NYSE$CMTG
Claros Mortgage Trust Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the quarter ended March 31, 2023.
Claros Mortgage Trust reported a GAAP net income of $36.7 million, or $0.26 per diluted share, and Distributable Earnings of $40.3 million, or $0.29 per diluted share, for the first quarter of 2023.
- Originated a $101 million hospitality loan, which was fully funded at closing.
- Funded approximately $226 million of follow-on fundings related to the existing loan portfolio.
- Received loan repayment proceeds of $211 million.
- Paid a cash dividend of $0.37 per share of common stock for the first quarter of 2023.
Headline financials
Revenue & EPS history
Claros Mortgage Trust · Revenue · Quarterly
$69.1M
Forward guidance
The company recognizes the inherent challenges in this volatile market and remain cautious. However, their cycle-tested team also believes that the current rising rate environment could provide exceptional opportunities to finance high-quality transitional commercial real estate projects at an attractive basis and risk-adjusted return.
Tailwinds
- Potential opportunities to finance high-quality transitional commercial real estate projects.
- Attractive basis for financing.
- Attractive risk-adjusted return.
- Rising rate environment.
- Experienced team.
Headwinds
- Inherent challenges in volatile market
- Cautious outlook
- Market volatility
- Unspecified risks
- Uncertainties
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-1.1%
Avg return
Earnings day
-4.2%
Avg return
5 days after
-0.3%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+8.2%
Q3 2020
Best reaction
-9.1%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.8% | -14.8% | -8.4% | |
| Q4 2025 | +6.6% | -8.6% | -15.1% | |
| Q3 2025 | -6.6% | -11.5% | -0.6% | |
| Q1 2025 | -9.1% | -3.0% | +9.0% | |
| Q4 2024 | +3.8% | -11.1% | +42.9% | |
| Q3 2024 | +3.4% | -1.8% | -15.0% | |
| Q2 2024 | -5.7% | -10.0% | -17.6% | |
| Q1 2024 | -6.8% | -9.6% | -9.5% | |
| Q4 2023 | -6.2% | -8.5% | -2.3% | |
| Q3 2023 | -2.8% | +5.1% | +18.0% | |
| Q2 2023 | -8.4% | -9.2% | -7.5% | |
| Q1 2023 | -5.6% | -3.0% | -12.5% | |
| Q4 2022 | -7.0% | -14.3% | -28.2% | |
| Q3 2022 | +7.6% | +8.4% | +4.3% | |
| Q2 2022 | -1.0% | -0.6% | -11.1% | |
| Q1 2022 | +5.0% | +2.8% | -1.1% | |
| Q4 2021 | +0.3% | -2.0% | +4.7% | |
| Q4 2019 | +0.7% | -2.0% | +4.7% | |
| Q4 2020 | +8.2% | +3.9% | +16.3% | |
| Q3 2020 | +8.2% | +3.9% | +16.3% | |
| Q3 2021 | -3.7% | -2.6% | +5.8% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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