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. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to federal and state income tax on that portion of its income that is distributed to shareholders if it distributes at least 90% of its taxable income and complies with certain other requirements to quality as a REIT. Claros Mortgage Trust, Inc. was incorporated in 2015 and is headquartered in New York, New York.
Portfolio Challenges | Claros Mortgage Trust grapples with asset quality issues, including a high proportion of nonaccrual loans and significant REO assets, impacting financial performance. |
Strategic Pivot | Explore CMTG's shift towards special asset management and maximizing REO value, halting new loan originations to focus on managing existing troubled assets. |
Valuation Insights | With shares trading at 0.24 times book value, significantly below peer median, analysts suggest fair valuation considering underperforming assets and dividend suspension. |
Future Prospects | Delve into potential benefits of successful loan workouts and special asset management expertise, with price targets ranging up to $8.00 amid market challenges. |
Metrics to compare | CMTG | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipCMTGPeersSector | |
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P/E Ratio | −1.9x | 5.7x | 9.5x | |
PEG Ratio | 0.01 | 0.03 | 0.03 | |
Price/Book | 0.2x | 0.7x | 1.0x | |
Price / LTM Sales | 21.1x | 4.3x | 2.8x | |
Upside (Analyst Target) | −9.9% | 19.2% | 13.3% | |
Fair Value Upside | Unlock | −1.2% | 1.6% | Unlock |