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Claros Mortgage Trust ( (CMTG) ) has issued an update.
Claros Mortgage Trust reported first-quarter 2026 results on May 6, 2026, posting 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, with distributable loss prior to realized losses at $7.5 million, or $0.05 per share. The mortgage REIT ended the quarter with a $3.2 billion loan portfolio yielding 5.6%, total liquidity of $132 million, unencumbered assets of $538 million, and a book value of $10.33 per share, while its REO assets generated a small distributable loss amid seasonal weakness in its hotel portfolio.
The company resolved five loans totaling $608.8 million of unpaid principal balance, including two full repayments, a loan sale at a 90% gross recovery, a mortgage foreclosure, and an assignment to lender, and booked $31.4 million in CECL reserves, bringing total reserves to $398.9 million, or about 11.4% of UPB. Claros also closed a new $500 million secured term loan maturing in 2030 to retire a prior facility and, after quarter-end, further reduced risk by foreclosing on another Dallas-area multifamily loan and signing a deal to sell a multifamily REO asset, underscoring its ongoing strategy of deleveraging, working through watchlist credits, and repositioning the portfolio for future capital redeployment.
The most recent analyst rating on (CMTG) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on Claros Mortgage Trust stock, see the CMTG Stock Forecast page.
Spark’s Take on CMTG Stock
According to Spark, TipRanks’ AI Analyst, CMTG is a Neutral.
The score is held down primarily by weak financial performance (large recent losses, negative returns, and sharply weaker reported cash flow). Technicals also remain bearish with the stock below key long-term averages and negative MACD. Offsetting these risks, management’s earnings-call commentary points to meaningful balance-sheet cleanup and liquidity/deleveraging progress, but guidance still indicates pressured near-term earnings and ongoing credit stress.
To see Spark’s full report on CMTG stock, click here.
More about Claros Mortgage Trust
Claros Mortgage Trust, Inc. is a real estate investment trust focused primarily on originating senior and subordinate loans on transitional commercial real estate assets in major U.S. markets. The company is externally managed and advised by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P., and concentrates on financing projects undergoing repositioning or redevelopment.
Average Trading Volume: 526,915
Technical Sentiment Signal: Sell
Current Market Cap: $353.4M
See more data about CMTG stock on TipRanks’ Stock Analysis page.