NYSE$CMTG
Claros Mortgage Trust Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter 2024 results with a net loss and positive distributable earnings.
Claros Mortgage Trust reported a GAAP net loss of $11.6 million, or $0.09 per diluted share, for the second quarter of 2024. However, distributable earnings, a non-GAAP measure, amounted to $28.9 million, or $0.20 per diluted share. The company's loan portfolio stood at $6.8 billion with a weighted average all-in yield of 9.0%.
- GAAP net loss was ($11.6 million), or ($0.09) per diluted share.
- Distributable Earnings was $28.9 million, or $0.20 per diluted share.
- Held-for-investment loan portfolio of $6.8 billion with a weighted average all-in yield of 9.0%.
- Total liquidity of $191 million, including $148 million in cash.
Headline financials
Revenue & EPS history
Claros Mortgage Trust · Revenue · Quarterly
$64.5M
Forward guidance
Company anticipates improved capital markets due to potential Federal Reserve rate cuts, expecting increased repayment activity and positive momentum in loan resolutions. Declared a quarterly dividend of $0.10 per share for the third quarter 2024.
Tailwinds
- Expects improved capital markets due to potential Federal Reserve rate cuts.
- Anticipates increased repayment activity.
- Expects accelerated positive momentum in loan resolutions.
- Redirecting capital into strategies to preserve and enhance book value.
- Positioning portfolio for long term earnings growth.
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 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
| 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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