Claros Mortgage Trust, Inc. Reports Third Quarter 2025 Results

Core Insights - Claros Mortgage Trust, Inc. reported a GAAP net loss of $9.5 million, or $0.07 per share, for the third quarter of 2025 [1] - The company experienced a Distributable Loss of $21.5 million, or $0.15 per share, while Distributable Earnings prior to realized gains and losses were $5.9 million, or $0.04 per share [1] Financial Performance - Total liquidity at the end of the quarter was $353 million, including $340 million in cash [5] - The loan portfolio stood at $4.3 billion with a weighted average all-in yield of 6.7% [5] - The book value per share was reported at $12.24 [5] Loan Resolutions and Asset Management - The company resolved loans totaling $716 million of UPB, including one full repayment of $167.6 million and a discounted payoff of $390 million [5] - Two mortgage foreclosures were executed, amounting to $158.4 million of UPB, both related to watchlist loans [5] - The company improved total liquidity by $283 million since the end of 2024 [6] Strategic Initiatives - The CEO highlighted significant progress on strategic priorities, exceeding the full-year goal of $2 billion in resolutions [6] - The company reduced financing UPB by $1.4 billion, including $317 million of deleveraging [5] Subsequent Events - As of November 4, 2025, total liquidity increased to $385 million, with unencumbered assets of $548 million [5] - The company resolved 18 loans totaling $2.2 billion of UPB and received $81 million in partial loan repayments [5]