Name | Value |
---|---|
Revenues | 65.5M |
Cost of Revenue | 110.2M |
Gross Profit | -44.7M |
Operating Expense | 13.7M |
Operating I/L | -43.4M |
Other Income/Expense | -25.6M |
Interest Income | 182.0M |
Pretax | -68.9M |
Income Tax Expense | 2.6M |
Net Income/Loss | -68.9M |
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.