Claros Mortgage Trust, Inc. (CMTG) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O MACK REAL ESTATE GROUP
NEW YORK, NY 10023
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments306,456310,194
Cash and cash equivalents306,456310,194
Total current assets:306,456310,194
Noncurrent Assets
Long-term investments and receivables41,880 
Long-term investments41,880 
Total noncurrent assets:41,880 
Other undisclosed assets7,893,1777,145,077
TOTAL ASSETS:8,241,5137,455,271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation736,853739,762
Long-term debt, excluding current maturities736,853739,762
Total noncurrent liabilities:736,853739,762
Other undisclosed liabilities5,048,1894,111,242
Total liabilities:5,785,0424,851,004
Equity
Equity, attributable to parent, including:2,456,4712,566,631
Common stock1,4001,400
Treasury stock, value  (3,602)
Additional paid in capital2,712,3162,729,792
Retained earnings (accumulated deficit)(257,245)664,700
Other undisclosed equity, attributable to parent  (825,659)
Equity, attributable to noncontrolling interest  37,636
Total equity:2,456,4712,604,267
TOTAL LIABILITIES AND EQUITY:8,241,5137,455,271

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues287,201247,015
Net investment income  386,731
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (9,000)
Other undisclosed gross profit  
Gross profit:287,201238,015
Operating expenses(129,797)(92,732)
Operating income:157,404145,283
Nonoperating income
(Other Nonoperating income)
  16,106
Interest and debt expense(261,107)(196,232)
Loss from continuing operations before equity method investments, income taxes:(103,703)(34,843)
Income from equity method investments2,485 
Other undisclosed loss from continuing operations before income taxes  
Loss from continuing operations before income taxes:(101,218)(34,843)
Other undisclosed income from continuing operations  205,232
Income (loss) from continuing operations:(101,218)170,389
Income before gain (loss) on sale of properties:170,389
Other undisclosed net income213,373 
Net income (loss):112,155170,389
Net income (loss) attributable to noncontrolling interest (91)164
Other undisclosed net income (loss) attributable to parent91(9,392)
Net income (loss) attributable to parent:112,155161,161
Preferred stock dividends and other adjustments  (16)
Other undisclosed net income (loss) available to common stockholders, basic(91)9,392
Net income (loss) available to common stockholders, diluted:112,064170,537

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):112,155170,389
Comprehensive income (loss):112,155170,389
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (91)164
Comprehensive income (loss), net of tax, attributable to parent:112,064170,553

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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