Name | Value |
---|---|
Revenues | 39.2M |
Cost of Revenue | -47.2M |
Gross Profit | 86.4M |
Operating Expense | 31.4M |
Operating I/L | 75.2M |
Other Income/Expense | -97.9M |
Interest Income | 148.8M |
Pretax | -22.7M |
Income Tax Expense | -11.1M |
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.