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Claros Mortgage Trust (Claros Mortgage Trust) Net Income : $-83.4 Mil (TTM As of Mar. 2024)


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What is Claros Mortgage Trust Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Claros Mortgage Trust's Net Income for the three months ended in Mar. 2024 was $-52.8 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-83.4 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Claros Mortgage Trust's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-0.38.


Claros Mortgage Trust Net Income Historical Data

The historical data trend for Claros Mortgage Trust's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Claros Mortgage Trust Net Income Chart

Claros Mortgage Trust Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
168.76 202.41 170.55 112.06 6.03

Claros Mortgage Trust Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.68 4.25 -68.95 34.04 -52.80

Claros Mortgage Trust Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Claros Mortgage Trust's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=6.027+0+0+0
=6.0

Claros Mortgage Trust's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-52.795+0+0+0
=-52.8

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-83.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Claros Mortgage Trust  (NYSE:CMTG) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Claros Mortgage Trust's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Claros Mortgage Trust Net Income Related Terms

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Claros Mortgage Trust (Claros Mortgage Trust) Business Description

Traded in Other Exchanges
Address
C/o Mack Real Estate Credit Strategies, L.P., 60 Columbus Circle, 20th Floor, New York, NY, USA, 10023
Claros Mortgage Trust Inc is a real estate investment trust. The company is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets located in major markets across the U.S.
Executives
Steven Leonard Richman director C/O MACK REAL ESTATE CREDIT STRATEGIES, 60 COLUMBUS CIRCLE, 20TH FLOOR, NEW YORK NY 10023
W Edward Walter director
Jeffrey D Siegel officer: See Remarks C/O MACK REAL ESTATE CREDIT STRATEGIES, 60 COLUMBUS CIRCLE, 20TH FLOOR, NEW YORK NY 10023
Jai Agarwal officer: Chief Financial Officer 601 LEXINGTON AVE, 26TH FLOOR, NEW YORK NY 10022
Richard Mack director, officer: See Remarks 60 COLOMBUS CIRCLE, 20TH FLOOR, NEW YORK NY 10023
Mary Haggerty director 13190 SW 68TH PARKWAY, SUITE 110, TIGARD OR 97223
Mike Mcgillis director, officer: See Remarks C/O MACK REAL ESTATE CREDIT STRATEGIES, 60 COLUMBUS CIRCLE, 20TH FLOOR, NEW YORK NY 10023
Pamela Liebman director C/O MACK REAL ESTATE CREDIT STRATEGIES, 60 COLUMBUS CIRCLE, 20TH FLOOR, NEW YORK NY 10023
Vincent Tese director 245 PARK AVE, 19TH FL., NEW YORK NY 10167
Andrew Mark Silberstein director C/O MACK REAL ESTATE CREDIT STRATEGIES, 60 COLUMBUS CIRCLE, 20TH FLOOR, NEW YORK NY 10023
Koch Industries Inc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Koch Holdings, Llc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Beaverhead Capital, Llc 10 percent owner 4111 E. 37TH STREET NORTH, WICHITA KS 67220
Derrick D Cephas director 690 LEE ROAD, WAYNE PA 19087
Priyanka Garg officer: See Remarks C/O MACK REAL ESTATE CREDIT STRATEGIES, 60 COLUMBUS CIRCLE, 20TH FLOOR, NEW YORK NY 10023

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