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)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 232,514 | 187,301 | 307,367 | 253,055 | 426,503 | 306,456 | |||
| Cash and cash equivalents | 232,514 | 187,301 | 307,367 | 253,055 | 426,503 | 306,456 | |||
| Total current assets: | 232,514 | 187,301 | 307,367 | 253,055 | 426,503 | 306,456 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 42,439 | 42,474 | 42,515 | 42,547 | 43,443 | 41,880 | |||
| Long-term investments | 42,439 | 42,474 | 42,515 | 42,547 | 43,443 | 41,880 | |||
| Total noncurrent assets: | 42,439 | 42,474 | 42,515 | 42,547 | 43,443 | 41,880 | |||
| Other undisclosed assets | 7,480,864 | 7,839,586 | 7,698,548 | 8,105,002 | 8,014,474 | 7,893,177 | |||
| TOTAL ASSETS: | 7,755,817 | 8,069,361 | 8,048,430 | 8,400,604 | 8,484,420 | 8,241,513 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 711,876 | 712,576 | 713,276 | 713,975 | 736,190 | 736,853 | |||
| Long-term debt, excluding current maturities | 711,876 | 712,576 | 713,276 | 713,975 | 736,190 | 736,853 | |||
| Total noncurrent liabilities: | 711,876 | 712,576 | 713,276 | 713,975 | 736,190 | 736,853 | |||
| Other undisclosed liabilities | 4,828,058 | 5,056,885 | 5,038,485 | 5,286,203 | 5,304,076 | 5,048,189 | |||
| Total liabilities: | 5,539,934 | 5,769,461 | 5,751,761 | 6,000,178 | 6,040,266 | 5,785,042 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,215,883 | 2,299,900 | 2,296,669 | 2,400,426 | 2,444,154 | 2,456,471 | |||
| Common stock | 1,387 | 1,387 | 1,400 | 1,400 | 1,400 | 1,400 | |||
| Additional paid in capital | 2,729,617 | 2,725,217 | 2,720,688 | 2,720,168 | 2,715,725 | 2,712,316 | |||
| Accumulated deficit | (515,121) | (426,704) | (425,419) | (321,142) | (272,971) | (257,245) | |||
| Total equity: | 2,215,883 | 2,299,900 | 2,296,669 | 2,400,426 | 2,444,154 | 2,456,471 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,755,817 | 8,069,361 | 8,048,430 | 8,400,604 | 8,484,420 | 8,241,513 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 58,825 | 75,972 | 80,553 | 80,925 | 69,102 | 83,617 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (70,000) | (5,300) | (3,200) | |||||
| Other undisclosed gross profit | 2,400 | |||||||
| Gross profit: | (11,175) | 70,672 | 80,553 | 80,925 | 65,902 | 86,017 | ||
| Operating expenses | (39,248) | (40,698) | (39,876) | (37,754) | (37,005) | (37,373) | ||
| Operating income (loss): | (50,423) | 29,974 | 40,677 | 43,171 | 28,897 | 48,644 | ||
| Interest and debt expense | (122,260) | (127,382) | (129,748) | 2,217 | (111,471) | (97,465) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (172,683) | (97,408) | (89,071) | 45,388 | (82,574) | (48,821) | ||
| Income (loss) from equity method investments | (35) | (41) | (33) | (895) | 1,563 | 1,556 | ||
| Other undisclosed loss from continuing operations before income taxes | (188,761) | |||||||
| Income (loss) from continuing operations: | (172,718) | (97,449) | (89,104) | 44,493 | (81,011) | (236,026) | ||
| Other undisclosed net income (loss) | 119,923 | 131,492 | 20,157 | (40,240) | 117,689 | 213,373 | ||
| Net income (loss): | (52,795) | 34,043 | (68,947) | 4,253 | 36,678 | (22,653) | ||
| Other undisclosed net income attributable to parent | 91 | |||||||
| Net income (loss) attributable to parent: | (52,795) | 34,043 | (68,947) | 4,253 | 36,678 | (22,562) | ||
| Other undisclosed net loss available to common stockholders, basic | (91) | |||||||
| Net income (loss) available to common stockholders, diluted: | (52,795) | 34,043 | (68,947) | 4,253 | 36,678 | (22,653) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (52,795) | 34,043 | (68,947) | 4,253 | 36,678 | (22,653) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (52,795) | 34,043 | (68,947) | 4,253 | 36,678 | (22,653) | ||
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.