Real Estate - REIT - Mortgage - NYSE - US
$ 6.7
-3.74 %
$ 934 M
Market Cap
-10.47
P/E
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.[ Read More ]
The intrinsic value of one CMTG stock under the base case scenario is HIDDEN Compared to the current market price of 6.7 USD, Claros Mortgage Trust, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CMTG
FINANCIALS
249 M
REVENUE
7.42 M
OPERATING INCOME
6.03 M
NET INCOME
111 M
OPERATING CASH FLOW
-39.3 M
INVESTING CASH FLOW
-205 M
FINANCING CASH FLOW
64.9 M
REVENUE
-28.6 M
OPERATING INCOME
64.3 M
NET INCOME
-27 M
OPERATING CASH FLOW
180 M
INVESTING CASH FLOW
-244 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Claros Mortgage Trust, Inc.
| Current Assets | 187 M |
| Cash & Short-Term Investments | 187 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 565 M |
| Long-Term Investments | 42.5 M |
| PP&E | 523 M |
| Other Non-Current Assets | 0 |
| Current Liabilities | 44.6 M |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 44.6 M |
| Non-Current Liabilities | 1.87 B |
| Long-Term Debt | 1.87 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Claros Mortgage Trust, Inc.
| Revenue | 249 M |
| Cost Of Revenue | 49.5 M |
| Gross Profit | 199 M |
| Operating Expenses | 72.9 M |
| Operating Income | 7.42 M |
| Other Expenses | 1.39 M |
| Net Income | 6.03 M |
RATIOS
80.11%
GROSS MARGIN
2.98%
OPERATING MARGIN
2.42%
NET MARGIN
0.26%
ROE
0.07%
ROA
0.18%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Claros Mortgage Trust, Inc.
| Net Income | 6.03 M |
| Depreciation & Amortization | 708 K |
| Capital Expenditures | -2.09 M |
| Stock-Based Compensation | 16.8 M |
| Change in Working Capital | -37.3 M |
| Others | 87.6 M |
| Free Cash Flow | 109 M |
Wall Street Analysts Price Targets
Claros Mortgage Trust, Inc.
CMTG has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
3.40%
DIVIDEND YIELD
0.1 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Claros Mortgage Trust, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
1.67 M USD 5
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 months ago
May 29, 2024
|
Bought 276 K USD
|
Mack Richard
CEO & CHAIRMAN |
+ 40000
|
6.9 USD |
|
5 months ago
May 28, 2024
|
Bought 36.2 K USD
|
Siegel Jeffrey D
SEE REMARKS |
+ 5000
|
7.23 USD |
|
5 months ago
May 28, 2024
|
Bought 50.5 K USD
|
WALTER W EDWARD
Director |
+ 7000
|
7.21 USD |
|
5 months ago
May 24, 2024
|
Bought 110 K USD
|
McGillis Mike
PRESIDENT AND CFO |
+ 15000
|
7.3448 USD |
|
5 months ago
May 28, 2024
|
Bought 833 K USD
|
Mack Richard
CEO & CHAIRMAN |
+ 116000
|
7.18 USD |
|
5 months ago
May 24, 2024
|
Bought 319 K USD
|
Mack Richard
CEO & CHAIRMAN |
+ 44000
|
7.25 USD |
|
5 months ago
May 23, 2024
|
Bought 36.3 K USD
|
TESE VINCENT
Director |
+ 5000
|
7.2635 USD |
|
5 months ago
May 21, 2024
|
Bought 8.24 K USD
|
TESE VINCENT
Director |
+ 1000
|
8.238 USD |
|
2 years ago
Jul 15, 2022
|
Bought 3.7 K USD
|
Siegel Jeffrey D
See Remarks |
+ 214.774
|
17.23 USD |
|
2 years ago
Sep 21, 2022
|
Bought 14.7 K USD
|
Richman Steven Leonard
Director |
+ 1000
|
14.73 USD |
|
2 years ago
Aug 17, 2022
|
Bought 375 K USD
|
WALTER W EDWARD
Director |
+ 20215
|
18.5411 USD |
|
2 years ago
Aug 17, 2022
|
Bought 125 K USD
|
WALTER W EDWARD
director: |
+ 6760
|
18.55 USD |
|
2 years ago
Dec 17, 2021
|
Bought 1.07 M USD
|
Mack Richard
CEO and Chairman |
+ 63000
|
16.947 USD |
|
2 years ago
Dec 16, 2021
|
Bought 837 K USD
|
Mack Richard
CEO and Chairman |
+ 51904
|
16.1249 USD |
|
3 years ago
Nov 05, 2021
|
Bought 93.2 K USD
|
Liebman Pamela
Director |
+ 5000
|
18.65 USD |
|
3 years ago
Nov 05, 2021
|
Bought 22.4 K USD
|
Haggerty Mary
Director |
+ 1200
|
18.65 USD |
|
3 years ago
Nov 05, 2021
|
Bought 233 K USD
|
Richman Steven Leonard
Director |
+ 12500
|
18.65 USD |
|
3 years ago
Nov 05, 2021
|
Bought 233 K USD
|
WALTER W EDWARD
Director |
+ 12500
|
18.65 USD |
|
3 years ago
Nov 05, 2021
|
Bought 373 K USD
|
McGillis Mike
President and CFO |
+ 20000
|
18.65 USD |
|
3 years ago
Nov 05, 2021
|
Bought 5 M USD
|
Mack Richard
CEO and Chairman |
+ 268097
|
18.65 USD |
|
3 years ago
Nov 03, 2021
|
Bought 165 K USD
|
Siegel Jeffrey D
See Remarks |
+ 10000
|
16.5 USD |
7. News
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 Harter - UBS Rick Shane - JPMorgan Steve DeLaney - Citizens, JMP Jade Rahmani - KBW Operator Welcome to Claros Mortgage Trust's Third Quarter 2024 Earnings Conference Call. My name is Bridget, and I will be your conference facilitator today.
seekingalpha.com
- 1 week ago
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.
zacks.com
- 1 week 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 Loss (a non-GAAP financial measure defined below) was $24.6 million, or $0.17 per share. Distributable Earnings prior to realized losses was $31.0 million, or $0.22 per share. Third Quarter 2024 Highlights $6.3 billion loan po.
businesswire.com
- 1 week ago
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. A conference call to discuss CMTG's financial results will be held on Friday, November 8, 2024, at 10:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconferen.
businesswire.com
- 3 weeks ago
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 $300 million, and a 98% floating rate portfolio. The REIT faces significant execution risk due to its focus on underperforming transitional assets and an external management fee structure that may not always align with shareholder interests.
seekingalpha.com
- 1 month ago
3 'Beaten Down' Mortgage REITs: Darkest Before Dawn?
Recent developments in interest rates and market sentiment on rate cuts present an opportunity for highly discounted mortgage REITs with office exposure. Despite challenges, the risk-return profile of these mREITs has improved, making them potentially lucrative for patient, long-term investors. Granite Point Mortgage Trust, Claros Mortgage Trust, and Blackstone Mortgage Trust are rated as Speculative Buys due to their significant discounts to book value and growth prospects.
seekingalpha.com
- 2 months ago
REIT Fantasy Football: 11 Companies To Start Your Team
Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. With one company from each of the 19 equity REIT sectors, I offer a starting lineup of 11 companies, 6 reserves, and 2 water boys, for a solid REIT portfolio.
seekingalpha.com
- 2 months ago
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 markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat - staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in "correction territory."
seekingalpha.com
- 3 months ago
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.
zacks.com
- 3 months 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. A conference call to discuss CMTG's financial results will be held on Tuesday, August 6, 2024, at 9:00 a.m. ET. The conference call may be accessed by dialing 1-833-470-1428 and referencing the Claros Mortgage Trust, Inc. teleconference ca.
businesswire.com
- 3 months ago
3 High-Yield Dividend Stocks That Executives Love
Who cares what financial “pundits” are yapping about? Show us the money.
forbes.com
- 4 months ago
A Critical Cooldown
U.S. equity markets posted a mixed performance this week, while benchmark interest rates dipped to two-month lows after a critical slate of inflation data showed an encouraging cooldown in price pressures. As expected, the Fed held rates steady at two-decade highs of 5.50%, but the committee's "dot plots" showed that the FOMC is now penciling in just one rate-cut in 2024. Posting a series of record highs throughout the week, the S&P 500 advanced another 1.6% to extend its year-to-date total returns to over 15%, but the gains were notably top-heavy.
seekingalpha.com
- 5 months ago
8. Profile Summary
Claros Mortgage Trust, Inc. CMTG
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 934 M
Dividend Yield
3.40%
Description
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.
Contact
60 Columbus Circle, New York, NY, 10023
https://www.clarosmortgage.com
IPO Date
Nov. 3, 2021
Employees
None
Officers
Ms. Anh Huynh
Vice President of Investor Relations
Mr. Jeffrey David Siegel
Executive Vice President, General Counsel & Secretary
Ms. Priyanka Garg
Executive Vice President of Portfolio & Asset Management
Mr. Daniel Rosenblum
Vice President & Treasurer
Mr. John Michael McGillis CPA
President, Chief Financial Officer, Principal Financial & Accounting Officer and Director
Mr. Richard Jay Mack J.D.
Chairman & Chief Executive Officer