Claros Mortgage Trust, Inc. (CMTG)
Claros Mortgage Trust, Inc. functions as a real estate investment trust (REIT), primarily focusing on originating both senior and junior debt for commercial properties in transitional stages, located within prominent markets throughout the United States. Recognized as a REIT under the Internal Revenue Code, the company's net earnings are exempt from federal taxation, provided these profits are distributed as dividends to its investors. The firm was established in 2015 and has its corporate headquarters in New York, New York.
Sector: Real Estate
Industry: REIT - Mortgage
Claros Mortgage Trust, Inc.
NYSE:CMTGReal Estate · REIT - Mortgage
+0.00%$1.21
AH Close$1.21+0.00%vs close
AH Close$1.21+0.00%vs close
Mkt Cap$170.71M
Float106.07M
O/S141.08M
Inst Own60.3%
SI3.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$430.48M
Net Income-$489.07M
Total Assets$4.72B
Free Cash Flow-$33.18M
Debt & Equity
Debt 67%
Equity 33%
Total Debt$3.15B
Total Equity$1.53B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CMTG's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.72B
Liabilities$3.19B
Accounts Receivable$3.62B
Accounts Payable$0
Inventory$0
PP&E (Net)$730M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $430.48M | $170.67M | $129.83M | $270.2M | $215.02M | $267.71M | $249.61M | $167.17M |
| YoY Growth | 152.2% | 31.5% | -51.9% | 25.7% | -19.7% | 7.2% | 49.3% | - |
| Cost of Revenue | $804.68M | $105.97M | $49.5M | $0 | $0 | $0 | $0 | $28.07M |
| Gross Profit | -$374.2M | -$48.81M | $80.33M | $270.2M | $215.02M | $267.71M | $249.61M | $139.1M |
| Gross Margin | -86.9% | -28.6% | 61.9% | 100.0% | 100.0% | 100.0% | 100.0% | 83.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $34.13M | $15.71M | $33.2M | $26.14M | $21.4M | $61.4M | $75.71M | $32.43M |
| Other | $80.75M | $54.33M | $32.9M | $244.05M | $193.62M | $0 | $0 | -$4.18M |
| Total Operating Expenses | $114.87M | $70.04M | $72.92M | $270.2M | $215.02M | $61.4M | $75.71M | $28.25M |
| Operating Income (EBIT) | -$489.07M | -$190.36M | $107.53M | $0 | $0 | $206.31M | $173.9M | $134.74M |
| Operating Margin | -113.6% | -111.5% | 82.8% | - | - | 77.1% | 69.7% | 80.6% |
| Interest Expense | $338.15M | $466.96M | $494.14M | $261.11M | $196.23M | $172.23M | $139.75M | $0 |
| Interest Income | $389.51M | $601.41M | $697.87M | $470.67M | $415.26M | $417.63M | $389.36M | $0 |
| Other Income (Expense) | $0 | -$30.9M | -$101.5M | $112.16M | $170.39M | -$640K | $143K | $4.18M |
| Income Before Tax (EBT) | -$489.07M | -$221.26M | $6.03M | $112.16M | $170.39M | $205.67M | $174.05M | $138.92M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$489.07M | -$221.26M | $6.03M | $112.06M | $170.55M | $202.41M | $168.76M | $131.45M |
| Net Income Margin | -113.6% | -129.6% | 4.6% | 41.5% | 79.3% | 75.6% | 67.6% | 78.6% |
| Supplementary Data | ||||||||
| EPS | -3.48 | -1.60 | 0.02 | 0.80 | 1.27 | 1.44 | 1.20 | 0.93 |
| Diluted EPS | -3.48 | -1.60 | 0.02 | 0.80 | 1.27 | 1.44 | 1.20 | 0.93 |
| Weighted Average OS | 140.56M | 139.22M | 138.62M | 139.31M | 134.54M | 140.88M | 140.88M | 140.88M |
| EBITDA | -$477.11M | -$188.95M | $185.65M | $120.2M | $177.5M | $0 | $0 | $141.1M |
| EBITDA Margin | -110.8% | -110.7% | 143.0% | 44.5% | 82.5% | - | - | 84.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $173.19M | $99.08M | $188.2M | $306.46M | $310.19M | $427.51M | $335M | $69.43M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $173.19M | $99.08M | $188.2M | $306.46M | $310.19M | $427.51M | $335M | $69.43M |
| Accounts Receivable | $3.62B | $5.95B | $6.89B | $7.36B | $6.66B | $6.48B | $6.16B | $3.77B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $17.6M | $618.51M | $289.3M | $41.7M | $23.94M | $39.13M | $38.85M | $25.15M |
| Total Current Assets | $3.81B | $6.66B | $7.37B | $7.71B | $6.99B | $6.94B | $6.54B | $3.86B |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $730M | $127.14M | $522.96M | $401.19M | $406.89M | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $20.4M | $22.99M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $42.2M | $42.32M | $42.47M | $41.88M | $6.82B | $0 | $0 | $128K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $143.37M | $112.25M | $115.01M | $83.86M | $57.5M | $8.83M | $11.11M | $11.29M |
| Total Long-Term Assets | $915.57M | $302.11M | $703.44M | $526.93M | $464.39M | $8.83M | $11.11M | $11.41M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.72B | $6.97B | $8.07B | $8.24B | $7.46B | $6.95B | $6.55B | $3.87B |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $3.66M | $5.87M | $4.63M |
| Short-Term Debt | $2.11B | $274.6M | $289.91M | $289.39M | $863.81M | $1.04B | $839.78M | $1.43B |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$7.77M | $27.02M | $135.84M | $190.32M | $51.74M | $169.65M | $58.83M | $46.07M |
| Total Current Liabilities | $2.11B | $304.72M | $436.06M | $490.28M | $925.53M | $1.23B | $925.65M | $1.5B |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $1.03B | $4.61B | $5.27B | $5.11B | $3.7B | $2.7B | $2.57B | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $44.84M | $39.6M | $66.37M | $184M | $222.2M | $543.17M | $618.42M | $477.06M |
| Total Long-Term Liabilities | $1.08B | $4.65B | $5.33B | $5.29B | $3.93B | $3.24B | $3.19B | $477.06M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.19B | $4.96B | $5.77B | $5.79B | $4.85B | $4.47B | $4.12B | $1.98B |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $125K | $250K | $250K |
| Common Stock | $1.4M | $1.39M | $1.39M | $1.4M | $1.4M | $1.25M | $2.44M | $1.9M |
| Retained Earnings | -$1.22B | -$733.32M | -$426.7M | -$257.25M | -$160.96M | -$47.47M | -$34.31M | -$7.26M |
| Comprehensive Income & Other | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $2.75B | $2.74B | $2.73B | $2.71B | $2.73B | $2.49B | $2.42B | $1.86B |
| Total Equity | $1.53B | $2.01B | $2.3B | $2.46B | $2.57B | $2.45B | $2.38B | $1.85B |
| Minority Interest | $0 | $0 | $0 | $0 | $37.64M | $35.29M | $46.53M | $46.66M |
| Total Liabilities and Equity | $4.72B | $6.97B | $8.07B | $8.24B | $7.42B | $6.92B | $6.5B | $3.83B |
| Supplementary Data | ||||||||
| Total Debt | $3.15B | $4.89B | $5.56B | $5.4B | $4.57B | $3.73B | $3.41B | $1.43B |
| Net Debt | $2.97B | $4.79B | $5.37B | $5.09B | $4.26B | $3.31B | $3.08B | $1.37B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$489.07M | -$221.26M | $6.03M | $112.16M | $170.39M | $205.67M | $174.05M | $131.45M |
| Depreciation & Amortization | $11.96M | $1.42M | $9.29M | $8.04M | $7.11M | $0 | $0 | $6.36M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$15.93M | $0 | $0 | $0 |
| Stock-Based Compensation | $14.35M | $18.29M | $16.78M | $7.55M | $8.81M | $5.67M | $25.5M | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $9.46M | $165K | -$13.19M | -$13.76M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$19.25M | $17.7M | -$552K | -$51K | $4.86M | $659K | $5.87M | $6.62M |
| Other Working Capital | -$57.53M | -$24.73M | -$37.26M | -$13.15M | -$10.12M | -$1.77M | $2.24M | $0 |
| Total Working Capital Change | -$76.78M | -$24.73M | -$37.26M | -$13.21M | $4.21M | -$945K | -$5.09M | -$8.95M |
| Other Non-Cash Items | $509.09M | $310.81M | $116.3M | -$3.52M | $38.97M | -$69.9M | -$64.9M | -$19.97M |
| Net Cash from Operating | -$30.46M | $84.52M | $111.14M | $111.03M | $213.56M | $140.5M | $129.55M | $111.56M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $0 | -$2.09M | -$2.34M | -$11.46M | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | -$515K | $0 | $0 | $0 | -$150.35M |
| Purchases of Investments | $0 | $0 | $0 | -$906K | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $906K | $2.51M | $0 | $0 | $38.1M |
| Other Investing Activities | $1.87B | $779.91M | -$37.24M | -$770.44M | -$364.25M | -$208.86M | -$2.31B | -$2.08B |
| Net Cash from Investing | $1.87B | $779.91M | -$39.34M | -$773.3M | -$373.2M | -$208.86M | -$2.31B | -$2.19B |
| Financing Activities | ||||||||
| Debt Repaid | $1.75B | $804.58M | -$4.51M | -$929.28M | -$202.5M | -$357.2M | -$2.13B | -$1.07B |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $103.04M | $70M | $539.1M | $842.42M |
| Common Stock Repurchases | -$1.47M | -$3.49M | -$3.9M | -$21.4M | -$3.73M | -$125K | $0 | $0 |
| Dividends Paid | $0 | -$120.68M | -$192.16M | -$208.09M | -$204.94M | -$220M | -$185.4M | -$109.43M |
| Other Financing Activities | -$27.35M | -$17.07M | -$13.52M | -$23.5M | -$34.07M | -$45.72M | -$35.92M | -$90.8M |
| Net Cash from Financing | -$1.78B | -$945.82M | -$205.07M | $676.3M | $62.8M | $161.32M | $2.45B | $1.71B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $57.28M | -$81.39M | -$133.27M | $14.02M | -$96.84M | $92.96M | $266.08M | -$370.41M |
| Supplementary Data | ||||||||
| Operating Cash Flow | -$30.46M | $84.52M | $111.14M | $111.03M | $213.56M | $140.5M | $129.55M | $111.56M |
| Capital Expenditure | -$2.72M | -$1.35M | -$2.09M | -$2.34M | -$11.46M | $0 | $0 | $0 |
| Free Cash Flow | -$33.18M | $83.17M | $109.05M | $108.69M | $202.09M | $140.5M | $129.55M | $111.56M |
| Cash at Beginning | $133.5M | $214.89M | $348.16M | $334.14M | $430.97M | $338.02M | $71.94M | $442.35M |
| Cash at End | $190.78M | $133.5M | $214.89M | $348.16M | $334.14M | $430.97M | $338.02M | $71.94M |