Welcome to our dedicated page for Claros Mtg Tr SEC filings (Ticker: CMTG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Claros Mortgage Trust, Inc. (NYSE: CMTG) SEC filings page on Stock Titan provides streamlined access to the company’s regulatory disclosures as a publicly traded mortgage REIT. Claros Mortgage Trust files annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K that describe its commercial real estate loan portfolio, financing arrangements, credit risk management, and non-GAAP performance metrics.
In its 8-K filings, CMTG reports material events such as amendments to its term loan credit agreement, changes to master repurchase facilities, and the completion of mortgage foreclosures on collateral properties that become real estate owned (REO). The company also uses 8-Ks to furnish earnings press releases and supplemental financial information, which include reconciliations from GAAP net income (loss) to Distributable Earnings (Loss) and Distributable Earnings prior to realized gains and losses.
Through its periodic reports, Claros Mortgage Trust discloses details on current expected credit loss (CECL) reserves, risk ratings, watchlist loans, and non-accrual loans, as well as information on leverage, liquidity, and outstanding financings. As a REIT, it also discusses distribution requirements and how non-GAAP measures factor into dividend decisions. Investors reviewing these filings can better understand how the company evaluates credit risk, recognizes charge-offs of principal and accrued interest, and accounts for valuation adjustments on loans and REO held-for-sale.
On Stock Titan, CMTG’s SEC filings are updated in near real time as new documents are posted to the SEC’s EDGAR system. AI-powered summaries help explain complex sections of lengthy filings, highlight key changes in covenants or capital structure, and clarify the implications of items such as CECL provisions, loan resolutions, and amendments to financing facilities. Users can also review insider and governance-related filings, such as Forms 4 and proxy materials, to gain additional perspective on management incentives and corporate actions.
Claros Mortgage Trust, Inc. details its commercial real estate lending business, portfolio, financing, and key risks in its annual report. The company focuses on senior and subordinate loans on transitional CRE assets in major U.S. markets and operates as an externally managed REIT.
As of December 31, 2025, Claros reported a $3.7 billion loan portfolio across 33 loans, with carrying value of $3.69 billion after $365.4 million of specific credit loss reserves and a weighted average yield to maturity of 6.2%. The loan book is concentrated in multifamily, hospitality, office, mixed-use, land, and construction lending.
Credit quality is under pressure: 12 investments with $1.1 billion of carrying value, or 31.1% of the portfolio, were on non‑accrual status, and the firm resolved $2.6 billion of unpaid principal during 2025 through repayments, loan sales, discounted payoffs, and foreclosures. It now owns eight real estate owned assets with $746.8 million of carrying value.
The company relies on repurchase agreements, a term participation facility, asset‑specific financings, hotel debt, and a secured term loan, with a net debt‑to‑equity ratio of 1.9x and Total Leverage Ratio of 2.5x as of December 31, 2025. Management expects the Total Leverage Ratio to range from 2.0x to 3.0x over time.
Claros Mortgage Trust, Inc. reported upcoming board changes. Director Vincent Tese plans to retire and will not stand for re-election at the 2026 Annual Meeting, and the company states his decision did not involve any disagreement over operations or policies.
The board elected Denise Olsen as an independent director, effective March 2, 2026, to serve until the 2026 Annual Meeting and join the Audit Committee. The board will temporarily expand to ten members, then return to nine after Mr. Tese’s term ends. Olsen will receive an annual cash retainer of $85,000 and will be eligible for annual RSU awards valued at $125,000 under the 2016 Incentive Award Plan, with standard vesting and deferral features.
Claros Mortgage Trust entered into a new $500 million term loan with investment funds managed by HPS Investment Partners on January 30, 2026. The company used the proceeds, plus cash on hand, to fully repay about $556.2 million under its prior secured term loan, extending its debt maturity to January 30, 2030.
The new facility bears interest at the Term SOFR rate plus 6.75%, with a 2.50% SOFR floor, and includes an exit fee designed to ensure a minimum 1.175x multiple of invested capital if that threshold is not otherwise met. It is secured by liens on assets and equity of certain subsidiaries and is guaranteed by certain subsidiaries.
The agreement adds detailed financial covenants, including a maximum total debt-to-equity ratio of 3.50:1.00, a minimum tangible net worth of $1.0 billion plus 75% of future equity proceeds, and a phased-in minimum interest coverage ratio beginning in 2027. Related amendments with JPMorgan, Morgan Stanley, and Wells Fargo align those facilities’ interest coverage and tangible net worth tests, and reduce one Morgan Stanley facility’s maximum amount from $750 million to $250 million.
As consideration for the term loan, Claros Mortgage Trust issued detachable warrants to HPS-managed lenders to purchase up to 7,542,227 common shares, equal to 5.00% of fully diluted shares, at a $4.00 exercise price, which is a 46% premium to the closing price on the closing date. The warrants are exercisable for ten years and were issued in a private placement, with accompanying registration rights for the underlying shares.
The lenders also received governance rights, including the ability to appoint two non-voting board observers, who become full directors if a material event of default occurs. On January 30, 2026, the board adopted amended and restated bylaws to implement these governance features, including automatic board expansion, formation of a restructuring committee during a material event of default, and requiring the administrative agent’s consent for future changes to these specific bylaw provisions. The company also amended its management agreement to allow termination of its external manager without a termination fee if a material event of default continues and the board, following a restructuring committee recommendation, chooses to remove the manager.
Claros Mortgage Trust, Inc. disclosed that one of its directors reported an equity-based compensation transaction. On 01/02/2026, the director acquired 10,315 Deferred Stock Units (DSUs), recorded as an acquisition of derivative securities at a price of $0.00 per unit. Each DSU represents a right to receive one share of Claros Mortgage Trust common stock, or, at the company’s election, cash, after the deferral period set out in the company’s Deferred Compensation Plan.
The filing notes that these DSUs represent director cash fees that were deferred under the plan and are fully vested. Following this transaction, the director beneficially owns 70,895 derivative securities in the form of DSUs, all held in direct ownership. The DSUs have no expiration date, meaning they remain outstanding until they are ultimately settled in stock or cash pursuant to the plan’s terms.
Claros Mortgage Trust, Inc. director Steven Leonard Richman reported acquiring additional deferred stock-based compensation. On 01/02/2026, he received 6,877 Deferred Stock Units (DSUs) under the company’s Deferred Compensation Plan in lieu of director cash fees, at a stated price of $0.00 per unit. After this transaction, he beneficially owned 49,005 derivative securities in the form of DSUs on a direct basis.
The DSUs are fully vested and each unit is designed to convert into one share of Claros Mortgage Trust common stock, or at the issuer’s election into cash, after the deferral period defined in the plan. The DSUs have no expiration date, meaning they remain outstanding until settled according to the plan’s terms.
Claros Mortgage Trust (CMTG) entered a material amendment to its Term Loan Credit Agreement. Effective November 5, 2025, Amendment No. 6 requires a $150,000,000 prepayment of outstanding term loans and temporarily lowers the minimum Tangible Net Worth covenant to $1,400,000,000 through March 31, 2026. The amendment also waives the minimum Interest Coverage Ratio covenant for the test periods for fiscal quarters ending September 30, 2025, December 31, 2025, and March 31, 2026.
Other changes include modifications to affirmative and negative covenants, a requirement to prepay term loans with a portion of Net Proceeds from certain Dispositions, and limits on creating or transferring assets to unrestricted subsidiaries. The amendment is subject to conditions subsequent, including payment of certain fees and expenses within three business days of the effective date.
Claros Mortgage Trust, Inc. furnished a press release and supplemental report announcing its financial results for the quarter ended September 30, 2025. The materials are available as Exhibits 99.1 and 99.2 and on the company’s investor relations website.
The disclosures were provided under Items 2.02 and 7.01 and are designated as “furnished,” not “filed,” under the Exchange Act.
Claros Mortgage Trust (CMTG) reported a Q3 2025 net loss of $9.5 million (−$0.07 per share), narrowing from a $56.2 million loss a year ago. Total net revenue was $46.1 million, down from $64.9 million, as net interest income declined to $17.1 million with a smaller, lower‑yielding loan book.
Balance sheet contraction continued. Total assets fell to $5.44 billion from $6.97 billion at year‑end, driven by repayments, loan sales and foreclosures. Loans held‑for‑investment, net, decreased to $4.21 billion from $5.95 billion, while real estate owned held‑for‑investment rose to $661.6 million from $127.1 million. Cash and cash equivalents increased to $339.5 million from $99.1 million, and repurchase agreements declined to $2.18 billion from $3.19 billion.
Credit costs remained elevated year‑to‑date. The company recorded a provision for current expected credit losses of $254.8 million for the nine months ended September 30, 2025. The loan portfolio shrank from 52 to 37 loans, with unpaid principal falling to $4.52 billion and the weighted average interest rate moving to 6.16%. Operating cash flow was a use of $32.9 million, while investing activities provided $1.53 billion and financing used $1.27 billion, lifting ending cash and restricted cash to $356.3 million.
Claros Mortgage Trust, Inc. disclosed amendments to two financing facilities with JPMorgan Chase Bank, National Association. Effective September 30, 2025, an amendment to its Amended and Restated Master Repurchase Agreement for subsidiary CMTG JNP Finance LLC increased the maximum facility amount to $1.1 billion. On the same date, a separate amendment to the Amended and Restated Master Repurchase Agreement for subsidiary CMTG JP Finance LLC decreased that facility’s maximum amount to $1.9 billion. These amendments are treated as creating a direct financial obligation or an obligation under an off‑balance sheet arrangement and are filed as exhibits to the report.
Claros Mortgage Trust (CMTG) disclosed a Form 4 for director Steven Leonard Richman, showing the acquisition of 6,231 Deferred Stock Units (DSUs) on 10/01/2025 at $0, reflecting director cash fees deferred under the company’s Deferred Compensation Plan.
The DSUs are fully vested and convert into one share of common stock per unit, or into cash at the issuer’s election, following the plan’s deferral period; they have no expiration date. After this transaction, 42,128 derivative securities were beneficially owned on a direct basis.