Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Claros Mortgage Trust , Inc. (NYSE:CMTG), a mortgage REIT with a market capitalization of $407 million and currently trading at 0.21 times book value, has entered into an amended and restated uncommitted master repurchase agreement with JPMorgan Chase (NYSE:JPM) Bank, National Association. Announced today, the agreement increases the maximum facility amount to $663.7 million. This modification allows for varying levels of recourse to Claros Mortgage Trust depending on the asset financed. The agreement was made through CMTG JNP Finance LLC, a wholly owned subsidiary of Claros Mortgage Trust. The company maintains strong liquidity with a current ratio of 22.3, and offers investors a substantial 13.75% dividend yield. This information is based on a recent SEC filing.For detailed analysis of CMTG’s financial health metrics and additional insights, visit InvestingPro, where you’ll find comprehensive research reports and expert analysis.
In other recent news, Claros Mortgage Trust reported disappointing financial results for the first quarter of 2025. The company missed earnings expectations, posting an earnings per share (EPS) loss of -$0.25, significantly below the anticipated -$0.08. Revenue also fell short, totaling $44.5 million against a forecast of $51.57 million. These results were accompanied by a decrease in the company’s held-for-investment loan portfolio, which shrank from $6.1 billion to $5.9 billion. Despite these challenges, Claros Mortgage Trust is actively managing its portfolio, aiming for $2 billion in realizations for the year, with $600 million achieved so far. Additionally, the company successfully ratified PricewaterhouseCoopers LLP as its independent accounting firm for the fiscal year ending December 31, 2025. On the governance front, all nine directors were re-elected for one-year terms during the company’s annual stockholder meeting. The company is exploring private credit solutions and expects to foreclose and convert at least two loans to real estate-owned (REO) in the second quarter.
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