Claros Mortgage Trust, Inc. Reports Third Quarter 2024 Results
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Claros Mortgage Trust, Inc. (NYSE: CMTG) reported a GAAP net loss of $56.2 million for Q3 2024, translating to a loss of $0.40 per share. The company also reported a distributable loss of $24.6 million, or $0.17 per share, with distributable earnings before realized losses at $31.0 million, or $0.22 per share.
November 07, 2024 | 9:45 pm
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Claros Mortgage Trust reported a significant GAAP net loss of $56.2 million for Q3 2024, indicating financial challenges. However, distributable earnings before realized losses were positive at $31.0 million.
The reported GAAP net loss of $56.2 million is a negative indicator for CMTG, suggesting financial difficulties. The positive distributable earnings before realized losses provide a slight offset but do not negate the overall negative impact.
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IMPORTANCE 80
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