NYSE$CMTG

Claros Mortgage Trust Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Claros Mortgage Trust reported a net loss and a distributable loss for Q1 2024.

Claros Mortgage Trust reported a GAAP net loss of $52.8 million, or $0.39 per diluted share, and a distributable loss of $16.8 million, or $0.12 per diluted share, for the first quarter of 2024. The company focused on proactive asset management and balance sheet optimization amidst dynamic macroeconomic factors.

  • Loan portfolio of $6.7 billion with a weighted average all-in yield of 9.1%.
  • Funded approximately $143 million of follow-on fundings related to the existing loan portfolio.
  • Received loan repayment proceeds of $146 million, including $136 million from two full loan repayments.
  • Total liquidity of $265 million, including $233 million in cash.

Headline financials

Total Revenue

$58.8M

Previous: $69.1M-14.9%
EPS

-$0.39

Previous: $0.29-234.5%
Weighted Avg All-in Yield

7.6%

No prior period
CECL Provision

$70M

No prior period
Total CECL Reserves

$2.60

No prior period
Book Value per Share

$14.12

No prior period
Capital Expenditures

-$465K

No prior period
Free Cash Flow

-$52.8M

Previous: $36.7M-243.9%
Net Income

-$52.8M

Previous: $36.7M-243.9%
Operating Income

-$50.4M

Previous: $28.9M-274.5%
Gross Profit

$45.9M

Previous: $65.9M-30.3%
Cash & Equivalents

$233M

Previous: $427M-45.5%
Total Assets

$7.76B

Previous: $8.48B-8.6%
Stock-Based Comp

$4.4M

Previous: $3.41M+29.1%

Revenue & EPS history

Claros Mortgage Trust · Revenue · Quarterly

$58.8M

Q1 2024-14.9%vs Q1 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

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 2024

Historical avgQ1 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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