Claros Mortgage Trust(CMTG) - 2025 Q4 - Annual Results

Financial Performance - For Q4 2025, Claros Mortgage Trust, Inc. reported a GAAP net loss of $219.2 million, or $1.56 per share, and a full-year net loss of $489.1 million, or $3.49 per share[1] - Distributable Loss for Q4 2025 was $101.7 million, or $0.71 per share, and for the full year, it was $269.0 million, or $1.88 per share[1] Loan Portfolio and Reserves - The company resolved five loans totaling $483.9 million of UPB in Q4 2025, including two full repayments of $216.2 million[2] - As of December 31, 2025, the loan portfolio was valued at $3.7 billion with a weighted average yield of 6.2%[2] - CECL reserves stood at $443.1 million, or $3.09 per share, representing approximately 10.9% of UPB[2] - Watchlist loans decreased to $1.5 billion, reflecting a 45% net decline from the prior year-end[9] Liquidity and Financing - Total liquidity at year-end was $185 million, including $173 million in cash[2] - Net financings outstanding decreased by $1.7 billion during the year, including $580 million of deleveraging payments[2] Asset Sales - The company executed sales of signage and remaining office floors for a gross sales price of $24.1 million[2] Book Value - The book value per share was reported at $10.69[2]