Financial Snapshot

Revenue
$401.0M
TTM
Gross Margin
73.27%
TTM
Net Earnings
-$99.86M
TTM
Current Assets
$148.2M
Q2 2024
Current Liabilities
$5.034B
Q2 2024
Current Ratio
2.94%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$2.171B
Q2 2024
Cash
Q2 2024
P/E
-11.10
Sep 13, 2024 EST
Free Cash Flow
$94.68M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $306.6M $287.2M $247.0M $445.9M $389.4M
YoY Change 6.74% 16.27% -44.61% 14.53%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $306.6M $287.2M $247.0M $445.9M $389.4M
Cost Of Revenue $510.2M $39.46M $39.14M $46.73M $42.83M
Gross Profit $267.4M $524.8M $404.1M $399.2M $346.5M
Gross Profit Margin 87.23% 182.72% 163.6% 89.52% 89.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $82.71M $152.5M $44.64M $14.67M $32.88M
YoY Change -45.76% 241.63% 204.18% -55.37%
% of Gross Profit 30.93% 29.06% 11.05% 3.68% 9.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.900M $8.041M $7.113M
YoY Change 10.68% 13.05%
% of Gross Profit 3.33% 1.53% 1.76%
Operating Expenses $155.3M $129.8M $92.73M $61.40M $75.71M
YoY Change 19.67% 39.97% 51.03% -18.9%
Operating Profit $112.1M $395.0M $311.4M $337.8M $270.8M
YoY Change -71.62% 26.85% -7.83% 24.74%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $470.5M $261.1M $196.2M $172.2M $139.7M
YoY Change 80.2% 33.06% 13.93% 23.25%
% of Operating Profit 419.79% 66.11% 63.02% 50.98% 51.6%
Other Income/Expense, Net -$20.15M $16.11M -$6.640M $143.0K
YoY Change -225.08% -342.56% -4743.36%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $6.027M $112.2M $170.4M $205.7M $174.0M
YoY Change -94.63% -34.18% -17.15% 18.17%
Income Tax
% Of Pretax Income
Net Earnings $6.027M $112.2M $161.2M $194.6M $163.2M
YoY Change -94.63% -30.41% -17.17% 19.23%
Net Earnings / Revenue 1.97% 39.05% 65.24% 43.63% 41.91%
Basic Earnings Per Share $0.02 $0.79 $1.27 $1.52 $1.51
Diluted Earnings Per Share $0.02 $0.79 $1.27 $1.52 $1.51

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $187.3M $306.5M $310.2M $427.5M $335.0M
YoY Change -38.88% -1.21% -27.44% 27.62%
Cash & Equivalents $187.3M $306.5M $310.2M $427.5M $335.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $187.3M $306.5M $336.2M $463.2M $370.8M
YoY Change -38.88% -8.84% -27.42% 24.9%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.47M $41.88M
YoY Change 1.42%
Other Assets $27.59M $41.70M $43.49M $11.49M $11.81M
YoY Change -33.85% -4.1% 278.39% -2.66%
Total Long-Term Assets $7.882B $7.935B $7.119B $6.489B $6.177B
YoY Change -0.67% 11.46% 9.7% 5.05%
Total Assets $8.069B $8.242B $7.455B $6.953B $6.548B
YoY Change
Accounts Payable $46.22M $2.481M $6.210M
YoY Change 1762.76% -60.05%
Accrued Expenses $8.242M $10.18M $9.034M
YoY Change -19.04% 12.69%
Deferred Revenue
YoY Change
Short-Term Debt $5.267B $5.111B $4.277B $3.735B $3.413B
YoY Change 3.06% 19.49% 14.52% 9.44%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.359B $5.232B $4.393B $3.814B $3.504B
YoY Change 2.43% 19.08% 15.2% 8.85%
Long-Term Debt $410.4M $553.2M $457.6M $516.5M $471.6M
YoY Change -25.81% 20.9% -11.41% 9.52%
Other Long-Term Liabilities $141.4M $141.7M
YoY Change -0.27%
Total Long-Term Liabilities $410.4M $553.2M $457.6M $657.8M $613.3M
YoY Change -25.81% 20.9% -30.45% 7.26%
Total Liabilities $5.769B $5.785B $4.889B $4.507B $4.164B
YoY Change -0.27% 18.34% 8.47% 8.24%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 138.6M 139.3M 134.5M 133.0M 111.5M
Diluted Shares Outstanding 138.6M 139.3M 134.5M 133.0M 111.5M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $1.1089 Billion

About Claros Mortgage Trust Inc

Claros Mortgage Trust, Inc. is a commercial real estate finance company that focuses on originating senior and subordinate loans on transitional CRE assets located in U.S. markets. The company is headquartered in New York City, New York. The company went IPO on 2021-11-03. The firm is focused primarily on originating senior and subordinate loans on transitional commercial real estate (CRE) assets located in markets across the United Sates. Its objective is to provide debt capital for transitional CRE assets and, in doing so, to generate risk-adjusted returns for its stockholders. The company seeks primarily to originate, co-originate and acquire senior and subordinate loans on transitional CRE assets located in the United States markets and generally intend to hold its loans to maturity. In addition to its primary focus on the United States markets, it also seeks to originate senior and subordinate loans on transitional CRE assets located in other markets. The company also focuses on mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans, including mezzanine loans. The firm is externally managed and advised by Claros REIT Management LP.

Industry: Real Estate Peers: AGNC Investment Corp Annaly Capital Management Inc Apollo Commercial Real Estate Finance Inc Arbor Realty Trust Inc Blackstone Mortgage Trust Inc Chimera Investment Corp HA Sustainable Infrastructure Capital, Inc. Ladder Capital Corp Rithm Capital Corp Two Harbors Investment Corp