Claros Mortgage Trust, Inc. reported Q4 and full year 2025 financial results on February 18, 2026, including GAAP net loss of $219.2 million ($1.56 per share) for the quarter and $489.1 million ($3.49 per share) for the year, with distributable loss of $101.7 million ($0.71 per share) for Q4. The company resolved $483.9 million UPB in loans during Q4 and holds a $3.7 billion loan portfolio with book value of $10.69 per share.
Key takeaways
GAAP net loss of $219.2 million or $1.56 per share for Q4 2025; $489.1 million or $3.49 per share for full year 2025
Distributable loss of $101.7 million or $0.71 per share for Q4 2025; $269.0 million or $1.88 per share for full year
Resolved five loans totaling $483.9 million UPB in Q4 2025, including two full repayments of $216.2 million UPB and two watchlist loans
CECL reserves of $443.1 million or 10.9% of UPB at December 31, 2025; provision of $211.7 million in Q4
$3.7 billion loan portfolio with weighted average all-in yield of 6.2% at December 31, 2025
Book value of $10.69 per share; net debt/equity ratio of 1.9x; total liquidity of $185 million including $173 million cash at December 31, 2025
Closed $500 million secured term loan maturing 2030 subsequent to year-end to retire prior term loan