The company has significantly reduced its scale, with total assets contracting by nearly 48% since 2023Q4, while cash reserves have dwindled to $116.8M as of 2026Q1.
| Total Assets | 4.16B | 4.72B | 6.97B | 8.07B | 8.24B | 7.46B | 6.95B | 6.55B | 3.87B |
| Asset Growth % | -118.43% | -32.23% | -13.66% | -2.09% | 10.55% | 7.23% | 6.18% | 68.99% | - |
| Real Estate & Other Assets | 0 | 873.38M | 112.25M | 115.01M | 83.86M | 57.5M | 8.83M | 11.11M | 11.29M |
| PP&E (Net) | 0 | 0 | 127.14M | 522.96M | 401.19M | 406.89M | 0 | 0 | 0 |
| Investment Securities | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 128K |
| Total Current Assets | 116.78M | 3.81B | 6.66B | 7.37B | 7.71B | 6.99B | 6.94B | 6.54B | 3.86B |
| Cash & Equivalents | 116.78M | 173.19M | 99.08M | 188.2M | 306.46M | 310.19M | 427.51M | 335M | 69.43M |
| Receivables | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 17.6M | 618.51M | 289.3M | 41.7M | 23.94M | 39.13M | 38.85M | 25.15M |
| Intangible Assets | 0 | 0 | 20.4M | 22.99M | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.67B | 3.19B | 4.96B | 5.77B | 5.79B | 4.85B | 4.47B | 4.12B | 1.98B |
| Total Debt | 0 | 3.15B | 4.89B | 5.56B | 5.4B | 4.57B | 3.73B | 3.41B | 1.43B |
| Net Debt | -116.78M | 2.97B | 4.79B | 5.37B | 5.09B | 4.26B | 3.31B | 3.08B | 1.37B |
| Long-Term Debt | 0 | 1.03B | 4.61B | 5.27B | 5.11B | 3.7B | 2.7B | 2.57B | 0 |
| Short-Term Borrowings | 0 | 2.11B | 274.6M | 289.91M | 289.39M | 863.81M | 1.04B | 839.78M | 1.43B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 2.11B | 304.72M | 436.06M | 490.28M | 925.53M | 1.23B | 925.65M | 1.5B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 3.66M | 5.87M | 4.63M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 2.67B | 44.84M | 39.6M | 66.37M | 184M | 222.2M | 543.17M | 618.42M | 477.06M |
| Total Equity | 1.49B | 1.53B | 2.01B | 2.3B | 2.46B | 2.6B | 2.48B | 2.43B | 1.9B |
| Equity Growth % | -82.51% | -23.71% | -12.69% | -6.37% | -5.68% | 4.97% | 2.05% | 27.98% | - |
| Shareholders Equity | 1.49B | 1.53B | 2.01B | 2.3B | 2.46B | 2.57B | 2.45B | 2.38B | 1.85B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 37.64M | 35.29M | 46.53M | 46.66M |
| Common Stock | 1.4M | 1.4M | 1.39M | 1.39M | 1.4M | 1.4M | 1.25M | 2.44M | 1.9M |
| Additional Paid-in Capital | 0 | 2.75B | 2.74B | 2.73B | 2.71B | 2.73B | 2.49B | 2.42B | 1.86B |
| Retained Earnings | -1.28B | -1.22B | -733.32M | -426.7M | -257.25M | -160.96M | -47.47M | -34.31M | -7.26M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 125K | 250K | 250K |
| Return on Assets (ROA) | -9.23% | -8.37% | -2.94% | 0.07% | 1.43% | 2.37% | 3% | 3.24% | 3.39% |
| Return on Equity (ROE) | -28.47% | -27.63% | -10.27% | 0.25% | 4.43% | 6.71% | 8.24% | 7.79% | 6.92% |
| Debt / Assets | 0% | 66.61% | 70.18% | 68.86% | 65.52% | 61.26% | 53.72% | 52.12% | 37.02% |
| Debt / Equity | 0.00x | 2.05x | 2.43x | 2.42x | 2.20x | 1.75x | 1.51x | 1.40x | 0.76x |
| Net Debt / EBITDA | 0.27x | - | - | 45.96x | - | - | 16.03x | 17.70x | 10.13x |
| Book Value per Share | 10.62 | 10.90 | 14.42 | 16.59 | 17.63 | 19.36 | 17.61 | 17.26 | 13.48 |
Portfolio credit deterioration
According to quarterly financial statements, CMTG's total assets have declined from $8.1B in 2023Q4 to $4.2B in 2026Q1, reflecting a significant contraction in the firm's lending footprint as management attempts to navigate a challenging transitional CRE environment through aggressive balance sheet reduction.
The rapid reduction in total assets suggests that the firm is prioritizing liquidity preservation over portfolio growth, likely in response to mounting credit pressures. This contraction appears to be a defensive measure to mitigate exposure to high-risk transitional assets that have failed to meet performance milestones.
Based on reported figures, the company's debt-to-equity ratio shifted from 2.42 in 2023Q4 to a reported 2.05 in 2025Q4, a trend that warrants further investigation given the concurrent decline in asset quality and the potential for off-balance-sheet financing arrangements.
The reported leverage metrics appear inconsistent with the broader mREIT sector, suggesting that the firm may be utilizing non-recourse structures or other accounting treatments that mask the true extent of its financial obligations. Investors should monitor whether this deleveraging is a result of asset sales or simply a reflection of write-downs impacting the equity base.
As reported in recent filings, CMTG maintained $116.8M in cash as of 2026Q1, a significant reduction from the $339.5M peak observed in 2025Q3, indicating that the firm is actively consuming its liquidity buffer to manage ongoing operational losses and potential margin calls.
The depletion of cash reserves suggests that the firm's ability to fund future commitments or support distressed assets is increasingly constrained. This liquidity profile appears to leave little room for error, particularly if the underlying collateral continues to require additional capital injections to prevent further impairments.
Financial data indicates that the near-zero net property, plant, and equipment balance as of 2026Q1, down from over $500M in 2024, suggests a fundamental shift in the firm's asset composition that may mask the true extent of distressed real estate ownership.
The rapid disappearance of tangible property assets from the balance sheet may imply that the firm is either disposing of foreclosed properties at significant losses or reclassifying them in ways that obscure their impact on the balance sheet. This transition warrants close scrutiny to determine if the firm is effectively managing its 'loan-to-own' strategy or simply offloading assets to preserve capital.
Quick answers to the most common questions about buying CMTG stock.
As of 2025, Claros Mortgage Trust, Inc. (CMTG) had total assets of $4.72B including $3.81B in current assets.
Claros Mortgage Trust, Inc. (CMTG) carries total debt of $3.15B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Claros Mortgage Trust, Inc. (CMTG) has total shareholders' equity (book value) of $1.53B ($10.90 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Claros Mortgage Trust, Inc. (CMTG) reported a current ratio of 1.80x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.