Claros Mortgage Trust, Inc.

For the period ended Mar 31, 2025. Filed May 7, 2025.

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, 2025 · Filed May 7, 2025

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, 2025	March 31, 2024
Revenue
Interest and related income	$118,038	$160,845
Less: interest and related expense	89,227	115,931
Net interest income	28,811	44,914
Revenue from real estate owned	14,564	13,911
Total net revenue	43,375	58,825
Expenses
Management fees - affiliate	8,397	9,210
General and administrative expenses	4,270	3,877
Stock-based compensation expense	5,074	4,353
Real estate owned:
Operating expenses	12,915	12,880
Interest expense	6,554	6,329
Depreciation and amortization	438	2,599
Total expenses	37,648	39,248
Proceeds from interest rate cap	-	865
Unrealized loss on interest rate cap	-	(998)
Loss from equity method investment	(37)	(35)
Loss on extinguishment of debt	(547)	(2,244)
Loss on real estate owned held-for-sale	(49)	-
Provision for current expected credit loss reserve	(41,123)	(69,960)
Valuation adjustment for loan receivable held-for-sale	(42,594)	-
Net loss	$(78,623)	$(52,795)
Net loss per share of common stock:
Basic and diluted	$(0.56)	$(0.39)
Weighted average shares of common stock outstanding:
Basic and diluted	139,475,685	138,791,113

ContentsView on SEC.gov

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