Claros Mortgage Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:21 pm EDT
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Claros Mortgage Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 68.95 million compared to net income of USD 42.07 million a year ago. Basic loss per share from continuing operations was USD 0.5 compared to basic earnings per share from continuing operations of USD 0.3 a year ago.
For the nine months, net loss was USD 28.02 million compared to net income of USD 134.72 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.95 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. 
