Claros Mortgage Trust, Inc. Declares Common Stock Dividend

Rhea-AI Summary

Claros Mortgage Trust, Inc. (NYSE: CMTG) declared a $0.37 dividend per share for Q1 2023, payable on April 14, 2023, to shareholders on record by March 31, 2023. As a real estate investment trust, CMTG primarily focuses on originating senior and subordinate loans for transitional commercial real estate assets across major U.S. markets. This dividend declaration reflects CMTG's commitment to providing income to its shareholders, emphasizing a stable cash flow in its operational strategy.

Positive

• Declared a dividend of $0.37 per share for Q1 2023.
• Dividend reflects sustained cash flow and income generation for shareholders.

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 for the first quarter of 2023. The dividend is payable on April 14, 2023 to stockholders of record as of the close of business on March 31, 2023.

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/20230315005901/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 declared by CMTG for Q1 2023?

Claros Mortgage Trust declared a dividend of $0.37 per share for Q1 2023.

When will the dividend be paid by CMTG?

The dividend will be paid on April 14, 2023.

What is the record date for CMTG's Q1 2023 dividend?

The record date for the dividend is March 31, 2023.

How does CMTG generate income for shareholders?

CMTG generates income primarily through originating senior and subordinate loans on transitional commercial real estate assets.