claros mortgage trust announces results of annual stockholder meeting

Today, Claros Mortgage Trust , Inc. (NYSE:CMTG), a $379 million market cap mortgage REIT currently trading below its Fair Value according to InvestingPro analysis, disclosed the outcomes of its 2025 Annual Meeting of Stockholders, conducted via live webcast on Wednesday. This information is based on a press release statement filed with the Securities and Exchange Commission.

During the meeting, stockholders voted on three key proposals. The first proposal involved the election of nine directors, all of whom were successfully elected to serve one-year terms. The directors elected include Richard Mack, Michael McGillis, Steven L. Richman, Andrew Silberstein, Derrick D. Cephas, Mary Haggerty, Pamela Liebman, Vincent Tese, and W. Edward Walter III.

The second proposal, which was ratified, confirmed PricewaterhouseCoopers LLP as the independent registered accounting firm for the fiscal year ending December 31, 2025. The proposal received 102,092,416 votes in favor, with 49,558 against and 8,489 abstentions.

The third proposal, which was advisory, sought approval for the compensation of the company’s named executive officers. This proposal garnered 69,191,751 votes in favor, 24,379,524 against, and 7,535 abstentions.

Claros Mortgage Trust, a Maryland-incorporated company, operates within the real estate sector and is headquartered in New York. The company’s common stock is traded on the New York Stock Exchange under the symbol CMTG.

In other recent news, Claros Mortgage Trust reported a significant earnings miss for the first quarter of 2025. The company’s earnings per share (EPS) came in at -$0.25, falling short of the expected -$0.08. Revenue for the same period was $44.5 million, which also missed the forecast of $51.57 million. Claros Mortgage Trust’s held-for-investment loan portfolio decreased from $6.1 billion to $5.9 billion, indicating a reduction in asset holdings. The company is actively managing its portfolio with strategic loan resolutions and exploring private credit solutions. Analysts from firms like UBS and JPMorgan have shown interest in the company’s strategy for managing its loan portfolio and liquidity. Claros Mortgage Trust is targeting $2 billion in realizations for the year, with $600 million realized so far, and expects to foreclose and convert at least two loans to REO in the second quarter. The company maintains total liquidity at $136 million, despite challenging market conditions.

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