Claros Mortgage Trust, Inc. (CMTG) Tops Q3 EPS by 4c
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Claros Mortgage Trust, Inc. Reports Third Quarter 2021 Results
December 13, 2021 5:00 PM ESTNEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (the Company or CMTG) today reported its financial results for the quarter ended September 30, 2021. The Companys third quarter 2021 GAAP net income was $52.9 million, or $0.40 per diluted share of common stock, and Net Distributable Earnings (a non-GAAP financial measure defined below) was $45.3 million, or $0.34 per diluted share of common stock.
Third Quarter 2021 Highlights
Significant increase in origination activity, closing seven investments totaling $905.2 million of total commitments of which $745.0 million was funded at closing Current loan... More