Claros Mortgage Trust, Inc. (NYSE:CMTG) Q4 2022 Results Conference Call February 17, 2023 10:00 AM ET Company Participants Anh Huynh - VP, IR Richard Mack - Chairman, CEO Jai Agarwal - CFO Mike McGillis - President, Director Kevin Cullinan - EVP, MRECS Priyanka Garg - EVP, MRECS Portfolio & Asset Management Conference Call Participants Rick Shane - JP Morgan John Fanti - Wells Fargo Jade Rahmani - KBW Chris Muller - JMP Securities Operator Hello, everyone and welcome to Claros Mortgage Trust Fourth Quarte ...

(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Title of each class Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share CMTG New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Regist ...

Claros Mortgage Trust, Inc. (NYSE:CMTG) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Anh Huynh - VP IR Richard Mack - Chairman and CEO Mike McGillis - President and Director Jai Agarwal - CFO Priyanka Garg - EVP, Portfolio and Asset Management Kevin Cullinan - EVP, Originations Conference Call Participants Don Fandetti - Wells Fargo Rick Shane - JPMorgan Steve Delaney - JMP Securities Jade Rahmani - KBW Operator Welcome to the Claros Mortgage Trust Third Quarter 2022 E ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40993 Claros Mortgage Trust, Inc. (Exact Name of Registrant as Specified in its Charter) Maryland 47-4074900 (State or other ...

| --- | --- | --- | --- | |-------|-------|----------------------------------------------------------|----------------| | | | Investor Presentation Claros Mortgage Trust, Inc. (CMTG) | September 2022 | | | | | | | | | | | | | | | | The properties above are not representative of all transactions. Important Notices The information herein generally speaks as of the date hereof or such earlier date referred to on specific pages herein. In furnishing this document, Claros Mortgage Trust, Inc. and its consolidate ...

Claros Mortgage Trust, Inc. (NYSE:CMTG) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Anh Huynh - Vice President of Investor Relations Richard Mack - Chairman & Chief Executive Officer Mike McGillis - President & Director Jai Agarwal - Chief Financial Officer Kevin Cullinan - Executive Vice President of Originations Conference Call Participants Rick Shane - JPMorgan Don Fandetti - Wells Fargo Jade Rahmani - KBW Steve Delaney - JMP Securities Operator Welcome to today’s Clar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40993 Claros Mortgage Trust, Inc. (Exact Name of Registrant as Specified in its Charter) Maryland 47-4074900 (State or other juris ...

Financial Data and Key Metrics Changes - For Q1 2022, the company reported GAAP net income of $29.4 million, or $0.21 per share, and distributable earnings of $33.5 million, or $0.24 per share [12] - The loan portfolio increased by $631 million to $7.2 billion, driven by origination and loan funding outpacing repayments [13] - The total CECL reserve increased by $2.1 million quarter-over-quarter to $75.6 million, representing 1% of the portfolio [12] Business Line Data and Key Metrics Changes - The first quarter originations volume was $1.2 billion, with multifamily loans comprising 64% of the origination activity, leading to a 7% quarter-over-quarter increase in multifamily exposure [9] - Construction loans represented roughly one-third of the first quarter multifamily originations, with build-to-rent loan commitments exceeding $150 million, or 12% of the first quarter origination activity [10] Market Data and Key Metrics Changes - The company is focusing on markets with strong growth such as Dallas, Miami, Phoenix, Seattle, and Nashville, which have shown stable asset values despite rising interest rates [5][6] - The New York exposure declined to 33% due to loan repayments, indicating a strategic shift in portfolio management [9] Company Strategy and Development Direction - The company aims to capitalize on transitional real estate lending opportunities, particularly in high-growth markets, while maintaining a defensive stance in multifamily and build-to-rent sectors [6][7] - The management is opportunistic regarding lending in out-of-favor asset classes like office and hospitality, focusing on high-quality assets with strong demand [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the asset management and origination activities, despite market volatility due to inflation and rising interest rates [4] - The company anticipates continued attractive investment opportunities in transitional real estate lending, with expectations of rising lending returns due to increasing short-term rates and lending spreads [4][14] Other Important Information - The company has significant available investment capacity, with over $450 million in liquidity and unencumbered assets of $650 million [13] - The non-accrual percentage is expected to decrease to approximately 2% following the resolution of a significant non-accrual loan [8][12] Q&A Session Summary Question: What is the timeframe for becoming asset sensitive with forward rates? - Management indicated that asset sensitivity is expected to occur by the end of Q2 or beginning of Q3, depending on new loans added to the portfolio [17] Question: What drove the sequential decline in net interest income? - The decline was attributed to the payoff of higher-yielding loans in Q4, with expectations of recovery as capital is redeployed and interest rates rise [21][23] Question: When does the company envision needing to acquire more capital? - Management noted that they are not in a desperate position to raise cash due to significant liquidity and no near-term maturities [30] Question: What are the expectations for overall commercial real estate prices in light of interest rate changes? - Management expects cap rates to expand by approximately 5% to 15% in lower growth markets, while high-growth markets may see stable cap rates due to strong rent appreciation [34] Question: How is the company approaching the build-to-rent space? - The company is focusing on horizontal multifamily developments with experienced local operators and significant private equity backing, indicating a strong alignment with market expertise [46][47]

| --- | --- | --- | --- | |-------|-------|----------------------------------------|---------------------------------------------------| | | | First Quarter 2022 Earnings Supplement | Claros Mortgage Trust, Inc. (CMTG) \nMay 11, 2022 | | | | | | | | | | | The properties above are not representative of all transactions. Important Notices The information herein generally speaks as of the date hereof or such earlier date referred to on specific pages herein. In furnishing this document, Claros Mortgage Trust, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------- ...