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Complete financial analysis of Claros Mortgage Trust, Inc. (CMTG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Claros Mortgage Trust, Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Claros Mortgage Trust, Inc. (CMTG)
About Claros Mortgage Trust, Inc.
Claros Mortgage Trust, Inc. is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. The company was incorporated in 2015 and is based in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 129.83M | 270.20M | 248.30M | 273.07M | 249.72M | 167.17M |
| Cost of Revenue | 149.52M | 84.36M | 42.59M | 46.73M | 42.83M | 28.07M |
| Gross Profit | -19.69M | 185.84M | 205.72M | 226.34M | 206.89M | 139.10M |
| Gross Profit Ratio | -15.16% | 68.78% | 82.85% | 82.89% | 82.85% | 83.21% |
| Research & Development | 0.00 | 0.35 | 0.65 | 0.75 | 0.70 | 0.83 |
| General & Administrative | 16.61M | 26.14M | 60.54M | 61.40M | 75.71M | 32.43M |
| Selling & Marketing | 16.60M | 0.00 | 0.00 | 0.00 | 0.00 | -32.43M |
| SG&A | 33.20M | 26.14M | 60.54M | 61.40M | 75.71M | 0.79 |
| Other Expenses | 0.00 | 23.30M | 5.86M | -132.06M | -156.67M | 4.18M |
| Operating Expenses | 49.50M | 41.98M | 66.39M | -70.66M | -80.96M | 28.25M |
| Cost & Expenses | 122.42M | 129.80M | 66.39M | -70.66M | -80.96M | 28.25M |
| Interest Income | 697.87M | 470.67M | 415.26M | 445.94M | 389.36M | 0.00 |
| Interest Expense | 470.51M | 261.11M | 196.23M | 172.23M | 139.75M | 0.00 |
| Depreciation & Amortization | 708.00K | 109.59M | 92.73M | 67.40M | 75.71M | 32.43M |
| EBITDA | 0.00 | 216.24M | 176.90M | 202.41M | 168.76M | 134.74M |
| EBITDA Ratio | 0.00% | 140.47% | 71.55% | 74.12% | 67.58% | -1.98% |
| Operating Income | 107.53M | 371.51M | 170.55M | 202.41M | 168.76M | 134.74M |
| Operating Income Ratio | 82.82% | 137.49% | 68.69% | 74.12% | 67.58% | 80.60% |
| Total Other Income/Expenses | -101.50M | -96.05M | 31.00K | 171.59M | 279.92M | 4.18M |
| Income Before Tax | 6.03M | 112.16M | 170.39M | 205.67M | 174.05M | 134.74M |
| Income Before Tax Ratio | 4.64% | 41.51% | 68.62% | 75.32% | 69.70% | 80.60% |
| Income Tax Expense | 0.00 | -1.67M | -164.00K | 3.26M | 5.29M | 134.74M |
| Net Income | 6.03M | 112.06M | 170.55M | 202.41M | 168.76M | 138.92M |
| Net Income Ratio | 4.64% | 41.47% | 68.69% | 74.12% | 67.58% | 83.10% |
| EPS | 0.02 | 0.80 | 1.27 | 1.44 | 1.20 | 148.93M |
| EPS Diluted | 0.02 | 0.80 | 1.27 | 1.44 | 1.20 | 148.93M |
| Weighted Avg Shares Out | 138.62M | 139.31M | 134.54M | 140.88M | 140.88M | 0.93 |
| Weighted Avg Shares Out (Dil) | 138.62M | 139.31M | 134.54M | 140.88M | 140.88M | 0.93 |
Claros Mortgage Trust, Inc. (CMTG) Q3 2024 Earnings Call Transcript
Claros Mortgage Trust, Inc. (NYSE:CMTG ) Q3 2024 Results Conference Call November 8, 2024 10:00 AM ET Company Participants Anh Huynh - VP, IR Richard Mack - CEO and Chairman Mike McGillis - President and CFO Conference Call Participants Doug...
Claros Mortgage Trust, Inc. (CMTG) Surpasses Q3 Earnings Estimates
Claros Mortgage Trust, Inc. (CMTG) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $0.16 per share a year ago.
Claros Mortgage Trust, Inc. Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today reported its financial results for the quarter ended September 30, 2024. The Company's third quarter 2024 GAAP net loss was $56.2 million, or $0.40 per share. Distributable...
Claros Mortgage Trust, Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its third quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Thursday, November 7, 2024....
Claros Mortgage Trust: A Commercial Lender Focusing On Transitional Assets
Claros Mortgage Trust focuses on originating senior and mezzanine loans for transitional commercial real estate assets, primarily in large markets like California and New York. CMTG's portfolio includes multifamily, hospitality, and mixed-use assets, with loans typically ranging from $50 to...
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The Return Of Volatility
In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European...
Claros Mortgage Trust, Inc. (CMTG) Q2 Earnings and Revenues Beat Estimates
Claros Mortgage Trust, Inc. (CMTG) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.10 per share a year ago.
Claros Mortgage Trust, Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced that it will release its second quarter 2024 financial results after the closing of trading on the New York Stock Exchange on Monday, August 5, 2024....
Source: https://incomestatements.info
Category: Stock Reports