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Claros Mortgage Trust logo

Claros Mortgage Trust Business Segments

Business, geographic, and product segment breakdowns

Claros Mortgage Trust generates $174.0M in annual revenue across 4 key segments: Mid Atlantic ($1.6B), Midwest ($1.7B), Northeast ($3.8B), and Other Geographical ($153.8M). Based on the Q1 2026 filing.

Mid Atlantic (TTM)$1.6BMidwest (TTM)$1.7BNortheast (TTM)$3.8BOther Geographical (TTM)$153.8MSoutheast (TTM)$1.6BSouthwest (TTM)$1.3BWest (TTM)$6.2B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$340.7M

Geographic

Loans Receivable Gross Carrying Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
West$1.9B$1.9B$1.7B$1.7B$1.6B$1.1B
Northeast$1.6B$1.4B$1.4B$970.7M$744.9M$683.6M
Midwest$486.7M$487.7M$415M$416.2M$418.5M$418.6M
Southeast$659.2M$648.7M$398.5M$405.5M$378.2M$384.6M
Mid Atlantic$793.4M$773.8M$625.7M$464.4M$249.8M$249.9M
Southwest$590M$567.3M$465.7M$318.7M$276.3M$238.9M
Other Geographical$40M$40M$39M$39M$38M$38M

Percentage Of Loans Receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
West32.0%33.0%35.0%40.0%43.0%36.0%
Northeast26.0%24.0%27.0%22.0%20.0%22.0%
Midwest8.0%8.0%8.0%10.0%11.0%13.0%
Southeast11.0%11.0%8.0%9.0%10.0%12.0%
Mid Atlantic12.0%13.0%12.0%11.0%7.0%8.0%
Southwest10.0%10.0%9.0%7.0%8.0%8.0%
Other Geographical1.0%1.0%1.0%1.0%1.0%1.0%

Real Estate Estimated Fair Value Determined By Third Party Appraisal

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NY—$23.5M$23.5M$23.5M$23.5M—

Loan Receivable Carrying Value Gross Specific Reserve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Countries—$1.6M$1.6M$1.6M$1.6M$1.6M

Loan Receivable Net Of Specific Reserve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Countries—$1.6M$1.6M$1.6M$1.6M$1.6M

Loan Receivable Unpaid Principal Balance Specific Reserves

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Countries—$1.6M———$1.6M

Non Accrual Loan Carrying Value Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Countries$1.7M$1.6M$1.6M$1.6M$1.6M$1.6M

Non Accrual Loans Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Countries$1.7M$1.6M$1.6M$1.6M$1.6M$1.6M

Non Accrual Loans Unpaid Principal Balance

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Countries—$1.6M———$1.6M

Business Segments

Amortization Of Debt Discount Premium

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio—————$569K

Distributable Loss Earnings

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio$18.8M-$31.1M-$107.9M-$37.8M-$104.2M-$69.7M
Real Estate Owned Portfolio-$101.9M-$4.6M-$2.1M$16.3M$2.6M-$5.6M

Gains Losses On Extinguishment Of Debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio-$630K-$547K——-$847K-$5.9M

G&A Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio$3.3M$4.3M$5M$4.8M$5.9M$3.2M

Income Loss From Equity Method Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio-$40K-$37K-$24K-$32K-$31K-$38K

Interest And Dividend Income Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio$132.6M$118M$108.1M$88.9M$74.4M$59M

Interest Expense Excludes Interest Expense From Real Estate Owned Debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio$100.1M$89.2M$82M$71.8M$61.9M$50.9M

Loan Receivable Write Offs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio$755K$46.7M$120.8M$42.3M$102.2M$61.9M

Management Fee Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loan Portfolio$8.9M$8.4M$8.2M$7.7M$7.8M$7.3M

Amortization Of Above And Below Market Leases

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Real Estate Owned Portfolio$354K$354K$334K$258K$258K$258K

Real Estate Owned Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Real Estate Owned Portfolio$6.5M$6.6M$8.2M$9.4M$9M$9.2M

Real Estate Owned Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Real Estate Owned Portfolio$16.4M$12.9M$15.7M$18.5M$21.4M$18.1M

Real Estate Owned Operating Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Real Estate Owned Portfolio$27.8M$14.6M$25.5M$29M$34.2M$21.4M