Name | Value |
---|---|
Revenues | 65.1M |
Cost of Revenue | 25.8M |
Gross Profit | 39.2M |
Operating Expense | 21.4M |
Operating I/L | 30.3M |
Other Income/Expense | -41.8M |
Interest Income | 155.1M |
Pretax | -11.6M |
Income Tax Expense | 0.0M |
Net Income/Loss | -11.6M |
Claros Mortgage Trust, Inc. is a real estate investment trust specializing in originating senior and subordinate loans on transitional commercial real estate assets in key US markets. As a qualified REIT, the company's net income is exempt from federal taxation when distributed as dividends to shareholders, allowing it to generate revenue through interest income on the loans it originates.