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The latest announcement is out from Claros Mortgage Trust, Inc. ( (CMTG) ).
Claros Mortgage Trust, Inc. reported significant financial changes for the quarter and year ending December 31, 2024, showing a GAAP net loss of $221.3 million for the year. Despite the challenges, the company managed to achieve a total liquidity of $102 million and received $1.3 billion in loan repayment and sale proceeds for the year, reflecting a strong asset management focus. The company successfully reduced outstanding financings by $794 million over the year, with a total deleveraging of $643 million since 2023, and aims to redeploy capital to more accretive uses moving forward.
More about Claros Mortgage Trust, Inc.
Claros Mortgage Trust, Inc. is a real estate investment trust focused on originating senior and subordinate loans on transitional commercial real estate assets in major U.S. markets. The company is externally managed by Claros REIT Management LP, affiliated with Mack Real Estate Credit Strategies, L.P.
YTD Price Performance: -32.03%
Average Trading Volume: 514,451
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $411.1M
For a thorough assessment of CMTG stock, go to TipRanks’ Stock Analysis page.
