Name | Value |
---|---|
Revenues | 80.9M |
Cost of Revenue | 41.5M |
Gross Profit | 39.4M |
Operating Expense | 11.3M |
Operating I/L | 28.2M |
Other Income/Expense | -46.0M |
Interest Income | 180.7M |
Pretax | 4.3M |
Income Tax Expense | -2.1M |
Net Income/Loss | 4.3M |
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.