Claros Mortgage Trust, Inc. Declares Common Stock Dividend

Rhea-AI Summary

Claros Mortgage Trust, Inc. (NYSE: CMTG) announced a quarterly dividend of $0.37 per share for Q4 2021, payable on January 15, 2022, to stockholders on record as of December 31, 2021. The company focuses on originating loans for transitional commercial real estate in the U.S. and is externally managed by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P.

Positive

• Dividend of $0.37 per share demonstrates commitment to returning value to shareholders.
• Focused on senior and subordinate loans in transitional commercial real estate, indicating a targeted investment strategy.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (“the Company” or “CMTG”) declared a dividend of $0.37 per share of common stock with respect to the fourth quarter of 2021. The dividend is payable on January 15, 2022 to stockholders of record as of the close of business on December 31, 2021.

About Claros Mortgage Trust, Inc.

CMTG is a real estate investment trust that is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets located in major markets across the U.S. CMTG is externally managed and advised by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P. Additional information can be found on the Company’s website at www.clarosmortgage.com.

Forward-Looking Statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. CMTG intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by CMTG’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of CMTG’s performance in future periods. Except as required by law, CMTG does not undertake any obligation to update or revise any forward-looking statements contained in this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209006059/en/

Investor Relations:

Claros Mortgage Trust, Inc.

Anh Huynh

212-484-0090

cmtgIR@mackregroup.com

Source: Claros Mortgage Trust, Inc.

FAQ

What is the dividend amount declared by Claros Mortgage Trust, Inc. for Q4 2021?

The dividend amount declared is $0.37 per share.

When is the dividend payment date for CMTG's Q4 2021 dividend?

The dividend is payable on January 15, 2022.

What is the record date for CMTG's dividend for Q4 2021?

The record date for the dividend is December 31, 2021.

How does CMTG generate income?

CMTG focuses on originating senior and subordinate loans on transitional commercial real estate assets.

Who manages Claros Mortgage Trust, Inc.?

CMTG is externally managed by Claros REIT Management LP, affiliated with Mack Real Estate Credit Strategies, L.P.