Name | Value |
---|---|
Revenues | 52.2M |
Cost of Revenue | 3.2M |
Gross Profit | 49.0M |
Operating Expense | 6.8M |
Operating I/L | 57.0M |
Other Income/Expense | -0.7M |
Interest Income | 164.2M |
Pretax | 36.7M |
Income Tax Expense | -83.6M |
Net Income/Loss | 120.3M |
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.