Claros Mortgage Trust, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 20, 2024 at 04:17 pm EST
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Claros Mortgage Trust, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net income was USD 34.04 million compared to net loss of USD 22.65 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to basic loss per share from continuing operations of USD 0.17 a year ago.
Claros Mortgage Trust, Inc. is a real estate investment trust. The Company is focused primarily on originating senior and subordinate loans on transitional commercial real estate (CRE) assets located in markets across the United Sates. Its objective is to provide debt capital for transitional CRE assets and, in doing so, to generate risk-adjusted returns for its stockholders. It seeks primarily to originate, co-originate and acquire senior and subordinate loans on transitional CRE assets located in the United States markets and generally intend to hold its loans to maturity. In addition to its primary focus on the United States markets, it also seeks to originate senior and subordinate loans on transitional CRE assets located in other markets. It also focuses on mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans, including mezzanine loans. The Company is externally managed and advised by Claros REIT Management LP.
CLAROS MORTGAGE TRUST, INC. 
