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Claros Mortgage Trust, Inc.

SIC 6500 · Real Estate
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$CMTG

Claros Mortgage Trust, Inc.

CIK:0001666291|SEC Filings
v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Interest and related income $ 46,251 $ 108,138 $ 105,250 $ 226,176
Less: interest and related expense 46,603 81,995 97,497 171,222
Net interest (expense) income (352) 26,143 7,753 54,954
Revenue from real estate owned 30,065 25,489 51,479 40,053
Total net revenue 29,713 51,632 59,232 95,007
Expenses        
Management fees - affiliate 7,077 8,197 14,424 16,594
General and administrative expenses 4,722 5,036 7,934 9,306
Stock-based compensation expense 1,489 4,762 3,806 9,836
Real estate owned:        
Operating expenses 20,550 15,696 38,604 28,611
Interest expense [1] 8,947 8,164 18,123 14,718
Depreciation and amortization 6,144 845 12,543 1,283
Total expenses 48,929 42,700 95,434 80,348
Gain (loss) on sales of real estate owned 341 (1,640) 341 (1,640)
Loss from equity method investment (43) (24) (81) (61)
Loss on extinguishment of debt 0 0 (5,898) (547)
Valuation adjustment for real estate owned held-for-sale (29,623) (313) (29,623) (362)
Provision for current expected credit loss reserve (208,839) (189,489) (240,211) (230,612)
Recovery of principal charge-offs 1,949 0 1,949 0
Valuation adjustment for loan receivable held-for-sale 0 827 0 (41,767)
Net Loss $ (255,431) $ (181,707) $ (309,725) $ (260,330)
Net Loss per share of common stock:        
Basic $ (1.81) $ (1.3) $ (2.2) $ (1.86)
Diluted $ (1.81) $ (1.3) $ (2.2) $ (1.86)
Weighted-average shares of common stock outstanding:        
Basic [2] 141,419,175 140,105,546 140,940,493 139,792,356
Diluted [2] 141,419,175 140,105,546 140,940,493 139,792,356
[1] During the three and six months ended June 30, 2026 and 2025, our mixed-use and land real estate owned assets were unlevered.
[2] Amounts for the three and six months ended June 30, 2026 include 285,054 fully vested RSUs. Amounts for the three and six months ended June 30, 2025 include 187,142 fully vested RSUs.