Claros Mortgage Trust (CMTG)
Originates and manages transitional commercial real estate loans while resolving stressed collateral.
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Runs an externally managed commercial mortgage REIT focused on senior and subordinate loans for transitional U.S. real estate. Revenue is tied to loan-portfolio income and real-estate-owned operations, with the current operating focus on resolving watchlist loans, managing foreclosed assets, and reducing leverage.
Originates and acquires senior and subordinate loans backed by transitional commercial real estate in major U.S. markets. The core loan-portfolio segment earns interest and related income from financing properties whose sponsors are executing business plans.
Real-estate-owned operations became a separate reportable segment after the company took title to collateral and began operating owned assets, including hotel and mixed-use property exposure. The portfolio is concentrated in U.S. commercial real estate credit and depends on collateral performance, borrower execution, and access to secured financing.
External management is central to the model: Claros REIT Management LP runs investment and operating policies, and executives also sit inside the Mack Real Estate credit platform. Recent disclosures emphasize watchlist-loan resolution, REO-asset management, and deleveraging before renewed origination activity.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 16, 2026 | UBS | Downgrade | Target: $17.50 | Target: $2.75 |
| Jan 10, 2025 | UBS | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $90.3M · Total debt $2.57B · Total assets $3.84B · Shareholders' equity $1.24B
- Revenue
- $310.0K
- Operating income
- −$246.8M
- Net income
- −$255.4M
HistoryDividendAnnual yield
| Institutions | 61.70% | 87.04M shares | |
|---|---|---|---|
| 112 holders · as of Jun 30, 2026 | |||
| Insiders | 8.89% | 12.55M shares | |
| 9 holders · as of Sep 8, 2026 | |||
| Other | 29.41% | 41.49M shares | |
| remainder | |||
141.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Hyundai Investments Co., Ltd.Institution | 14.44% | 20.37M | as of Jun 30, 2026 |
Koch, Inc.Institution | 10.72% | 15.13M | as of Jun 30, 2026 |
Goldman Sachs Asset Management, L.P.Institution | 7.46% | 10.53M | filed Feb 11, 2025 |
Neuberger Berman Group LLCInstitution | 6.21% | 8.76M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.03% | 8.51M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Richard Mack | director, officer: CEO AND CHAIRMAN | +20,603 | $1.59 |
| Sep 3, 2026 | Richard Mack | director, officer: CEO AND CHAIRMAN | +200,000 | $1.59 |
| Aug 6, 2026 | Mike McGillis | director, officer: PRESIDENT AND CFO | +25,000 | $1.71 |
| Mar 2, 2026 | Mike McGillis | director, officer: PRESIDENT AND CFO | +20,000 | $2.34 |
| Feb 27, 2026 | Richard Mack | director, officer: CEO AND CHAIRMAN | +50,000 | $2.41 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Claros Mortgage Trust | $1.41 | +1.44% | $208.8M | — | — | 0.9 | −77.6% |
| Blackstone Mortgage Trust | $13.14 | −0.08% | $2.24B | 165.9 | 10.9 | 1.5 | +18.1% |
| KKR Real Estate Finance Trust | $6.62 | +0.08% | $434.7M | — | — | 1.0 | −41.6% |
| TPG RE Finance Trust | $7.19 | −0.28% | $553.5M | 13.3 | 6.7 | 2.1 | −58.7% |
| Starwood Property Trust | $15.22 | +0.77% | $5.56B | 22.0 | 9.0 | 2.7 | +7.9% |
| Ares Commercial Real Estate | $4.41 | −0.78% | $243.0M | — | 20.4 | 2.5 | — |
| BrightSpire Capital | $4.28 | +0.12% | $528.9M | — | 7.1 | 1.6 | −2.8% |
| Granite Point Mortgage Trust | $0.8476 | +0.59% | $39.7M | — | — | 0.3 | −87.2% |
| Ladder Capital | $9.41 | −0.05% | $1.20B | 22.5 | 8.7 | 3.2 | −40.9% |
| Median | 22.3 | 8.8 | 1.8 | −40.9% |