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 | Delve into Claros Mortgage Trust's struggle with credit quality deterioration, rising nonaccrual loans, and the impact on its financial performance |
Market Positioning | Explore CMTG's valuation relative to peers, trading at 0.18x book value, and the market's pricing of negative sentiment amid significant headwinds |
Strategic Initiatives | Learn about management's focus on resolving watchlist loans and potential sale of REO hotel portfolio to improve financial stability and liquidity |
Future Prospects | Analyst targets range up to $8.00, with potential upside tied to commercial real estate market recovery and successful loan portfolio management |
Metrics to compare | CMTG | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipCMTGPeersSector | |
---|---|---|---|---|
P/E Ratio | −1.2x | 5.0x | 9.7x | |
PEG Ratio | 0.00 | 0.01 | 0.03 | |
Price/Book | 0.3x | 1.0x | 1.0x | |
Price / LTM Sales | −3.5x | 2.8x | 2.9x | |
Upside (Analyst Target) | −18.9% | 6.5% | 10.5% | |
Fair Value Upside | Unlock | 4.3% | 1.0% | Unlock |