Claros Mortgage Trust, Inc. Declares Common Stock Dividend

Rhea-AI Summary

Claros Mortgage Trust, Inc. (NYSE: CMTG) announced a dividend of $0.37 per share for Q2 2022, payable on July 15, 2022, to stockholders of record as of June 30, 2022. This dividend reflects the company's continued commitment to delivering shareholder value. As a real estate investment trust, CMTG focuses on originating loans for transitional commercial real estate assets in major U.S. markets. The company is externally managed by Claros REIT Management LP, affiliated with Mack Real Estate Credit Strategies, L.P.

Positive

• Declared dividend of $0.37 per share for Q2 2022.
• Dividend payable on July 15, 2022, indicates strong cash flow.

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 second quarter of 2022. The dividend is payable on July 15, 2022 to stockholders of record as of the close of business on June 30, 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/20220615006090/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 in Q2 2022?

The dividend amount for CMTG in Q2 2022 is $0.37 per share.

When is the dividend for CMTG payable?

The dividend for CMTG is payable on July 15, 2022.

What is the record date for CMTG's Q2 2022 dividend?

The record date for CMTG's Q2 2022 dividend is June 30, 2022.

How does CMTG generate income for its shareholders?

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

Is the dividend from CMTG sustainable?

While the press release does not specify sustainability, the declared dividend reflects the company's ongoing commitment to shareholder returns.