Claros Mortgage Trust Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
CMTG$1.64-4.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(unaudited, in thousands, except share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $113,920 | $187,301 |
| Restricted cash | 30,466 | 27,588 |
| Loan principal payments held by servicer | - | 11,000 |
| Loans receivable held-for-investment | 6,372,017 | 7,020,383 |
| Less: current expected credit loss reserve | (229,268) | (142,958) |
| Loans receivable held-for-investment, net | 6,142,749 | 6,877,425 |
| Loans receivable held-for-sale | 324,188 | 261,709 |
| Equity method investment | 42,360 | 42,474 |
| Real estate owned, net | 516,426 | 522,959 |
| Other assets | 137,964 | 138,905 |
| Total assets | $7,308,073 | $8,069,361 |
| Liabilities and Equity | ||
| Repurchase agreements | $3,451,001 | $3,805,678 |
| Term participation facility | 385,491 | 465,434 |
| Loan participations sold, net | - | 120,508 |
| Notes payable, net | 304,058 | 283,341 |
| Secured term loan, net | 710,477 | 712,576 |
| Debt related to real estate owned, net | 279,650 | 289,913 |
| Other liabilities | 41,157 | 47,368 |
| Dividends payable | 14,190 | 35,328 |
| Management fee payable - affiliate | 18,090 | 9,315 |
| Total liabilities | 5,204,114 | 5,769,461 |
| Equity | ||
| Common stock, $0.01 par value, 500,000,000 shares authorized, 139,362,657 and 138,745,357 shares issued and 139,362,657 and 138,745,357 shares outstanding at September 30, 2024 and December 31, 2023, respectively | 1,394 | 1,387 |
| Additional paid-in capital | 2,735,189 | 2,725,217 |
| Accumulated deficit | (632,624) | (426,704) |
| Total equity | 2,103,959 | 2,299,900 |
| Total liabilities and equity | $7,308,073 | $8,069,361 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.