Added to YB: 2026-03-13
Pitch date: 2026-01-16
CMTG [bullish]
Claros Mortgage Trust, Inc.
-17.38%
current return
Author Info
No bio for this author
Company Info
Claros Mortgage Trust, Inc. operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States.
Market Cap
$347.7M
Pitch Price
$2.82
Price Target
6.80 (+183%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.71
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
value
Claros Mortgage Trust, Inc. - $CMTG
CMTG: Commercial mortgage REIT trading 77% below reported $12.47/sh book value after horrific underwriting drove >$450M realized losses & dividend suspension. Portfolio shrank from $7B to $4.3B; 44% rated 4-5 risk with $308M CECL reserves (6.8% of commitments). Resolution pace strong: $2.3B monetized in 9mo 2025, mostly 90%+ of par. Key risks: Aug 2026 $712M term loan refi, $1.5% mgmt fee on equity, office/land/multifamily exposure. Stressed book value ~$9.70/sh yields 72-141% upside at 50-70% P/BV rerating (vs peers 60-70%).
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