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Claros Mortgage Trust, Inc. operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to federal and state income tax on that portion of its income that is distributed to shareholders if it distributes at least 90% of its taxable income and complies with certain other requirements to quality as a REIT. Claros Mortgage Trust, Inc. was incorporated in 2015 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $92M | - | $-489M | $-33M | -31.9% | -5.6% | - |
| 2024 | $98M | - | $-221M | $83M | -11.0% | -60.7% | -3771.2% |
| 2023 | $249M | - | $6M | $109M | 0.3% | -7.9% | -94.6% |
| 2022 | $270M | - | $112M | $109M | 4.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 270.20 | 248.89 | 97.78 | 92.33 |
| Pretax Income | 112.16 | 6.03 | -221.26 | -489.07 |
| Net Income | 112.06 | 6.03 | -221.26 | -489.07 |
| Net Income Common Stockholders | 109.67 | 2.35 | -223.21 | -489.07 |
| Interest Expense | 261.11 | 494.14 | 466.96 | 338.15 |
| Interest Income | 470.67 | 697.87 | 601.41 | 389.51 |
| Selling General And Administration | 26.14 | 33.20 | 33.81 | 34.13 |
| Normalized Income | 61.92 | -61.57 | -224.02 | -602.59 |
| Basic EPS | 0.79 | 0.02 | -1.60 | -3.49 |
| Diluted EPS | 0.79 | 0.02 | -1.60 | -3.49 |
| Tax Effect Of Unusual Items | 13.33 | 17.97 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0 | 0 |
| Total Unusual Items | 63.47 | 85.57 | 2.75 | 113.52 |
| Total Unusual Items Excluding Goodwill | 63.47 | 85.57 | 2.75 | 113.52 |
| Net Income From Continuing Operation Net Minority Interest | 112.06 | 6.03 | -221.26 | -489.07 |
| Reconciled Depreciation | 0 | 0.71 | 1.42 | 1.20 |
| Net Interest Income | 209.56 | 203.73 | 134.45 | 51.36 |
| Net Income From Continuing And Discontinued Operation | 112.06 | 6.03 | -221.26 | -489.07 |
| Diluted Average Shares | 139.31 | 138.62 | 139.23 | 140.15 |
| Basic Average Shares | 139.31 | 138.62 | 139.23 | 140.15 |
| Diluted NI Availto Com Stockholders | 109.67 | 2.35 | -223.21 | -489.07 |
| Otherunder Preferred Stock Dividend | 2.40 | 3.68 | 1.95 | 0 |
| Minority Interests | -0.09 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 112.16 | 6.03 | -221.26 | -489.07 |
| Net Income Continuous Operations | 112.16 | 6.03 | -221.26 | -489.07 |
| Other Non Operating Income Expenses | 0 | 0 | 0 | 0 |
| Special Income Charges | 0 | 2.22 | -4.13 | -1.39 |
| Gain On Sale Of Security | 6.54 | 0.94 | -0.11 | -0.07 |
| Depreciation Amortization Depletion Income Statement | 8.04 | 9.29 | 10.49 | 10.75 |
| Depreciation And Amortization In Income Statement | 8.04 | 9.29 | 10.49 | 10.75 |
| Depreciation Income Statement | 8.04 | 0 | 0 | 0 |
| General And Administrative Expense | 26.14 | 33.20 | 33.81 | 34.13 |
| Other Gand A | 18.69 | 16.61 | 15.71 | 19.99 |
| Salaries And Wages | 7.46 | 16.60 | 18.10 | 14.14 |
| Operating Revenue | 270.20 | 248.89 | 97.78 | 92.33 |
| Other Non Interest Expense | 41.98 | 49.50 | 57.84 | 68.47 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Claros Mortgage Trust, Inc.this co. | CMTG | $363M | - | 0.24 | -31.9% | - |
| Gladstone Land Corporation | LAND | $407M | - | 0.55 | 2.0% | 13.18 |
| FRP Holdings, Inc. | FRPH | $398M | 115.44 | 0.93 | 0.7% | 44.40 |
| FrontView REIT, Inc. | FVR | $398M | - | 1.00 | -0.8% | 16.32 |
| KKR Real Estate Finance Trust Inc. | KREF | $396M |
| - |
| 0.46 |
| -3.8% |
| - |
| Alpine Income Property Trust, Inc. | PINE | $339M | - | 1.01 | -0.9% | 14.86 |
| NexPoint Real Estate Finance, Inc. | NREF | $328M | 5.03 | 0.69 | 12.7% | - |
| Transcontinental Realty Investors, Inc. | TCI | $322M | 23.26 | 0.38 | 1.6% | 85.49 |
| Ready Capital Corporation | RC | $302M | - | 0.21 | -13.9% | - |
| Peer Median | - | 23.26 | 0.62 | -0.0% | 16.32 | |