Quarterly ResultMay 6, 2026, 04:18 PM
Claros Mortgage Trust Q1 GAAP Net Loss $54.3M; Resolves $608.8M Loans
AI Summary
Claros Mortgage Trust, Inc. reported a GAAP net loss of $54.3 million, or $0.39 per share, and a Distributable Loss of $75.2 million, or $0.52 per share, for the first quarter of 2026. Despite the losses, the company made significant progress on strategic priorities, including resolving five watchlist loans totaling $608.8 million of UPB and closing a new $500 million secured term loan. The company also reduced its net debt/equity ratio to 1.7x and maintained $132 million in total liquidity at quarter-end.
Key Highlights
- Claros Mortgage Trust reported a GAAP net loss of $54.3 million, or $0.39 per share, for Q1 2026.
- Distributable Loss was $75.2 million, or $0.52 per share; Distributable Loss prior to realized losses was $7.5 million, or $0.05 per share.
- Resolved five loans totaling $608.8 million of UPB, including one loan sale with 90% gross recovery.
- Provision for CECL reserves was $31.4 million, or $0.22 per share, for the quarter.
- Closed a new $500 million secured term loan maturing in 2030, fully retiring the prior loan.
- Total liquidity was $132 million at March 31, 2026, including $117 million of cash.
- Net debt / equity ratio decreased to 1.7x from 1.9x at year-end 2025.
- Book value was $10.33 per share at March 31, 2026.