Name | Value |
---|---|
Revenues | 64.5M |
Cost of Revenue | -5.4M |
Gross Profit | 69.9M |
Operating Expense | 17.8M |
Operating I/L | 65.7M |
Other Income/Expense | -31.6M |
Interest Income | 170.9M |
Pretax | 34.0M |
Income Tax Expense | 85.7M |
Net Income/Loss | 34.0M |
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.