CMTG

Claros Mortgage Trust, Inc. (NYSE:CMTG) is a real estate investment trust (REIT) that was incorporated in 2015 and went public in November 2021. Based in New York, the company specializes in originating and investing in commercial real estate loans, primarily focusing on transitional properties across major U.S. markets. As a REIT, Claros is structured to pass through income to shareholders while avoiding corporate-level taxation, provided it distributes at least 90% of its taxable income as dividends. The company has faced significant challenges in recent years due to rising interest rates and commercial real estate market volatility, leading to portfolio downsizing and dividend suspension as management focuses on balance sheet optimization and liquidity preservation.