NYSE$CMTG

Claros Mortgage Trust Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended June 30, 2023.

Claros Mortgage Trust reported a GAAP net income of $4.3 million, or $0.02 per diluted share, for Q2 2023. Distributable Earnings, prior to realized gain and principal charge-off, was $50.3 million, or $0.35 per diluted share. Distributable Loss was ($14.5 million), or ($0.10) per diluted share.

  • Current loan portfolio of $7.5 billion with a weighted average all-in yield of 9.2%.
  • Multi-family exposure represents 41% of the portfolio.
  • Received loan repayment proceeds of $49 million.
  • Funded approximately $162 million of follow-on fundings related to the existing loan portfolio.

Headline financials

Total Revenue

$80.9M

Previous: $69.2M+16.9%
EPS (adj)

-$0.10

Previous: $0.43-123.3%
Weighted Avg All-in Yield

9.2%

No prior period
Capital Expenditures

-$6.61M

Previous: -$11.5M+42.3%
Free Cash Flow

-$2.36M

Previous: $51.7M-104.6%
Net Income

$4.25M

Previous: $63.2M-93.3%
Operating Income

$4.97M

Previous: $30.3M-83.6%
Gross Profit

$42.7M

Previous: $58.7M-27.2%
Cash & Equivalents

$253M

Previous: $461M-45.1%
Total Assets

$8.4B

Previous: $8.02B+4.8%
Stock-Based Comp

$4.44M

Previous: $604K+635.6%

Revenue & EPS history

Claros Mortgage Trust · Revenue · Quarterly

$80.9M

Q2 2023+16.9%vs Q2 2022
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 Q2 2023

Historical avgQ2 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

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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