Claros Mtg Tr Inc Stock Price, News & Analysis

Claros Mortgage Trust (NYSE: CMTG) has scheduled its first quarter 2025 financial results release for Wednesday, May 7, 2025, after the NYSE trading closes. The company will host a conference call to discuss the results on Thursday, May 8, 2025, at 10:00 a.m. ET.

Investors can access the conference call by dialing 1-833-470-1428 (access code: 926132) or through the live webcast available on CMTG's Investor Relations website. An earnings presentation with supplemental information will be available on the company's website before the call. A replay will be accessible via webcast or by calling 1-866-813-9403 (access code: 384101).

Halo Vista, a landmark 2,300+ acre mixed-use development project in Phoenix's North Valley, has appointed Chris Janson as President of Mack Halo Vista The development, adjacent to TSMC's $165 billion semiconductor fabrication campus, is being developed by Mack Real Estate Group (MREG) and McCourt Partners.

Janson brings over 25 years of experience in development, having led nearly $2 billion in land transactions across the Western U.S. The project, awarded to MREG by The Arizona State Land Department in May 2024, is envisioned as a 'city within a city' focused on science and innovation.

The development aims to drive economic growth and attract world-class talent to Phoenix. MREG's existing Phoenix portfolio includes industrial properties in Deer Valley and Scottsdale, along with several multifamily projects.

Claros Mortgage Trust (NYSE: CMTG) has announced its 2025 Annual Meeting of Stockholders, scheduled for June 4, 2025, at 1:00 p.m. ET. The meeting will be held virtually, accessible via www.virtualshareholdermeeting.com/CMTG2025.

Stockholders of record as of April 7, 2025 will be eligible to vote and submit questions during the virtual meeting using their 16-digit control number. A replay of the webcast will be available on CMTG's website for one year following the meeting.

CMTG is a real estate investment trust primarily focused on originating senior and subordinate loans on transitional commercial real estate assets in major U.S. markets. The company is externally managed by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies.

Claros Mortgage Trust (NYSE: CMTG) reported significant losses for Q4 and full-year 2024. The company posted a GAAP net loss of $100.7 million ($0.72 per share) for Q4 and $221.3 million ($1.60 per share) for the full year. Distributable Loss was $83.2 million in Q4 and $95.7 million for 2024.

Key highlights include a $6.1 billion loan portfolio with 7.6% weighted average yield, $300 million in loan repayment and sale proceeds in Q4, and total liquidity of $102 million. The company reduced outstanding financings by $244 million in Q4, including $81 million in deleveraging payments. For the full year, CMTG achieved $1.3 billion in loan repayment and sale proceeds, a 68% increase from 2023, and reduced total unfunded loan commitment by over 50%.

The company recorded a provision for CECL reserves of approximately $30 million ($0.21 per share) for Q4, with total CECL reserve at 4.3% of unpaid principal balance. Book value stands at $14.12 per share.

Claros Mortgage Trust (NYSE: CMTG) has scheduled its fourth quarter and full-year fiscal 2024 financial results announcement for Wednesday, February 19, 2025, after NYSE trading hours. The company will host a conference call to discuss the results on Thursday, February 20, 2025, at 10:00 a.m. ET.

Investors can access the conference call by dialing 1-833-470-1428 (access code: 138857) or through the live webcast available on CMTG's website. An earnings presentation will be available on the company's website before the call. A replay will be accessible via webcast or by calling 1-866-813-9403 (access code: 569832).

CMTG is a REIT focusing on senior and subordinate loans for transitional commercial real estate assets in major U.S. markets, managed externally by Claros REIT Management LP.

Claros Mortgage Trust (NYSE: CMTG) has disclosed the tax treatment of its 2024 common stock dividends. The company distributed total dividends of $0.85 per share for the tax year 2024, consisting of $0.60 in cash distributions and a $0.25 adjustment. The dividends were paid quarterly on January 12, April 15, July 15, and October 15, 2024.

Of the total distributions, $0.4299 was classified as ordinary dividends, and $0.4201 as non-dividend distributions. No qualified dividends or capital gain dividends were declared. The January 2024 distribution of $0.25, declared in Q4 2023, was treated as a 2024 distribution for federal tax purposes due to 2023 dividends exceeding earnings and profits.

Claros Mortgage Trust (NYSE: CMTG) announced the suspension of its quarterly common stock dividend starting with the fourth quarter dividend scheduled for January 2025. The company has already paid three quarterly dividends in 2024, totaling $0.60 per share, which exceeds its 2024 taxable income estimate.

CEO Richard Mack explained that having fulfilled REIT taxable income distribution requirements for 2024, the dividend suspension aims to preserve capital and enhance financial flexibility for future capital allocation decisions. The Board will consider reinstating the quarterly dividend based on market conditions, company performance, and estimated REIT taxable income.

Claros Mortgage Trust (NYSE: CMTG) reported a GAAP net loss of $56.2 million, or $0.40 per share, for Q3 2024. The company's loan portfolio stands at $6.3 billion with an 8.4% weighted average yield. Key highlights include $374 million in loan repayments, $86 million funded on existing commitments, and total liquidity of $116 million. The company maintained a book value of $14.83 per share and paid a quarterly dividend of $0.10 per share. CMTG recorded a provision for CECL reserves of $79 million and subsequently sold two held-for-sale loans for $142 million, generating net liquidity of $51 million.

Claros Mortgage Trust (NYSE: CMTG) has scheduled its third quarter 2024 financial results release for Thursday, November 7, 2024, after NYSE trading hours. The company will host a conference call to discuss the results on Friday, November 8, 2024, at 10:00 a.m. ET. Investors can access the call by dialing 1-833-470-1428 (access code: 426287) or through the company's website. An earnings presentation will be available on the website before the call, and a replay will be accessible via webcast or by calling 1-866-813-9403 (access code: 216734).