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Companies / Real Estate / Claros Mortgage Trust, Inc.
CMTG

Claros Mortgage Trust, Inc.

Real EstateReal Estate
Ticker CMTGNEW YORK, NYFiscal year ends DecemberBook value per share $8.78Diluted shares 140.9M

Claros Mortgage Trust, Inc. (NYSE: CMTG) is a commercial real estate finance company focused on originating, co-originating, and acquiring senior and subordinate loans on transitional CRE assets located primarily in major U.S. markets. The company's website is www.clarosmortgage.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$187.83M
−24.4% year over year
Last 12 mo $152.05M
0.00%
$-489.07M
−121.0% year over year
Last 12 mo $-538.46M
-31.93%
−20.9 percentage points
Last 12 mo -43.50%
Cash & financing
$-30.46M
−136.0% year over year
Last 12 mo $-7.40M
$-33.18M
−139.9% year over year
Last 12 mo $-14.30M
0.69
Was 0.71× a year earlier
Last 12 mo 0.64
140.1M
+0.7% year over year
Last 12 mo 140.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Claros Mortgage Trust, Inc. does

In the company’s own words

Claros Mortgage Trust, Inc. (NYSE: CMTG) is a commercial real estate finance company focused on originating, co-originating, and acquiring senior and subordinate loans on transitional CRE assets located primarily in major U.S. markets. The company's website is www.clarosmortgage.com.

The company specializes in lending on transitional properties that require repositioning, renovation, rehabilitation, leasing, development, or redevelopment to maximize value. Claros originates loans typically ranging from $50 million to $300 million and generally intends to hold its loans to maturity. The company's target assets include senior mortgage loans secured by first priority or subordinate mortgages on transitional CRE properties, participations in mortgage loans, and subordinate loans including mezzanine loans secured by pledges of equity ownership interests.

As of December 31, 2025, Claros maintained a diversified loan portfolio of approximately $3.7 billion based on carrying value, comprising 33 senior and subordinate loans. The portfolio demonstrates geographic and property-type diversification across major U.S. markets. The company also holds eight real estate owned assets with a total carrying value of $746.8 million, acquired primarily through foreclosures during 2025, including a portfolio of limited service hotel properties, a mixed-use property, and a land parcel.

Claros is externally managed by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P. (MRECS), which operates as part of the broader Mack Real Estate Group platform. The company leverages its sponsor's extensive real estate development, ownership, and operations experience to underwrite and manage loans on transitional assets. The company's competitive advantage derives from its sponsor's infrastructure and expertise in identifying, analyzing, and managing real estate investments across investment cycles and property types.

The company finances its business through a combination of common stock issuances, repurchase agreements, term participation facilities, asset-specific financings, debt related to real estate owned properties, and a secured term loan. Claros has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes and operates to maintain its exclusion from registration under the Investment Company Act of 1940.

Company details
Sector
Real Estate
Industry
Real Estate
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1666291
SIC
6500

Financial performance, year by year

Fiscal 2021–2025 · USD
$-622.97M$-369.46M$-115.96M$137.55M$391.05M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Claros Mortgage Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

102
funds hold it
0 of 35
superinvestors hold it
$48.46M
held by funds, at market
14.3%
of shares held by funds

Largest fund holders · Claros Mortgage Trust, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Schwab Fundamental U.S. Small Company ETF
FNDA · SCHWAB STRATEGIC TRUST
0.04%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
VanEck Mortgage REIT Income ETF
MORT · VanEck ETF Trust
0.66%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Claros Mortgage Trust, Inc. and its peers compare on margins and cash generation over ten years?”
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