Claros Mortgage TrustNYSE: CMTG

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.

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.

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.

Claros Mortgage Trust, Inc. (NYSE: CMTG) announced that J. Michael McGillis, President and CFO, will be speaking at Nareit's REITweek: 2024 Investor Conference on June 5, 2024, at 11:45 a.m. ET. A live audio webcast of the presentation will be available on CMTG's website for those unable to attend.

Claros Mortgage Trust, Inc. (CMTG) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

NEW YORK--(BUSINESS WIRE)--Claros Mortgage Trust, Inc. (NYSE: CMTG) (“CMTG”) today announced that Richard Mack, Chairman and CEO, will present at the Citi Global Property CEO Conference on Wednesday, March 6, 2024, at 9:35 a.m. ET. A live audio webcast of the presentation may be accessed through the Events and Presentations section of CMTG's website at www.clarosmortgage.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be avail.

Claros Mortgage Trust, Inc. (CMTG) Q4 2023 Earnings Call Transcript

CMTG, DSDVY and LPG have been added to the Zacks Rank #5 (Strong Sell) List on September 28, 2023.

Claros Mortgage Trust has seen a decline in its stock price since going public in 2021, and the recent decline in net income hasn't helped. The company, which provides loans for commercial real estate, has increased loss provisions, likely as higher borrowing costs and the likelihood of a weak economy moving forward can affect it. From a valuation perspective, there could be some upside, but a huge dividend payout ratio raises questions on whether they can be sustained.