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Claros Mortgage Trust, Inc. Reports Fourth Quarter and Full Year 2024 Results

1. CMTG reported a GAAP net loss of $100.7 million for Q4 2024. 2. Distributable Loss for Q4 was $83.2 million, indicating financial challenges.

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$2.8902/19 05:01 PM EDTEvent Start
$302/20 11:34 PM EDTLatest Updated
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FAQ

Why Very Bearish?

Significant losses can lead to decreased investor confidence, reminiscent of previous underperforming reports affecting market perception.

How important is it?

The financial results directly affect CMTG's market performance and investor decisions.

Why Short Term?

Immediate negative impacts expected as investors react to quarterly losses.

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CMTGCMBSREIT
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter and year ended December 31, 2024. The Company reported GAAP net loss of $100.7 million and $221.3 million, or $0.72 and $1.60 per share, for the quarter and year ended December 31, 2024, respectively. Distributable Loss (a non-GAAP financial measure defined below) was $83.2 million and $95.7 million, or $0.59 and $0.67 per share, for the quarter and.

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