Claros Mortgage Trust, Inc. (CMTG)

The company's stock experienced a significant decline of 47.99% between October 10, 2024, and October 9, 2025, and has underperformed both the broader US Mortgage REITs industry and the overall US Market over the past year. CMTG reported a GAAP net loss of $100.7 million for Q4 2024 and $221.3 million for the full year, with a distributable loss of $83.2 million for the quarter and $95.7 million for the year. In Q1 2025, the company reported a GAAP net loss of $78.6 million, or $0.56 per share, driven by a $41 million CECL reserve and a $43 million loan write-down. CMTG reported a GAAP net loss of $181.7 million, or $1.30 per share, and a distributable loss of $110.1 million, or $0.77 per share, in Q2 2025, with significant loan resolutions totaling $1.0 billion in UPB. The company reported a $1.2 billion increase in realizations year-to-date and $374 million in loan repayments in Q3 2024, with CECL reserves approximating $79 million. In October 2025, Claros Mortgage Trust adjusted two master repurchase agreements with JPMorgan Chase Bank, National Association, increasing one facility's maximum amount to $1.1 billion and decreasing another to $1.9 billion. Wells Fargo downgraded CMTG from "Hold" to "Sell" in September 2024.

Specific demand seasonality for Claros Mortgage Trust, Inc.'s products and services is not explicitly detailed in the available information. The commercial real estate lending market, in which CMTG operates, can be influenced by broader economic factors such as changes in interest rates, borrowing costs, and demand for various property types. Anticipated Fed rate cuts could ease refinancing strain for distressed property owners, potentially impacting demand for lending. The company's loan portfolio is primarily collateralized by multifamily, hospitality, and office properties, suggesting that demand for its loans would generally follow trends in these commercial real estate sectors.

Claros Mortgage Trust, Inc. (CMTG) is a real estate investment trust (REIT) focused on originating senior and subordinate loans for transitional commercial real estate (CRE) assets, operating within the Real Estate sector and the REIT - Mortgage industry. CMTG's main products and services include senior mortgage loans, mezzanine loans, construction loans, and preferred equity investments, tailored to finance acquisitions, refinancing, or redevelopment projects for commercial real estate owners and developers.

Claros Mortgage Trust, Inc. is headquartered in New York, New York, and primarily operates in major markets across the United States, also seeking to originate senior and subordinate loans on transitional CRE assets in other markets. Its investment strategy often targets metropolitan statistical areas (MSAs) where its affiliate, Mack Real Estate Group, LLC (MREG), has established experience and infrastructure.

In the past year, Claros Mortgage Trust's reputation has been tied to its financial performance and the broader challenges within the commercial real estate market. The company's reported losses in Q1 and Q2 2025, driven by CECL provisions and loan write-downs, and its underperformance relative to industry benchmarks, have likely impacted its reputation among investors. Adjustments to its repurchase agreements with JPMorgan Chase in October 2025 and analyst downgrades also contribute to the narrative surrounding the company's financial health and operational stability.

Claros Mortgage Trust, Inc. is owned by a mix of institutional shareholders (61.38%), Claros Mortgage Trust insiders (26.93%), and retail investors (11.69%). Major institutional owners include Hyundai Investments Co., Ltd., Koch, Inc., Neuberger Berman Group LLC, BlackRock, Inc., Vanguard Group Inc, Charles Schwab Investment Management Inc, Wafra Inc., Geode Capital Management, Llc, iShares Russell 2000 ETF, Spring Creek Capital, LLC, Ping An Asset Management Co. Ltd., State Street Global Advisors, Inc., Balyasny Asset Management L.P., D. E. Shaw & Co., L.P., JPMorgan Chase & Co., Point72 Asset Management, L.P., Ameriprise Financial Inc., Sei Investments Co., Invesco Ltd., Russell Investments Group Ltd., Prudential Financial Inc., Goldman Sachs Group Inc., and Avantax Advisory Services Inc. Koch Inc. is identified as the largest individual Claros Mortgage Trust shareholder, holding 15.13 million shares, representing 10.82% of the company.