CSIMarket
 
Claros Mortgage Trust Inc   (CMTG)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $9.8100 $0.02 0.204%
Day's High: $9.9 Week Perf: 0.51 %
Day's Low: $ 9.62 30 Day Perf: -2.97 %
Volume (M): 221 52 Wk High: $ 15.25
Volume (M$): $ 2,165 52 Wk Avg: $11.40
Open: $9.78 52 Wk Low: $9.06



 Market Capitalization (Millions $) 1,363
 Shares Outstanding (Millions) 139
 Employees -
 Revenues (TTM) (Millions $) 314
 Net Income (TTM) (Millions $) -51
 Cash Flow (TTM) (Millions $) 68
 Capital Exp. (TTM) (Millions $) 7

Claros Mortgage Trust Inc
The company is a CRE finance company with a primary focus on originating senior and subordinate loans on transitional CRE assets located in major U.S. markets. They offer mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans including mezzanine loans secured by a pledge of equity ownership interests in the direct or indirect property owner rather than directly in the underlying commercial properties. The loans are subordinate to a mortgage loan but senior to the property owner's equity ownership interests.

The company specializes in transitional CRE assets, which are properties that require repositioning, renovation, rehabilitation, leasing, development, or redevelopment, or other value-added elements in order to maximize value. They believe that their Sponsor's real estate development, ownership, and operations experience and infrastructure differentiate them in lending on these transitional CRE assets. Their objective is to be a premier provider of debt capital for transitional CRE assets and to generate attractive risk-adjusted returns for their stockholders over time, primarily through dividends. They strive to create a diversified investment portfolio of CRE loans that they generally intend to hold to maturity. They focus primarily on originating loans ranging from $50 million to $300 million on transitional CRE assets located in major U.S. markets with attractive fundamental characteristics supported by macroeconomic tailwinds.

The company was organized as a Maryland corporation on April 29, 2015, and commenced operations on August 25, 2015. Their common stock is traded on the New York Stock Exchange under the symbol "CMTG." They have elected and believe they have qualified to be taxed as a REIT for U.S. federal income tax purposes commencing with their taxable year ended December 31, 2015. They are externally managed and advised by their Manager, an investment adviser registered with the SEC pursuant to the Investment Advisers Act of 1940.

The company is externally managed by their Manager, an affiliate of MRECS. Their Sponsor owns, develops, invests in and manages real estate equity, debt and securities on behalf of third-party institutional and high net worth investors. The members of their Sponsor's senior management team have, on average, more than 25 years of real estate and finance experience. They leverage their Sponsor's platform to originate, underwrite, structure and asset manage a portfolio of loan assets that align with their differentiated investment strategy. In performing its duties to the company, the Manager benefits from the resources, relationships, fundamental real estate underwriting and management expertise of the Sponsor's broad group of real estate professionals.

Their Manager is responsible for executing their loan origination, capital markets, portfolio management, asset management and monitoring activities and managing their day-to-day operations. To perform its role in a flexible and efficient manner, their Manager leverages professionals employed by their Sponsor whose services are made available to the Manager and, in turn, to the company. They believe their Manager benefits from access to individuals with extensive experience in identifying, analyzing, acquiring, financing, hedging, managing and operating real estate investments across investment cycles, geographies, property types, investment types and strategies, including debt and equity interests, controlling and non-controlling investments, corporate and securities investments (including CMBS) and a variety of joint ventures. The Manager is at all times subject to the supervision, direction and management of the company's board of directors.


   Company Address: c/o Mack Real Estate Credit Strategies, L.P. New York 10023 NY
   Company Phone Number: 484-0050   Stock Exchange / Ticker: NYSE CMTG
    Next quarterly dividend pay out on April 15, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Dividend

Claros Mortgage Trust, Inc.: 2023 Dividend Tax Treatment Unveiled

Published Wed, Jan 31 2024 9:41 PM UTC



In a recent press release, Claros Mortgage Trust, Inc. (NYSE: CMTG) ?? popularly known as CMTG ?? disclosed the tax treatment details of its 2023 common stock dividends. Investors eagerly await such announcements as they play a crucial role in assessing the impact on the company's shares. This article will provide an overview of the facts outlined in the press rele...

Dividend

Claros Mortgage Trust, Inc. Declares Dividend: Empowering Investors with Promising Returns

Published Thu, Dec 14 2023 10:20 PM UTC



In a recent press release, Claros Mortgage Trust, Inc. (NYSE: CMTG) announced the declaration of a $0.25 per share dividend for the fourth quarter of 2023. This dividend is set to be paid on January 12, 2024, to stockholders registered as of December 29, 2023. As a real estate investment trust (REIT), the company's primary focus lies in originating senior and subor...

Claros Mortgage Trust Inc

CMTG Faces Dismal Losses Despite Impressive Revenue Increase in Q3 2023 Earnings Season

Claros Mortgage Trust Inc, a prominent player in the mortgage industry, recently released its financial results for the fiscal third quarter of 2023. The company reported a deficit of $-0.50 per share, a decrease from $0.30 per share in the same period last year. Moreover, the earnings per share (EPS) fell from $0.02 per share compared to the previous reporting season.
In terms of revenue, Claros Mortgage Trust Inc experienced a growth of 5.412%, reaching $80.55 million compared to $76.42 million in the same reporting season a year ago. However, sequentially, there was a slight decrease of -0.46% from $80.93 million.

Dividend

Creative Claros Mortgage Trust, Inc.: Navigating Uncertain Waters, Declares Dividend for Supportive Investors

Published Fri, Sep 15 2023 9:33 PM UTC

Claros Mortgage Trust, Inc. Declares Dividend Amidst Unsettled Real Estate Market
As of the writing of this article, Claros Mortgage Trust, Inc. (NYSE: CMTG) has announced the declaration of a dividend of $0.25 per share of common stock for the third quarter of 2023. This move comes as the company seeks to establish a sustainable dividend level, taking into account the c...

Claros Mortgage Trust Inc

CMTG Experiences a Sharp Decline in Q2 2023 Income Amidst Robust Revenue Surges



In the fiscal three months ending June 30, 2023, Claros Mortgage Trust Inc (CMTGs) witnessed a significant decline in income, even as it reported a substantial increase in revenue. This article will examine the company's recent financial results and delve into the context surrounding these figures.
Income Plunges as Revenue Continues to Rise:
While Claros Mortgage Trust Inc experienced a robust revenue growth of 16.876% to reach $80.93 million in the three-month period, its income plummeted by a staggering 95.56% to a meager $0.02 per share. By comparison, in the same period the previous year, the company had recorded an income of $0.26 per share and revenue of $69.10 million.






 

Claros Mortgage Trust Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com