Claros Mortgage Trust Inc. Common Stock (CMTG)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of mortgage lenders that look cheap on accounting book value. Claros Mortgage Trust originates senior and subordinate loans on transitional commercial real estate, a business that depends on credit judgment and funding access. In fiscal 2023, the year ended 2023-12-31, it reported revenue of $306.6 million, net income of $6.0 million, and diluted EPS of $0.02. By fiscal 2024, the year ended 2024-12-31, revenue fell to $248.4 million and net income became a loss of $221.3 million, or $1.60 per diluted share. In fiscal 2025, the year ended 2025-12-31, revenue declined to $187.8 million while the loss widened to $489.1 million, or $3.49 per diluted share. In fiscal Q2 2026, the quarter ended 2026-06-30, filed figures show revenue of $29.7 million and a net loss of $255.4 million, or $1.81 per diluted share. That is serious capital erosion, not a modest stumble. As of the 2026-10-13 close, FairStock calculates a P/B of 0.14 and a P/E of -0.32; its ROE is -35.96% and ROCE is -11.15%. A low P/B can be a Graham signal, but only if the loan book is sound. Debt-to-equity of 2.07, a Piotroski score of 1/9, and falling revenue suggest the opposite. FairStock labels it a TURNAROUND because it lost money in the latest year after earlier profits, but turnarounds need evidence of stabilization. The latest quarter shows a huge loss. Bank-specific measures such as CET1, net interest margin, and combined ratio are not in the data, so I cannot verify capital adequacy or credit reserves. Without that, the apparent discount is speculative.

In plain English: Claros Mortgage Trust lends money to owners of commercial property, especially buildings that need work or leasing. It has been losing large amounts of money, and recent results are much worse than a few years ago. The stock price is very low compared with the company's accounting value, but that may be because the loans are risky and the value is uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer