| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -269,858 | -260,330 |
| Accretion of fees and discounts on loans receivable | 8,454 | 5,705 |
| Amortization of deferred financing costs on secured financings | 16,851 | 10,774 |
| Amortization of deferred financing costs on debt related to real estate owned hotel portfolio | 1,590 | 882 |
| Loss on real estate owned held-for-sale | - | -362 |
| Non-cash stock-based compensation expense | 12,050 | 9,932 |
| Depreciation and amortization on real estate owned, in-place lease values, and deferred leasing costs | 5,023 | 1,283 |
| Amortization of above and below market lease values, net | 946 | 688 |
| Straight-line rent adjustment | 434 | 182 |
| Unrealized loss on interest rate cap | -71 | - |
| Gain on partial sales of real estate owned, net | 366 | -1,640 |
| Loss from equity method investment | -93 | -61 |
| Loss on extinguishment of debt | -547 | -547 |
| Valuation adjustment for real estate owned held-for-sale | 12,618 | - |
| Non-cash advances on loans receivable in lieu of interest | -39,011 | -27,427 |
| Non-cash advances on secured financings in lieu of interest | 6,234 | 4,071 |
| Non-cash advances on debt related to real estate owned hotel portfolio | 1,146 | 1,146 |
| Repayment of non-cash advances on loans receivable in lieu of interest | 27,991 | 17,627 |
| Repayment of non-cash advances on debt related to real estate owned hotel portfolio | -1,146 | -1,146 |
| Provision for current expected credit loss reserve | 254,846 | 230,612 |
| Valuation adjustment for loan receivable held-for-sale | -41,767 | -41,767 |
| Other assets | 44,248 | 43,297 |
| Other liabilities | -6,591 | -6,115 |
| Management fee payable - affiliate | -19,287 | -18,823 |
| Net cash (used in) provided by operating activities | -32,858 | -41,633 |
| Loan originations, acquisitions and advances, net of fees | 84,735 | 62,821 |
| Advances on loan receivable held-for-sale | 12,079 | 12,079 |
| Repayments of loans receivable | 1,280,016 | 767,718 |
| Proceeds from sales of loans receivable | 304,004 | 302,452 |
| Extension and exit fees received from loans receivable | 2,284 | 2,095 |
| Proceeds from partial sales of real estate owned | 38,648 | 26,851 |
| Capital expenditures on real estate owned | -1,113 | -206 |
| Capital expenditures on real estate owned held-for-sale | -362 | -362 |
| Payment of deferred leasing costs | 353 | 353 |
| Cash and restricted cash acquired from foreclosures on real estate owned | 4,148 | 1,237 |
| Payment of transaction costs from foreclosures on real estate owned | -1,376 | -561 |
| Net cash provided by investing activities | 1,529,082 | 1,023,971 |
| Payments for withholding taxes upon delivery of stock-based awards | 1,467 | 662 |
| Proceeds from secured financings | 690,528 | 675,868 |
| Proceeds from debt related to real estate owned hotel portfolio | 235,000 | 235,000 |
| Payment of deferred financing costs | 20,762 | 13,939 |
| Payment of exit fees on secured financings | 1,038 | 1,038 |
| Purchase of interest rate cap | -71 | -71 |
| Repayments of secured financings | 1,894,932 | 1,504,262 |
| Repayments of secured term loan | 5,721 | 3,814 |
| Repayments of debt related to real estate owned hotel portfolio | 275,000 | 275,000 |
| Net cash used in financing activities | -1,273,463 | -887,918 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 222,761 | 94,420 |
| Cash and cash equivalents at beginning of period | 133,500 | - |
| Cash and cash equivalents at end of period | 356,261 | - |
Claros Mortgage Trust, Inc. (CMTG)
Claros Mortgage Trust, Inc. (CMTG)