Claros Mortgage reports Q2 distributable EPS 20c, consensus 17c

“During the first half of 2024, we continued to make progress resolving watch list loans,” said Richard Mack, Chief Executive Officer and Chairman of CMTG. “Given a higher likelihood of the Federal Reserve reducing rates, we expect capital markets to continue to improve. This should allow for an environment that facilitates increased repayment activity and accelerated positive momentum in loan resolutions.”