Claros Mortgage Trust (CMTG) Q2 FY26 earnings call

Claros Mortgage Trust continued its strategic focus on portfolio turnover, watchlist loan resolution, and deleveraging in Q2 FY26. Despite a reduction in book value driven by increased reserves and REO reclassifications, the company made significant progress in resolving assets and improving liquidity. Management anticipates being in a position to make capital allocation decisions, including new originations and share repurchases, in the coming quarters as the portfolio continues to de-risk.