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Claros Mortgage Trust, Inc. (CMTG) 10-Year Financial Performance & Capital Metrics

CMTG • • REIT / Real Estate
Real EstateMortgage REITsCommercial Mortgage REITsSenior Commercial Lenders
AboutClaros Mortgage Trust, Inc. is a real estate investment trust that focuses primarily on originating senior and subordinate loans on transitional commercial real estate assets located in principal markets across the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, its net income would be exempt from federal taxation to the extent that it is distributed as dividends to shareholders. The company was incorporated in 2015 and is based in New York, New York.Show more
  • Revenue $171M +31.5%
  • FFO -$209M -1467.1%
  • FFO/Share -1.50 -1461.1%
  • FFO Payout -57.64% -104.6%
  • FFO per Share -1.50 -1461.1%
  • NOI Margin 37.91% -38.7%
  • FFO Margin -122.67% -1140.0%
  • ROE -10.27% -4153.8%
  • ROA -2.94% -4082.5%
  • Debt/Assets 70.18% +1.9%
  • Net Debt/EBITDA -
  • Book Value/Share 14.42 -13.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.4x
  • ✗FFO declining 356.4% TTM
  • ✗Low NOI margin of 37.9%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-7.32%
3Y-7.41%
TTM129.75%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-328.27%

EPS CAGR

10Y-
5Y-
3Y-
TTM-327.06%

ROCE

10Y Avg2.48%
5Y Avg0.79%
3Y Avg-0.63%
Latest-2.66%

Peer Comparison

Senior Commercial Lenders
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KREFKKR Real Estate Finance Trust Inc.538.32M8.2243.26-13.41%-3.17%-0.52%23.12%2.76
SEVNSeven Hills Realty Trust139.56M9.147.62-14.14%55.38%5.75%14.41%1.55
LFTLument Finance Trust, Inc.75.41M1.444.248.68%17.4%4.26%35.98%3.68
GPMTGranite Point Mortgage Trust Inc.117.09M2.47-0.56-6.3%-62.12%-9.69%5.11%2.38
CMTGClaros Mortgage Trust, Inc.399.62M2.85-1.7831.45%-106.13%-21.19%20.81%2.43
BXMTBlackstone Mortgage Trust, Inc.3.27B19.50-16.67163.59%25.99%2.98%11.19%4.15

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+167.17M249.61M267.71M215.02M270.2M129.83M170.67M
Revenue Growth %-0.49%0.07%-0.2%0.26%-0.52%0.31%
Property Operating Expenses28.07M000049.5M105.97M
Net Operating Income (NOI)+-------
NOI Margin %-------
Operating Expenses+28.25M75.71M61.4M215.02M270.2M72.92M70.04M
G&A Expenses32.43M75.71M61.4M21.4M26.14M33.2M15.71M
EBITDA+134.74M173.9M206.31M00116.82M-178.46M
EBITDA Margin %-------
Depreciation & Amortization+000009.29M11.9M
D&A / Revenue %-------
Operating Income+134.74M173.9M206.31M00107.53M-190.36M
Operating Margin %-------
Interest Expense+0139.75M172.23M196.23M261.11M494.14M466.96M
Interest Coverage-1.24x1.20x--0.22x-0.41x
Non-Operating Income0173.9M206.31M0000
Pretax Income+138.92M174.05M205.67M170.39M112.16M6.03M-221.26M
Pretax Margin %-------
Income Tax+0000000
Effective Tax Rate %-------
Net Income+131.45M168.76M202.41M170.55M112.06M6.03M-221.26M
Net Margin %-------
Net Income Growth %-0.28%0.2%-0.16%-0.34%-0.95%-37.71%
Funds From Operations (FFO)+-------
FFO Margin %-------
FFO Growth %-----0.32%-0.87%-14.67%
FFO per Share+-------
FFO Payout Ratio %-------
EPS (Diluted)+0.931.201.441.270.800.02-1.60
EPS Growth %-0.29%0.2%-0.12%-0.37%-0.98%-95.67%
EPS (Basic)0.931.201.441.270.800.02-1.60
Diluted Shares Outstanding140.88M140.88M140.88M134.54M139.31M138.62M139.22M

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+3.87B6.55B6.95B7.46B8.24B8.07B6.97B
Asset Growth %-0.69%0.06%0.07%0.11%-0.02%-0.14%
Real Estate & Other Assets+11.29M11.11M8.83M57.5M83.86M115.01M112.25M
PP&E (Net)000406.89M401.19M522.96M127.14M
Investment Securities128K0001000K1000K1000K
Total Current Assets+3.86B6.54B6.94B6.99B7.71B7.37B6.66B
Cash & Equivalents69.43M335M427.51M310.19M306.46M188.2M99.08M
Receivables1000K1000K1000K1000K1000K1000K1000K
Other Current Assets25.15M38.85M39.13M23.94M41.7M289.3M618.51M
Intangible Assets0000022.99M20.4M
Total Liabilities1.98B4.12B4.47B4.85B5.79B5.77B4.96B
Total Debt+1.43B3.41B3.73B4.57B5.4B5.56B4.89B
Net Debt1.37B3.08B3.31B4.26B5.09B5.37B4.79B
Long-Term Debt02.57B2.7B3.7B5.11B5.27B4.61B
Short-Term Borrowings1000K1000K1000K1000K1000K1000K1000K
Capital Lease Obligations250K250K125K0000
Total Current Liabilities+1.5B925.65M1.23B925.53M490.28M436.06M304.72M
Accounts Payable4.63M5.87M3.66M0000
Deferred Revenue0000000
Other Liabilities477.06M618.42M543.17M222.2M184M66.37M39.6M
Total Equity+1.9B2.43B2.48B2.6B2.46B2.3B2.01B
Equity Growth %-0.28%0.02%0.05%-0.06%-0.06%-0.13%
Shareholders Equity1.85B2.38B2.45B2.57B2.46B2.3B2.01B
Minority Interest46.66M46.53M35.29M37.64M000
Common Stock1.9M2.44M1.25M1.4M1.4M1.39M1.39M
Additional Paid-in Capital1.86B2.42B2.49B2.73B2.71B2.73B2.74B
Retained Earnings-7.26M-34.31M-47.47M-160.96M-257.25M-426.7M-733.32M
Preferred Stock250K250K125K0000
Return on Assets (ROA)0.03%0.03%0.03%0.02%0.01%0%-0.03%
Return on Equity (ROE)0.07%0.08%0.08%0.07%0.04%0%-0.1%
Debt / Assets0.37%0.52%0.54%0.61%0.66%0.69%0.7%
Debt / Equity0.76x1.40x1.51x1.75x2.20x2.42x2.43x
Net Debt / EBITDA10.13x17.70x16.03x--45.96x-
Book Value per Share13.4817.2617.6119.3617.6316.5914.42

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+111.56M129.55M140.5M213.56M111.03M111.14M84.52M
Operating CF Growth %-0.16%0.08%0.52%-0.48%0%-0.24%
Operating CF / Revenue %-------
Net Income131.45M174.05M205.67M170.39M112.16M6.03M-221.26M
Depreciation & Amortization6.36M007.11M8.04M708K1.42M
Stock-Based Compensation025.5M5.67M8.81M7.55M16.78M18.29M
Other Non-Cash Items-19.97M-64.9M-69.9M38.97M-3.52M124.88M310.81M
Working Capital Changes-8.95M-5.09M-945K4.21M-13.21M-37.26M-24.73M
Cash from Investing+-2.19B-2.31B-208.86M-373.2M-773.3M-39.34M779.91M
Acquisitions (Net)-150.35M000-515K00
Purchase of Investments0000-906K00
Sale of Investments1000K001000K906K00
Other Investing-2.08B-2.31B-208.86M-364.25M-770.44M-37.24M779.91M
Cash from Financing+1.71B2.45B161.32M62.8M676.3M-205.07M-945.82M
Dividends Paid-109.43M-185.43M-220.03M-204.94M-208.09M-192.16M-120.68M
Common Dividends-109.43M-185.4M-220M-204.94M-208.09M-192.16M-120.68M
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K-1000K
Share Repurchases00-125K-3.73M-21.4M-3.9M-3.49M
Other Financing-90.8M-35.92M-45.72M-34.07M-23.5M-13.52M-17.07M
Net Change in Cash+-370.41M266.08M92.96M-96.84M14.02M-133.27M-81.39M
Exchange Rate Effect0000000
Cash at Beginning442.35M71.94M338.02M430.97M334.14M348.16M214.89M
Cash at End71.94M338.02M430.97M334.14M348.16M214.89M133.5M
Free Cash Flow+111.56M129.55M140.5M202.09M108.69M109.05M83.17M
FCF Growth %-0.16%0.08%0.44%-0.46%0%-0.24%
FCF / Revenue %-------

Key Ratios

Metric2018201920202021202220232024
FFO per Share0.981.21.441.320.860.11-1.5
FFO Payout Ratio79.4%109.86%108.69%115.35%173.26%1254.79%-57.64%
NOI Margin83.21%100%100%100%100%61.87%37.91%
Net Debt / EBITDA10.13x17.70x16.03x--45.96x-
Debt / Assets37.02%52.12%53.72%61.26%65.52%68.86%70.18%
Interest Coverage-1.24x1.20x--0.22x-0.41x
Book Value / Share13.4817.2617.6119.3617.6316.5914.42
Revenue Growth-49.32%7.25%-19.68%25.66%-51.95%31.45%

Revenue by Segment

2021
Loan234.67M
Loan Growth-
All Others12.34M
All Others Growth-

Frequently Asked Questions

Growth & Financials

Claros Mortgage Trust, Inc. (CMTG) reported $349.2M in revenue for fiscal year 2024. This represents a 109% increase from $167.2M in 2018.

Claros Mortgage Trust, Inc. (CMTG) grew revenue by 31.5% over the past year. This is strong growth.

Claros Mortgage Trust, Inc. (CMTG) reported a net loss of $370.6M for fiscal year 2024.

Dividend & Returns

Yes, Claros Mortgage Trust, Inc. (CMTG) pays a dividend with a yield of 30.41%. This makes it attractive for income-focused investors.

Claros Mortgage Trust, Inc. (CMTG) has a return on equity (ROE) of -10.3%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Claros Mortgage Trust, Inc. (CMTG) generated Funds From Operations (FFO) of $-364.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Claros Mortgage Trust, Inc. (CMTG) offers a 30.41% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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