Claros Mortgage Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 09:17 pm
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Claros Mortgage Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 4.25 million compared to USD 63.23 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.45 a year ago. Diluted earnings per share from continuing operations was USD 0.02.
For the six months, net income was USD 40.93 million compared to USD 92.65 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.66 a year ago.
Claros Mortgage Trust, Inc. is a real estate investment trust. The Company is focused primarily on originating senior and subordinate loans on transitional commercial real estate (CRE) assets located in markets across the United Sates. Its objective is to provide debt capital for transitional CRE assets and, in doing so, to generate risk-adjusted returns for its stockholders. It seeks primarily to originate, co-originate and acquire senior and subordinate loans on transitional CRE assets located in the United States markets and generally intend to hold its loans to maturity. In addition to its primary focus on the United States markets, it also seeks to originate senior and subordinate loans on transitional CRE assets located in other markets. It also focuses on mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans, including mezzanine loans. The Company is externally managed and advised by Claros REIT Management LP.
CLAROS MORTGAGE TRUST, INC. 
