Claros Mortgage Trust, Inc. (CMTG)
NYSE:CMTG
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.2Last Year’s EPS
-0.77Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed balanced progress: management highlighted tangible execution — $609M of loan resolutions, meaningful deleveraging, improved covenants via a new $500M facility, and sizable reductions in watch list counts and sector concentrations — all of which position the company to improve earnings capacity over time. Offsetting this progress are continuing challenges: Q1 GAAP and distributable losses, a large non-accrual book (~$1.55B, ~44% of the portfolio), modest liquidity ($132M), and CECL reserve dynamics tied to recent transactions. In aggregate, the company demonstrated strong operational progress and strategic execution but still faces material credit and liquidity headwinds that keep near-term outcomes uncertain.Company Guidance
Material Loan Resolutions and Portfolio Turnover
Completed $609M of loan resolutions in Q1 2026 (5 loans, 4 were watch list), including a $220M luxury hotel loan sale and multiple foreclosures/repayments — driving held-for-investment loans down to $3.2B from $3.7B at 12/31/25 (a 13.5% decrease). Management has 8 active sale processes representing ~ $861M of UPB/REO value to further accelerate turnover.
Significant Deleveraging and Financing Improvements
Replaced the maturing Term Loan B with a $500M senior secured term loan from HPS (4-year duration, prepayment flexibility, priced at SOFR + 675bps, matures Jan 2030) and reduced outstanding financings by $489M in Q1 (including $142M in deleveraging payments). Net debt-to-equity improved to 1.7x at 3/31/26 from 1.9x at 12/31/25 (10.5% improvement) and 2.4x at 3/31/25 (29.2% improvement year-over-year).
Reduction in Sector Concentrations
Hospitality exposure decreased from $807M to $592M (down $215M or 26.6%) and land exposure decreased from $187M to $120M (down $67M or 35.8%), supporting risk reduction and portfolio rebalancing efforts.
Watch List and Non-Performing Asset Improvement
Number of 4- and 5-rated loans fell to 13 at 3/31/26 from 24 at 3/31/25 (a 45.8% reduction), demonstrating progress in resolving stressed assets and executing the stated strategy to turn over the book.
Operating Distributable Performance Before Realized Losses
Distributable loss prior to realized losses was modest at $0.05 per share in Q1, indicating operating distributable performance was close to break-even before accounting for realized credit items.
CECL Reserve Management
Recorded a net provision (CECL) activity in Q1 of $31M, offset by loan resolutions that reduced total CECL reserves on loans receivable held for investment from $443M (10.9% of UPB) to $399M (11.4% of UPB). General CECL reserves decreased from $78M to $50M (a 35.9% decline) reflecting charge-offs and resolutions.
CMTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $2.63 | $2.52 | -4.18% |
Feb 18, 2026 | $2.45 | $2.60 | +6.12% |
Nov 05, 2025 | $3.31 | $3.48 | +5.14% |
Aug 06, 2025 | $2.86 | $3.33 | +16.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Claros Mortgage Trust, Inc. (CMTG) report earnings?
Claros Mortgage Trust, Inc. (CMTG) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Claros Mortgage Trust, Inc. (CMTG) earnings time?
Claros Mortgage Trust, Inc. (CMTG) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMTG EPS forecast?
CMTG EPS forecast for the fiscal quarter 2026 (Q2) is -0.2.