Claros Mortgage Trust, Inc. Declares Common Stock Dividend

Rhea-AI Summary

Claros Mortgage Trust (NYSE: CMTG) announced a dividend of $0.37 per share for Q1 2022, payable on April 15, 2022, to shareholders of record by March 31, 2022. The company focuses on originating senior and subordinate loans for transitional commercial real estate across major U.S. markets. CMTG is externally managed by Claros REIT Management, affiliated with Mack Real Estate Credit Strategies.

Positive

• Dividend of $0.37 per share provides income for shareholders.
• Demonstrates company confidence in its financial stability and performance.

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 first quarter of 2022. The dividend is payable on April 15, 2022 to stockholders of record as of the close of business on March 31, 2022.

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/20220310006022/en/

Investor Relations:

Claros Mortgage Trust, Inc.

Anh Huynh

212-484-0090

cmtgIR@mackregroup.com



Media Relations:

Financial Profiles

Kelly McAndrew

203-613-1552

Kmcandrew@finprofiles.com

Source: Claros Mortgage Trust, Inc.

FAQ

What is the dividend amount for CMTG for Q1 2022?

The dividend amount for CMTG for Q1 2022 is $0.37 per share.

When is the CMTG dividend payable?

The CMTG dividend is payable on April 15, 2022.

What is the record date for CMTG's dividend?

The record date for CMTG's dividend is March 31, 2022.

How often does CMTG pay dividends?

CMTG typically pays dividends quarterly.

Is the dividend from CMTG sustainable?

The sustainability of CMTG's dividend would depend on future financial performance and market conditions.