Claros Mortgage Trust (CMTG) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 12, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.23

Last Year’s EPS

-0.25

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 18, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call conveyed meaningful progress on execution: CMTG materially exceeded its 2025 resolution target, generated liquidity, delevered the balance sheet (~$2.0 billion), extended corporate debt maturity, and continued early 2026 loan resolutions and REO monetizations (e.g., $67M NYC sale and ~14% hotel NOI growth). However, results remain weighed down by a GAAP net loss, sizable CECL provisioning and specific credit charges, multiple loan downgrades/nonaccruals, compressed net interest income, and continued market valuation pressure. Overall the company appears to be mid-turnaround: substantial balance-sheet and portfolio improvement, but near-term earnings and credit risk remain material.

Company Guidance

Management guided that 2026 will remain focused on asset management and decisive execution — continuing to resolve watchlist loans and work through REO while positioning the company to evaluate new originations toward the end of 2026. They noted they exceeded their 2025 $2.0 billion UPB resolution target, achieving $2.5 billion of resolutions (including 11 watchlist loans totaling $1.3 billion) and have already completed $389 million of additional UPB resolutions in 2026 across four loans (e.g., $67M NYC land, $174M Salt Lake multifamily, $77M Dallas multifamily, $71M Seattle office). Portfolio UPB declined to $3.7 billion at 12/31/25 (from $6.1B a year earlier), with office exposure down to $589M (from $859M), land to $187M (from $489M) and no standalone life science; net debt-to-equity improved to 1.9x (from 2.4x), liquidity is $153M (up $51M YoY), and total CECL reserves rose to $443M (10.9% of UPB). They also closed a refinancing replacing the prior ~$718M Term Loan B with a $500M senior secured loan from HPS (matures Jan 2030, priced at SOFR+675bp) and issued ~7.5M detachable warrants at $4 (46% premium). Finally, management warned Q1–Q2 net interest income may remain pressured (Q4 NII was ~ $12.5M) as the book delevers, signaled expectations for fewer extensions and more regular repayments, and said year-end capital allocation could include new originations, further deleveraging or other alternatives.

Exceeded 2025 Resolution Target

CMTG set a $2.0 billion UPB resolution target for 2025 and closed the year with $2.5 billion of total resolutions (exceeding target by $0.5 billion). This included the resolution of 11 watchlist loans representing $1.3 billion of UPB.

Significant Deleveraging and Balance Sheet Strengthening

Reduced leverage by approximately $1.7 billion during 2025 and an additional $300 million year-to-date (total ~$2.0 billion delevered). Net debt-to-equity declined from 2.4x at Dec 31, 2024 to 1.9x at Dec 31, 2025.

Extended Corporate Debt Maturity with New HPS Facility

Retired the Term Loan B (~$712 million balance earlier) and replaced it with a $500 million senior secured term loan from HPS maturing January 2030, priced at SOFR + 675 bps. In connection with the loan, CMTG issued detachable warrants to purchase ~7.5 million shares at $4 (a 46% premium to the Jan 30, 2026 closing stock price).

Liquidity Improvements

Available liquidity of $153 million following the new term loan, a $51 million increase versus prior year-end. Management reports a cushion above minimum liquidity requirements and intends to deploy incremental proceeds to delever or consider other capital allocation.

Portfolio Reduction and Turnover

Held-for-investment loan portfolio fell to $3.7 billion at Dec 31, 2025 from $6.1 billion at year-end 2024 (decline of ~39%) and from $4.3 billion at Sep 30, 2025 (quarter-over-quarter decline of ~14%), reflecting an intentional strategy to turn over the portfolio.

REO Execution and Asset-Level Recoveries

NY mixed-use REO: completed commercial condominiumization and sold all office floors plus signage generating $67 million gross proceeds (generally in line with carrying value). NYC REO hotel portfolio NOI grew ~14% year-over-year and is accretive to earnings.

Early 2026 Resolutions

Momentum continued into 2026 with $389 million of additional UPB of resolutions across 4 loans, including a $67 million NYC land loan repayment, a $174 million Salt Lake City multifamily repayment (net cash proceeds ~ $52 million), a $77 million Dallas multifamily foreclosure, and a $71 million Seattle office resolution.

Improved Focus and Strategy

Management communicated a clear plan to continue resolving watchlist loans, optimize REO dispositions, delever, and prepare to evaluate new originations toward the end of 2026 — signaling disciplined execution and a path toward a cleaner, more transparent book.

Targeted Reduction in Problem Exposures

Stand-alone life science exposure removed; office exposure reduced from $859 million to $589 million (down ~31%), and land exposure decreased from $489 million to $187 million (down ~62%), demonstrating active repositioning away from weaker sectors.

Claros Mortgage Trust (CMTG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CMTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 12, 2026	2026 (Q1)	-0.23 / -	-0.25	―	―	―
Feb 18, 2026	2025 (Q4)	-0.13 / -0.71	-0.58	-22.41% (-0.13)
Nov 05, 2025	2025 (Q3)	-0.27 / -0.15	-0.17	11.76% (+0.02)
Aug 06, 2025	2025 (Q2)	-0.03 / -0.77	0.2	-485.00% (-0.97)
May 07, 2025	2025 (Q1)	-0.14 / -0.25	-0.12	-108.33% (-0.13)
Feb 19, 2025	2024 (Q4)	0.13 / -0.58	0.26	-323.08% (-0.84)
Nov 07, 2024	2024 (Q3)	0.10 / -0.17	-0.16	-6.25% (-0.01)
Aug 05, 2024	2024 (Q2)	0.15 / 0.20	-0.1	300.00% (+0.30)
May 06, 2024	2024 (Q1)	0.20 / -0.12	0.29	-141.38% (-0.41)
Feb 20, 2024	2023 (Q4)	0.26 / 0.26	0.38	-31.58% (-0.12)

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
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%
May 07, 2025	$2.67	$2.43	-8.99%

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 May 12, 2026, After Close (Confirmed).

What is Claros Mortgage Trust, Inc. (CMTG) earnings time?

Claros Mortgage Trust, Inc. (CMTG) earnings time is at May 12, 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?

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What is CMTG EPS forecast?

CMTG EPS forecast for the fiscal quarter 2026 (Q1) is -0.23.