Earnings Releases·Nov 3, 2026, 4:24 PM ET

Claros Mortgage Trust, Inc. — Third Quarter 2026 Earnings Summary

Reported GAAP net loss of $14.3 million ($0.10/share) and Distributable Loss of $12.1 million ($0.08/share), with Distributable Loss prior to realized gains/losses narrowing to $0.05/share from $0.07/share in Q2 2026.
Successfully resolved four loans totaling $409.5 million UPB and sold one REO asset for $22.5 million, while reducing total leverage from 2.4x to 2.2x and net debt-to-equity from 1.7x to 1.5x following $268.7 million in deleveraging.
Agreed to sell two risk-rated 5 loans ($310.7 million combined) for $310.7 million with expected incremental losses of $10.4 million in Q4 2026, and two REO hotels for $44.5 million with closing expected in Q1 2027.
Management reaffirmed focus on resolving watchlist loans (down $547.2 million to $1.1 billion), repositioning REO assets, and deleveraging, citing confidence in mitigating recent rate move risks.