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Claros Mortgage Trust, Inc. (CMTG)
NYSE:CMTG
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.11Last Year’s EPS
$0.26Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -39.77%
|Next Earnings Date:Mar 17, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant realizations and proactive management, particularly in reducing office exposure and optimizing the multifamily portfolio. However, the continued net loss, credit downgrades, and increase in reserves underscore ongoing challenges, especially in the multifamily sector. The sentiment reflects cautious optimism amid a challenging environment.Company Guidance
During the Claros Mortgage Trust third quarter 2024 earnings call, guidance highlighted various key metrics indicating an optimistic outlook despite recent challenges. The company reported a GAAP net loss of $0.40 per share and a distributable loss of $0.17 per share, with distributable earnings per share, prior to realized losses, at $0.22. The loan portfolio decreased from $6.8 billion in June to $6.3 billion in September, following $374 million in loan repayments, including full repayment of four loans totaling $354 million. Additionally, $186 million was funded on new and existing loan commitments. The company sees multifamily as a sector of high conviction, comprising 42% of their portfolio, despite moving some loans to higher risk ratings. Looking ahead, CMTG anticipates increased transaction volume in 2025, highlighted by $1.2 billion in realizations so far this year, and plans to capitalize on opportunities in multifamily and construction loans, leveraging a strong market environment and transitioning portfolio strategies.Increase in Loan Realizations
CMTG has achieved $1.2 billion in realizations so far this year, indicating a significant level of transaction activity in its portfolio.
Significant Loan Repayments
Received $374 million in loan repayments during the third quarter, including full repayment of four loans totaling $354 million.
Proactive Portfolio Management
CMTG has reduced its office exposure to 14% of the portfolio and received repayments on significant loans in challenging asset classes.
Multifamily Portfolio Optimism
Multifamily continues to represent the largest portfolio exposure at 42%, with strong pricing trends and opportunities for value creation identified.
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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 |
|---|---|---|---|
| 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% |
| Feb 20, 2024 | $9.18 | $8.89 | -3.16% |
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 Mar 17, 2025, TBA Not Confirmed.
What is Claros Mortgage Trust, Inc. (CMTG) earnings time?
Claros Mortgage Trust, Inc. (CMTG) earnings time is at Mar 17, 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 2024 (Q4) is $0.11.
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