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General information

Country: UNITED STATES

Sector: REIT — Mortgage

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.
Website: clarosmortgage.com




Profitability: LTM EBITDA margin is positive, +185.1%. Gross margin is high, +100.0%. In the last quarter the company did not beat the estimated EPS, -2.9%. The company was ahead of estimated EPS in 25% of quarters (showing a gain of -$0.04 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 8.6%. Free cash flow yield 28.8% (LTM)

Entry Point: Share price is 45.9% higher than minimum and 17.3% lower than maximum for the last 3 years

Key Financials (Download financials)

Ticker: CMTG
Share price, USD:  (-0.5%)17.13
year average price 17.15  


year start price 17.60 2021-12-06

max close price 20.71 2022-06-03

min close price 11.74 2022-09-30

current price 17.13 2022-12-05
Common stocks: 139 632 985

Dividend Yield:  8.6%
FCF Yield LTM: 28.8%
EV / LTM EBITDA: 5.4x
EV / EBITDA annualized: 6.6x
Last revenue growth (y/y):  ---
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  0.0%
Historical growth of EBITDA:  0.0%
EV / Sales: 9.9x
Margin (EBITDA LTM / Revenue): 185.1%
Fundamental value created in LTM:
Market Cap ($m): 2 392
Net Debt ($m): 939
EV (Enterprise Value): 3 331
Price to Book: 0.9x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF / Free Cash Flow ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2022-11-13Seeking Alpha

Claros Mortgage Trust, Inc. (CMTG) Q3 2022 Earnings Call Transcript

2022-11-09Zacks Investment Research

Claros Mortgage Trust, Inc. (CMTG) Lags Q3 Earnings and Revenue Estimates

2022-10-20Business Wire

Claros Mortgage Trust, Inc. Announces Dates for Third Quarter 2022 Earnings Release and Conference Call

2022-08-06Seeking Alpha

Claros Mortgage Trust, Inc. (CMTG) CEO Richard Mack on Q2 2022 Results - Earnings Call Transcript

2022-07-27Business Wire

Claros Mortgage Trust, Inc. Announces Time Change for Second Quarter 2022 Earnings Conference Call

2022-07-26Business Wire

Claros Mortgage Trust, Inc. Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

2022-06-21Zacks Investment Research

Has Claros Mortgage Trust, Inc. (CMTG) Outpaced Other Finance Stocks This Year?

2022-06-01Business Wire

Claros Mortgage Trust, Inc. to Present at Nareit's REITweek: 2022 Investor Conference

2022-05-15Seeking Alpha

Claros Mortgage Trust, Inc. (CMTG) CEO Richard Mack on Q1 2022 Results - Earnings Call Transcript

2022-04-27Business Wire

Claros Mortgage Trust, Inc. Announces First Quarter 2022 Earnings Release and Conference Call
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2022 q3 2022 q2 2022 q1 2021 q4 2021 q3 2020 q4 2020 q3
date 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2020-12-31 2020-09-30
symbol CMTG CMTG CMTG CMTG CMTG CMTG CMTG
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2022-11-09 2022-08-02 2022-05-10 2022-03-16 2021-12-16 2020-12-31 2020-09-30
acceptedDate 2022-11-09 16:49:18 2022-08-02 16:38:10 2022-05-10 16:07:54 2022-03-15 19:57:24 2021-12-15 18:18:50 2020-12-31 2020-09-30
calendarYear 2022.000 2022.000 2022.000 2021.000 2021.000 2020.000 2020.000
period Q3 Q2 Q1 Q4 Q3 Q4 Q3
revenue 76M 99M 55M 118M 64M 62M 66M
costOfRevenue 0 0 0 0 0 0 0
grossProfit 0 99M 0 0 64M 0 0
grossProfitRatio 0 1.000 0 0 1.000 0 0
researchAndDevelopmentExpenses 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 18M 15M 14M 2M 11M 13M 15M
sellingAndMarketingExpenses 0 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 18M 15M 14M 2M 11M 13M 15M
otherExpenses 0 -5M 0 11M -10M 0 0
operatingExpenses 0 11M 0 13M 1M 0 0
costAndExpenses 0 30M 0 0 21M 0 0
interestIncome 129M 102M 91M 0 104M 105M 106M
interestExpense 72M 50M 42M 148M 48M 43M 40M
depreciationAndAmortization 2M 2M 2M 0 2M 0 0
ebitda 116M 126M 74M 266M 156M 86M 90M
ebitdaratio 1.522 1.266 1.328 2.246 2.420 1.403 1.359
operatingIncome 0 0 0 0 0 0 0
operatingIncomeRatio 0 0 0 0 0 0 0
totalOtherIncomeExpensesNet 0 0 0 0 0 0 0
incomeBeforeTax 42M 63M 29M 118M 53M 42M 51M
incomeBeforeTaxRatio 0.554 0.635 0.531 0.994 0.821 0.688 0.779
incomeTaxExpense 0 11M 0 0 53M 0 0
netIncome 42M 63M 29M 118M 53M 43M 50M
netIncomeRatio 0.552 0.636 0.531 0.993 0.822 0.702 0.757
eps 0.300 0.450 0.210 0.830 0.374 0.321 0.372
epsdiluted 0.300 0.450 0.210 0.830 0.374 0.321 0.372
weightedAverageShsOut 139M 140M 140M 142M 142M 135M 135M
weightedAverageShsOutDil 139M 140M 140M 142M 142M 135M 135M
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Balance Sheet Statement

Property 2022 q3 2022 q2 2022 q1 2021 q4 2021 q3 2021 q2 2020 q4
date 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2020-12-31
symbol CMTG CMTG CMTG CMTG CMTG CMTG CMTG
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2022-11-09 2022-08-02 2022-05-10 2022-03-16 2021-12-16 2021-06-30 2020-12-31
acceptedDate 2022-11-09 16:49:18 2022-08-02 16:38:10 2022-05-10 16:07:54 2022-03-15 19:57:24 2021-12-15 18:18:50 2021-06-30 2020-12-31
calendarYear 2022.000 2022.000 2022.000 2021.000 2021.000 2021.000 2020.000
period Q3 Q2 Q1 Q4 Q3 Q2 Q4
cashAndCashEquivalents 226M 461M 444M 310M 236M 477M 428M
shortTermInvestments 0 7 089M 0 6 407M 5 984M 0 0
cashAndShortTermInvestments 226M 7 550M 444M 6 717M 6 219M 477M 428M
netReceivables 0 0 0 6 340M 30M 30M 36M
inventory 0 0 0 0 0 0 0
otherCurrentAssets 0 0 0 0 467M 0 0
totalCurrentAssets 0 7 550M 0 13 058M 6 716M 0 0
propertyPlantEquipmentNet 0 0 0 0 0 0 0
goodwill 0 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0 0
longTermInvestments 41M 0 0 0 0 410M 338M
taxAssets 0 0 0 0 0 0 0
otherNonCurrentAssets 0 0 0 0 0 0 0
totalNonCurrentAssets 0 0 0 0 0 0 0
otherAssets 8 058M 466M 8 073M 0 636M 7 013M 6 953M
totalAssets 8 058M 8 016M 8 073M 7 455M 7 352M 7 013M 6 953M
accountPayables 0 0 0 0 41M 36M 13M
shortTermDebt 0 0 0 48M 0 0 0
taxPayables 0 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0 0
otherCurrentLiabilities 0 0 0 0 -9M 0 0
totalCurrentLiabilities 0 0 0 48M 33M 0 0
longTermDebt 1 414M 1 400M 1 340M 242M 1 605M 1 681M 1 566M
deferredRevenueNonCurrent 0 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0 0
otherNonCurrentLiabilities 0 0 0 4 561M 0 0 0
totalNonCurrentLiabilities 0 1 400M 1 340M 4 803M 1 605M 1 681M 1 566M
otherLiabilities 5 523M 4 026M 4 153M 0 6 381M 6 154M 5 896M
capitalLeaseObligations 0 0 0 0 0 0 0
totalLiabilities 5 523M 5 426M 5 494M 4 851M 4 809M 4 473M 4 330M
preferredStock 0 0 0 0 125 000 125 000 125 000
commonStock 1M 1M 1M 53M 138M 138M 143M
retainedEarnings -183M -172M -183M 665M -118M -121M -47M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0 0
othertotalStockholdersEquity 0 2 723M 2 723M 1 886M 2 486M 2 486M 2 492M
totalStockholdersEquity 2 535M 2 552M 2 541M 2 604M 2 506M 2 504M 2 587M
totalLiabilitiesAndStockholdersEquity 8 058M 7 978M 8 035M 7 455M 7 315M 6 977M 6 917M
minorityInterest 0 38M 38M 0 37M 37M 35M
totalEquity 2 535M 2 590M 2 579M 2 604M 2 543M 2 540M 2 622M
totalLiabilitiesAndTotalEquity 8 058M 8 016M 8 073M 7 455M 7 352M 7 013M 6 953M
totalInvestments 0 0 0 0 0 0 0
totalDebt 1 414M 1 400M 1 340M 290M 1 605M 1 681M 1 566M
netDebt 1 189M 939M 896M -20M 1 369M 1 204M 1 139M
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Cash Flow Statement

Property 2022 q3 2022 q2 2022 q1 2021 q4 2021 q3 2020 q4 2020 q3
date 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2020-12-31 2020-09-30
symbol CMTG CMTG CMTG CMTG CMTG CMTG CMTG
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2022-11-09 2022-08-02 2022-05-10 2022-03-16 2021-12-16 2020-12-31 2020-09-30
acceptedDate 2022-11-09 16:49:18 2022-08-02 16:38:10 2022-05-10 16:07:54 2022-03-15 19:57:24 2021-12-15 18:18:50 2020-12-31 2020-09-30
calendarYear 2022.000 2022.000 2022.000 2021.000 2021.000 2020.000 2020.000
period Q3 Q2 Q1 Q4 Q3 Q4 Q3
netIncome 42M 63M 29M 118M 53M 43M 50M
depreciationAndAmortization 0 2M 2M 0 2M 0 0
deferredIncomeTax 0 0 0 0 0 0 0
stockBasedCompensation 3M 604 000 0 0 -186 000 -2M 2M
changeInWorkingCapital -6M 8M -8M 9M -7M 9M -8M
accountsReceivables 0 0 0 0 -626 000 7M -5M
inventory 0 0 0 0 0 0 0
accountsPayables 0 0 0 0 4M 2M -16 000
otherWorkingCapital 0 0 0 13 010M -35 000 91 000 2000.000
otherNonCashItems -21M -25M -1M -127M 6M -6M -25M
netCashProvidedByOperatingActivities 19M 49M 23M 0 54M 45M 19M
investmentsInPropertyPlantAndEquipment 0 0 0 0 0 0 0
acquisitionsNet 0 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0 0
otherInvestingActivites -278M 84M -457M 0 -572M 18M -25M
netCashUsedForInvestingActivites -278M 84M -457M 0 -572M 18M -25M
debtRepayment -329M -551M -373M 260M -270M -300M -97M
commonStockIssued 0 0 0 103M 0 0 0
commonStockRepurchased -10M -592 000 -3M -4M 0 0 0
dividendsPaid -52M -52M -52M -147M -50M -50M -59M
otherFinancingActivites 416M 501M 995M -431M 601M 410M 103M
netCashUsedProvidedByFinancingActivities 24M -103M 567M -218M 281M 60M -53M
effectOfForexChangesOnCash 0 0 0 0 0 0 0
netChangeInCash -235M 31M 133M 74M -237M 123M -59M
cashAtEndOfPeriod 263M 498M 467M 334M 260M 431M 308M
cashAtBeginningOfPeriod 498M 467M 334M 260M 497M 308M 367M
operatingCashFlow 19M 49M 23M 0 54M 45M 19M
capitalExpenditure -201 000 -2M 0 0 0 0 0
freeCashFlow 19M 48M 23M 0 54M 45M 19M
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Statements

Q Earning call transcript Income Statement Balance Sheet Statement Cash Flow Statement
2022 q3 2022-11-13
(fiscal 2022 q3)
2022-11-09 2022-11-09 2022-11-09
2022 q2 2022-08-06
(fiscal 2022 q2)
2022-08-02 2022-08-02 2022-08-02
2022 q1 2022-05-15
(fiscal 2022 q1)
2022-05-10 2022-05-10 2022-05-10
2021 q4 2022-03-15 2022-03-15 2022-03-15
2021 q3 2021-12-15 2021-12-15 2021-12-15
2021 q2 2021-06-30
2021 q1
2020 q4 2020-12-31 2020-12-31 2020-12-31
2020 q3 2020-09-30 2020-09-30
2020 q2
2020 q1

Press-releases

Show financial reports only

2022-11-09 16:35 ET
Claros Mortgage Trust, Inc. Reports Third Quarter 2022 Results
2022-10-20 17:03 ET
Claros Mortgage Trust, Inc. Announces Dates for Third Quarter 2022 Earnings Release and Conference Call
2022-09-15 16:20 ET
Claros Mortgage Trust, Inc. Declares Common Stock Dividend
2022-08-02 16:20 ET
Claros Mortgage Trust, Inc. Reports Second Quarter 2022 Results
2022-07-27 16:47 ET
Claros Mortgage Trust, Inc. Announces Time Change for Second Quarter 2022 Earnings Conference Call
2022-07-26 06:54 ET
Claros Mortgage Trust, Inc. Announces Dates for Second Quarter 2022 Earnings Release and Conference Call
2022-06-15 16:37 ET
Claros Mortgage Trust, Inc. Declares Common Stock Dividend
2022-06-01 17:06 ET
Claros Mortgage Trust, Inc. to Present at Nareit’s REITweek: 2022 Investor Conference

SEC forms

Show financial reports only

SEC form 8
2022-11-09 16:28 ET
Claros Mortgage Trust, Inc. published news for 2022 q3
SEC form 10
2022-11-09 00:00 ET
Claros Mortgage Trust, Inc. published news for 2022 q3
SEC form 10
2022-08-02 00:00 ET
Claros Mortgage Trust, Inc. published news for 2022 q2
SEC form 8
2022-08-02 00:00 ET
Claros Mortgage Trust, Inc. published news for 2022 q2
SEC form 10
2022-05-10 00:00 ET
Claros Mortgage Trust, Inc. reported for 2022 q1
SEC form 8
2022-05-10 00:00 ET
Claros Mortgage Trust, Inc. published news for 2022 q1
SEC form 10
2022-03-16 00:00 ET
Claros Mortgage Trust, Inc. published news for 2021 q4
SEC form 8
2022-03-15 00:00 ET
Claros Mortgage Trust, Inc. published news for 2021 q4
SEC form 10
2021-12-16 00:00 ET
Claros Mortgage Trust, Inc. reported for 2021 q3
SEC form 8
2021-12-13 00:00 ET
Claros Mortgage Trust, Inc. reported for 2021 q3