Claros Mortgage Trust, Inc. Reports Third Quarter 2026 Results
Claros Mortgage Trust reported a Q3 2026 GAAP net loss of $14.3 million, or $0.10 per share, with distributable loss of $12.1 million ($0.08 per share), a sharp improvement from Q2's $255.4 million net loss. The company resolved four loans totaling $409.5 million of UPB, sold an REO asset for $22.5 million, cut watchlist loans to $1.1 billion (down $547.2 million from year-end), and deleveraged by $99.9 million, bringing net debt-to-equity to 1.7x. Book value stands at $8.49 per share net of CECL reserves of 18.5% of UPB, with total liquidity of $146.9 million.
Key figures
- Cash
- 133800000
- Cecl reserves
- 566200000
- Gaap net loss
- 14300000
- Reo portfolio
- 700700000
- Total liquidity
- 146900000
- Distributable loss
- 12100000
- Hfi loan portfolio
- 2500000000
- Net debt to equity
- 1.7x
- Resolved loans upb
- 409500000
- Book value per share
- 8.49
- Cecl reserve pct upb
- 18.5%
- Reo sale gross proceeds
- 22500000
- Watchlist carrying value
- 1100000000
- Weighted avg yield to maturity
- 5.7%
- Distributable loss prior to realized gains
- 7900000
AI analysis
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