Claros Mortgage Trust, Inc. Declares Common Stock Dividend

Rhea-AI Summary

Claros Mortgage Trust (NYSE: CMTG) has declared a $0.25 per share dividend for Q2 2024.

The dividend will be paid on July 15, 2024, to shareholders of record as of June 28, 2024.

CMTG is a real estate investment trust focused on senior and subordinate loans for transitional commercial real estate in major U.S. markets.

It is managed by Claros REIT Management LP, affiliated with Mack Real Estate Credit Strategies.

Positive

• Dividend of $0.25 per share declared for Q2 2024.
• Payment date set for July 15, 2024.
• Supports shareholder returns through regular dividends.
• Focus on senior and subordinate loans in major U.S. markets.

Negative

• Dividend declaration might indicate reinvestment opportunities.
• No mention of financial performance or earnings to support the dividend announcement.

NEW YORK--(BUSINESS WIRE)-- Claros Mortgage Trust, Inc. (NYSE: CMTG) (“the Company” or “CMTG”) declared a dividend of $0.25 per share of common stock for the second quarter of 2024. The dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024.

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/20240614810690/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 declared by Claros Mortgage Trust for Q2 2024?

Claros Mortgage Trust declared a dividend of $0.25 per share for Q2 2024.

When is the payout date for the CMTG Q2 2024 dividend?

The payout date for the CMTG Q2 2024 dividend is July 15, 2024.

What is the record date for the Claros Mortgage Trust Q2 2024 dividend?

The record date for the Claros Mortgage Trust Q2 2024 dividend is June 28, 2024.

What type of loans does Claros Mortgage Trust focus on?

Claros Mortgage Trust focuses on originating senior and subordinate loans on transitional commercial real estate assets.

In which markets does Claros Mortgage Trust primarily operate?

Claros Mortgage Trust primarily operates in major markets across the U.S.