Claros Mortgage Trust, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
View on SEC.govAbout 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.
Sep 30, 2026 · Filed Nov 3, 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)
| Nine Months Ended | ||
|---|---|---|
| September 30, 2026 | September 30, 2025 | |
| Cash flows from operating activities | ||
| Net Loss | $(323,982) | $(269,858) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Accretion of fees and discounts on loans receivable | (3,841) | (8,454) |
| Amortization of deferred financing costs on secured financings | 15,102 | 16,851 |
| Amortization of deferred financing costs on debt related to real estate owned hotel portfolio | 2,123 | 1,590 |
| Amortization of discount on secured term loan | 2,255 | - |
| Non-cash stock-based compensation expense | 5,397 | 12,050 |
| Depreciation and amortization on real estate owned, in-place lease values, and deferred leasing costs | 16,996 | 5,023 |
| Amortization of above and below market lease values, net | 477 | 946 |
| Straight-line rent adjustment | (401) | (434) |
| Unrealized loss on interest rate cap | - | 71 |
| Gain on sales of real estate owned | (341) | (366) |
| Loss from equity method investment | 116 | 93 |
| Loss on extinguishment of debt | 5,898 | 547 |
| Valuation adjustment for real estate owned held-for-sale | 29,627 | (12,618) |
| Non-cash advances on loans receivable in lieu of interest | (1,064) | (39,011) |
| Non-cash advances on secured financings in lieu of interest | - | 6,234 |
| Non-cash advances on debt related to real estate owned hotel portfolio | - | 1,146 |
| Repayment of non-cash advances on loans receivable in lieu of interest | 31,845 | 27,991 |
| Repayment of non-cash advances on debt related to real estate owned hotel portfolio | - | (1,146) |
| Provision for current expected credit loss reserve | 240,598 | 254,846 |
| Valuation adjustment for loan receivable held-for-sale | - | 41,767 |
| Changes in operating assets and liabilities: | ||
| Other assets | (20,955) | (44,248) |
| Other liabilities | (9,464) | (6,591) |
| Management fee payable - affiliate | (951) | (19,287) |
| Net cash used in operating activities | (10,565) | (32,858) |
| Cash flows from investing activities | ||
| Loan originations, acquisitions and advances, net of fees | (34,022) | (84,735) |
| Advances on loan receivable held-for-sale | - | (12,079) |
| Repayments of loans receivable | 534,896 | 1,280,016 |
| Proceeds from sales of loans receivable | 260,325 | 304,004 |
| Extension and exit fees received from loans receivable | 683 | 2,284 |
| Proceeds from sales of real estate owned | 69,209 | 38,648 |
| Capital expenditures on real estate owned | (8,099) | (1,113) |
| Capital expenditures on real estate owned held-for-sale | - | (362) |
| Payment of deferred leasing costs | (28) | (353) |
| Cash and restricted cash acquired from foreclosures on real estate owned | 3,419 | 4,148 |
| Payment of transaction costs from foreclosures on real estate owned | (537) | (1,376) |
| Net cash provided by investing activities | 825,846 | 1,529,082 |
Consolidated Statements of Cash Flows
(unaudited, in thousands)
| Nine Months Ended | |||
|---|---|---|---|
| September 30, 2026 · September 30, 2025 | |||
| Cash flows from financing activities | |||
| Payments for withholding taxes upon delivery of stock-based awards | (998) | (1,467) | |
| Proceeds from secured financings | 12,116 | 690,528 | |
| Proceeds from secured term loan and issuance of warrants | 500,000 | - | |
| Proceeds from debt related to real estate owned hotel portfolio | - | 235,000 | |
| Payment of deferred financing costs | (23,455) | (20,762) | |
| Payment of equity issuance costs | (500) | - | |
| Payment of fees on secured financings | (2,592) | (1,038) | |
| Purchase of interest rate cap | - | (71) | |
| Repayments of secured financings | (785,127) | (1,894,932) | |
| Repayments of secured term loan | (556,188) | (5,721) | |
| Repayments of debt related to real estate owned hotel portfolio | - | (275,000) | |
| Net cash used in financing activities | (856,744) | (1,273,463) | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (41,463) | 222,761 | |
| Cash, cash equivalents and restricted cash, beginning of period | 190,785 | 133,500 | |
| Cash, cash equivalents and restricted cash, end of period | $149,322 | $356,261 | |
| Cash and cash equivalents, end of period | $133,764 | $339,518 | |
| Restricted cash, end of period | 15,558 | 16,743 | |
| Cash, cash equivalents and restricted cash, end of period | $149,322 | $356,261 | |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $148,342 | $250,107 | |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Accrued deferred financing costs | $244 | $ | - |
| Accrued equity issuance costs | $6 | $ | - |
| Real estate acquired in foreclosure | $58,574 | $250,670 | |
| Lease intangibles, net acquired in foreclosures on real estate owned | $1,226 | $7,030 | |
| Working capital acquired in foreclosures on real estate owned | $(3,968) | $(3,862) | |
| Settlement of loan receivable in foreclosure on real estate owned | $102,011 | $305,298 | |
| 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.