Claros Mortgage Trust(CMTG)2025-05-07 20:50Financial Performance - Claros Mortgage Trust, Inc. reported a GAAP net loss of $78.6 million, or $0.56 per share, for Q1 2025[2] - Distributable Loss for the quarter was $35.7 million, or $0.25 per share, while Distributable Earnings prior to realized losses were $11.6 million, or $0.08 per share[2] Loan and Asset Management - The company resolved or received payment on loans totaling $607 million during and after Q1 2025[3] - The loan portfolio was valued at $5.9 billion with a weighted average all-in yield of 7.4%[8] - CECL reserves approximated $41.1 million, or $0.29 per share, representing 4.4% of UPB[8] - Unencumbered loan UPB was $468 million, with $223 million classified as held-for-sale[8] Liquidity and Financing - Total liquidity stood at $136 million, including $128 million in cash[8] - The company closed a new financing facility with a capacity of $214 million[8] Strategic Focus - The company is focused on enhancing liquidity and reducing leverage while navigating a complex macroeconomic environment[3]