Claros Mortgage Trust Q2 FY26 GAAP net loss widens to $255.4 million, or $1.81 a share
CMTG•Management update and balance sheet
Management cited progress resolving watchlist assets and deleveraging; book value was USD 8.58 per share with USD 103 million liquidity.
Quarterly results and non-GAAP loss
Claros Mortgage Trust posted a GAAP net loss of USD 255.4 million, or USD 1.81 per share, for the quarter ended June 30, 2026.
Distributable Loss (non-GAAP) was USD 90.8 million, or USD 0.63 per share; Distributable Loss prior to realized gains and losses was USD 10.5 million, or USD 0.07 per share.
Credit reserves and portfolio metrics
The CECL provision totaled USD 208.8 million, including USD 29.6 million of losses tied to REO assets reclassified as held-for-sale.
Quarter-end CECL reserves were USD 567.4 million, or USD 3.93 per share, equal to 16.9% of UPB on a held-for-investment portfolio.
