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"text": "\n\n<::A collage of three images:\n1. An aerial view of a large, light-colored building with many windows, featuring an extensive green roof garden with walking paths, surrounded by other buildings, a river, and a bridge.\n2. A street-level view of a row of modern residential buildings with balconies, large windows, and trees planted along the sidewalk. The buildings have white and dark gray facades.\n3. A tall, modern glass skyscraper rising above other city buildings, under a clear sky with a hint of sunset colors.\nThe properties above are not representative of all transactions. The information provided herein is as of June 30, 2026, unless otherwise noted.\n: collage of images::>",
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"text": "\n\nSecond Quarter 2026 Earnings Supplement\nClaros Mortgage Trust, Inc. (CMTG)",
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"text": "\n\nJuly 29, 2026",
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"text": "\n\nLoan Resolution and Repayment Activity ²\n(unpaid principal balance)\n<::\nchart: This figure contains two charts side-by-side. The left chart is a donut chart, and the right chart is a bar chart.\n\n**Donut Chart - 2026 YTD**\nThe donut chart shows the breakdown of loan resolution and repayment activity for 2026 YTD, totaling $1.1 billion. The segments are:\n- Full Repayments: 43%\n- Loan Sales below 100% of UPB: 31%\n- Foreclosures: 10%\n- Settlement with financing counterparty: 7%\n- Discounted Payoff: 7%\n- Partial Repayments: 2%\n\n**Bar Chart - FY 2022 – 2026 YTD ($ in billions)**\nThe bar chart displays loan resolution and repayment activity in billions of dollars from FY 2022 to 2026 YTD. The y-axis ranges from $- to $3.0 in $0.5 increments. The x-axis represents the fiscal years.\n- 2022: $1.6\n- 2023: $1.1\n- 2024: $1.4\n- 2025: $2.6\n- 2026 YTD: $1.1\n\nSee Endnotes in the Appendix.\n: chart::>",
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"text": "\n\n \"- During the quarter, resolved one watchlist loan with $25.4 million of UPB \u0012 through a mortgage foreclosure and received $20.9 million in partial loan repayments\n- Subsequent to quarter-end, resolved four loans totaling $409.5 million of UPB \u0012\n - Two full repayments: $223.1 million of UPB\n - One discounted payoff: $74.9 million of UPB \u0012, watchlist multifamily loan, recovery of 94% of UPB\n - One loan sale: $111.5 million of UPB \u0012, watchlist office loan classified as held-for-sale at June 30, 2026, recovery of 63% of UPB",
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"text": "\n\n<::Collateral Diversification\n: chart\nChart Title: Collateral Diversification ³, ⁴, ¹²\nY-axis: Percentage (0% to 100%)\nX-axis: Dates\n\nLegend:\n- Multifamily\n- Hospitality\n- Office\n- Mixed-use ¹⁶\n- Retail\n- Land\n- Other A\n\nData Series:\n\nDate: 6/30/26\n- Multifamily: 44%\n- Hospitality: 21%\n- Office: 14%\n- Mixed-use: 11%\n- Retail: 5%\n- Land: 4%\n- Other A: 1%\n\nDate: 3/31/26\n- Multifamily: 44%\n- Hospitality: 19%\n- Office: 17%\n- Mixed-use: 10%\n- Retail: 5%\n- Land: 4%\n- Other A: 1%::>",
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"text": "\n\n<::Geographical Diversification 3, 4, 12\n\nStacked bar chart showing geographical diversification for two dates.\n\nY-axis: 0% to 100%\n\nLegend:\nCA (dark blue/grey)\nNY (light blue)\nVA / DC (dark grey)\nIL (olive green)\nGA (teal)\nTX (light grey)\nUT^B (light green)\nOther (dark blue)\n\nLeft Bar (Date: 6/30/26):\nCA: 19%\nNY: 16%\nVA / DC: 9%\nIL: 8%\nGA: 8%\nTX: 6%\nUT^B: 2% (calculated)\nOther: 32%\n\nRight Bar (Date: 3/31/26):\nCA: 22%\nNY: 15%\nVA / DC: 8%\nIL: 8%\nGA: 7%\nTX: 8%\nUT^B: 2% (calculated)\nOther: 30%\n: chart::>",
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"text": "\n\n<::Q2 2026 - Loan Portfolio Activity 2, 12\n($ amounts in millions)\n\nWaterfall chart showing changes in loan portfolio activity.\n\nY-axis represents dollar amounts from $2,800 to $3,800.\n\nData points:\n- UPB 3/31/26:\n - Total Commitments: $3,710\n - Unfunded Commitments: $204\n - Value: $3,506\n- Fundings 12:\n - Increase: $8\n- Repayments 12:\n - Decrease: $21\n- Transfer to Loan Held-For-Sale:\n - Decrease: $112\n- Transfer to REO:\n - Decrease: $25\n- UPB 6/30/26:\n - Total Commitments: $3,532\n - Unfunded Commitments: $175\n - Value: $3,357\n- Pro-Forma UPB A, 12:\n - Total Commitments: $3,234\n - Unfunded Commitments: $175\n - Value: $3,059\n\nNet Change in UPB 2: ($149)\n: chart::>",
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"text": "\n\n- During the quarter:\n - Resolved one watchlist loan with $25.4 million of UPB ² through a mortgage foreclosure\n - Reclassified one watchlist loan with $111.5 million of UPB ² to held-for-sale; loan sold July 2026\n - Funded $8.4 million on existing loan commitments and received $20.9 million of partial loan repayments ¹²",
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"text": "\n\n- At quarter-end, total liquidity of $103 million; at July 24, 2026, total liquidity of $168 million 7\n\nTotal Available Liquidity 7\n($ amounts in millions)\n<::Total Available Liquidity 7\n($ amounts in millions)\n\nY-axis: $\n $200\n $180\n $160\n $140\n $120\n $100\n $80\n $60\n $40\n $20\n $-\n\nX-axis: Dates\n 12/31/25: Total $185 (Cash and Cash Equivalents: $173, Approved and Undrawn Credit Capacity: $12)\n 6/30/26: Total $103 (Cash and Cash Equivalents: $90, Approved and Undrawn Credit Capacity: $13)\n 7/24/26: Total $168 (Cash and Cash Equivalents: $155, Approved and Undrawn Credit Capacity: $13)\n\nLegend:\n Cash and Cash Equivalents\n Approved and Undrawn Credit Capacity 7\n: bar chart::>",
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"text": "\n\n<::bar chart\nTitle: Q2 2026 - Financing Activity\nSubtitle: ($ amounts in millions)\nY-axis: $ (amounts in millions)\nX-axis categories:\n- UPB 3/31/26:\n - Stacked bar segments (from bottom to top):\n - $500\n - $235\n - $1,932\n - Total: $2,667\n - Top dotted segment: $233\n- Advances:\n - Value: $1\n- Repayments:\n - Value: $67\n- Net Change in UPB:\n - Value: $(66) (calculated as Advances - Repayments)\n- UPB 6/30/26:\n - Stacked bar segments (from bottom to top):\n - $500\n - $235\n - $1,866\n - Total: $2,601\n - Top dotted segment: $199\n- Pro-Forma UPB A, 12:\n - Stacked bar segments (from bottom to top):\n - $500\n - $235\n - $1,567\n - Total: $2,302\n - Top dotted segment: $199\n: bar chart::>",
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"text": "\n\n<::Repurchase agreements and term participation facility\nDebt related to real estate owned hotel portfolio\nSecured term loan\nPortion of repurchase agreements secured by multifamily REO assets\n: legend::>",
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"text": "\n\n* During the quarter, net financings outstanding decreased by $66 million, including $20 million of deleveraging payments\n* Subsequent to quarter-end, net financings outstanding decreased by $299 million, including $93 million of deleveraging payments",
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"text": "\n\n<::Three images of different properties.\nImage 1: An aerial view of a large, rectangular building with a green rooftop garden, a river, and a bridge in the background.\nImage 2: A row of modern, multi-story residential buildings with balconies and ground-floor retail spaces, featuring trees in front and a clear sky above.\nImage 3: A tall, modern skyscraper with a glass facade, surrounded by other city buildings and distant mountains under a blue sky.\nThe properties above are not representative of all transactions.\n: collage of photos::>",
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