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Claros Mortgage Trust posts Q3 net loss 

By Reuters News


Overview

  • U.S. commercial real estate lender posted Q3 net loss and distributable loss

  • Company resolved four loans totaling $409.5 mln of UPB

  • Financings outstanding and leverage declined after quarter-end due to loan repayments


Outlook

  • Claros Mortgage Trust expects to close asset sales totaling $355.2 mln in Q4 2026 and Q1 2027

  • Company anticipates incremental losses of about $10.4 mln from two loan sales upon Q4 2026 closings

  • Company says actions taken position it to face recent rate moves and continue deleveraging


Result Drivers

  • LOAN RESOLUTIONS - Co resolved four loans totaling $409.5 mln of UPB, including two full repayments, one loan sale, and one discounted payoff

  • ASSET SALES - Sold one multifamily REO asset for gross proceeds of $22.5 mln

  • DELEVERAGING - Financings outstanding decreased by $330.1 mln, including $99.9 mln of deleveraging payments


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

$14.26 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 is $1.75, about 57.7% above its November 3 closing price of $1.11


Reuters Recommended Reads

  • Nov 3 - Redwood Trust Q3 loss widens

  • Nov 3 - Angel Oak Mortgage Q3 net loss widens, book value falls

  • Nov 2 - Healthpeak Properties Q3 adjusted FFO falls; full year outlook lifted


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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