Overview
Real estate investment trust's Q4 GAAP net loss was $219.2 mln
Company resolved five loans totaling $483.9 mln of UPB in Q4
Company executed sales of signage and office floors for $24.1 mln
Outlook
Company believes momentum will advance strategy and reposition portfolio in 2026
Result Drivers
LOAN RESOLUTIONS - Claros Mortgage Trust resolved five loans totaling $483.9 mln of UPB in Q4, including full repayments and discounted payoffs
CREDIT LOSS PROVISIONS - Provision for CECL reserves of $211.7 mln in Q4, reflecting cautious approach to potential credit losses
DELEVERAGING - Net financings outstanding decreased by $500 mln in Q4, including $305 mln of deleveraging payments
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income | -$219.21 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 $3.00, about 22.4% above its February 18 closing price of $2.45
Press Release: ID:nBwbJJPjva
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(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.)