Claros Mortgage Trust Inc

For the period ended Mar 31, 2024. Filed May 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 6, 2024

CMTG$1.72+4.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(unaudited, in thousands, except share and per share data)

	Three Months Ended
	March 31, 2024	March 31, 2023
Revenue
Interest and related income	$160,845	$164,166
Less: interest and related expense	115,931	106,027
Net interest income	44,914	58,139
Revenue from real estate owned	13,911	10,963
Total net revenue	58,825	69,102
Expenses
Management fees - affiliate	9,210	9,656
Incentive fees - affiliate	-	1,558
General and administrative expenses	3,877	4,923
Stock-based compensation expense	4,353	3,366
Real estate owned:
Operating expenses	12,880	10,000
Interest expense	6,329	5,444
Depreciation and amortization	2,599	2,058
Total expenses	39,248	37,005
Proceeds from interest rate cap	865	1,183
Unrealized loss on interest rate cap	(998)	(1,404)
(Loss) income from equity method investment	(35)	1,563
Loss on extinguishment of debt	(2,244)	-
(Provision for) reversal of current expected credit loss reserve	(69,960)	3,239
Net (loss) income	(52,795)	36,678
Net (loss) income per share of common stock:
Basic and diluted	$(0.39)	$0.26
Weighted average shares of common stock outstanding:
Basic and diluted	138,791,113	138,385,810

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.