NYSE$CMTG

Claros Mortgage Trust Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported a net loss and distributable loss for Q3 2024.

Claros Mortgage Trust reported a GAAP net loss of $56.2 million, or $0.40 per share, and a distributable loss of $24.6 million, or $0.17 per share for the third quarter of 2024. Distributable earnings prior to realized losses was $31.0 million, or $0.22 per share.

  • Loan portfolio of $6.3 billion with a weighted average all-in yield of 8.4%.
  • Received loan repayments of $374 million.
  • Total liquidity of $116 million, including $114 million of cash.
  • Paid a cash dividend of $0.10 per share of common stock for the third quarter of 2024.

Headline financials

Total Revenue

$64.9M

Previous: $80.6M-19.5%
EPS

-$0.40

Previous: -$0.16-150.0%
Capital Expenditures

-$7.02M

Previous: -$7.02M+0.0%
Free Cash Flow

-$63.2M

Previous: -$76M+16.8%
Net Income

-$56.2M

Previous: -$68.9M+18.5%
Operating Income

-$160M

Previous: -$108M-48.2%
Gross Profit

$50.2M

Previous: -$67.8M+173.9%
Cash & Equivalents

$114M

Previous: $307M-62.9%
Total Assets

$7.31B

Previous: $8.05B-9.2%
Stock-Based Comp

$5.02M

Previous: $4.42M+13.5%

Revenue & EPS history

Claros Mortgage Trust · Revenue · Quarterly

$64.9M

Q3 2024-19.5%vs Q3 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 Q3 2024

Historical avgQ3 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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