Overview

* Claros Mortgage Trust ( CMTG ) reports Q2 GAAP net loss of $181.7 mln, $1.30/share

* Company reports distributable loss of $110.1 mln for Q2 2025

* Loan resolutions of $1.0 bln UPB in Q2, $548.4 mln after quarter-end

Outlook

* Company sees signs of constructive capital markets environment

* Claros Mortgage Trust ( CMTG ) expects continued positive liquidity progress

* Company anticipates resolving watchlist loans through foreclosure

* Claros Mortgage Trust ( CMTG ) optimistic about portfolio activity in second half of 2025

Result Drivers

* LOAN RESOLUTIONS - Resolved $1.0 bln UPB in Q2, including full repayments, discounted payoffs, and sales of watchlist loans

* FORECLOSURES - Two mortgage foreclosures totaling $146.7 mln UPB on watchlist loans in Phoenix and Las Vegas

* LIQUIDITY IMPROVEMENT - More than doubled liquidity position since year-end, per CEO Richard Mack

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 -$14.80

Adjusted mln

Distribu

table

Earnings

Q2 Net -$181.71

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy."

* Wall Street's median 12-month price target for Claros Mortgage Trust Inc ( CMTG ) is $3.00, about 3.7% above its August 5 closing price of $2.89

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)