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Claros Mortgage Trust, Inc. (CMTG)
NYSE:CMTG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 1.04%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging environment for CMTG, with notable losses and credit migration issues. Despite these challenges, there are positive signs in transaction activity and market conditions, along with plans to enhance liquidity and strengthen the balance sheet.Company Guidance
During the Claros Mortgage Trust fourth quarter 2024 earnings call, the company provided detailed guidance on their strategic priorities for 2025. The key focus will be on resolving watch list loans and enhancing liquidity, with plans to accelerate the resolution of non-accrual loans and REO assets. The company reported a GAAP net loss of $0.72 per share and a distributable loss of $0.59 per share for the fourth quarter. Their held-for-investment loan portfolio decreased to $6.1 billion, down from $6.3 billion due to $99 million in loan repayments and $205 million in loan sales. Additionally, the board decided to pause the quarterly dividend to preserve capital. Looking ahead, Claros plans to strategically deploy capital by deleveraging the portfolio and foreclosing on select multifamily assets, with anticipated resolutions generating up to $2 billion in gross realization proceeds. The company aims to improve credit metrics and liquidity, potentially resulting in a more favorable valuation of CMTG stock.Strong Transaction Activity
CMTG had $300 million in transaction activity, including repayments and loan sales executed at or close to par. Total of $1.3 billion of realizations during 2024 split evenly between repayments and loan sales.
Positive Trends in CMBS Market
In the CMBS market, spreads have tightened meaningfully over the past several quarters despite increasing primary issuance levels.
Resilient REO Portfolio Performance
The New York hotel portfolio, although impacted by recent legislation, has rebounded to all-time high revenue levels post-foreclosure.
Planned Liquidity Enhancements
Anticipation of $2 billion in gross realization proceeds, with 40% expected to increase liquidity and be redeployed.
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CMTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $2.89 | $3.00 | +3.81% |
| Nov 07, 2024 | $7.04 | $7.51 | +6.68% |
| Aug 05, 2024 | $8.61 | $8.48 | -1.51% |
| May 06, 2024 | $8.74 | $8.28 | -5.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Claros Mortgage Trust, Inc. (CMTG) report earnings?
Claros Mortgage Trust, Inc. (CMTG) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Claros Mortgage Trust, Inc. (CMTG) earnings time?
Claros Mortgage Trust, Inc. (CMTG) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMTG EPS forecast?
CMTG EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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