Claros Mortgage Trust, Inc. (CMTG) AI Stock Analysis
CMTG AI stock analysis summary
AI ResearchClaros Mortgage Trust, Inc. (CMTG) is a commercial real estate finance REIT originating senior and subordinate loans for transitional properties across major U.S. markets. In FY2025, the company posted revenue of $430.5M but recorded a net loss of -$489.1M and negative free cash flow of -$33.2M. With total debt at $2.57B and a market cap of $166.5M, the stock has declined 64.4% over the past year.
- Market cap
- $166.5M
- Revenue (TTM)
- -$360.6M
- P/E
- — fwd 18.6x
- 1Y return
- -64.4% S&P 500 16.8%
- Avg. target
- $2.08 76.6% vs last close
Bull case
- Wall Street analysts maintain a mean price target of $2.08, representing potential upside of 76.6% from the last close of $1.18.
- The stock trades at a price-to-book ratio of 0.2x, supported by $1.24B in shareholders' equity.
- Analysts expect EPS to improve 54.2% next fiscal year to -$0.84, narrowing from the -$1.83 estimate for FY2026.
Bear case
- The company reported a substantial net loss of -$489.1M in FY2025 alongside negative free cash flow of -$33.2M.
- Balance sheet leverage is elevated, with $2.57B in total debt and $2.48B in net debt compared to $90.3M in cash and short-term investments.
- Quarterly revenue fell 63.8% year-over-year in the latest quarter ended June 30, 2026, while earnings dropped 95.5%.
What Claros Mortgage does
Claros Mortgage Trust, Inc. is a specialized real estate investment trust focused on originating senior and subordinate loans secured by transitional commercial real estate properties in major U.S. markets. Headquartered in New York, the qualified REIT provides tailored financing solutions for properties undergoing renovation, repositioning, or change in use. The company targets assets in prime urban centers, catering to diverse borrower needs ranging from primary capital to supplemental financing. Through its disciplined underwriting standards and geographic diversification, Claros Mortgage Trust aims to optimize shareholder returns while navigating the commercial real estate financing landscape.
Growth and profitability
Between FY2021 and FY2025, Claros Mortgage Trust saw revenue fluctuate from $215.0M to $430.5M, delivering a 5-year revenue CAGR of 9.5%. However, profitability deteriorated sharply into net losses of -$221.3M in FY2024 and -$489.1M in FY2025, with an FY2025 net margin of -113.6%. Operating margin dropped to -113.6% in FY2025 after reaching 79.3% in FY2021. For the trailing twelve months ending June 30, 2026, revenue stood at -$360.6M with diluted EPS of -$3.61. In the latest quarter ended June 30, 2026, quarterly revenue fell 63.8% year-over-year, while quarterly earnings declined 95.5%.
Balance sheet and cash flow
As of June 30, 2026, Claros Mortgage Trust held $90.3M in cash and short-term investments against total debt of $2.57B, resulting in net debt of $2.48B. Shareholders' equity was $1.24B, generating a debt-to-equity ratio of 2.07, while its current ratio stood at 2.02. In FY2025, operating cash flow turned negative to -$30.5M and free cash flow reached -$33.2M. Capital deployment in FY2025 included $2.7M in capital expenditures and $1.5M in share buybacks.
Valuation and performance
At a market capitalization of $166.5M and enterprise value of $2.64B, CMTG trades at a forward P/E of 18.6x, below the 23.5x median of its US-listed Real Estate peers. Its price-to-sales ratio of 18.0x sits significantly above the peer median of 3.7x, while its price-to-book ratio is 0.2x. The stock closed at $1.18 on October 16, 2026, down 46.8% from its 200-day average. Over the past year, CMTG shares returned -64.4%, lagging the S&P 500 return of 16.8%.
What analysts expect
Wall Street analysts covering CMTG provide 4 Hold, 1 Sell, and 1 Strong Sell ratings, with 0 Buy recommendations. The mean price target is $2.08, representing a 76.6% premium over the last close of $1.18. For the fiscal year ending December 31, 2026, consensus estimates project an EPS of -$1.83 and revenue of $106.8M. Over the last 4 quarters, the company recorded 0 EPS beats. The next earnings release is scheduled for November 4, 2026.
Key risks and what to watch
- CMTG recorded 0 EPS beats over the last 4 quarters against consensus estimates.
- The company carries a debt-to-equity ratio of 2.07 with total debt of $2.57B versus $90.3M in cash reserves.
- Trailing twelve-month revenue turned negative to -$360.6M as of June 30, 2026.
- CMTG shares declined 64.4% over the trailing year and trade 46.8% below their 200-day average.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CMTG AI stock analysis
This page is an AI-written research summary of Claros Mortgage Trust, Inc. (CMTG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CMTG income statement, CMTG balance sheet, CMTG key metrics, CMTG analyst forecast, CMTG chart. See the CMTG stock overview for the latest quote and news.
CMTG AI stock analysis FAQ
What does Claros Mortgage Trust, Inc. do?
Claros Mortgage Trust, Inc. is a commercial real estate finance REIT that originates senior and subordinate loans. It focuses on financing transitional properties undergoing renovation, repositioning, or change in use in major urban markets across the United States.
What was Claros Mortgage Trust's revenue and net income in FY2025?
In FY2025, Claros Mortgage Trust reported revenue of $430.5M, an increase of 152.2% from FY2024. However, the company posted a net loss of -$489.1M and an operating margin of -113.6%.
How much debt does Claros Mortgage Trust hold?
As of June 30, 2026, the company carried $2.57B in total debt and $2.48B in net debt. Its cash and short-term investments totaled $90.3M, resulting in a debt-to-equity ratio of 2.07.
What is the consensus analyst target for CMTG stock?
The mean price target from analysts is $2.08, which is 76.6% above the last closing price of $1.18 on October 16, 2026. The analyst consensus consists of 4 Hold, 1 Sell, and 1 Strong Sell ratings.
When is Claros Mortgage Trust's next earnings report?
Claros Mortgage Trust is scheduled to report its next quarterly earnings on November 4, 2026. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$1.83 and revenue of $106.8M.