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.
Company profile
Ticker
CMTG
Exchange
Website
CEO
Mr. Richard Jay Mack J.D.
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
474074900
CMTG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
12 Sep 24
8-K
Entry into a Material Definitive Agreement
20 Aug 24
8-K
Claros Mortgage Trust, Inc. Reports Second Quarter 2024 Results
5 Aug 24
10-Q
2024 Q2
Quarterly report
5 Aug 24
8-K
Entry into a Material Definitive Agreement
24 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 24
8-K
Regulation FD Disclosure
21 May 24
8-K
Other Events
10 May 24
424B5
Prospectus supplement for primary offering
10 May 24
POSASR
Automatic shelf registration (post-effective amendment)
10 May 24
Transcripts
CMTG
Earnings call transcript
2024 Q1
7 May 24
CMTG
Earnings call transcript
2023 Q4
21 Feb 24
CMTG
Earnings call transcript
2023 Q3
1 Nov 23
CMTG
Earnings call transcript
2023 Q2
2 Aug 23
CMTG
Earnings call transcript
2023 Q2
2 Aug 23
CMTG
Earnings call transcript
2023 Q1
3 May 23
CMTG
Earnings call transcript
2022 Q4
17 Feb 23
CMTG
Earnings call transcript
2022 Q3
13 Nov 22
CMTG
Earnings call transcript
2022 Q2
6 Aug 22
CMTG
Earnings call transcript
2022 Q1
15 May 22
Latest ownership filings
4
VINCENT TESE
3 Oct 24
4
Steven Leonard Richman
3 Oct 24
4
Jeffrey D Siegel
14 Aug 24
4
Priyanka Garg
14 Aug 24
4
Richard Mack
14 Aug 24
4
Mike McGillis
14 Aug 24
SC 13G/A
Beaverhead Capital, LLC
9 Aug 24
4
Change in insider ownership
2 Aug 24
3
Initial statement of insider ownership
2 Aug 24
4
Steven Leonard Richman
2 Jul 24
Financial summary
| Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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| Diluted EPS |
| Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
| Operating margin | ||||
| Net income | ||||
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| Cash on hand | ||||
| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 169.40 mm | 169.40 mm | 169.40 mm | 169.40 mm | 169.40 mm | 169.40 mm |
| Cash burn (monthly) | 27.46 mm | 9.64 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 115.15 mm | 40.43 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 54.25 mm | 128.97 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 2.0 | 13.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
| 13F holders | Current |
|---|---|
| Total holders | 104 |
| Opened positions | 79 |
| Closed positions | 4 |
| Increased positions | 7 |
| Reduced positions | 7 |
| 13F shares | Current |
|---|---|
| Total value | 715.32 bn |
| Total shares | 142.60 mm |
| Total puts | 16.30 k |
| Total calls | 300.00 |
| Total put/call ratio | 54.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Hyundai Investments | 27.40 mm | $219.76 bn |
| Koch Industries | 15.13 mm | $121.32 bn |
| Beaverhead Capital | 15.13 mm | $247.93 mm |
| BAE Systems Pension Funds Investment Management | 14.46 mm | $245.85 mm |
| Vanguard | 11.48 mm | $92.05 bn |
| BLK BlackRock | 9.53 mm | $76.41 bn |
| Neuberger Berman | 8.75 mm | $70.18 bn |
| NB Alternatives Advisers | 8.75 mm | $143.41 mm |
| Teacher Retirement System Of Texas | 7.50 mm | $60.15 mm |
| Pingan Real Estate Capital | 7.31 mm | $124.51 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Oct 24 | Steven Leonard Richman | DEFERRED STOCK UNITS COMMON STOCK | Grant | Acquire A | No | No | 0 | 2,777 | 0.00 | 18,280 |
| 1 Oct 24 | Tese Vincent | DEFERRED STOCK UNITS COMMON STOCK | Grant | Acquire A | No | No | 0 | 3,906 | 0.00 | 25,239 |
| 12 Aug 24 | Mike McGillis | COMMON STOCK | Payment of exercise | Dispose F | No | No | 8.41 | 23,589 | 198.38 k | 451,830 |
| 12 Aug 24 | Richard Mack | COMMON STOCK | Sale back to company | Dispose D | No | No | 8.41 | 141,872 | 1.19 mm | 2,449,981 |
| 12 Aug 24 | Jeffrey D Siegel | COMMON STOCK | Payment of exercise | Dispose F | No | No | 8.41 | 13,008 | 109.40 k | 154,233.774 |