Claros Mortgage Trust, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
CMTG$1.70-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(unaudited, in thousands)
| Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Cash flows from operating activities | ||
| Net Loss | $(54,294) | $(78,623) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Accretion of fees and discounts on loans receivable | (1,660) | (2,797) |
| Amortization of deferred financing costs on secured financings | 6,487 | 5,765 |
| Amortization of deferred financing costs on debt related to real estate owned hotel portfolio | 707 | 396 |
| Amortization of discount on secured term loan | 569 | - |
| Non-cash stock-based compensation expense | 2,369 | 5,122 |
| Depreciation and amortization on real estate owned, in-place lease values, and deferred leasing costs | 6,399 | 438 |
| Amortization of above and below market lease values, net | 258 | 354 |
| Straight-line rent adjustment | (201) | - |
| Loss from equity method investment | 38 | 37 |
| Loss on extinguishment of debt | 5,898 | 547 |
| Loss on real estate owned held-for-sale | - | 49 |
| Non-cash advances on loans receivable in lieu of interest | (964) | (14,487) |
| Non-cash advances on secured financings in lieu of interest | - | 2,188 |
| Repayment of non-cash advances on loans receivable in lieu of interest | 20,036 | 2,423 |
| Provision for current expected credit loss reserve | 31,372 | 41,123 |
| Valuation adjustment for loan receivable held-for-sale | - | 42,594 |
| Changes in operating assets and liabilities: | ||
| Other assets | (12,026) | (15,737) |
| Other liabilities | (11,039) | (6,554) |
| Management fee payable - affiliate | (427) | (18,623) |
| Net cash used in operating activities | (6,478) | (35,785) |
| Cash flows from investing activities | ||
| Loan originations, acquisitions and advances, net of fees | (21,212) | (27,404) |
| Advances on loan receivable held-for-sale | - | (12,079) |
| Repayments of loans receivable | 224,693 | 213,001 |
| Proceeds from sales of loans receivable | 197,500 | 100,985 |
| Extension and exit fees received from loans receivable | 168 | 341 |
| Capital expenditures on real estate owned | (2,264) | (49) |
| Cash and restricted cash acquired from foreclosures on real estate owned | 1,933 | - |
| Payment of transaction costs from foreclosures on real estate owned | (269) | - |
| Net cash provided by investing activities | 400,549 | 274,795 |
Consolidated Statements of Cash Flows
(unaudited, in thousands)
| Three Months Ended | ||||
|---|---|---|---|---|
| March 31, 2026 · March 31, 2025 | ||||
| Cash flows from financing activities | ||||
| Proceeds from secured financings | 10,708 | 222,776 | ||
| Proceeds from secured term loan and issuance of warrants | 500,000 | - | ||
| Payment of deferred financing costs | (18,513) | (4,675) | ||
| Payment of equity issuance costs | (493) | - | ||
| Payment of fees on secured financing | (2,592) | (1,038) | ||
| Repayments of secured financings | (387,334) | (438,794) | ||
| Repayments of secured term loan | (556,188) | (1,907) | ||
| Net cash used in financing activities | (454,412) | (223,638) | ||
| Net (decrease) increase in cash, cash equivalents and restricted cash | (60,341) | 15,372 | ||
| Cash, cash equivalents and restricted cash, beginning of period | 190,785 | 133,500 | ||
| Cash, cash equivalents and restricted cash, end of period | $130,444 | $148,872 | ||
| Cash and cash equivalents, end of period | $116,782 | $127,829 | ||
| Restricted cash, end of period | 13,662 | 21,043 | ||
| Cash, cash equivalents and restricted cash, end of period | $130,444 | $148,872 | ||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | $54,222 | $91,871 | ||
| Supplemental disclosure of non-cash investing and financing activities: | ||||
| Accrued deferred financing costs | $333 | $1,851 | ||
| Accrued equity issuance costs | $9 | $ | - | |
| Accrued deferred leasing costs | $ | - | $353 | |
| Real estate acquired in foreclosure | $36,504 | $ | - | |
| Lease intangibles, net acquired in foreclosures on real estate owned | $896 | $ | - | |
| Working capital acquired in foreclosures on real estate owned | $(3,272) | $ | - | |
| Settlement of loan receivable in foreclosure on real estate owned | $76,577 | $ | - | |
| Settlement of loan receivable through assignment to lender | $56,166 | $ | - | |
| Settlement of note payable through assignment to lender | $56,166 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.