Claros Mortgage Trust(US:CMTG)2025-11-05 21:12Financial Performance - For the quarter ended September 30, 2025, the Company reported a GAAP net loss of $9.5 million, or $0.07 per share, and a Distributable Loss of $21.5 million, or $0.15 per share[2]. - The book value per share was reported at $12.24[6]. Loan Resolutions - The Company achieved loan resolutions totaling $716.0 million of UPB, including one full repayment of $167.6 million and a discounted payoff of $390.0 million[6]. - The Company resolved 18 loans totaling $2.2 billion of UPB, receiving $81 million in partial loan repayments[6]. - The Company has exceeded its full-year goal of $2 billion in resolutions, significantly improving liquidity and deleveraging its portfolio[7]. Liquidity and Debt Management - As of September 30, 2025, total liquidity was $353 million, with $340 million in cash, and the Company had a loan portfolio of $4.3 billion with a weighted average yield of 6.7%[6]. - The Company improved total liquidity by $283 million since the end of 2024, and the net debt/equity ratio was 1.9x as of September 30, 2025[13]. Reserves and Foreclosures - The provision for CECL reserves for the quarter was $24.2 million, with total CECL reserves of $307.7 million on loans receivable, representing approximately 6.8% of UPB[6]. - Four remaining watchlist multifamily loans with a total UPB of $640.3 million are expected to be resolved through foreclosure in upcoming quarters[13]. Asset Sales - The Company executed the sale of two floors of office space, resulting in gross proceeds of $13.8 million[6].