Claros Mortgage Trust, Inc. (NYSE: CMTG) has released its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a GAAP net loss of $219.2 million and $489.1 million, or $1.56 per share and $3.49 per share, for the quarter and year, respectively. The distributable loss, a non-GAAP financial measure, was $101.7 million and $269.0 million, or $0.71 per share and $1.88 per share, for the quarter and year, respectively.
During the fourth quarter of 2025, Claros Mortgage Trust, Inc. resolved five loans totaling $483.9 million of UPB (Unpaid Principal Balance), including two full repayments, one discounted payoff, one loan sale, and one UCC foreclosure. The company also executed sales of signage and remaining office floors at their mixed-use REO for an aggregate gross sales price of $24.1 million.
The provision for CECL (Current Expected Credit Loss) reserves was $211.7 million for the quarter, with CECL reserves of $443.1 million on loans receivable at year-end. The REO assets generated distributable earnings prior to realized gains and losses of $0.03 per share for the quarter, net of financing costs.
At the end of December 31, 2025, the company had a $3.7 billion loan portfolio with a weighted average all-in yield of 6.2%, total liquidity of $185 million, including $173 million of cash, and unencumbered assets of $541 million.
For the full year 2025, Claros Mortgage Trust, Inc. resolved 21 loans totaling $2.5 billion of UPB and received $93.8 million in partial loan repayments. They also resolved 11 watchlist loans totaling $1.3 billion of UPB, and net financings outstanding decreased by $1.7 billion, including $580 million of deleveraging payments.
In subsequent events, the company resolved four loans totaling $388.7 million of UPB, closed a new $500.0 million secured term loan maturing in 2030, and improved total liquidity by $51 million since year-end 2024.
Richard Mack, the Chief Executive Officer and Chairman of CMTG, expressed confidence in the company's performance, highlighting the $2.5 billion in loan resolutions, increased liquidity, and continued deleveraging in 2025.
The company's conference call to discuss its financial results will be held on Thursday, February 19, 2026, at 10:00 a.m. ET, and additional information about the financial results may be accessed through the investor relations section of CMTG’s website.
Claros Mortgage Trust, Inc. is a real estate investment trust focused primarily on originating senior and subordinate loans on transitional commercial real estate assets in major U.S. markets. The market has reacted to these announcements by moving the company's shares 2.46% to a price of $2.92. For the full picture, make sure to review Claros Mortgage Trust's 8-K report.
