04:16 AM EDT, 08/06/2024 (MT Newswires) -- Claros Mortgage Trust ( CMTG ) reported late Monday it swung to Q2 distributable earnings of $0.20 per diluted share from a loss of $0.10 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.18 per share.

Revenue for the quarter ended June 30 was $64.5 million, down from $80.9 million a year earlier.

Three analysts polled by Capital IQ expected $66.2 million.

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