the last close

P/S0.9x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield0.0%
Diluted EPS-3.49

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $187.8M$248.4M$306.6M$287.2M$262.7M$273.7M$249.6M—
SG&A $20.0M$15.7M$16.6M$18.7M$12.6M$9.0M$3.4M—
Total operating expenses $178.6M$165.0M$155.3M$129.8M$108.4M$61.4M$75.7M—
Interest expense $305.0M$440.3M$470.5M$246.9M$180.6M$172.2M$139.7M—
Net income -$489.1M-$221.3M$6.0M$112.1M$170.5M$194.6M$163.2M—
EPS, basic -3.49-1.600.020.791.271.521.51—
EPS, diluted -3.49-1.600.020.791.271.521.51—
Shares, diluted (wtd. avg.) 140.1M139.2M138.6M139.3M134.5M133.0M111.5M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $173.2M$99.1M$187.3M$348.2M$334.1M$431.0M$338.0M$69.4M
Total assets $4.72B$6.97B$8.07B$8.24B$7.46B$6.95B$6.55B—
Long-term debt $3.16B$4.90B$5.69B$5.69B$4.76B———
Total liabilities $3.19B$4.96B$5.77B$5.79B$4.85B$4.33B——
Retained earnings -$1.22B-$733.3M-$426.7M-$257.2M-$161.0M$526.2M——
Total equity $1.53B$2.01B$2.30B$2.46B$2.60B$2.48B$2.43B$1.90B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow -$30.5M$84.5M$111.1M$111.0M$213.6M$140.5M$129.6M—
Depreciation and amortisation $6.5M$9.7M$8.9M$8.0M$7.1M———
Stock-based compensation $14.3M$18.3M$16.8M$7.6M$8.8M$5.7M$25.5M—
Investing cash flow $1.87B$779.9M-$39.3M-$773.3M-$373.2M-$208.9M-$2.31B—
Financing cash flow -$1.78B-$945.8M-$205.1M$676.3M$62.8M$161.3M$2.45B—
Dividends paid $0$120.7M$192.2M$208.1M$204.9M———
Buybacks ———$21.4M$3.6M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170371.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -600M -400M -200M 0 200M 400M Revenue, FY2019: 249.6M Net income, FY2019: 163.2M Revenue, FY2020: 273.7M Net income, FY2020: 194.6M Revenue, FY2021: 262.7M Net income, FY2021: 170.5M Revenue, FY2022: 287.2M Net income, FY2022: 112.1M Revenue, FY2023: 306.6M Net income, FY2023: 6M Revenue, FY2024: 248.4M Net income, FY2024: -221.3M Revenue, FY2025: 187.8M Net income, FY2025: -489.1M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $249.6M $273.7M $262.7M $287.2M $306.6M $248.4M $187.8M
Gross profit — — — — — — — —
Net income — $163.2M $194.6M $170.5M $112.1M $6.0M -$221.3M -$489.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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