A Business at a Glance
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Our Company We are a CRE finance company focused primarily on originating senior and subordinate loans on transitional CRE assets located in major U.S. markets, including mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans including mezzanine loans secured by a pledge of equity ownership interests in the direct or indirect property owner rather than directly in the underlying commercial properties. These loans are subordinate to a mortgage loan but senior to the property owner’s equity ownership interests. Transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment or other value-added elements in order to maximize value. We believe our Sponsor’s real estate development, ownership and operations experience, and infrastructure differentiates us in lending on these transitional CRE assets.
| Segment | 2021 | % of Total |
|---|---|---|
Loan | $235M | 95% |
Other | $12M | 5% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 248M | 307M | 287M | 263M |
| Net Income | -489M | -489M | -221M | 6.0M | 112M | 171M |
| EPS | $-3.49 | $-3.49 | $-1.60 | $0.02 | $0.79 | $1.27 |
| Free Cash Flow | -33M | -33M | 77M | 104M | 100M | 202M |
| ROIC | 0.0% | - | - | - | - | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 2.06 | 2.06 | 2.44 | 2.48 | 2.32 | 1.85 |
| Dividends/Share | $0.00 | $0.00 | $0.60 | $1.38 | $1.47 | $1.46 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -31.9% | -27.6% | -11.0% | 0.3% | 4.6% | 6.6% |
| Shares Outstanding | 140M | 140M | 138M | 139M | 142M | 134M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 274M | 263M | 287M | 307M | 248M | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 9.0M | 13M | 19M | 17M | 16M | 20M | 20M |
| EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | 202M | 171M | 112M | 6.0M | -221M | -489M | -489M |
| Net Margin | 73.9% | 64.9% | 39.0% | 2.0% | -89.1% | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROE | 8.3% | 6.6% | 4.6% | 0.3% | -11.0% | -27.6% | -31.9% |
| ROA | 2.9% | 2.3% | 1.4% | 0.1% | -3.2% | -8.4% | -10.4% |
| Cash Flow | |||||||
| Op. Cash Flow | 140M | 214M | 111M | 111M | 85M | -30M | -30M |
| Free Cash Flow | 140M | 202M | 100M | 104M | 77M | -33M | -33M |
| Owner Earnings | 135M | 198M | 95M | 85M | 56M | -56M | -56M |
| CapEx | 0 | 11M | 11M | 7.0M | 7.0M | 2.4M | 2.4M |
| Maint. CapEx | 0 | 7.1M | 8.0M | 9.3M | 10M | 11M | 11M |
| Growth CapEx | N/A | 4.3M | 3.4M | 0 | 0 | 0 | 0 |
| D&A | 0 | 7.1M | 8.0M | 9.3M | 10M | 11M | 11M |
| CapEx/OCF | N/A | 5.4% | 2.1% | 1.9% | 1.6% | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 208M | 197M | 208M | 192M | 121M | 0 | 0 |
| Dividend Yield | N/A | 11.6% | 10.8% | 12.8% | 10.7% | N/A | N/A |
| Share Buybacks | 0 | 3.6M | 21M | 21M | 21M | 0 | 0 |
| Buyback Yield | N/A | 0.2% | 1.2% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.7M | 8.8M | 7.6M | 17M | 18M | 14M | 14M |
| Debt Repayment | 0 | 10M | 0 | 0 | 15M | 275M | 275M |
| Balance Sheet | |||||||
| Net Debt | -109M | 4.1B | 5.1B | 5.3B | 4.7B | 2.8B | 3.0B |
| Cash & Equiv. | 428M | 310M | 306M | 187M | 99M | 173M | 173M |
| Long-Term Debt | 746M | 4.8B | 5.7B | 5.7B | 4.9B | 3.2B | 3.2B |
| Debt/Equity | 0.31 | 1.85 | 2.32 | 2.48 | 2.44 | 2.06 | 2.06 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 2.4B | 2.6B | 2.5B | 2.3B | 2.0B | 1.5B | 1.5B |
| Total Assets | 7.0B | 7.5B | 8.2B | 8.1B | 7.0B | 4.7B | 4.7B |
| Total Liabilities | 4.3B | 4.9B | 5.8B | 5.8B | 5.0B | 3.2B | 3.2B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 526M | 665M | -257M | -427M | -733M | -1.2B | -1.2B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||
| EPS | 1.52 | 1.27 | 0.79 | 0.02 | -1.60 | -3.49 | -3.49 |
| Owner EPS | 1.01 | 1.47 | 0.67 | 0.61 | 0.40 | -0.40 | -0.40 |
| Book Value | 18.37 | 19.11 | 17.32 | 16.50 | 14.52 | 10.93 | 10.93 |
| Cash Flow/Share | 1.06 | 1.59 | 0.78 | 0.80 | 0.61 | -0.22 | -3.41 |
| Dividends/Share | 1.56 | 1.46 | 1.47 | 1.38 | 0.60 | 0.00 | 0.00 |
| Shares Out. | 133.1M | 134.3M | 141.9M | 139.4M | 138.3M | 140.1M | 140.1M |
| Valuation | |||||||
| P/E Ratio | N/A | 9.5 | 15.6 | 656.5 | N/A | N/A | -0.8 |
| P/FCF | N/A | 8.0 | 17.5 | 17.6 | 7.3 | N/A | N/A |
| EV/EBIT | N/A | 5.0 | 14.8 | 73.1 | N/A | N/A | N/A |
| Price/Book | N/A | 0.6 | 0.7 | 0.8 | 0.3 | 0.3 | 0.2 |
| Price/Sales | N/A | 6.5 | 6.7 | 4.9 | 4.6 | N/A | N/A |
| FCF Yield | N/A | 12.5% | 5.7% | 5.7% | 13.7% | -7.6% | -8.9% |
| Market Cap | N/A | 1.6B | 1.7B | 1.8B | 566M | 432M | 369M |
| Avg. Price | N/A | 12.62 | 13.63 | 10.73 | 8.19 | 3.20 | 2.63 |
| Year-End Price | N/A | 12.07 | 12.31 | 13.13 | 4.09 | 3.08 | 2.63 |
Claros Mortgage Trust, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
At current prices, the estimated annualized return to fair value is -22.4%.
Claros Mortgage Trust, Inc. (CMTG) has a market capitalization of $369M. It is classified as a small-cap stock.
Claros Mortgage Trust, Inc. (CMTG) does not currently pay a regular dividend.
Claros Mortgage Trust, Inc. (CMTG) operates in the Real Estate industry, within the Real Estate sector.
Claros Mortgage Trust, Inc. (CMTG) generated $-33 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Claros Mortgage Trust, Inc. (CMTG) has a debt-to-equity ratio of 2.06. This indicates higher leverage, which may increase financial risk.
Claros Mortgage Trust, Inc. (CMTG) reported earnings per share (EPS) of $-3.49 in its most recent fiscal year.
Claros Mortgage Trust, Inc. (CMTG) has a return on equity (ROE) of -27.6%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 6 years of financial data for Claros Mortgage Trust, Inc. (CMTG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Claros Mortgage Trust, Inc. (CMTG) has a book value per share of $10.93, based on its most recent annual SEC filing.