06:34 AM EDT, 05/07/2024 (MT Newswires) -- Claros Mortgage Trust ( CMTG ) reported a Q1 loss late Monday of $0.39 per diluted share, swinging from earnings of $0.26 a year earlier.

Two analysts polled by Capital IQ expected normalized earnings of $0.13.

Revenue for the quarter ended March 31 was $58.8 million, down from $69.1 million a year earlier.

A single analyst surveyed by Capital IQ expected $75.5 million.

The company's shares were down nearly 5% in recent Tuesday premarket activity.