Claros Mortgage Trust, Inc. Reports Second Quarter 2026 Results
CMTG reported a Q2 GAAP net loss of $255.4 million, or $1.81 per share, largely due to a $208.8 million provision for CECL reserves to align with anticipated near-term resolutions. The company made significant progress on its watchlist, resolving one loan through foreclosure and subsequently resolving another $409.5 million of UPB in July, reducing total leverage to 2.4x.
Key figures
- Watchlist loans
- 1200000000
- Loan portfolio upb
- 2800000000
- Book value per share
- 8.58
- Total leverage ratio
- 2.7x
- Cecl reserve provision
- 208800000
- Net debt to equity ratio
- 2.0x
- Subsequent loan resolutions upb
- 409500000
AI analysis
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