{
"document": "52ea7b82e603080b",
"scans": [
{
"page": 1,
"status": "empty",
"reason": "",
"picture_classes": [
"photograph",
"photograph",
"photograph"
],
"table_refs": [],
"job_id": "parse-01m3d75f1r4b78yrhpv8az4wqd",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.8,
"reused": false,
"response_artifact": "52ea7b82e603080b.p1.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 1,
"kind": "text",
"text": "First Quarter 2026 Earnings Supplement\nClaros Mortgage Trust, Inc. (CMTG)\n",
"box": {
"left": 0.08841,
"top": 0.62282,
"right": 0.71355,
"bottom": 0.71907
},
"chunk_id": "text-0"
},
{
"page": 1,
"kind": "text",
"text": "[Modern multi-story apartment building complex with trees and shops on the ground level]\nMay 6, 2020\n[High-rise modern residential building with surrounding city skyline]\n",
"box": {
"left": 0.04473,
"top": 0.73653,
"right": 0.72883,
"bottom": 0.96314
},
"chunk_id": "text-1"
},
{
"page": 1,
"kind": "marginalia",
"text": "The properties above are not representative of all transactions. The information provided herein is as of March 31, 2026, unless otherwise noted.\n",
"box": {
"left": 0.00872,
"top": 0.96679,
"right": 0.64225,
"bottom": 0.98579
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 2,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d75f5shmz7mt5xqrp16ymg",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.2,
"reused": false,
"response_artifact": "52ea7b82e603080b.p2.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 2,
"kind": "text",
"text": "First Quarter 2026 Highlights\n",
"box": {
"left": 0.03426,
"top": 0.12731,
"right": 0.43692,
"bottom": 0.17995
},
"chunk_id": "text-0"
},
{
"page": 2,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.73805,
"top": 0.04438,
"right": 0.99907,
"bottom": 0.18451
},
"chunk_id": "logo-0"
},
{
"page": 2,
"kind": "text",
"text": "Financial\n- GAAP net loss of $54.3 million, or $0.39 per share; distributable loss of $75.2 million, or $0.52 per share; and distributable loss prior to\nrealized losses of $7.5 million, or $0.05 per share 1, 14\n- Provision for CECL reserves of $31.4 million, or $0.22 per share, for the quarter\n- Book value of $10.33 per share\n- REO assets generated distributable loss of $0.04 per share for the quarter, net of financing costs, primarily due to expected seasonality of\nREO hotel portfolio\n",
"box": {
"left": 0.01603,
"top": 0.20339,
"right": 0.97667,
"bottom": 0.3686
},
"chunk_id": "text-1"
},
{
"page": 2,
"kind": "text",
"text": "Loan and REO\nPortfolio 3, 4\n",
"box": {
"left": 0.01737,
"top": 0.41235,
"right": 0.16793,
"bottom": 0.64467
},
"chunk_id": "text-2"
},
{
"page": 2,
"kind": "text",
"text": "- Loan resolutions year-to-date of $634.2 million of UPB 2, 3 and partial loan repayments of $12.0 million of UPB\n- Resolved five watchlist loans totaling $460.4 million of UPB 2, 3\n- Subsequent to quarter-end, entered into a binding agreement to sell a multifamily REO asset for a gross sales price of $48.0 million\n- $3.2 billion loan portfolio 4, of which 96% are floating-rate and 96% are senior loans 4, 6\n- Watchlist loans of $1.4 billion 4 (13 loans) at March 31, 2026, **representing a 15% decline from year-end 4**\n- CECL reserves of $398.9 million on UPB, or $2.76 per share at quarter-end 20\n- Approximately 11.4% of UPB at quarter-end, comprised of (i) specific reserves of 26.8% of UPB of risk rated 5 loans and (ii) general\nreserves of 2.3% of UPB (7.7% of UPB of risk rated 4 loans and 0.9% of UPB on remaining loans) 20\n",
"box": {
"left": 0.17568,
"top": 0.40979,
"right": 0.98897,
"bottom": 0.64572
},
"chunk_id": "text-3"
},
{
"page": 2,
"kind": "text",
"text": "Liquidity and\nCapitalization\n",
"box": {
"left": 0.01787,
"top": 0.68835,
"right": 0.16915,
"bottom": 0.93437
},
"chunk_id": "text-4"
},
{
"page": 2,
"kind": "text",
"text": "Closed a new $500 million secured term loan maturing in 2030; proceeds used to fully retire prior secured term loan\nAt March 31, 2026:\n - Total liquidity of $132 million, including $117 million of cash7\n - Unencumbered assets of $538 million, consisting of $363 million of loan UPB and $175 million of REO carrying value8\n - Net unfunded loan commitments decreased to $5 million9\n - Net financings outstanding decreased by $489 million, including $142 million of deleveraging payments\n - Net debt / equity ratio of 1.7x10, 14\n - Total leverage ratio of 2.2x11, 14\nAt May 5, 2026, total liquidity of $116 million, including $103 million of cash7\n",
"box": {
"left": 0.17636,
"top": 0.68874,
"right": 0.89824,
"bottom": 0.93324
},
"chunk_id": "text-5"
},
{
"page": 2,
"kind": "text",
"text": "See Endnotes in the Appendix.\n",
"box": {
"left": 0.03586,
"top": 0.93925,
"right": 0.17596,
"bottom": 0.95808
},
"chunk_id": "text-6"
},
{
"page": 2,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03508,
"top": 0.96087,
"right": 0.42993,
"bottom": 0.98201
},
"chunk_id": "text-7"
},
{
"page": 2,
"kind": "text",
"text": "PAGE 1\n",
"box": {
"left": 0.93557,
"top": 0.96241,
"right": 0.97949,
"bottom": 0.98226
},
"chunk_id": "text-8"
}
]
},
{
"page": 3,
"status": "figures",
"reason": "",
"picture_classes": [
"pie_chart",
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m3d75f6qc4s0az3w5es17bmf",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p3.ade.json",
"figures": [
{
"page": 3,
"text": "The figure presents two charts side-by-side representing loan resolution and repayment activity. The left side is a donut chart labeled '2026 YTD' with a center value of '$646 million'. The right side is a bar chart labeled 'FY 2022 – 2026 YTD ($ in billions)'.\n\n| Category | Percentage |\n| --- | --- |\n| Full Repayments | 37% |\n| Partial Repayments | 2% |\n| Loan Sales below 100% of UPB | 34% |\n| Foreclosures | 16% |\n| Settlement with financing counterparty | 11% |\n\n| Fiscal Year | Value ($ in billions) |\n| --- | --- |\n| 2022 | $1.6 |\n| 2023 | $1.1 |\n| 2024 | $1.4 |\n| 2025 | $2.6 |\n| 2026 YTD | $0.6 |",
"box": {
"left": 0.04604,
"top": 0.46608,
"right": 0.93612,
"bottom": 0.9555
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d75f6qc4s0az3w5es17bmf",
"picture_ref": "#/pictures/6"
}
],
"tables": [],
"context": [
{
"page": 3,
"kind": "text",
"text": "Loan Resolution Activity\n",
"box": {
"left": 0.03406,
"top": 0.12851,
"right": 0.37176,
"bottom": 0.18007
},
"chunk_id": "text-0"
},
{
"page": 3,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.7384,
"top": 0.04486,
"right": 0.99842,
"bottom": 0.183
},
"chunk_id": "logo-0"
},
{
"page": 3,
"kind": "text",
"text": "● During the quarter, resolved five loans totaling $608.8 million of UPB 2 and received $4.0 million in partial loan repayments.\n - Two full repayments: $240.8 million of UPB, *includes one watchlist loan*\n - One loan sale: $220.0 million of UPB 2; *watchlist loan, gross recovery of 90%*\n - One mortgage foreclosure: $76.6 million of UPB 2, *watchlist loan collateralized by a multifamily property in the Dallas MSA*\n - One assignment to lender: $71.4 million of UPB 2, *watchlist loan*\n● Subsequent to quarter-end, resolved one loan totaling $25.4 million of UPB 2 and received $8.0 million in partial loan repayments.\n - One mortgage foreclosure: $25.4 million of UPB 2, *watchlist loan collateralized by a multifamily property in the Dallas MSA*\n",
"box": {
"left": 0.05111,
"top": 0.20935,
"right": 0.9227,
"bottom": 0.4442
},
"chunk_id": "text-1"
},
{
"page": 3,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03381,
"top": 0.96062,
"right": 0.43117,
"bottom": 0.9828
},
"chunk_id": "text-2"
},
{
"page": 3,
"kind": "marginalia",
"text": "PAGE 2\n",
"box": {
"left": 0.93579,
"top": 0.96249,
"right": 0.98065,
"bottom": 0.98247
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 4,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart",
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m3d75f4h8b3yy8yknmdf9knj",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.3,
"reused": false,
"response_artifact": "52ea7b82e603080b.p4.ade.json",
"figures": [
{
"page": 4,
"text": "A stacked bar chart titled \"Collateral Diversification\" comparing the percentage distribution of collateral types between two dates: 3/31/26 and 12/31/25. The Y-axis represents percentage from 0% to 100%. The chart contains two vertical bars, one for each date. Each bar is segmented by color-coded categories, with the corresponding legend on the right.\n\n| Category | 3/31/26 | 12/31/25 |\n| --- | --- | --- |\n| Multifamily | 44% | 44% |\n| Hospitality | 19% | 22% |\n| Office | 17% | 16% |\n| Mixed-use | 10% | 8% |\n| Retail | 5% | 4% |\n| Land | 4% | 5% |\n| Other | 1% | 1% |",
"box": {
"left": 0.59881,
"top": 0.21106,
"right": 0.99955,
"bottom": 0.59159
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d75f4h8b3yy8yknmdf9knj",
"picture_ref": "#/pictures/8"
},
{
"page": 4,
"text": "A stacked bar chart titled \"Geographical Diversification 3, 4, 12\" comparing data between two dates: 3/31/26 and 12/31/25. The y-axis represents a percentage from 0% to 100%. The chart shows the composition of geographical distribution across different regions including CA, NY, VA/DC, TX, IL, GA, UT, and Other. The values for each segment are explicitly labeled.\n\n| Category | 3/31/26 | 12/31/25 |\n| --- | --- | --- |\n| CA | 22% | 25% |\n| NY | 15% | 14% |\n| VA / DC | 8% | 7% |\n| TX | 8% | 7% |\n| IL | 8% | 6% |\n| GA | 7% | 6% |\n| UT B | 2% | 7% |\n| Other | 30% | 28% |",
"box": {
"left": 0.60036,
"top": 0.60517,
"right": 0.9901,
"bottom": 0.94021
},
"chunk_id": "figure-1",
"job_id": "parse-01m3d75f4h8b3yy8yknmdf9knj",
"picture_ref": "#/pictures/9"
}
],
"tables": [
{
"page": 4,
"cells": [
[
"Key Portfolio Metrics 3, 12",
"March 31,
2026",
"December 31,
2025"
],
[
"Total Loan Commitments 13",
"$3.7Bn",
"$4.3Bn"
],
[
"Loan UPB",
"$3.5Bn",
"$4.1Bn"
],
[
"Loan Carrying Value 4",
"$3.2Bn",
"$3.7Bn"
],
[
"Number of Loans",
"28",
"33"
],
[
"Adjusted LTV 14",
"77.2%",
"76.3%"
],
[
"Average Commitment Size",
"$132MM",
"$130MM"
],
[
"Weighted Average All-In Yield 15",
"5.6%",
"6.2%"
],
[
"Floating Rate Loans 4",
"96%",
"97%"
],
[
"Senior Loans 4, 6",
"96%",
"97%"
]
],
"cell_boxes": [
[
{
"left": 0.03845,
"top": 0.22157,
"right": 0.27645,
"bottom": 0.29415
},
{
"left": 0.27639,
"top": 0.22167,
"right": 0.4219,
"bottom": 0.29409
},
{
"left": 0.42189,
"top": 0.22174,
"right": 0.56218,
"bottom": 0.29406
}
],
[
{
"left": 0.03845,
"top": 0.29409,
"right": 0.27639,
"bottom": 0.35882
},
{
"left": 0.27632,
"top": 0.29406,
"right": 0.42189,
"bottom": 0.35882
},
{
"left": 0.42188,
"top": 0.29403,
"right": 0.56219,
"bottom": 0.35882
}
],
[
{
"left": 0.03845,
"top": 0.35882,
"right": 0.27632,
"bottom": 0.42355
},
{
"left": 0.27626,
"top": 0.35882,
"right": 0.42188,
"bottom": 0.42356
},
{
"left": 0.42187,
"top": 0.35881,
"right": 0.56221,
"bottom": 0.42356
}
],
[
{
"left": 0.03845,
"top": 0.42354,
"right": 0.27626,
"bottom": 0.48813
},
{
"left": 0.2762,
"top": 0.42355,
"right": 0.42187,
"bottom": 0.48813
},
{
"left": 0.42187,
"top": 0.42356,
"right": 0.56223,
"bottom": 0.48813
}
],
[
{
"left": 0.03845,
"top": 0.48813,
"right": 0.2762,
"bottom": 0.5529
},
{
"left": 0.27614,
"top": 0.48813,
"right": 0.42187,
"bottom": 0.55288
},
{
"left": 0.42186,
"top": 0.48813,
"right": 0.56225,
"bottom": 0.55286
}
],
[
{
"left": 0.03845,
"top": 0.55288,
"right": 0.27614,
"bottom": 0.61759
},
{
"left": 0.27608,
"top": 0.55286,
"right": 0.42186,
"bottom": 0.61759
},
{
"left": 0.42185,
"top": 0.55285,
"right": 0.56227,
"bottom": 0.6176
}
],
[
{
"left": 0.03845,
"top": 0.61759,
"right": 0.27608,
"bottom": 0.68223
},
{
"left": 0.27602,
"top": 0.61759,
"right": 0.42185,
"bottom": 0.68223
},
{
"left": 0.42184,
"top": 0.61759,
"right": 0.56229,
"bottom": 0.68222
}
],
[
{
"left": 0.03845,
"top": 0.68223,
"right": 0.27602,
"bottom": 0.74681
},
{
"left": 0.27596,
"top": 0.68222,
"right": 0.42184,
"bottom": 0.7468
},
{
"left": 0.42183,
"top": 0.68222,
"right": 0.56231,
"bottom": 0.74679
}
],
[
{
"left": 0.03845,
"top": 0.7468,
"right": 0.27596,
"bottom": 0.81176
},
{
"left": 0.2759,
"top": 0.74679,
"right": 0.42183,
"bottom": 0.81169
},
{
"left": 0.42182,
"top": 0.74678,
"right": 0.56233,
"bottom": 0.81165
}
],
[
{
"left": 0.03845,
"top": 0.81169,
"right": 0.2759,
"bottom": 0.87653
},
{
"left": 0.27584,
"top": 0.81165,
"right": 0.42182,
"bottom": 0.87651
},
{
"left": 0.42181,
"top": 0.81161,
"right": 0.56235,
"bottom": 0.8765
}
]
],
"box": {
"left": 0.03013,
"top": 0.21398,
"right": 0.57126,
"bottom": 0.88952
},
"chunk_id": "table-0",
"job_id": "parse-01m3d75f4h8b3yy8yknmdf9knj",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 4,
"kind": "text",
"text": "Loan Portfolio Overview\n",
"box": {
"left": 0.03327,
"top": 0.12626,
"right": 0.37327,
"bottom": 0.17897
},
"chunk_id": "text-0"
},
{
"page": 4,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.73741,
"top": 0.04256,
"right": 0.99968,
"bottom": 0.18575
},
"chunk_id": "logo-0"
},
{
"page": 4,
"kind": "text",
"text": "See Endnotes in the Appendix.\n A. At March 31, 2026 and December 31, 2025, approximates 1%.\n B. At March 31, 2026, approximates 2%.\n",
"box": {
"left": 0.03306,
"top": 0.90619,
"right": 0.32771,
"bottom": 0.95732
},
"chunk_id": "text-1"
},
{
"page": 4,
"kind": "marginalia",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03377,
"top": 0.96093,
"right": 0.43119,
"bottom": 0.98258
},
"chunk_id": "marginalia-0"
},
{
"page": 4,
"kind": "marginalia",
"text": "PAGE 3\n",
"box": {
"left": 0.93527,
"top": 0.9618,
"right": 0.98093,
"bottom": 0.98299
},
"chunk_id": "marginalia-1"
}
]
},
{
"page": 5,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d75f41x56m7g4qzk5e4j9q",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.0,
"reused": false,
"response_artifact": "52ea7b82e603080b.p5.ade.json",
"figures": [],
"tables": [
{
"page": 5,
"cells": [
[
"($ amounts in millions)",
"",
"",
"",
"Region Exposure by Carrying Value and as a % of Total Carrying Value3, 4, 12",
"",
"",
"",
"",
"",
""
],
[
"Collateral Type",
"Number of Loans",
"Carrying Value 4",
"% of Total Carrying Value",
"West",
"Northeast",
"Midwest",
"Southeast",
"Southwest",
"Mid Atlantic",
"Other"
],
[
"Multifamily",
"11",
"$1,400",
"44%",
"$739 / 23%",
"-",
"$294 / 9%",
"-",
"$239 / 8%",
"$130 / 4%",
"—"
],
[
"Hospitality",
"4",
"$592",
"19%",
"$224 / 7%",
"$299 / 10%",
"-",
"$69 / 2%",
"-",
"-",
"—"
],
[
"Office",
"5",
"$534",
"17%",
"$179 / 6%",
"-",
"$125 / 4%",
"$230 / 7%",
"-",
"-",
"—"
],
[
"Mixed-use 15",
"3",
"$319",
"10%",
"—",
"$233 / 7%",
"",
"$86 / 3%",
"",
"",
"—"
],
[
"Retail",
"2",
"$152",
"5%",
"—",
"$152 / 5%",
"",
"",
"",
"$120 / 4%",
"—"
],
[
"Land",
"1",
"$120",
"4%",
"—",
"",
"",
"",
"",
"",
"—"
],
[
"Other",
"2",
"$38",
"1%",
"—",
"",
"",
"",
"",
"",
"$38 / 1%"
],
[
"Total 3, 4, 12",
"28",
"$3,155",
"100%",
"$1,142 / 36%",
"$684 / 22%",
"$419 / 13%",
"$385 / 12%",
"$239 / 8%",
"$250 / 8%",
"$38 / 1%"
]
],
"cell_boxes": [
[
{
"left": 0.03855,
"top": 0.26053,
"right": 0.20535,
"bottom": 0.31501
},
null,
{
"left": 0.20524,
"top": 0.26056,
"right": 0.27413,
"bottom": 0.31496
},
{
"left": 0.27402,
"top": 0.26057,
"right": 0.37333,
"bottom": 0.31494
},
{
"left": 0.37329,
"top": 0.26058,
"right": 0.96375,
"bottom": 0.31491
},
null,
null,
null,
null,
null,
null
],
[
{
"left": 0.03854,
"top": 0.31498,
"right": 0.13151,
"bottom": 0.39753
},
{
"left": 0.13141,
"top": 0.31496,
"right": 0.20524,
"bottom": 0.39752
},
{
"left": 0.20507,
"top": 0.31494,
"right": 0.27402,
"bottom": 0.39751
},
{
"left": 0.27385,
"top": 0.31491,
"right": 0.37329,
"bottom": 0.39751
},
{
"left": 0.37323,
"top": 0.31488,
"right": 0.45411,
"bottom": 0.3975
},
{
"left": 0.45399,
"top": 0.31486,
"right": 0.53375,
"bottom": 0.39749
},
{
"left": 0.53366,
"top": 0.31483,
"right": 0.61751,
"bottom": 0.39749
},
{
"left": 0.61746,
"top": 0.31481,
"right": 0.70157,
"bottom": 0.39748
},
{
"left": 0.70156,
"top": 0.31478,
"right": 0.78512,
"bottom": 0.39748
},
{
"left": 0.78511,
"top": 0.31475,
"right": 0.87825,
"bottom": 0.39747
},
{
"left": 0.87822,
"top": 0.31473,
"right": 0.96375,
"bottom": 0.39746
}
],
[
{
"left": 0.03853,
"top": 0.39752,
"right": 0.13141,
"bottom": 0.45192
},
{
"left": 0.13134,
"top": 0.39751,
"right": 0.20507,
"bottom": 0.45192
},
{
"left": 0.20495,
"top": 0.39751,
"right": 0.27385,
"bottom": 0.45192
},
{
"left": 0.27375,
"top": 0.3975,
"right": 0.37323,
"bottom": 0.45192
},
{
"left": 0.3732,
"top": 0.39749,
"right": 0.45399,
"bottom": 0.45192
},
{
"left": 0.4539,
"top": 0.39749,
"right": 0.53366,
"bottom": 0.45192
},
{
"left": 0.5336,
"top": 0.39748,
"right": 0.61746,
"bottom": 0.45192
},
{
"left": 0.61743,
"top": 0.39748,
"right": 0.70156,
"bottom": 0.45192
},
{
"left": 0.70155,
"top": 0.39747,
"right": 0.78511,
"bottom": 0.45192
},
{
"left": 0.7851,
"top": 0.39746,
"right": 0.87827,
"bottom": 0.45192
},
{
"left": 0.87825,
"top": 0.39745,
"right": 0.96374,
"bottom": 0.45192
}
],
[
{
"left": 0.03852,
"top": 0.45192,
"right": 0.13134,
"bottom": 0.50628
},
{
"left": 0.13127,
"top": 0.45192,
"right": 0.20495,
"bottom": 0.50628
},
{
"left": 0.20484,
"top": 0.45192,
"right": 0.27375,
"bottom": 0.50628
},
{
"left": 0.27364,
"top": 0.45192,
"right": 0.3732,
"bottom": 0.50628
},
{
"left": 0.37316,
"top": 0.45192,
"right": 0.4539,
"bottom": 0.50628
},
{
"left": 0.45382,
"top": 0.45192,
"right": 0.5336,
"bottom": 0.50628
},
{
"left": 0.53354,
"top": 0.45192,
"right": 0.61743,
"bottom": 0.50628
},
{
"left": 0.61741,
"top": 0.45192,
"right": 0.70155,
"bottom": 0.50628
},
{
"left": 0.70154,
"top": 0.45192,
"right": 0.7851,
"bottom": 0.50628
},
{
"left": 0.78509,
"top": 0.45192,
"right": 0.87829,
"bottom": 0.50628
},
{
"left": 0.87827,
"top": 0.45192,
"right": 0.96373,
"bottom": 0.50628
}
],
[
{
"left": 0.03851,
"top": 0.50628,
"right": 0.13127,
"bottom": 0.56083
},
{
"left": 0.13121,
"top": 0.50628,
"right": 0.20484,
"bottom": 0.56083
},
{
"left": 0.20473,
"top": 0.50628,
"right": 0.27364,
"bottom": 0.56083
},
{
"left": 0.27353,
"top": 0.50628,
"right": 0.37316,
"bottom": 0.56084
},
{
"left": 0.37312,
"top": 0.50628,
"right": 0.45382,
"bottom": 0.56084
},
{
"left": 0.45374,
"top": 0.50628,
"right": 0.53354,
"bottom": 0.56084
},
{
"left": 0.53347,
"top": 0.50628,
"right": 0.61741,
"bottom": 0.56084
},
{
"left": 0.61738,
"top": 0.50628,
"right": 0.70154,
"bottom": 0.56085
},
{
"left": 0.70153,
"top": 0.50628,
"right": 0.78509,
"bottom": 0.56085
},
{
"left": 0.78508,
"top": 0.50628,
"right": 0.87831,
"bottom": 0.56085
},
{
"left": 0.87829,
"top": 0.50628,
"right": 0.96373,
"bottom": 0.56085
}
],
[
{
"left": 0.0385,
"top": 0.56083,
"right": 0.13121,
"bottom": 0.61518
},
{
"left": 0.13114,
"top": 0.56083,
"right": 0.20473,
"bottom": 0.61517
},
{
"left": 0.20461,
"top": 0.56083,
"right": 0.27353,
"bottom": 0.61516
},
{
"left": 0.27342,
"top": 0.56083,
"right": 0.37312,
"bottom": 0.61516
},
{
"left": 0.37308,
"top": 0.56084,
"right": 0.45374,
"bottom": 0.61515
},
{
"left": 0.45366,
"top": 0.56084,
"right": 0.53347,
"bottom": 0.61514
},
{
"left": 0.53341,
"top": 0.56084,
"right": 0.61738,
"bottom": 0.61513
},
{
"left": 0.61735,
"top": 0.56084,
"right": 0.70153,
"bottom": 0.61512
},
{
"left": 0.70152,
"top": 0.56085,
"right": 0.78508,
"bottom": 0.61512
},
{
"left": 0.78508,
"top": 0.56085,
"right": 0.87833,
"bottom": 0.61511
},
{
"left": 0.87831,
"top": 0.56085,
"right": 0.96373,
"bottom": 0.6151
}
],
[
{
"left": 0.03849,
"top": 0.61517,
"right": 0.13114,
"bottom": 0.66964
},
{
"left": 0.13107,
"top": 0.61516,
"right": 0.20461,
"bottom": 0.66964
},
{
"left": 0.2045,
"top": 0.61516,
"right": 0.27342,
"bottom": 0.66964
},
{
"left": 0.27331,
"top": 0.61515,
"right": 0.37308,
"bottom": 0.66963
},
{
"left": 0.37305,
"top": 0.61514,
"right": 0.45366,
"bottom": 0.66963
},
{
"left": 0.45358,
"top": 0.61513,
"right": 0.53341,
"bottom": 0.66963
},
{
"left": 0.53335,
"top": 0.61512,
"right": 0.61735,
"bottom": 0.66963
},
{
"left": 0.61732,
"top": 0.61512,
"right": 0.70152,
"bottom": 0.66963
},
{
"left": 0.70151,
"top": 0.61511,
"right": 0.78508,
"bottom": 0.66962
},
{
"left": 0.78507,
"top": 0.6151,
"right": 0.87835,
"bottom": 0.66962
},
{
"left": 0.87833,
"top": 0.61509,
"right": 0.96372,
"bottom": 0.66962
}
],
[
{
"left": 0.03848,
"top": 0.66964,
"right": 0.13107,
"bottom": 0.72381
},
{
"left": 0.13101,
"top": 0.66964,
"right": 0.2045,
"bottom": 0.72381
},
{
"left": 0.20439,
"top": 0.66963,
"right": 0.27331,
"bottom": 0.72381
},
{
"left": 0.2732,
"top": 0.66963,
"right": 0.37305,
"bottom": 0.7238
},
{
"left": 0.37301,
"top": 0.66963,
"right": 0.45358,
"bottom": 0.7238
},
{
"left": 0.45349,
"top": 0.66963,
"right": 0.53335,
"bottom": 0.7238
},
{
"left": 0.53329,
"top": 0.66963,
"right": 0.61732,
"bottom": 0.7238
},
{
"left": 0.61729,
"top": 0.66962,
"right": 0.70151,
"bottom": 0.72379
},
{
"left": 0.7015,
"top": 0.66962,
"right": 0.78507,
"bottom": 0.72379
},
{
"left": 0.78506,
"top": 0.66962,
"right": 0.87837,
"bottom": 0.72379
},
{
"left": 0.87835,
"top": 0.66962,
"right": 0.96372,
"bottom": 0.72379
}
],
[
{
"left": 0.03848,
"top": 0.72381,
"right": 0.13101,
"bottom": 0.77845
},
{
"left": 0.13094,
"top": 0.72381,
"right": 0.20439,
"bottom": 0.77846
},
{
"left": 0.20427,
"top": 0.7238,
"right": 0.2732,
"bottom": 0.77846
},
{
"left": 0.27309,
"top": 0.7238,
"right": 0.37301,
"bottom": 0.77846
},
{
"left": 0.37297,
"top": 0.7238,
"right": 0.45349,
"bottom": 0.77846
},
{
"left": 0.45341,
"top": 0.7238,
"right": 0.53329,
"bottom": 0.77846
},
{
"left": 0.53323,
"top": 0.72379,
"right": 0.61729,
"bottom": 0.77847
},
{
"left": 0.61726,
"top": 0.72379,
"right": 0.7015,
"bottom": 0.77847
},
{
"left": 0.70149,
"top": 0.72379,
"right": 0.78506,
"bottom": 0.77847
},
{
"left": 0.78505,
"top": 0.72379,
"right": 0.87839,
"bottom": 0.77847
},
{
"left": 0.87837,
"top": 0.72378,
"right": 0.96371,
"bottom": 0.77848
}
],
[
{
"left": 0.03847,
"top": 0.77845,
"right": 0.13094,
"bottom": 0.83315
},
{
"left": 0.13087,
"top": 0.77845,
"right": 0.20427,
"bottom": 0.83315
},
{
"left": 0.20416,
"top": 0.77846,
"right": 0.27309,
"bottom": 0.83315
},
{
"left": 0.27298,
"top": 0.77846,
"right": 0.37297,
"bottom": 0.83316
},
{
"left": 0.37293,
"top": 0.77846,
"right": 0.45341,
"bottom": 0.83316
},
{
"left": 0.45333,
"top": 0.77846,
"right": 0.53323,
"bottom": 0.83316
},
{
"left": 0.53317,
"top": 0.77846,
"right": 0.61726,
"bottom": 0.83317
},
{
"left": 0.61723,
"top": 0.77847,
"right": 0.70149,
"bottom": 0.83317
},
{
"left": 0.70149,
"top": 0.77847,
"right": 0.78505,
"bottom": 0.83317
},
{
"left": 0.78505,
"top": 0.77847,
"right": 0.87841,
"bottom": 0.83318
},
{
"left": 0.87839,
"top": 0.77847,
"right": 0.96371,
"bottom": 0.83318
}
]
],
"box": {
"left": 0.03109,
"top": 0.25512,
"right": 0.9695,
"bottom": 0.84107
},
"chunk_id": "table-0",
"job_id": "parse-01m3d75f41x56m7g4qzk5e4j9q",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 5,
"kind": "text",
"text": "Loan Portfolio Overview (cont'd)\n",
"box": {
"left": 0.03455,
"top": 0.1267,
"right": 0.47977,
"bottom": 0.18026
},
"chunk_id": "text-0"
},
{
"page": 5,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.73804,
"top": 0.04413,
"right": 0.99889,
"bottom": 0.18462
},
"chunk_id": "logo-0"
},
{
"page": 5,
"kind": "text",
"text": "See Endnotes in the Appendix.\nTotals may not foot due to rounding.\n",
"box": {
"left": 0.03585,
"top": 0.92358,
"right": 0.19688,
"bottom": 0.95794
},
"chunk_id": "text-1"
},
{
"page": 5,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03496,
"top": 0.96068,
"right": 0.42962,
"bottom": 0.98176
},
"chunk_id": "text-2"
},
{
"page": 5,
"kind": "marginalia",
"text": "PAGE 4\n",
"box": {
"left": 0.93598,
"top": 0.96235,
"right": 0.98015,
"bottom": 0.98181
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 6,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m3d75f84swmhqq2fz0zffxw2",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p6.ade.json",
"figures": [
{
"page": 6,
"text": "This is a waterfall chart illustrating the 'Q1 2026 – Loan Portfolio Activity' in millions of dollars. The chart starts with a total commitment value of $4,329 at the beginning of the period (12/31/25) and ends with a total commitment value of $3,710 at the end of the period (3/31/26). The UPB (Unpaid Principal Balance) decreases from $4,057 to $3,506, with a net change of ($551). The intermediate bars show the factors contributing to this change: Fundings ($22 increase), Repayments ($245 decrease), Loan Sale ($220 decrease), Transfer to Lender ($71 decrease), and Transfer to REO ($37 decrease). The chart also highlights the Unfunded Commitments at the start ($272) and end ($204) of the period.\n\n| Category | Value ($ millions) |\n| --- | --- |\n| UPB 12/31/25 | 4,057 |\n| Unfunded Commitments (Start) | 272 |\n| Total Commitments (Start) | 4,329 |\n| Fundings | +22 |\n| Repayments | -245 |\n| Loan Sale | -220 |\n| Transfer to Lender | -71 |\n| Transfer to REO | -37 |\n| Net Change in UPB | -551 |\n| UPB 3/31/26 | 3,506 |\n| Unfunded Commitments (End) | 204 |\n| Total Commitments (End) | 3,710 |",
"box": {
"left": 0.12584,
"top": 0.37019,
"right": 0.87049,
"bottom": 0.89436
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d75f84swmhqq2fz0zffxw2",
"picture_ref": "#/pictures/11"
}
],
"tables": [],
"context": [
{
"page": 6,
"kind": "text",
"text": "Loan Portfolio Activity\n",
"box": {
"left": 0.03486,
"top": 0.12821,
"right": 0.33856,
"bottom": 0.18017
},
"chunk_id": "text-0"
},
{
"page": 6,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.74259,
"top": 0.04832,
"right": 0.99731,
"bottom": 0.17906
},
"chunk_id": "logo-0"
},
{
"page": 6,
"kind": "text",
"text": "● During the quarter:\n - Two loans repaid totaling $240.8 million of UPB, including one watchlist loan.12\n - Resolved three watchlist loans totaling $368.0 million of UPB2 through a loan sale, mortgage foreclosure, and assignment to\nlender.\n - Funded $22.2 million on existing loan commitments and received $4.0 million of partial loan repayments.12\n",
"box": {
"left": 0.05273,
"top": 0.21029,
"right": 0.92229,
"bottom": 0.36687
},
"chunk_id": "text-1"
},
{
"page": 6,
"kind": "text",
"text": "See Endnotes in the Appendix.\nTotals may not foot due to rounding.\nA. Principal charge-off of $39.1 million recognized as of December 31, 2025 in connection with a mortgage foreclosure of a multifamily property in January 2026.\n",
"box": {
"left": 0.03456,
"top": 0.90788,
"right": 0.73216,
"bottom": 0.95705
},
"chunk_id": "text-2"
},
{
"page": 6,
"kind": "marginalia",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03315,
"top": 0.95998,
"right": 0.43291,
"bottom": 0.9827
},
"chunk_id": "marginalia-0"
},
{
"page": 6,
"kind": "text",
"text": "PAGE 5\n",
"box": {
"left": 0.93462,
"top": 0.9617,
"right": 0.98117,
"bottom": 0.98294
},
"chunk_id": "text-3"
}
]
},
{
"page": 7,
"status": "figures",
"reason": "",
"picture_classes": [
"pie_chart"
],
"table_refs": [],
"job_id": "parse-01m3d75qwcsk6d01qte0encqf4",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.0,
"reused": false,
"response_artifact": "52ea7b82e603080b.p7.ade.json",
"figures": [
{
"page": 7,
"text": "The figure presents two donut charts side-by-side comparing CECL reserves. The left chart is titled 'Total CECL Reserves (on UPB of Risk Rated 2 – 5 Loans)' and shows a center value of '$398.9 million', '$2.76 per share', and '11.4% of UPB'. It has segments labeled 87% (dark blue), 9% (grey), and 4% (light blue). The right chart is titled 'General CECL Reserves (on UPB of Risk Rated 2 - 4 Loans)' and shows a center value of '$50.1 million', '$0.35 per share', and '2.3% of UPB'. It has segments labeled 69% (grey) and 31% (implied light blue segment, though only the light blue section is visible, and the legend indicates Risk Rated 2-3 Loans). A legend at the bottom identifies the colors: dark blue as 'Risk Rated 5 Loans', grey as 'Risk Rated 4 Loans', and light blue as 'Risk Rated 2 - 3 Loans'.\n\n| Category | Total CECL Reserves (Risk Rated 2-5) | General CECL Reserves (Risk Rated 2-4) |\n| --- | --- | --- |\n| Risk Rated 5 Loans (Dark Blue) | 87% | N/A |\n| Risk Rated 4 Loans (Grey) | 9% | 69% |\n| Risk Rated 2-3 Loans (Light Blue) | 4% | 31% |\n| Total Value | $398.9 million | $50.1 million |\n| Per Share | $2.76 | $0.35 |\n| % of UPB | 11.4% | 2.3% |",
"box": {
"left": 0.09424,
"top": 0.37116,
"right": 0.85019,
"bottom": 0.90008
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d75qwcsk6d01qte0encqf4",
"picture_ref": "#/pictures/14"
}
],
"tables": [],
"context": [
{
"page": 7,
"kind": "text",
"text": "CECL Reserves on Loans Receivable\n",
"box": {
"left": 0.03092,
"top": 0.12266,
"right": 0.56076,
"bottom": 0.1816
},
"chunk_id": "text-0"
},
{
"page": 7,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.73764,
"top": 0.04268,
"right": 0.99948,
"bottom": 0.18562
},
"chunk_id": "logo-0"
},
{
"page": 7,
"kind": "text",
"text": "- Risk rated 4 loans have general CECL reserves of 7.7% of UPB and are secured by office, multifamily, and hospitality properties.\n- Remaining risk rated 2 and 3 loans have a general CECL reserve of 0.9% of UPB.\n- **96% of total CECL reserves on UPB relates to watchlist loans.**\n",
"box": {
"left": 0.04992,
"top": 0.20723,
"right": 0.91726,
"bottom": 0.3151
},
"chunk_id": "text-1"
},
{
"page": 7,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03339,
"top": 0.95967,
"right": 0.43121,
"bottom": 0.98283
},
"chunk_id": "text-2"
},
{
"page": 7,
"kind": "text",
"text": "PAGE 6\n",
"box": {
"left": 0.93486,
"top": 0.96173,
"right": 0.98086,
"bottom": 0.98292
},
"chunk_id": "text-3"
},
{
"page": 7,
"kind": "marginalia",
"text": "31%\n",
"box": {
"left": 0.85886,
"top": 0.49726,
"right": 0.89535,
"bottom": 0.52795
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 8,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d75r6qj3r9599c6t7h5e41",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.9,
"reused": false,
"response_artifact": "52ea7b82e603080b.p8.ade.json",
"figures": [],
"tables": [
{
"page": 8,
"cells": [
[
"$ amounts in millions",
"Number of Loans",
"UPB",
"Carrying Value4",
"Specific CECL Reserve",
"Specific CECL Reserve
(% of UPB)"
],
[
"Multifamily
(CA / CO / TX)",
"3",
"$711.6",
"$488.0",
"$222.9",
"31.3%"
],
[
"Office
(CA / GA)",
"3",
"$404.0",
"$317.9",
"$85.4",
"21.1%"
],
[
"Land
(VA)",
"1",
"$157.6",
"$120.1",
"$37.5",
"23.8%"
],
[
"Other17
(Other)",
"1",
"$1.6",
"$1.6",
"$-",
"-%"
],
[
"Total
(after Q2 '26 QTD resolutions)",
"8",
"$1,274.8",
"$927.6",
"$345.8",
"27.1%"
],
[
"REO Multifamily
(TX)",
"1",
"$25.4",
"$22.4",
"$3.0",
"11.8%"
],
[
"Total
(At March 31, 2026)",
"9",
"$1,300.2",
"$950.0",
"$348.8",
"26.8%"
]
],
"cell_boxes": [
[
{
"left": 0.05468,
"top": 0.34644,
"right": 0.19784,
"bottom": 0.38834
},
{
"left": 0.19779,
"top": 0.34646,
"right": 0.32223,
"bottom": 0.38834
},
{
"left": 0.32217,
"top": 0.34647,
"right": 0.44286,
"bottom": 0.38834
},
{
"left": 0.44278,
"top": 0.34649,
"right": 0.61683,
"bottom": 0.38834
},
{
"left": 0.61679,
"top": 0.34651,
"right": 0.78989,
"bottom": 0.38834
},
{
"left": 0.78987,
"top": 0.34653,
"right": 0.94529,
"bottom": 0.38834
}
],
[
{
"left": 0.05466,
"top": 0.38834,
"right": 0.19779,
"bottom": 0.47179
},
{
"left": 0.19769,
"top": 0.38834,
"right": 0.32217,
"bottom": 0.47179
},
{
"left": 0.32204,
"top": 0.38834,
"right": 0.44278,
"bottom": 0.47178
},
{
"left": 0.44262,
"top": 0.38834,
"right": 0.61679,
"bottom": 0.47177
},
{
"left": 0.61672,
"top": 0.38834,
"right": 0.78987,
"bottom": 0.47177
},
{
"left": 0.78984,
"top": 0.38834,
"right": 0.94527,
"bottom": 0.47176
}
],
[
{
"left": 0.05464,
"top": 0.47179,
"right": 0.19769,
"bottom": 0.55595
},
{
"left": 0.1976,
"top": 0.47178,
"right": 0.32204,
"bottom": 0.55594
},
{
"left": 0.32192,
"top": 0.47177,
"right": 0.44262,
"bottom": 0.55594
},
{
"left": 0.44246,
"top": 0.47177,
"right": 0.61672,
"bottom": 0.55594
},
{
"left": 0.61665,
"top": 0.47176,
"right": 0.78984,
"bottom": 0.55593
},
{
"left": 0.78981,
"top": 0.47175,
"right": 0.94524,
"bottom": 0.55592
}
],
[
{
"left": 0.05462,
"top": 0.55594,
"right": 0.1976,
"bottom": 0.63993
},
{
"left": 0.1975,
"top": 0.55594,
"right": 0.32192,
"bottom": 0.63991
},
{
"left": 0.32179,
"top": 0.55594,
"right": 0.44246,
"bottom": 0.63989
},
{
"left": 0.4423,
"top": 0.55593,
"right": 0.61665,
"bottom": 0.63988
},
{
"left": 0.61658,
"top": 0.55592,
"right": 0.78981,
"bottom": 0.63986
},
{
"left": 0.78977,
"top": 0.55592,
"right": 0.94522,
"bottom": 0.63984
}
],
[
{
"left": 0.0546,
"top": 0.63991,
"right": 0.1975,
"bottom": 0.72443
},
{
"left": 0.1974,
"top": 0.63989,
"right": 0.32179,
"bottom": 0.72442
},
{
"left": 0.32167,
"top": 0.63988,
"right": 0.4423,
"bottom": 0.72441
},
{
"left": 0.44214,
"top": 0.63986,
"right": 0.61658,
"bottom": 0.7244
},
{
"left": 0.6165,
"top": 0.63984,
"right": 0.78977,
"bottom": 0.72439
},
{
"left": 0.78974,
"top": 0.63982,
"right": 0.94519,
"bottom": 0.72437
}
],
[
{
"left": 0.05458,
"top": 0.72442,
"right": 0.1974,
"bottom": 0.77572
},
{
"left": 0.19734,
"top": 0.72441,
"right": 0.32167,
"bottom": 0.77572
},
{
"left": 0.32159,
"top": 0.7244,
"right": 0.44214,
"bottom": 0.77572
},
{
"left": 0.44204,
"top": 0.72439,
"right": 0.6165,
"bottom": 0.77573
},
{
"left": 0.61646,
"top": 0.72437,
"right": 0.78974,
"bottom": 0.77574
},
{
"left": 0.78972,
"top": 0.72436,
"right": 0.94516,
"bottom": 0.77574
}
],
[
{
"left": 0.05457,
"top": 0.77571,
"right": 0.19734,
"bottom": 0.84089
},
{
"left": 0.19726,
"top": 0.77572,
"right": 0.32159,
"bottom": 0.84089
},
{
"left": 0.3215,
"top": 0.77572,
"right": 0.44204,
"bottom": 0.8409
},
{
"left": 0.44192,
"top": 0.77572,
"right": 0.61646,
"bottom": 0.84091
},
{
"left": 0.6164,
"top": 0.77573,
"right": 0.78972,
"bottom": 0.84092
},
{
"left": 0.78969,
"top": 0.77574,
"right": 0.94514,
"bottom": 0.84093
}
],
[
{
"left": 0.05456,
"top": 0.84088,
"right": 0.19726,
"bottom": 0.8929
},
{
"left": 0.1972,
"top": 0.84089,
"right": 0.3215,
"bottom": 0.8929
},
{
"left": 0.32142,
"top": 0.84089,
"right": 0.44192,
"bottom": 0.89291
},
{
"left": 0.44182,
"top": 0.8409,
"right": 0.6164,
"bottom": 0.89291
},
{
"left": 0.61636,
"top": 0.84091,
"right": 0.78969,
"bottom": 0.89291
},
{
"left": 0.78967,
"top": 0.84092,
"right": 0.94512,
"bottom": 0.89291
}
]
],
"box": {
"left": 0.04964,
"top": 0.34238,
"right": 0.95063,
"bottom": 0.89922
},
"chunk_id": "table-0",
"job_id": "parse-01m3d75r6qj3r9599c6t7h5e41",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 8,
"kind": "text",
"text": "Risk Rated 5 Loan Summary\n",
"box": {
"left": 0.03563,
"top": 0.13063,
"right": 0.43692,
"bottom": 0.17844
},
"chunk_id": "text-0"
},
{
"page": 8,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75744,
"top": 0.07711,
"right": 0.98504,
"bottom": 0.15243
},
"chunk_id": "logo-0"
},
{
"page": 8,
"kind": "text",
"text": "- Risk rated 5 loans of $950 million, net of specific CECL reserves of 26.8% of UPB, are primarily secured by multifamily, office and land\nproperties.\n- Subsequent to quarter-end, resolved one loan through a mortgage foreclosure.\n- We seek to resolve these loans through a variety of means including foreclosures, sales, and discounted repayments.\n",
"box": {
"left": 0.05236,
"top": 0.20997,
"right": 0.95176,
"bottom": 0.33383
},
"chunk_id": "text-1"
},
{
"page": 8,
"kind": "text",
"text": "See Endnotes in the Appendix.\nTotals may not foot due to rounding.\n",
"box": {
"left": 0.03588,
"top": 0.92368,
"right": 0.19734,
"bottom": 0.95791
},
"chunk_id": "text-2"
},
{
"page": 8,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03479,
"top": 0.96067,
"right": 0.42993,
"bottom": 0.98163
},
"chunk_id": "text-3"
},
{
"page": 8,
"kind": "text",
"text": "PAGE 7\n",
"box": {
"left": 0.93617,
"top": 0.96244,
"right": 0.97965,
"bottom": 0.98212
},
"chunk_id": "text-4"
}
]
},
{
"page": 9,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d75r2z43m45wm2y1e2cagq",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.4,
"reused": false,
"response_artifact": "52ea7b82e603080b.p9.ade.json",
"figures": [],
"tables": [
{
"page": 9,
"cells": [
[
"",
"",
"",
"",
"Multifamily PropertiesA",
"",
"",
"",
"",
""
],
[
"($ amounts in millions, except asset basis)",
"Hotel Portfolio",
"Mixed-use Property",
"Land Parcel",
"Multifamily 1",
"Multifamily 2",
"Multifamily 3B",
"Multifamily 4",
"Multifamily 5",
"Multifamily 6C
(Subsequent to Quarter-End)"
],
[
"Acquisition Date",
"February 2021",
"June 2023",
"December 2025",
"May 2025",
"June 2025",
"July 2025",
"July 2025",
"January 2026",
"May 2026"
],
[
"Location",
"New York, NY",
"New York, NY",
"New York, NY",
"Phoenix, AZ",
"Henderson, NV",
"Dallas, TX",
"Dallas, TX",
"Dallas, TX",
"Dallas, TX"
],
[
"Carrying ValueD, 8",
"$319.5",
"$80.3",
"$94.3",
"$40.8",
"$75.4",
"$108.4",
"$24.4",
"$37.3",
"$22.4"
],
[
"Units / Keys / SF",
"1,087",
"31K
(Retail Only)",
"373,270",
"206",
"376",
"239 & 316
(555 Total)",
"370",
"650",
"232"
],
[
"Asset Basis D",
"$293,902 / Key",
"$2,591 / SF",
"$253 /
Buildable SF",
"$197,854 / Unit",
"$200,444 / Unit",
"$195,322 / Unit",
"$65,817 / Unit",
"$57,330 / Unit",
"$96,552 / Unit"
],
[
"Debt Outstanding D",
"$235.0",
"—",
"—",
"$32.6",
"$62.7",
"$74.4",
"$25.6",
"$37.2",
"$14.2"
],
[
"Net Equity D",
"$84.5",
"$80.3",
"$94.3",
"$8.2",
"$12.7",
"$34.0",
"($1.2)",
"$0.1",
"$8.2"
],
[
"Strategy",
"Continue to evaluate market conditions for eventual sale",
"Evaluating monetization",
"Evaluating monetization",
"Improve operating performance for eventual sale",
"Improve operating performance for eventual sale",
"Binding agreement to sell 239-unit property",
"Evaluating monetization",
"Evaluating monetization",
"Improve operating performance for eventual sale"
]
],
"cell_boxes": [
[
{
"left": 0.02398,
"top": 0.30776,
"right": 0.11762,
"bottom": 0.32545
},
{
"left": 0.11755,
"top": 0.30778,
"right": 0.2151,
"bottom": 0.32543
},
{
"left": 0.21507,
"top": 0.3078,
"right": 0.30209,
"bottom": 0.32541
},
{
"left": 0.30207,
"top": 0.30781,
"right": 0.40506,
"bottom": 0.3254
},
{
"left": 0.40505,
"top": 0.30783,
"right": 0.97567,
"bottom": 0.32538
},
null,
null,
null,
null,
null
],
[
{
"left": 0.02398,
"top": 0.32543,
"right": 0.11755,
"bottom": 0.37716
},
{
"left": 0.11737,
"top": 0.32541,
"right": 0.21507,
"bottom": 0.37716
},
{
"left": 0.21498,
"top": 0.3254,
"right": 0.30207,
"bottom": 0.37715
},
{
"left": 0.302,
"top": 0.32538,
"right": 0.40505,
"bottom": 0.37714
},
{
"left": 0.40502,
"top": 0.32536,
"right": 0.49796,
"bottom": 0.37714
},
{
"left": 0.49793,
"top": 0.32535,
"right": 0.59288,
"bottom": 0.37713
},
{
"left": 0.59287,
"top": 0.32533,
"right": 0.69246,
"bottom": 0.37712
},
{
"left": 0.69245,
"top": 0.32531,
"right": 0.77839,
"bottom": 0.37712
},
{
"left": 0.77829,
"top": 0.32529,
"right": 0.87297,
"bottom": 0.37711
},
{
"left": 0.87291,
"top": 0.32528,
"right": 0.97568,
"bottom": 0.3771
}
],
[
{
"left": 0.02398,
"top": 0.37716,
"right": 0.11737,
"bottom": 0.43179
},
{
"left": 0.11718,
"top": 0.37715,
"right": 0.21498,
"bottom": 0.43179
},
{
"left": 0.21488,
"top": 0.37714,
"right": 0.302,
"bottom": 0.43179
},
{
"left": 0.30193,
"top": 0.37714,
"right": 0.40502,
"bottom": 0.4318
},
{
"left": 0.40498,
"top": 0.37713,
"right": 0.49793,
"bottom": 0.4318
},
{
"left": 0.49789,
"top": 0.37712,
"right": 0.59289,
"bottom": 0.4318
},
{
"left": 0.59288,
"top": 0.37712,
"right": 0.69247,
"bottom": 0.43181
},
{
"left": 0.69246,
"top": 0.37711,
"right": 0.77829,
"bottom": 0.43181
},
{
"left": 0.77819,
"top": 0.3771,
"right": 0.87291,
"bottom": 0.43181
},
{
"left": 0.87285,
"top": 0.3771,
"right": 0.97568,
"bottom": 0.43182
}
],
[
{
"left": 0.02398,
"top": 0.43178,
"right": 0.11718,
"bottom": 0.48608
},
{
"left": 0.117,
"top": 0.43179,
"right": 0.21488,
"bottom": 0.48608
},
{
"left": 0.21478,
"top": 0.43179,
"right": 0.30193,
"bottom": 0.48608
},
{
"left": 0.30186,
"top": 0.43179,
"right": 0.40498,
"bottom": 0.48608
},
{
"left": 0.40495,
"top": 0.4318,
"right": 0.49789,
"bottom": 0.48608
},
{
"left": 0.49786,
"top": 0.4318,
"right": 0.5929,
"bottom": 0.48608
},
{
"left": 0.59289,
"top": 0.4318,
"right": 0.69248,
"bottom": 0.48608
},
{
"left": 0.69247,
"top": 0.43181,
"right": 0.77819,
"bottom": 0.48608
},
{
"left": 0.77809,
"top": 0.43181,
"right": 0.87285,
"bottom": 0.48608
},
{
"left": 0.8728,
"top": 0.43181,
"right": 0.97569,
"bottom": 0.48608
}
],
[
{
"left": 0.02399,
"top": 0.48608,
"right": 0.117,
"bottom": 0.54037
},
{
"left": 0.11681,
"top": 0.48608,
"right": 0.21478,
"bottom": 0.54037
},
{
"left": 0.21468,
"top": 0.48608,
"right": 0.30186,
"bottom": 0.54037
},
{
"left": 0.30179,
"top": 0.48608,
"right": 0.40495,
"bottom": 0.54037
},
{
"left": 0.40491,
"top": 0.48608,
"right": 0.49786,
"bottom": 0.54037
},
{
"left": 0.49782,
"top": 0.48608,
"right": 0.59291,
"bottom": 0.54037
},
{
"left": 0.5929,
"top": 0.48608,
"right": 0.69248,
"bottom": 0.54037
},
{
"left": 0.69248,
"top": 0.48608,
"right": 0.77809,
"bottom": 0.54037
},
{
"left": 0.77799,
"top": 0.48608,
"right": 0.8728,
"bottom": 0.54037
},
{
"left": 0.87274,
"top": 0.48608,
"right": 0.97569,
"bottom": 0.54036
}
],
[
{
"left": 0.02399,
"top": 0.54037,
"right": 0.11681,
"bottom": 0.59494
},
{
"left": 0.11662,
"top": 0.54037,
"right": 0.21468,
"bottom": 0.59493
},
{
"left": 0.21459,
"top": 0.54037,
"right": 0.30179,
"bottom": 0.59493
},
{
"left": 0.30171,
"top": 0.54037,
"right": 0.40491,
"bottom": 0.59492
},
{
"left": 0.40488,
"top": 0.54037,
"right": 0.49782,
"bottom": 0.59492
},
{
"left": 0.49779,
"top": 0.54037,
"right": 0.59292,
"bottom": 0.59491
},
{
"left": 0.59291,
"top": 0.54037,
"right": 0.69249,
"bottom": 0.59491
},
{
"left": 0.69248,
"top": 0.54037,
"right": 0.77799,
"bottom": 0.5949
},
{
"left": 0.77789,
"top": 0.54036,
"right": 0.87274,
"bottom": 0.5949
},
{
"left": 0.87268,
"top": 0.54036,
"right": 0.9757,
"bottom": 0.59489
}
],
[
{
"left": 0.02399,
"top": 0.59493,
"right": 0.11662,
"bottom": 0.64929
},
{
"left": 0.11643,
"top": 0.59493,
"right": 0.21459,
"bottom": 0.64929
},
{
"left": 0.21449,
"top": 0.59492,
"right": 0.30171,
"bottom": 0.64928
},
{
"left": 0.30164,
"top": 0.59492,
"right": 0.40488,
"bottom": 0.64928
},
{
"left": 0.40484,
"top": 0.59491,
"right": 0.49779,
"bottom": 0.64927
},
{
"left": 0.49775,
"top": 0.59491,
"right": 0.59293,
"bottom": 0.64926
},
{
"left": 0.59292,
"top": 0.5949,
"right": 0.6925,
"bottom": 0.64926
},
{
"left": 0.69249,
"top": 0.5949,
"right": 0.77789,
"bottom": 0.64925
},
{
"left": 0.77779,
"top": 0.59489,
"right": 0.87268,
"bottom": 0.64925
},
{
"left": 0.87262,
"top": 0.59489,
"right": 0.97571,
"bottom": 0.64924
}
],
[
{
"left": 0.02399,
"top": 0.64929,
"right": 0.11643,
"bottom": 0.70379
},
{
"left": 0.11624,
"top": 0.64928,
"right": 0.21449,
"bottom": 0.70379
},
{
"left": 0.21439,
"top": 0.64928,
"right": 0.30164,
"bottom": 0.7038
},
{
"left": 0.30157,
"top": 0.64927,
"right": 0.40484,
"bottom": 0.7038
},
{
"left": 0.40481,
"top": 0.64926,
"right": 0.49775,
"bottom": 0.70381
},
{
"left": 0.49772,
"top": 0.64926,
"right": 0.59294,
"bottom": 0.70381
},
{
"left": 0.59293,
"top": 0.64925,
"right": 0.69251,
"bottom": 0.70382
},
{
"left": 0.6925,
"top": 0.64925,
"right": 0.77779,
"bottom": 0.70382
},
{
"left": 0.77769,
"top": 0.64924,
"right": 0.87262,
"bottom": 0.70383
},
{
"left": 0.87256,
"top": 0.64924,
"right": 0.97571,
"bottom": 0.70384
}
],
[
{
"left": 0.02399,
"top": 0.70378,
"right": 0.11624,
"bottom": 0.75807
},
{
"left": 0.11605,
"top": 0.70379,
"right": 0.21439,
"bottom": 0.75807
},
{
"left": 0.2143,
"top": 0.70379,
"right": 0.30157,
"bottom": 0.75807
},
{
"left": 0.3015,
"top": 0.7038,
"right": 0.40481,
"bottom": 0.75807
},
{
"left": 0.40477,
"top": 0.7038,
"right": 0.49772,
"bottom": 0.75808
},
{
"left": 0.49768,
"top": 0.70381,
"right": 0.59295,
"bottom": 0.75808
},
{
"left": 0.59294,
"top": 0.70381,
"right": 0.69252,
"bottom": 0.75808
},
{
"left": 0.69251,
"top": 0.70382,
"right": 0.77769,
"bottom": 0.75808
},
{
"left": 0.77759,
"top": 0.70382,
"right": 0.87256,
"bottom": 0.75808
},
{
"left": 0.8725,
"top": 0.70383,
"right": 0.97572,
"bottom": 0.75809
}
],
[
{
"left": 0.02399,
"top": 0.75807,
"right": 0.11605,
"bottom": 0.82728
},
{
"left": 0.11581,
"top": 0.75807,
"right": 0.2143,
"bottom": 0.82727
},
{
"left": 0.21417,
"top": 0.75807,
"right": 0.3015,
"bottom": 0.82726
},
{
"left": 0.30141,
"top": 0.75807,
"right": 0.40477,
"bottom": 0.82724
},
{
"left": 0.40473,
"top": 0.75807,
"right": 0.49768,
"bottom": 0.82723
},
{
"left": 0.49764,
"top": 0.75808,
"right": 0.59297,
"bottom": 0.82722
},
{
"left": 0.59295,
"top": 0.75808,
"right": 0.69253,
"bottom": 0.8272
},
{
"left": 0.69252,
"top": 0.75808,
"right": 0.77759,
"bottom": 0.82719
},
{
"left": 0.77747,
"top": 0.75808,
"right": 0.8725,
"bottom": 0.82718
},
{
"left": 0.87243,
"top": 0.75808,
"right": 0.97573,
"bottom": 0.82716
}
]
],
"box": {
"left": 0.01946,
"top": 0.3047,
"right": 0.98049,
"bottom": 0.83244
},
"chunk_id": "table-0",
"job_id": "parse-01m3d75r2z43m45wm2y1e2cagq",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 9,
"kind": "text",
"text": "Real Estate Owned\n",
"box": {
"left": 0.03601,
"top": 0.13068,
"right": 0.30718,
"bottom": 0.17554
},
"chunk_id": "text-0"
},
{
"page": 9,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.7586,
"top": 0.08037,
"right": 0.98163,
"bottom": 0.14857
},
"chunk_id": "logo-0"
},
{
"page": 9,
"kind": "text",
"text": "- At quarter-end, REO asset carrying value of $780.2 million, net equity of $312.9 million; **$174.6 million is unencumbered**.\n- Subsequent to quarter-end, entered into a binding agreement to sell a portion of Multifamily 3 REO for a gross sales price of $48.0 million;\nrelative carrying value at quarter-end of $46.8 million.\n",
"box": {
"left": 0.05284,
"top": 0.20994,
"right": 0.97654,
"bottom": 0.29879
},
"chunk_id": "text-1"
},
{
"page": 9,
"kind": "text",
"text": "Unencumbered REO\n",
"box": {
"left": 0.41393,
"top": 0.83649,
"right": 0.58661,
"bottom": 0.88356
},
"chunk_id": "text-2"
},
{
"page": 9,
"kind": "text",
"text": "See Endnotes in the Appendix.\nTotals may not foot due to rounding.\nA. Assets are financed through a repurchase agreement and are cross collateralized.\nB. Comprised of two multifamily properties which previously served as the collateral for one loan.\nC. In May 2026, we acquired legal title to the underlying collateral asset through a mortgage foreclosure. Carrying value reflects loan receivable carrying value net of specific CECL reserve as of March 31, 2026.\nD. Values as of March 31, 2026, unless otherwise noted.\n",
"box": {
"left": 0.03558,
"top": 0.86529,
"right": 0.94786,
"bottom": 0.95712
},
"chunk_id": "text-3"
},
{
"page": 9,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03468,
"top": 0.96093,
"right": 0.43053,
"bottom": 0.982
},
"chunk_id": "text-4"
},
{
"page": 9,
"kind": "text",
"text": "PAGE 8\n",
"box": {
"left": 0.93567,
"top": 0.96258,
"right": 0.98012,
"bottom": 0.98236
},
"chunk_id": "text-5"
}
]
},
{
"page": 10,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m3d75r40b58yz1p5tzvw19r9",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.9,
"reused": false,
"response_artifact": "52ea7b82e603080b.p10.ade.json",
"figures": [
{
"page": 10,
"text": "A stacked bar chart titled 'Total Available Liquidity' (in millions of dollars) displaying liquidity over three dates: 12/31/25, 3/31/26, and 5/5/26. The chart uses two categories: 'Cash and Cash Equivalents' (dark blue) and 'Approved and Undrawn Credit Capacity' (light blue). The y-axis ranges from $0 to $200 in increments of $20.\n\n| Date | Cash and Cash Equivalents | Approved and Undrawn Credit Capacity | Total |\n| --- | --- | --- | --- |\n| 12/31/25 | $173 | $12 | $185 |\n| 3/31/26 | $117 | $15 | $132 |\n| 5/5/26 | $103 | $13 | $116 |",
"box": {
"left": 0.16059,
"top": 0.33291,
"right": 0.83849,
"bottom": 0.93459
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d75r40b58yz1p5tzvw19r9",
"picture_ref": "#/pictures/17"
}
],
"tables": [],
"context": [
{
"page": 10,
"kind": "text",
"text": "Liquidity Overview\n",
"box": {
"left": 0.034,
"top": 0.12591,
"right": 0.29556,
"bottom": 0.18131
},
"chunk_id": "text-0"
},
{
"page": 10,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75725,
"top": 0.07684,
"right": 0.98355,
"bottom": 0.15272
},
"chunk_id": "logo-0"
},
{
"page": 10,
"kind": "text",
"text": "- ● At quarter-end, total liquidity of $132 million; **at May 5, 2026, total liquidity of $116 million.**7\n- During the quarter, net financings outstanding decreased by $489 million, including $142 million of deleveraging payments (of\nwhich $56 million related to the refinancing of our secured term loan).\n",
"box": {
"left": 0.0521,
"top": 0.20874,
"right": 0.92965,
"bottom": 0.30233
},
"chunk_id": "text-1"
},
{
"page": 10,
"kind": "marginalia",
"text": "See Endnotes in the Appendix.\n",
"box": {
"left": 0.03526,
"top": 0.93857,
"right": 0.17562,
"bottom": 0.95773
},
"chunk_id": "marginalia-0"
},
{
"page": 10,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03456,
"top": 0.96064,
"right": 0.43035,
"bottom": 0.98151
},
"chunk_id": "text-2"
},
{
"page": 10,
"kind": "text",
"text": "PAGE 9\n",
"box": {
"left": 0.93571,
"top": 0.96228,
"right": 0.97956,
"bottom": 0.98233
},
"chunk_id": "text-3"
}
]
},
{
"page": 11,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m3d75r5dted09wesc6gtdpxg",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p11.ade.json",
"figures": [
{
"page": 11,
"text": "This waterfall chart, titled \"Q1 2026 – Financing Activity ($ amounts in millions),\" illustrates the changes in Unpaid Principal Balance (UPB) between December 31, 2025, and March 31, 2026. The chart tracks starting and ending balances through \"Advances\" and \"Repayments.\" The data is categorized by four types of financing: Repurchase agreements and term participation facility (medium blue), Notes payable (olive green), Debt related to real estate owned hotel portfolio (light blue), and Secured term loan (dark blue). A dotted border highlights a portion of the repurchase agreements secured by multifamily REO assets.\n\n| Category | UPB 12/31/25 | Advances | Repayments | UPB 3/31/26 |\n| --- | --- | --- | --- | --- |\n| Repurchase agreements and term participation facility | $2,188 | $11 | $267 | $1,932 |\n| Notes payable | $177 | - | $177 | - |\n| Debt related to real estate owned hotel portfolio | $235 | - | - | $235 |\n| Secured term loan | $556 | $500 | $556 | $500 |\n| Total (with dotted border adjustment) | $3,156 | - | - | $2,667 |",
"box": {
"left": 0.17496,
"top": 0.37038,
"right": 0.99334,
"bottom": 0.89301
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d75r5dted09wesc6gtdpxg",
"picture_ref": "#/pictures/19"
}
],
"tables": [],
"context": [
{
"page": 11,
"kind": "text",
"text": "Financing Activity\n",
"box": {
"left": 0.03456,
"top": 0.1281,
"right": 0.2825,
"bottom": 0.18091
},
"chunk_id": "text-0"
},
{
"page": 11,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.74031,
"top": 0.04566,
"right": 0.99878,
"bottom": 0.18075
},
"chunk_id": "logo-0"
},
{
"page": 11,
"kind": "text",
"text": "○ During the quarter:\n - Closed a new $500 million secured term loan maturing in 2030; proceeds used to fully retire prior secured term loan with a UPB of\n$556 million.\n - Net financings outstanding decreased by $489 million, including $142 million of deleveraging payments.\n",
"box": {
"left": 0.05293,
"top": 0.20945,
"right": 0.95898,
"bottom": 0.33673
},
"chunk_id": "text-1"
},
{
"page": 11,
"kind": "text",
"text": "Totals may not foot due to rounding.\nA. At March 31, 2026, we have no notes payable.\n",
"box": {
"left": 0.03485,
"top": 0.91833,
"right": 0.25452,
"bottom": 0.95429
},
"chunk_id": "text-2"
},
{
"page": 11,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03474,
"top": 0.96006,
"right": 0.4303,
"bottom": 0.98244
},
"chunk_id": "text-3"
},
{
"page": 11,
"kind": "text",
"text": "PAGE 10\n",
"box": {
"left": 0.93054,
"top": 0.96205,
"right": 0.97999,
"bottom": 0.98232
},
"chunk_id": "text-4"
}
]
},
{
"page": 12,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m3d75t0p660e56yphwrapx6x",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.0,
"reused": false,
"response_artifact": "52ea7b82e603080b.p12.ade.json",
"figures": [
{
"page": 12,
"text": "A grouped bar chart titled 'Leverage Ratios 10, 11, 14' showing two metrics: 'Net Debt / Equity Ratio' (represented by light blue bars) and 'Total Leverage Ratio' (represented by dark blue bars) over four distinct quarterly periods from mid-2025 to early 2026. The y-axis ranges from 1.4x to 2.8x. Each bar has its specific value labeled above it.\n\n| Date | Net Debt / Equity Ratio | Total Leverage Ratio |\n| --- | --- | --- |\n| 6/30/25 | 2.2x | 2.6x |\n| 9/30/25 | 1.9x | 2.4x |\n| 12/31/25 | 1.9x | 2.5x |\n| 3/31/26 | 1.7x | 2.2x |",
"box": {
"left": 0.51289,
"top": 0.42326,
"right": 0.93872,
"bottom": 0.8847
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d75t0p660e56yphwrapx6x",
"picture_ref": "#/pictures/21"
}
],
"tables": [
{
"page": 12,
"cells": [
[
"$ amounts in millions",
"Capacity",
"UPB",
"Weighted Average Spread 18"
],
[
"Repurchase agreements and term participation facility",
"$3,638",
"$1,932",
"2.91%"
],
[
"Debt related to real estate owned hotel portfolio",
"$235",
"$235",
"3.18%"
],
[
"Secured term loan",
"$500",
"$500",
"6.75%"
],
[
"Total as of March 31, 2026",
"$4,373",
"$2,667",
"3.65%"
]
],
"cell_boxes": [
[
{
"left": 0.03868,
"top": 0.46322,
"right": 0.22077,
"bottom": 0.5221
},
{
"left": 0.22077,
"top": 0.46323,
"right": 0.28448,
"bottom": 0.52209
},
{
"left": 0.28447,
"top": 0.46323,
"right": 0.35189,
"bottom": 0.52209
},
{
"left": 0.35186,
"top": 0.46323,
"right": 0.47092,
"bottom": 0.52208
}
],
[
{
"left": 0.03871,
"top": 0.52209,
"right": 0.22077,
"bottom": 0.57914
},
{
"left": 0.22076,
"top": 0.52209,
"right": 0.28447,
"bottom": 0.57913
},
{
"left": 0.28445,
"top": 0.52208,
"right": 0.35186,
"bottom": 0.57913
},
{
"left": 0.35182,
"top": 0.52208,
"right": 0.47093,
"bottom": 0.57912
}
],
[
{
"left": 0.03874,
"top": 0.57913,
"right": 0.22076,
"bottom": 0.63686
},
{
"left": 0.22076,
"top": 0.57913,
"right": 0.28445,
"bottom": 0.63686
},
{
"left": 0.28444,
"top": 0.57912,
"right": 0.35182,
"bottom": 0.63686
},
{
"left": 0.35179,
"top": 0.57912,
"right": 0.47094,
"bottom": 0.63686
}
],
[
{
"left": 0.03877,
"top": 0.63686,
"right": 0.22076,
"bottom": 0.69516
},
{
"left": 0.22076,
"top": 0.63686,
"right": 0.28444,
"bottom": 0.69516
},
{
"left": 0.28443,
"top": 0.63686,
"right": 0.35179,
"bottom": 0.69516
},
{
"left": 0.35176,
"top": 0.63686,
"right": 0.47096,
"bottom": 0.69516
}
],
[
{
"left": 0.0388,
"top": 0.69516,
"right": 0.22076,
"bottom": 0.75268
},
{
"left": 0.22075,
"top": 0.69516,
"right": 0.28443,
"bottom": 0.75266
},
{
"left": 0.28442,
"top": 0.69516,
"right": 0.35176,
"bottom": 0.75265
},
{
"left": 0.35173,
"top": 0.69516,
"right": 0.47097,
"bottom": 0.75264
}
]
],
"box": {
"left": 0.03868,
"top": 0.46322,
"right": 0.47097,
"bottom": 0.75268
},
"chunk_id": "table-0",
"job_id": "parse-01m3d75t0p660e56yphwrapx6x",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 12,
"kind": "text",
"text": "Financing Mix and Leverage\n",
"box": {
"left": 0.0342,
"top": 0.12798,
"right": 0.43067,
"bottom": 0.18107
},
"chunk_id": "text-0"
},
{
"page": 12,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.73799,
"top": 0.04373,
"right": 0.99909,
"bottom": 0.18429
},
"chunk_id": "logo-0"
},
{
"page": 12,
"kind": "text",
"text": "- Total financing capacity of $4.4 billion, decrease from $5.2 billion at December 31, 2025.\n- Total financing UPB of $2.7 billion, decrease from $3.2 billion at December 31, 2025.\n- Unused capacity of $1.7 billion, decrease from $2.0 billion at December 31, 2025.\n- Net debt / equity ratio of 1.7x, decrease from 1.9x from December 31, 2025. 10, 14\n- Total leverage ratio of 2.2x, decrease from 2.5x at December 31, 2025. 11, 14\n",
"box": {
"left": 0.05152,
"top": 0.20587,
"right": 0.65376,
"bottom": 0.37797
},
"chunk_id": "text-1"
},
{
"page": 12,
"kind": "text",
"text": "Financing Balances and Weighted Average Spreads",
"box": {
"left": 0.05849,
"top": 0.43111,
"right": 0.42327,
"bottom": 0.45573
},
"chunk_id": "text-2"
},
{
"page": 12,
"kind": "marginalia",
"text": "See Endnotes in the Appendix.\n",
"box": {
"left": 0.03565,
"top": 0.93868,
"right": 0.17493,
"bottom": 0.95788
},
"chunk_id": "marginalia-0"
},
{
"page": 12,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03511,
"top": 0.96073,
"right": 0.42973,
"bottom": 0.98139
},
"chunk_id": "text-3"
},
{
"page": 12,
"kind": "text",
"text": "PAGE 11\n",
"box": {
"left": 0.93066,
"top": 0.96241,
"right": 0.97898,
"bottom": 0.98183
},
"chunk_id": "text-4"
}
]
},
{
"page": 13,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m3d760d875gxax4aqz3vjwhf",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.9,
"reused": false,
"response_artifact": "52ea7b82e603080b.p13.ade.json",
"figures": [
{
"page": 13,
"text": "This is a waterfall chart showing the reconciliation of 'Book Value' per share from 12/31/25 to 3/31/26. The chart starts with a Book Value of $11.33 on the left and ends with $10.83 on the right. Positive adjustments are shown as green bars, and negative adjustments are shown as grey bars. The primary bars at the beginning and end are dark blue, with dashed-line boxes on top representing 'Depreciation/Amortization' and 'General CECL'.\n\n| Category | Value/Adjustment |\n| --- | --- |\n| Book Value 12/31/25 | $11.33 (Total) |\n| - Depreciation/Amortization (Start) | $0.10 |\n| - General CECL (Start) | $0.54 |\n| - Base Book Value (Start) | $10.69 |\n| + Distributable Loss Prior to Realized Losses | $0.05 |\n| - Realized Losses and Non-Cash Items | $0.34 |\n| - RSUs, Warrants, and Other | $0.03 |\n| + Depreciation/Amortization (End) | $0.15 |\n| + General CECL (End) | $0.35 |\n| Book Value 3/31/26 | $10.83 (Total) |",
"box": {
"left": 0.03971,
"top": 0.2165,
"right": 0.95747,
"bottom": 0.92252
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d760d875gxax4aqz3vjwhf",
"picture_ref": "#/pictures/24"
}
],
"tables": [],
"context": [
{
"page": 13,
"kind": "text",
"text": "Book Value per Share Roll-Forward\n",
"box": {
"left": 0.03337,
"top": 0.12597,
"right": 0.52683,
"bottom": 0.17911
},
"chunk_id": "text-0"
},
{
"page": 13,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.73795,
"top": 0.04448,
"right": 0.9989,
"bottom": 0.18457
},
"chunk_id": "logo-0"
},
{
"page": 13,
"kind": "text",
"text": "Totals may not foot due to rounding.\n",
"box": {
"left": 0.03589,
"top": 0.93874,
"right": 0.19629,
"bottom": 0.95799
},
"chunk_id": "text-1"
},
{
"page": 13,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.035,
"top": 0.96131,
"right": 0.42969,
"bottom": 0.98177
},
"chunk_id": "text-2"
},
{
"page": 13,
"kind": "marginalia",
"text": "PAGE 12\n",
"box": {
"left": 0.93058,
"top": 0.96256,
"right": 0.98035,
"bottom": 0.9818
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 14,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d760taad0g6z0ern99b5gk",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p14.ade.json",
"figures": [],
"tables": [
{
"page": 14,
"cells": [
[
"Key Financial Metrics",
"Q1 2026",
"Q4 2025",
"Q3 2025",
"Q2 2025",
"Q1 2025",
"2025"
],
[
"GAAP Net Loss ($MM)",
"$ (54.3)",
"$ (219.2)",
"$ (9.5)",
"$ (181.7)",
"$ (78.6)",
"$ (489.1)"
],
[
"Per Share",
"$ (0.39)",
"$ (1.56)",
"$ (0.07)",
"$ (1.30)",
"$ (0.56)",
"$ (3.49)"
],
[
"Distributable Loss ($MM) 1, 14",
"$ (75.2)",
"$ (101.7)",
"$ (21.5)",
"$ (110.1)",
"$ (35.7)",
"$ (269.0)"
],
[
"Per Share",
"$ (0.52)",
"$ (0.71)",
"$ (0.15)",
"$ (0.77)",
"$ (0.25)",
"$ (1.88)"
],
[
"Distributable (Loss) Earnings prior to realized
gains and losses ($MM) 1, 14
Per Share",
"$ (7.5)",
"$ 2.9",
"$ 5.9",
"$ 14.8",
"$ 11.6",
"$ 35.2"
],
[
"",
"$ (0.05)",
"$ 0.02",
"$ 0.04",
"$ 0.10",
"$ 0.08",
"$ 0.24"
],
[
"Book Value ($MM)",
"$ 1,492.8",
"$ 1,531.9",
"$ 1,748.8",
"$ 1,757.0",
"$ 1,934.6",
""
],
[
"Per Share",
"$ 10.33",
"$ 10.69",
"$ 12.24",
"$ 12.27",
"$ 13.60",
""
],
[
"Adjusted Book Value per Share 14, 19",
"$ 10.83",
"$ 11.33",
"$ 13.28",
"$ 13.27",
"$ 14.64",
""
],
[
"Net Debt / Equity Ratio 10, 14",
"1.7x",
"1.9x",
"1.9x",
"2.2x",
"2.4x",
""
],
[
"Total Leverage Ratio 11, 14",
"2.2x",
"2.5x",
"2.4x",
"2.6x",
"2.8x",
""
]
],
"cell_boxes": [
[
{
"left": 0.03479,
"top": 0.29158,
"right": 0.40205,
"bottom": 0.36375
},
{
"left": 0.40199,
"top": 0.29158,
"right": 0.48831,
"bottom": 0.36375
},
{
"left": 0.4883,
"top": 0.29157,
"right": 0.58371,
"bottom": 0.36375
},
{
"left": 0.58364,
"top": 0.29157,
"right": 0.67866,
"bottom": 0.36375
},
{
"left": 0.67858,
"top": 0.29156,
"right": 0.77471,
"bottom": 0.36375
},
{
"left": 0.77464,
"top": 0.29155,
"right": 0.87148,
"bottom": 0.36375
},
{
"left": 0.87145,
"top": 0.29155,
"right": 0.96607,
"bottom": 0.36375
}
],
[
{
"left": 0.03481,
"top": 0.36374,
"right": 0.40209,
"bottom": 0.40142
},
{
"left": 0.40205,
"top": 0.36375,
"right": 0.48831,
"bottom": 0.40145
},
{
"left": 0.48831,
"top": 0.36375,
"right": 0.58364,
"bottom": 0.40147
},
{
"left": 0.58361,
"top": 0.36375,
"right": 0.67858,
"bottom": 0.40149
},
{
"left": 0.67854,
"top": 0.36375,
"right": 0.77464,
"bottom": 0.40152
},
{
"left": 0.7746,
"top": 0.36375,
"right": 0.87145,
"bottom": 0.40154
},
{
"left": 0.87143,
"top": 0.36375,
"right": 0.96608,
"bottom": 0.40157
}
],
[
{
"left": 0.03482,
"top": 0.40133,
"right": 0.40212,
"bottom": 0.43641
},
{
"left": 0.40209,
"top": 0.40142,
"right": 0.48832,
"bottom": 0.43641
},
{
"left": 0.48831,
"top": 0.40145,
"right": 0.58361,
"bottom": 0.43641
},
{
"left": 0.58358,
"top": 0.40147,
"right": 0.67854,
"bottom": 0.43642
},
{
"left": 0.6785,
"top": 0.40149,
"right": 0.7746,
"bottom": 0.43642
},
{
"left": 0.77457,
"top": 0.40152,
"right": 0.87143,
"bottom": 0.43642
},
{
"left": 0.87142,
"top": 0.40154,
"right": 0.96608,
"bottom": 0.43642
}
],
[
{
"left": 0.03483,
"top": 0.4364,
"right": 0.40215,
"bottom": 0.47431
},
{
"left": 0.40212,
"top": 0.43641,
"right": 0.48832,
"bottom": 0.47427
},
{
"left": 0.48832,
"top": 0.43641,
"right": 0.58358,
"bottom": 0.47427
},
{
"left": 0.58354,
"top": 0.43641,
"right": 0.6785,
"bottom": 0.47426
},
{
"left": 0.67846,
"top": 0.43642,
"right": 0.77457,
"bottom": 0.47425
},
{
"left": 0.77453,
"top": 0.43642,
"right": 0.87142,
"bottom": 0.47424
},
{
"left": 0.8714,
"top": 0.43642,
"right": 0.96609,
"bottom": 0.47423
}
],
[
{
"left": 0.03485,
"top": 0.47427,
"right": 0.40218,
"bottom": 0.50866
},
{
"left": 0.40215,
"top": 0.47427,
"right": 0.48832,
"bottom": 0.50866
},
{
"left": 0.48832,
"top": 0.47426,
"right": 0.58354,
"bottom": 0.50865
},
{
"left": 0.58351,
"top": 0.47425,
"right": 0.67846,
"bottom": 0.50865
},
{
"left": 0.67842,
"top": 0.47424,
"right": 0.77453,
"bottom": 0.50865
},
{
"left": 0.7745,
"top": 0.47423,
"right": 0.8714,
"bottom": 0.50865
},
{
"left": 0.87138,
"top": 0.47422,
"right": 0.9661,
"bottom": 0.50864
}
],
[
{
"left": 0.03486,
"top": 0.50866,
"right": 0.40225,
"bottom": 0.58962
},
{
"left": 0.40218,
"top": 0.50865,
"right": 0.48833,
"bottom": 0.55021
},
{
"left": 0.48832,
"top": 0.50865,
"right": 0.58351,
"bottom": 0.55021
},
{
"left": 0.58347,
"top": 0.50865,
"right": 0.67842,
"bottom": 0.55021
},
{
"left": 0.67837,
"top": 0.50865,
"right": 0.7745,
"bottom": 0.55021
},
{
"left": 0.77445,
"top": 0.50864,
"right": 0.87138,
"bottom": 0.55021
},
{
"left": 0.87137,
"top": 0.50864,
"right": 0.96611,
"bottom": 0.55022
}
],
[
null,
{
"left": 0.40222,
"top": 0.55021,
"right": 0.48833,
"bottom": 0.58963
},
{
"left": 0.48833,
"top": 0.55021,
"right": 0.58347,
"bottom": 0.58965
},
{
"left": 0.58344,
"top": 0.55021,
"right": 0.67837,
"bottom": 0.58966
},
{
"left": 0.67833,
"top": 0.55021,
"right": 0.77445,
"bottom": 0.58967
},
{
"left": 0.77441,
"top": 0.55021,
"right": 0.87137,
"bottom": 0.58968
},
{
"left": 0.87135,
"top": 0.55021,
"right": 0.96612,
"bottom": 0.58969
}
],
[
{
"left": 0.03488,
"top": 0.58958,
"right": 0.40228,
"bottom": 0.6196
},
{
"left": 0.40225,
"top": 0.58962,
"right": 0.48834,
"bottom": 0.61961
},
{
"left": 0.48833,
"top": 0.58963,
"right": 0.58344,
"bottom": 0.61963
},
{
"left": 0.58341,
"top": 0.58965,
"right": 0.67833,
"bottom": 0.61964
},
{
"left": 0.6783,
"top": 0.58966,
"right": 0.77441,
"bottom": 0.61966
},
{
"left": 0.77438,
"top": 0.58967,
"right": 0.87135,
"bottom": 0.61968
},
{
"left": 0.87133,
"top": 0.58968,
"right": 0.96613,
"bottom": 0.61969
}
],
[
{
"left": 0.03489,
"top": 0.61953,
"right": 0.4023,
"bottom": 0.64155
},
{
"left": 0.40228,
"top": 0.6196,
"right": 0.48834,
"bottom": 0.64156
},
{
"left": 0.48834,
"top": 0.61961,
"right": 0.58341,
"bottom": 0.64158
},
{
"left": 0.58339,
"top": 0.61963,
"right": 0.6783,
"bottom": 0.64159
},
{
"left": 0.67827,
"top": 0.61964,
"right": 0.77438,
"bottom": 0.6416
},
{
"left": 0.77436,
"top": 0.61966,
"right": 0.87133,
"bottom": 0.64162
},
{
"left": 0.87132,
"top": 0.61968,
"right": 0.96613,
"bottom": 0.64163
}
],
[
{
"left": 0.0349,
"top": 0.6415,
"right": 0.40232,
"bottom": 0.67042
},
{
"left": 0.4023,
"top": 0.64155,
"right": 0.48834,
"bottom": 0.67041
},
{
"left": 0.48834,
"top": 0.64156,
"right": 0.58339,
"bottom": 0.67041
},
{
"left": 0.58336,
"top": 0.64158,
"right": 0.67827,
"bottom": 0.67041
},
{
"left": 0.67824,
"top": 0.64159,
"right": 0.77436,
"bottom": 0.67041
},
{
"left": 0.77433,
"top": 0.6416,
"right": 0.87132,
"bottom": 0.67041
},
{
"left": 0.87131,
"top": 0.64162,
"right": 0.96614,
"bottom": 0.6704
}
],
[
{
"left": 0.03491,
"top": 0.67041,
"right": 0.40235,
"bottom": 0.70755
},
{
"left": 0.40232,
"top": 0.67041,
"right": 0.48835,
"bottom": 0.70757
},
{
"left": 0.48834,
"top": 0.67041,
"right": 0.58336,
"bottom": 0.70759
},
{
"left": 0.58333,
"top": 0.67041,
"right": 0.67824,
"bottom": 0.70761
},
{
"left": 0.6782,
"top": 0.67041,
"right": 0.77433,
"bottom": 0.70763
},
{
"left": 0.7743,
"top": 0.6704,
"right": 0.87131,
"bottom": 0.70765
},
{
"left": 0.87129,
"top": 0.6704,
"right": 0.96615,
"bottom": 0.70766
}
],
[
{
"left": 0.03492,
"top": 0.70748,
"right": 0.40238,
"bottom": 0.73415
},
{
"left": 0.40235,
"top": 0.70755,
"right": 0.48835,
"bottom": 0.73408
},
{
"left": 0.48835,
"top": 0.70757,
"right": 0.58333,
"bottom": 0.73407
},
{
"left": 0.58331,
"top": 0.70759,
"right": 0.6782,
"bottom": 0.73405
},
{
"left": 0.67817,
"top": 0.70761,
"right": 0.7743,
"bottom": 0.73404
},
{
"left": 0.77427,
"top": 0.70763,
"right": 0.87129,
"bottom": 0.73402
},
{
"left": 0.87128,
"top": 0.70765,
"right": 0.96615,
"bottom": 0.734
}
]
],
"box": {
"left": 0.02855,
"top": 0.28388,
"right": 0.97239,
"bottom": 0.74453
},
"chunk_id": "table-0",
"job_id": "parse-01m3d760taad0g6z0ern99b5gk",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 14,
"kind": "text",
"text": "Financial Overview\n",
"box": {
"left": 0.03439,
"top": 0.12755,
"right": 0.30543,
"bottom": 0.17802
},
"chunk_id": "text-0"
},
{
"page": 14,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.74506,
"top": 0.05413,
"right": 0.99646,
"bottom": 0.18073
},
"chunk_id": "logo-0"
},
{
"page": 14,
"kind": "text",
"text": "- During the quarter, GAAP net loss of $54.3 million, or $0.39 per share; distributable loss of $75.2 million, or $0.52 per share; and\ndistributable loss prior to realized losses of $7.5 million, or $0.05 per share 1, 14\n",
"box": {
"left": 0.05194,
"top": 0.20929,
"right": 0.9153,
"bottom": 0.26741
},
"chunk_id": "text-1"
},
{
"page": 14,
"kind": "text",
"text": "See Endnotes in the Appendix.\nTotals may not foot due to rounding.\n",
"box": {
"left": 0.03559,
"top": 0.92357,
"right": 0.19701,
"bottom": 0.95802
},
"chunk_id": "text-2"
},
{
"page": 14,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03464,
"top": 0.96057,
"right": 0.43039,
"bottom": 0.9819
},
"chunk_id": "text-3"
},
{
"page": 14,
"kind": "text",
"text": "PAGE 13\n",
"box": {
"left": 0.93052,
"top": 0.96212,
"right": 0.98024,
"bottom": 0.98217
},
"chunk_id": "text-4"
}
]
},
{
"page": 15,
"status": "figures",
"reason": "",
"picture_classes": [
"photograph",
"photograph",
"photograph"
],
"table_refs": [],
"job_id": "parse-01m3d760y38ag9jfqw4v9chnqs",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.8,
"reused": false,
"response_artifact": "52ea7b82e603080b.p15.ade.json",
"figures": [
{
"page": 15,
"text": "The figure consists of a triptych of three distinct architectural photographs showcasing different types of buildings and urban developments. The left panel shows an aerial, high-angle view of a large, historic rectangular building with a green roof, featuring a red running track and landscaping, situated near a highway and a river. The center panel displays an eye-level architectural rendering of a modern, multi-story residential or mixed-use building with balconies, large windows, and trees planted in front of the structure, set against a clear blue sky. The right panel depicts a vertical, modern high-rise skyscraper under construction or recently completed, standing prominently in a dense urban skyline during the golden hour, with other buildings surrounding it. At the bottom of the entire figure, there is a disclaimer text:",
"box": {
"left": 0.0,
"top": 0.75492,
"right": 0.73454,
"bottom": 0.98365
},
"chunk_id": "figure-0",
"job_id": "parse-01m3d760y38ag9jfqw4v9chnqs",
"picture_ref": "#/pictures/26"
}
],
"tables": [],
"context": [
{
"page": 15,
"kind": "text",
"text": "Appendix\n",
"box": {
"left": 0.55215,
"top": 0.62742,
"right": 0.70953,
"bottom": 0.68997
},
"chunk_id": "text-0"
},
{
"page": 15,
"kind": "logo",
"text": "A\n",
"box": {
"left": 0.85517,
"top": 0.61734,
"right": 0.9947,
"bottom": 0.76496
},
"chunk_id": "logo-0"
}
]
},
{
"page": 16,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d762mbq7j3v92bawmvsv3a",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.2,
"reused": false,
"response_artifact": "52ea7b82e603080b.p16.ade.json",
"figures": [],
"tables": [
{
"page": 16,
"cells": [
[
"CMTG Watchlist Loan Summary as of March 31, 2026 ($ amounts in millions, except loan basis)",
"",
"",
"",
"",
"",
"",
"",
""
],
[
"Loan 3, 12",
"Carrying
Value 4",
"Unpaid Principal
Balance",
"Loan
Commitment 13",
"Origination Date",
"Property Type",
"Location",
"Loan Basis
(Commitment/CV)A",
"Risk Rating"
],
[
"Loan 1",
"300.0",
"402.3",
"405.0",
"12/16/2021",
"Multifamily",
"CA",
"$1,204,819 / Unit",
"5"
],
[
"Loan 2",
"190.8",
"225.7",
"319.9",
"9/26/2019",
"Office",
"GA",
"$172 / SF",
"5"
],
[
"Loan 6",
"98.0",
"170.0",
"170.0",
"1/14/2022",
"Multifamily",
"CO",
"$215,385 / Unit",
"5"
],
[
"Loan 7",
"120.1",
"157.6",
"157.6",
"1/9/2018",
"Land",
"VA",
"$140 / SF",
"5"
],
[
"Loan 9",
"90.0",
"139.2",
"151.7",
"4/26/2022",
"Multifamily",
"TX",
"$86,789 / Unit",
"5"
],
[
"Loan 16",
"87.9",
"111.5",
"123.9",
"2/13/2020",
"Office",
"CA",
"$421 / SF",
"5"
],
[
"Loan 24",
"39.2",
"66.6",
"80.0",
"8/27/2021",
"Office",
"GA",
"$112 / SF",
"5"
],
[
"Loan 27B",
"22.4",
"25.4",
"28.5",
"2/17/2022",
"Multifamily",
"TX",
"$96,552 / Unit",
"5"
],
[
"Loan 28",
"1.6",
"1.6",
"1.6",
"7/1/2019",
"Other",
"Other",
"n/a",
"5"
],
[
"Loan 8",
"155.0",
"155.0",
"160.0",
"9/8/2022",
"Multifamily",
"AZ",
"$484,848 / Unit",
"4"
],
[
"Loan 11",
"126.5",
"126.5",
"126.5",
"6/17/2022",
"Multifamily",
"TX",
"$135,294 / Unit",
"4"
],
[
"Loan 19",
"91.1",
"91.5",
"93.3",
"8/2/2021",
"Office",
"CA",
"$279 / SF",
"4"
],
[
"Loan 21",
"78.5",
"78.5",
"115.3",
"8/1/2022",
"Hospitality",
"NY",
"$341,197 / Key",
"4"
]
],
"cell_boxes": [
[
{
"left": 0.03202,
"top": 0.19731,
"right": 0.96718,
"bottom": 0.22599
},
null,
null,
null,
null,
null,
null,
null,
null
],
[
{
"left": 0.03202,
"top": 0.22573,
"right": 0.08452,
"bottom": 0.29061
},
{
"left": 0.0845,
"top": 0.22574,
"right": 0.21938,
"bottom": 0.29062
},
{
"left": 0.21931,
"top": 0.22578,
"right": 0.34085,
"bottom": 0.29064
},
{
"left": 0.34074,
"top": 0.22581,
"right": 0.43249,
"bottom": 0.29065
},
{
"left": 0.43234,
"top": 0.22584,
"right": 0.53676,
"bottom": 0.29066
},
{
"left": 0.53658,
"top": 0.22587,
"right": 0.63546,
"bottom": 0.29067
},
{
"left": 0.63529,
"top": 0.2259,
"right": 0.71326,
"bottom": 0.29068
},
{
"left": 0.7131,
"top": 0.22592,
"right": 0.86164,
"bottom": 0.29069
},
{
"left": 0.86159,
"top": 0.22596,
"right": 0.9672,
"bottom": 0.29071
}
],
[
{
"left": 0.03201,
"top": 0.2906,
"right": 0.0845,
"bottom": 0.32296
},
{
"left": 0.08449,
"top": 0.29061,
"right": 0.21931,
"bottom": 0.32298
},
{
"left": 0.21927,
"top": 0.29062,
"right": 0.34074,
"bottom": 0.32299
},
{
"left": 0.34069,
"top": 0.29064,
"right": 0.43234,
"bottom": 0.323
},
{
"left": 0.43226,
"top": 0.29065,
"right": 0.53658,
"bottom": 0.32301
},
{
"left": 0.53649,
"top": 0.29066,
"right": 0.63529,
"bottom": 0.32302
},
{
"left": 0.63521,
"top": 0.29067,
"right": 0.7131,
"bottom": 0.32302
},
{
"left": 0.71302,
"top": 0.29068,
"right": 0.86159,
"bottom": 0.32304
},
{
"left": 0.86157,
"top": 0.29069,
"right": 0.96721,
"bottom": 0.32305
}
],
[
{
"left": 0.03201,
"top": 0.32296,
"right": 0.08449,
"bottom": 0.3554
},
{
"left": 0.08448,
"top": 0.32296,
"right": 0.21927,
"bottom": 0.35541
},
{
"left": 0.21923,
"top": 0.32298,
"right": 0.34069,
"bottom": 0.35542
},
{
"left": 0.34064,
"top": 0.32299,
"right": 0.43226,
"bottom": 0.35543
},
{
"left": 0.43219,
"top": 0.323,
"right": 0.53649,
"bottom": 0.35544
},
{
"left": 0.53641,
"top": 0.32301,
"right": 0.63521,
"bottom": 0.35545
},
{
"left": 0.63512,
"top": 0.32302,
"right": 0.71302,
"bottom": 0.35545
},
{
"left": 0.71294,
"top": 0.32302,
"right": 0.86157,
"bottom": 0.35547
},
{
"left": 0.86154,
"top": 0.32304,
"right": 0.96721,
"bottom": 0.35548
}
],
[
{
"left": 0.03201,
"top": 0.3554,
"right": 0.08448,
"bottom": 0.38775
},
{
"left": 0.08447,
"top": 0.3554,
"right": 0.21923,
"bottom": 0.38776
},
{
"left": 0.2192,
"top": 0.35541,
"right": 0.34064,
"bottom": 0.38777
},
{
"left": 0.34059,
"top": 0.35542,
"right": 0.43219,
"bottom": 0.38778
},
{
"left": 0.43211,
"top": 0.35543,
"right": 0.53641,
"bottom": 0.38779
},
{
"left": 0.53632,
"top": 0.35544,
"right": 0.63512,
"bottom": 0.38779
},
{
"left": 0.63504,
"top": 0.35545,
"right": 0.71294,
"bottom": 0.3878
},
{
"left": 0.71286,
"top": 0.35545,
"right": 0.86154,
"bottom": 0.38781
},
{
"left": 0.86152,
"top": 0.35547,
"right": 0.96722,
"bottom": 0.38782
}
],
[
{
"left": 0.03201,
"top": 0.38775,
"right": 0.08447,
"bottom": 0.42011
},
{
"left": 0.08446,
"top": 0.38775,
"right": 0.2192,
"bottom": 0.42011
},
{
"left": 0.21916,
"top": 0.38776,
"right": 0.34059,
"bottom": 0.42011
},
{
"left": 0.34053,
"top": 0.38777,
"right": 0.43211,
"bottom": 0.42011
},
{
"left": 0.43204,
"top": 0.38778,
"right": 0.53632,
"bottom": 0.42011
},
{
"left": 0.53623,
"top": 0.38779,
"right": 0.63504,
"bottom": 0.42011
},
{
"left": 0.63495,
"top": 0.38779,
"right": 0.71286,
"bottom": 0.42011
},
{
"left": 0.71278,
"top": 0.3878,
"right": 0.86152,
"bottom": 0.42011
},
{
"left": 0.86149,
"top": 0.38781,
"right": 0.96723,
"bottom": 0.42011
}
],
[
{
"left": 0.03201,
"top": 0.42011,
"right": 0.08446,
"bottom": 0.45252
},
{
"left": 0.08445,
"top": 0.42011,
"right": 0.21916,
"bottom": 0.45252
},
{
"left": 0.21912,
"top": 0.42011,
"right": 0.34053,
"bottom": 0.45252
},
{
"left": 0.34048,
"top": 0.42011,
"right": 0.43204,
"bottom": 0.45251
},
{
"left": 0.43196,
"top": 0.42011,
"right": 0.53623,
"bottom": 0.45251
},
{
"left": 0.53614,
"top": 0.42011,
"right": 0.63495,
"bottom": 0.45251
},
{
"left": 0.63487,
"top": 0.42011,
"right": 0.71278,
"bottom": 0.4525
},
{
"left": 0.7127,
"top": 0.42011,
"right": 0.86149,
"bottom": 0.4525
},
{
"left": 0.86147,
"top": 0.42011,
"right": 0.96724,
"bottom": 0.4525
}
],
[
{
"left": 0.03201,
"top": 0.45252,
"right": 0.08445,
"bottom": 0.48478
},
{
"left": 0.08444,
"top": 0.45252,
"right": 0.21912,
"bottom": 0.48478
},
{
"left": 0.21909,
"top": 0.45251,
"right": 0.34048,
"bottom": 0.48477
},
{
"left": 0.34043,
"top": 0.45251,
"right": 0.43196,
"bottom": 0.48476
},
{
"left": 0.43189,
"top": 0.45251,
"right": 0.53614,
"bottom": 0.48476
},
{
"left": 0.53605,
"top": 0.4525,
"right": 0.63487,
"bottom": 0.48475
},
{
"left": 0.63478,
"top": 0.4525,
"right": 0.7127,
"bottom": 0.48475
},
{
"left": 0.71262,
"top": 0.4525,
"right": 0.86147,
"bottom": 0.48475
},
{
"left": 0.86144,
"top": 0.45249,
"right": 0.96725,
"bottom": 0.48474
}
],
[
{
"left": 0.03201,
"top": 0.48478,
"right": 0.08444,
"bottom": 0.51701
},
{
"left": 0.08443,
"top": 0.48477,
"right": 0.21909,
"bottom": 0.517
},
{
"left": 0.21905,
"top": 0.48476,
"right": 0.34043,
"bottom": 0.51698
},
{
"left": 0.34038,
"top": 0.48476,
"right": 0.43189,
"bottom": 0.51696
},
{
"left": 0.43181,
"top": 0.48475,
"right": 0.53605,
"bottom": 0.51694
},
{
"left": 0.53597,
"top": 0.48475,
"right": 0.63478,
"bottom": 0.51693
},
{
"left": 0.6347,
"top": 0.48475,
"right": 0.71262,
"bottom": 0.51691
},
{
"left": 0.71254,
"top": 0.48474,
"right": 0.86144,
"bottom": 0.5169
},
{
"left": 0.86142,
"top": 0.48473,
"right": 0.96726,
"bottom": 0.51688
}
],
[
{
"left": 0.03201,
"top": 0.517,
"right": 0.08443,
"bottom": 0.54954
},
{
"left": 0.08442,
"top": 0.51698,
"right": 0.21905,
"bottom": 0.54953
},
{
"left": 0.21901,
"top": 0.51696,
"right": 0.34038,
"bottom": 0.54951
},
{
"left": 0.34032,
"top": 0.51694,
"right": 0.43181,
"bottom": 0.5495
},
{
"left": 0.43173,
"top": 0.51693,
"right": 0.53597,
"bottom": 0.54949
},
{
"left": 0.53588,
"top": 0.51691,
"right": 0.6347,
"bottom": 0.54947
},
{
"left": 0.63461,
"top": 0.5169,
"right": 0.71254,
"bottom": 0.54946
},
{
"left": 0.71246,
"top": 0.51688,
"right": 0.86142,
"bottom": 0.54945
},
{
"left": 0.8614,
"top": 0.51686,
"right": 0.96726,
"bottom": 0.54943
}
],
[
{
"left": 0.03201,
"top": 0.54953,
"right": 0.08442,
"bottom": 0.58184
},
{
"left": 0.08441,
"top": 0.54951,
"right": 0.21901,
"bottom": 0.58184
},
{
"left": 0.21898,
"top": 0.5495,
"right": 0.34032,
"bottom": 0.58185
},
{
"left": 0.34027,
"top": 0.54949,
"right": 0.43173,
"bottom": 0.58186
},
{
"left": 0.43166,
"top": 0.54947,
"right": 0.53588,
"bottom": 0.58186
},
{
"left": 0.53579,
"top": 0.54946,
"right": 0.63461,
"bottom": 0.58187
},
{
"left": 0.63453,
"top": 0.54945,
"right": 0.71246,
"bottom": 0.58188
},
{
"left": 0.71238,
"top": 0.54943,
"right": 0.8614,
"bottom": 0.58189
},
{
"left": 0.86137,
"top": 0.54942,
"right": 0.96727,
"bottom": 0.58189
}
],
[
{
"left": 0.03201,
"top": 0.58183,
"right": 0.08441,
"bottom": 0.61423
},
{
"left": 0.0844,
"top": 0.58184,
"right": 0.21898,
"bottom": 0.61423
},
{
"left": 0.21894,
"top": 0.58184,
"right": 0.34027,
"bottom": 0.61424
},
{
"left": 0.34022,
"top": 0.58185,
"right": 0.43166,
"bottom": 0.61424
},
{
"left": 0.43158,
"top": 0.58186,
"right": 0.53579,
"bottom": 0.61424
},
{
"left": 0.5357,
"top": 0.58186,
"right": 0.63453,
"bottom": 0.61424
},
{
"left": 0.63444,
"top": 0.58187,
"right": 0.71238,
"bottom": 0.61424
},
{
"left": 0.7123,
"top": 0.58188,
"right": 0.86137,
"bottom": 0.61424
},
{
"left": 0.86135,
"top": 0.58189,
"right": 0.96728,
"bottom": 0.61425
}
],
[
{
"left": 0.03201,
"top": 0.61423,
"right": 0.0844,
"bottom": 0.64653
},
{
"left": 0.08439,
"top": 0.61423,
"right": 0.21894,
"bottom": 0.64653
},
{
"left": 0.2189,
"top": 0.61423,
"right": 0.34022,
"bottom": 0.64653
},
{
"left": 0.34017,
"top": 0.61424,
"right": 0.43158,
"bottom": 0.64652
},
{
"left": 0.43151,
"top": 0.61424,
"right": 0.5357,
"bottom": 0.64652
},
{
"left": 0.53561,
"top": 0.61424,
"right": 0.63444,
"bottom": 0.64652
},
{
"left": 0.63436,
"top": 0.61424,
"right": 0.7123,
"bottom": 0.64651
},
{
"left": 0.71222,
"top": 0.61424,
"right": 0.86135,
"bottom": 0.64651
},
{
"left": 0.86132,
"top": 0.61424,
"right": 0.96729,
"bottom": 0.64651
}
],
[
{
"left": 0.03201,
"top": 0.64653,
"right": 0.08439,
"bottom": 0.67895
},
{
"left": 0.08438,
"top": 0.64653,
"right": 0.2189,
"bottom": 0.67895
},
{
"left": 0.21887,
"top": 0.64652,
"right": 0.34017,
"bottom": 0.67894
},
{
"left": 0.34012,
"top": 0.64652,
"right": 0.43151,
"bottom": 0.67893
},
{
"left": 0.43143,
"top": 0.64652,
"right": 0.53561,
"bottom": 0.67892
},
{
"left": 0.53552,
"top": 0.64651,
"right": 0.63436,
"bottom": 0.67891
},
{
"left": 0.63427,
"top": 0.64651,
"right": 0.71222,
"bottom": 0.67891
},
{
"left": 0.71214,
"top": 0.64651,
"right": 0.86132,
"bottom": 0.6789
},
{
"left": 0.8613,
"top": 0.6465,
"right": 0.9673,
"bottom": 0.67889
}
],
[
{
"left": 0.03201,
"top": 0.67895,
"right": 0.08438,
"bottom": 0.71126
},
{
"left": 0.08437,
"top": 0.67894,
"right": 0.21887,
"bottom": 0.71126
},
{
"left": 0.21883,
"top": 0.67893,
"right": 0.34012,
"bottom": 0.71124
},
{
"left": 0.34006,
"top": 0.67892,
"right": 0.43143,
"bottom": 0.71123
},
{
"left": 0.43136,
"top": 0.67891,
"right": 0.53552,
"bottom": 0.71122
},
{
"left": 0.53544,
"top": 0.67891,
"right": 0.63427,
"bottom": 0.71121
},
{
"left": 0.63418,
"top": 0.6789,
"right": 0.71214,
"bottom": 0.7112
},
{
"left": 0.71206,
"top": 0.67889,
"right": 0.8613,
"bottom": 0.71119
},
{
"left": 0.86128,
"top": 0.67888,
"right": 0.96731,
"bottom": 0.71117
}
]
],
"box": {
"left": 0.02641,
"top": 0.19183,
"right": 0.97334,
"bottom": 0.71889
},
"chunk_id": "table-0",
"job_id": "parse-01m3d762mbq7j3v92bawmvsv3a",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 16,
"kind": "text",
"text": "Watchlist Loans\n",
"box": {
"left": 0.03279,
"top": 0.12749,
"right": 0.26123,
"bottom": 0.17676
},
"chunk_id": "text-0"
},
{
"page": 16,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.73775,
"top": 0.04441,
"right": 0.9987,
"bottom": 0.18501
},
"chunk_id": "logo-0"
},
{
"page": 16,
"kind": "text",
"text": "Loan resolved after quarter-end\n",
"box": {
"left": 0.37174,
"top": 0.7929,
"right": 0.62881,
"bottom": 0.84177
},
"chunk_id": "text-1"
},
{
"page": 16,
"kind": "text",
"text": "A. For risk rated 5 loans, based on carrying value net of specific CECL reserves. For risk rated 4 loans, based on whole loan commitment value.\nB. Loan resolved after quarter-end. See pages 2 and 7 for further detail.\n",
"box": {
"left": 0.03475,
"top": 0.91998,
"right": 0.6623,
"bottom": 0.95548
},
"chunk_id": "text-2"
},
{
"page": 16,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03398,
"top": 0.95999,
"right": 0.4317,
"bottom": 0.98299
},
"chunk_id": "text-3"
},
{
"page": 16,
"kind": "marginalia",
"text": "PAGE 15\n",
"box": {
"left": 0.92944,
"top": 0.9615,
"right": 0.98171,
"bottom": 0.98288
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 17,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d762yxx4f60k7a7rxnwbqw",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.5,
"reused": false,
"response_artifact": "52ea7b82e603080b.p17.ade.json",
"figures": [],
"tables": [
{
"page": 17,
"cells": [
[
"Loan3, 12",
"Carrying Value4",
"Unpaid Principal Balance",
"Loan Commitment13",
"Origination Date",
"Property Type",
"Location",
"Loan Type",
"Construction",
"Risk Rating"
],
[
"Loan 1",
"300.0",
"402.3",
"405.0",
"12/16/2021",
"Multifamily",
"CA",
"Senior",
"-",
"5"
],
[
"Loan 2",
"190.8",
"225.7",
"319.9",
"9/26/2019",
"Office",
"GA",
"Senior",
"-",
"5"
],
[
"Loan 3",
"224.5",
"225.1",
"224.8",
"6/30/2022",
"Hospitality",
"CA",
"Senior",
"-",
"3"
],
[
"Loan 4",
"220.4",
"219.0",
"219.0",
"7/12/2018",
"Hospitality",
"NY",
"Senior",
"-",
"3"
],
[
"Loan 5",
"179.8",
"179.8",
"187.5",
"4/14/2022",
"Multifamily",
"MI",
"Senior",
"-",
"3"
],
[
"Loan 6",
"98.0",
"170.0",
"170.0",
"1/14/2022",
"Multifamily",
"CO",
"Senior",
"-",
"5"
],
[
"Loan 7",
"120.1",
"157.6",
"157.6",
"1/9/2018",
"Land",
"VA",
"Senior",
"-",
"5"
],
[
"Loan 8",
"155.0",
"155.0",
"160.0",
"9/8/2022",
"Multifamily",
"AZ",
"Senior",
"-",
"4"
],
[
"Loan 9",
"90.0",
"139.2",
"151.7",
"4/26/2022",
"Multifamily",
"TX",
"Senior",
"-",
"5"
],
[
"Loan 10",
"129.8",
"130.0",
"130.0",
"12/10/2021",
"Multifamily",
"VA",
"Senior",
"–",
"2"
],
[
"Loan 11",
"126.5",
"126.5",
"126.5",
"6/17/2022",
"Multifamily",
"TX",
"Senior",
"–",
"4"
],
[
"Loan 12",
"125.0",
"125.0",
"125.0",
"12/9/2021",
"Office",
"IL",
"Subordinate",
"–",
"3"
],
[
"Loan 13",
"118.0",
"118.1",
"124.2",
"11/4/2022",
"Mixed-use",
"MA",
"Senior",
"Y",
"3"
],
[
"Loan 14",
"115.0",
"115.5",
"117.3",
"4/29/2019",
"Mixed-use",
"NY",
"Senior",
"–",
"3"
],
[
"Loan 15",
"113.8",
"113.5",
"113.5",
"7/20/2021",
"Multifamily",
"IL",
"Senior",
"—",
"3"
],
[
"Loan 16",
"87.9",
"111.5",
"123.9",
"2/13/2020",
"Office",
"CA",
"Senior",
"—",
"5"
],
[
"Loan 17",
"109.5",
"109.6",
"109.6",
"12/21/2022",
"Multifamily",
"WA",
"Senior",
"—",
"3"
],
[
"Loan 18",
"101.8",
"102.4",
"104.5",
"7/30/2024",
"Retail",
"NJ",
"Senior",
"—",
"3"
],
[
"Loan 19",
"91.1",
"91.5",
"93.3",
"8/2/2021",
"Office",
"CA",
"Senior",
"—",
"4"
],
[
"Loan 20",
"86.0",
"86.0",
"86.0",
"12/15/2021",
"Mixed-use",
"TN",
"Senior",
"–",
"3"
]
],
"cell_boxes": [
[
{
"left": 0.03094,
"top": 0.24084,
"right": 0.08292,
"bottom": 0.29007
},
{
"left": 0.08291,
"top": 0.24084,
"right": 0.21932,
"bottom": 0.29008
},
{
"left": 0.21929,
"top": 0.24083,
"right": 0.34116,
"bottom": 0.29009
},
{
"left": 0.34112,
"top": 0.24083,
"right": 0.43318,
"bottom": 0.2901
},
{
"left": 0.43312,
"top": 0.24083,
"right": 0.53751,
"bottom": 0.29011
},
{
"left": 0.53744,
"top": 0.24082,
"right": 0.63703,
"bottom": 0.29012
},
{
"left": 0.63696,
"top": 0.24082,
"right": 0.71504,
"bottom": 0.29012
},
{
"left": 0.71497,
"top": 0.24082,
"right": 0.80096,
"bottom": 0.29013
},
{
"left": 0.80089,
"top": 0.24081,
"right": 0.88578,
"bottom": 0.29013
},
{
"left": 0.88573,
"top": 0.24081,
"right": 0.96706,
"bottom": 0.29014
}
],
[
{
"left": 0.03094,
"top": 0.29007,
"right": 0.08291,
"bottom": 0.32235
},
{
"left": 0.08291,
"top": 0.29007,
"right": 0.21929,
"bottom": 0.32236
},
{
"left": 0.21927,
"top": 0.29008,
"right": 0.34112,
"bottom": 0.32238
},
{
"left": 0.34109,
"top": 0.29009,
"right": 0.43312,
"bottom": 0.32239
},
{
"left": 0.43308,
"top": 0.2901,
"right": 0.53744,
"bottom": 0.3224
},
{
"left": 0.5374,
"top": 0.29011,
"right": 0.63696,
"bottom": 0.32242
},
{
"left": 0.63692,
"top": 0.29012,
"right": 0.71497,
"bottom": 0.32243
},
{
"left": 0.71492,
"top": 0.29012,
"right": 0.80089,
"bottom": 0.32244
},
{
"left": 0.80084,
"top": 0.29013,
"right": 0.88573,
"bottom": 0.32245
},
{
"left": 0.8857,
"top": 0.29013,
"right": 0.96706,
"bottom": 0.32246
}
],
[
{
"left": 0.03094,
"top": 0.32234,
"right": 0.08291,
"bottom": 0.35471
},
{
"left": 0.08291,
"top": 0.32235,
"right": 0.21927,
"bottom": 0.35473
},
{
"left": 0.21926,
"top": 0.32236,
"right": 0.34109,
"bottom": 0.35474
},
{
"left": 0.34107,
"top": 0.32238,
"right": 0.43308,
"bottom": 0.35475
},
{
"left": 0.43304,
"top": 0.32239,
"right": 0.5374,
"bottom": 0.35477
},
{
"left": 0.53735,
"top": 0.3224,
"right": 0.63692,
"bottom": 0.35478
},
{
"left": 0.63688,
"top": 0.32242,
"right": 0.71492,
"bottom": 0.35479
},
{
"left": 0.71487,
"top": 0.32243,
"right": 0.80084,
"bottom": 0.3548
},
{
"left": 0.8008,
"top": 0.32244,
"right": 0.8857,
"bottom": 0.35481
},
{
"left": 0.88567,
"top": 0.32245,
"right": 0.96706,
"bottom": 0.35482
}
],
[
{
"left": 0.03093,
"top": 0.3547,
"right": 0.08291,
"bottom": 0.38716
},
{
"left": 0.0829,
"top": 0.35471,
"right": 0.21926,
"bottom": 0.38717
},
{
"left": 0.21924,
"top": 0.35473,
"right": 0.34107,
"bottom": 0.38717
},
{
"left": 0.34104,
"top": 0.35474,
"right": 0.43304,
"bottom": 0.38718
},
{
"left": 0.433,
"top": 0.35475,
"right": 0.53735,
"bottom": 0.38719
},
{
"left": 0.53731,
"top": 0.35477,
"right": 0.63688,
"bottom": 0.38719
},
{
"left": 0.63684,
"top": 0.35478,
"right": 0.71487,
"bottom": 0.3872
},
{
"left": 0.71483,
"top": 0.35479,
"right": 0.8008,
"bottom": 0.38721
},
{
"left": 0.80075,
"top": 0.3548,
"right": 0.88567,
"bottom": 0.38721
},
{
"left": 0.88564,
"top": 0.35481,
"right": 0.96706,
"bottom": 0.38722
}
],
[
{
"left": 0.03093,
"top": 0.38715,
"right": 0.0829,
"bottom": 0.41945
},
{
"left": 0.0829,
"top": 0.38716,
"right": 0.21924,
"bottom": 0.41948
},
{
"left": 0.21922,
"top": 0.38717,
"right": 0.34104,
"bottom": 0.41951
},
{
"left": 0.34101,
"top": 0.38717,
"right": 0.433,
"bottom": 0.41953
},
{
"left": 0.43296,
"top": 0.38718,
"right": 0.53731,
"bottom": 0.41955
},
{
"left": 0.53726,
"top": 0.38719,
"right": 0.63684,
"bottom": 0.41957
},
{
"left": 0.6368,
"top": 0.38719,
"right": 0.71483,
"bottom": 0.41959
},
{
"left": 0.71478,
"top": 0.3872,
"right": 0.80075,
"bottom": 0.4196
},
{
"left": 0.8007,
"top": 0.38721,
"right": 0.88564,
"bottom": 0.41962
},
{
"left": 0.8856,
"top": 0.38721,
"right": 0.96706,
"bottom": 0.41964
}
],
[
{
"left": 0.03093,
"top": 0.41944,
"right": 0.0829,
"bottom": 0.45197
},
{
"left": 0.08289,
"top": 0.41945,
"right": 0.21922,
"bottom": 0.45198
},
{
"left": 0.2192,
"top": 0.41948,
"right": 0.34101,
"bottom": 0.45199
},
{
"left": 0.34098,
"top": 0.41951,
"right": 0.43296,
"bottom": 0.452
},
{
"left": 0.43292,
"top": 0.41953,
"right": 0.53726,
"bottom": 0.45201
},
{
"left": 0.53722,
"top": 0.41955,
"right": 0.6368,
"bottom": 0.45202
},
{
"left": 0.63676,
"top": 0.41957,
"right": 0.71478,
"bottom": 0.45202
},
{
"left": 0.71473,
"top": 0.41959,
"right": 0.8007,
"bottom": 0.45203
},
{
"left": 0.80066,
"top": 0.4196,
"right": 0.8856,
"bottom": 0.45204
},
{
"left": 0.88557,
"top": 0.41962,
"right": 0.96706,
"bottom": 0.45205
}
],
[
{
"left": 0.03092,
"top": 0.45197,
"right": 0.08289,
"bottom": 0.48443
},
{
"left": 0.08289,
"top": 0.45197,
"right": 0.2192,
"bottom": 0.48442
},
{
"left": 0.21918,
"top": 0.45198,
"right": 0.34098,
"bottom": 0.48442
},
{
"left": 0.34096,
"top": 0.45199,
"right": 0.43292,
"bottom": 0.48441
},
{
"left": 0.43288,
"top": 0.452,
"right": 0.53722,
"bottom": 0.48441
},
{
"left": 0.53717,
"top": 0.45201,
"right": 0.63676,
"bottom": 0.48441
},
{
"left": 0.63671,
"top": 0.45202,
"right": 0.71473,
"bottom": 0.4844
},
{
"left": 0.71469,
"top": 0.45202,
"right": 0.80066,
"bottom": 0.4844
},
{
"left": 0.80061,
"top": 0.45203,
"right": 0.88557,
"bottom": 0.4844
},
{
"left": 0.88554,
"top": 0.45204,
"right": 0.96706,
"bottom": 0.48439
}
],
[
{
"left": 0.03092,
"top": 0.48442,
"right": 0.08289,
"bottom": 0.51664
},
{
"left": 0.08289,
"top": 0.48442,
"right": 0.21918,
"bottom": 0.51665
},
{
"left": 0.21917,
"top": 0.48441,
"right": 0.34096,
"bottom": 0.51666
},
{
"left": 0.34093,
"top": 0.48441,
"right": 0.43288,
"bottom": 0.51666
},
{
"left": 0.43284,
"top": 0.48441,
"right": 0.53717,
"bottom": 0.51667
},
{
"left": 0.53712,
"top": 0.4844,
"right": 0.63671,
"bottom": 0.51667
},
{
"left": 0.63667,
"top": 0.4844,
"right": 0.71469,
"bottom": 0.51668
},
{
"left": 0.71464,
"top": 0.4844,
"right": 0.80061,
"bottom": 0.51668
},
{
"left": 0.80056,
"top": 0.48439,
"right": 0.88554,
"bottom": 0.51669
},
{
"left": 0.88551,
"top": 0.48439,
"right": 0.96706,
"bottom": 0.51669
}
],
[
{
"left": 0.03092,
"top": 0.51664,
"right": 0.08289,
"bottom": 0.54898
},
{
"left": 0.08288,
"top": 0.51664,
"right": 0.21917,
"bottom": 0.549
},
{
"left": 0.21915,
"top": 0.51665,
"right": 0.34093,
"bottom": 0.54902
},
{
"left": 0.3409,
"top": 0.51666,
"right": 0.43284,
"bottom": 0.54903
},
{
"left": 0.4328,
"top": 0.51666,
"right": 0.53712,
"bottom": 0.54904
},
{
"left": 0.53708,
"top": 0.51667,
"right": 0.63667,
"bottom": 0.54906
},
{
"left": 0.63663,
"top": 0.51667,
"right": 0.71464,
"bottom": 0.54907
},
{
"left": 0.7146,
"top": 0.51668,
"right": 0.80056,
"bottom": 0.54908
},
{
"left": 0.80052,
"top": 0.51668,
"right": 0.88551,
"bottom": 0.54909
},
{
"left": 0.88548,
"top": 0.51669,
"right": 0.96705,
"bottom": 0.5491
}
],
[
{
"left": 0.03091,
"top": 0.54897,
"right": 0.08288,
"bottom": 0.5813
},
{
"left": 0.08288,
"top": 0.54898,
"right": 0.21915,
"bottom": 0.58133
},
{
"left": 0.21913,
"top": 0.549,
"right": 0.3409,
"bottom": 0.58135
},
{
"left": 0.34087,
"top": 0.54902,
"right": 0.4328,
"bottom": 0.58136
},
{
"left": 0.43276,
"top": 0.54903,
"right": 0.53708,
"bottom": 0.58138
},
{
"left": 0.53703,
"top": 0.54904,
"right": 0.63663,
"bottom": 0.5814
},
{
"left": 0.63659,
"top": 0.54906,
"right": 0.7146,
"bottom": 0.58141
},
{
"left": 0.71455,
"top": 0.54907,
"right": 0.80052,
"bottom": 0.58142
},
{
"left": 0.80047,
"top": 0.54908,
"right": 0.88548,
"bottom": 0.58144
},
{
"left": 0.88544,
"top": 0.54909,
"right": 0.96705,
"bottom": 0.58145
}
],
[
{
"left": 0.03091,
"top": 0.5813,
"right": 0.08288,
"bottom": 0.61373
},
{
"left": 0.08287,
"top": 0.5813,
"right": 0.21913,
"bottom": 0.61375
},
{
"left": 0.21911,
"top": 0.58133,
"right": 0.34087,
"bottom": 0.61378
},
{
"left": 0.34084,
"top": 0.58135,
"right": 0.43276,
"bottom": 0.61379
},
{
"left": 0.43272,
"top": 0.58136,
"right": 0.53703,
"bottom": 0.61381
},
{
"left": 0.53699,
"top": 0.58138,
"right": 0.63659,
"bottom": 0.61383
},
{
"left": 0.63655,
"top": 0.5814,
"right": 0.71455,
"bottom": 0.61385
},
{
"left": 0.7145,
"top": 0.58141,
"right": 0.80047,
"bottom": 0.61386
},
{
"left": 0.80042,
"top": 0.58142,
"right": 0.88544,
"bottom": 0.61388
},
{
"left": 0.88541,
"top": 0.58144,
"right": 0.96705,
"bottom": 0.61389
}
],
[
{
"left": 0.03091,
"top": 0.61372,
"right": 0.08287,
"bottom": 0.64612
},
{
"left": 0.08287,
"top": 0.61373,
"right": 0.21911,
"bottom": 0.64614
},
{
"left": 0.21909,
"top": 0.61375,
"right": 0.34084,
"bottom": 0.64615
},
{
"left": 0.34082,
"top": 0.61378,
"right": 0.43272,
"bottom": 0.64617
},
{
"left": 0.43268,
"top": 0.61379,
"right": 0.53699,
"bottom": 0.64618
},
{
"left": 0.53694,
"top": 0.61381,
"right": 0.63655,
"bottom": 0.64619
},
{
"left": 0.63651,
"top": 0.61383,
"right": 0.7145,
"bottom": 0.6462
},
{
"left": 0.71446,
"top": 0.61385,
"right": 0.80042,
"bottom": 0.64621
},
{
"left": 0.80037,
"top": 0.61386,
"right": 0.88541,
"bottom": 0.64623
},
{
"left": 0.88538,
"top": 0.61388,
"right": 0.96705,
"bottom": 0.64624
}
],
[
{
"left": 0.0309,
"top": 0.64611,
"right": 0.08287,
"bottom": 0.67843
},
{
"left": 0.08287,
"top": 0.64612,
"right": 0.21909,
"bottom": 0.67844
},
{
"left": 0.21908,
"top": 0.64614,
"right": 0.34082,
"bottom": 0.67845
},
{
"left": 0.34079,
"top": 0.64615,
"right": 0.43268,
"bottom": 0.67846
},
{
"left": 0.43264,
"top": 0.64617,
"right": 0.53694,
"bottom": 0.67847
},
{
"left": 0.5369,
"top": 0.64618,
"right": 0.63651,
"bottom": 0.67848
},
{
"left": 0.63646,
"top": 0.64619,
"right": 0.71446,
"bottom": 0.67849
},
{
"left": 0.71441,
"top": 0.6462,
"right": 0.80037,
"bottom": 0.6785
},
{
"left": 0.80033,
"top": 0.64621,
"right": 0.88538,
"bottom": 0.67851
},
{
"left": 0.88535,
"top": 0.64623,
"right": 0.96705,
"bottom": 0.67852
}
],
[
{
"left": 0.0309,
"top": 0.67842,
"right": 0.08287,
"bottom": 0.71077
},
{
"left": 0.08286,
"top": 0.67843,
"right": 0.21908,
"bottom": 0.71078
},
{
"left": 0.21906,
"top": 0.67844,
"right": 0.34079,
"bottom": 0.71079
},
{
"left": 0.34076,
"top": 0.67845,
"right": 0.43264,
"bottom": 0.7108
},
{
"left": 0.4326,
"top": 0.67846,
"right": 0.5369,
"bottom": 0.7108
},
{
"left": 0.53685,
"top": 0.67847,
"right": 0.63646,
"bottom": 0.71081
},
{
"left": 0.63642,
"top": 0.67848,
"right": 0.71441,
"bottom": 0.71082
},
{
"left": 0.71437,
"top": 0.67849,
"right": 0.80033,
"bottom": 0.71083
},
{
"left": 0.80028,
"top": 0.6785,
"right": 0.88535,
"bottom": 0.71083
},
{
"left": 0.88532,
"top": 0.67851,
"right": 0.96705,
"bottom": 0.71084
}
],
[
{
"left": 0.0309,
"top": 0.71076,
"right": 0.08286,
"bottom": 0.74307
},
{
"left": 0.08286,
"top": 0.71077,
"right": 0.21906,
"bottom": 0.74308
},
{
"left": 0.21904,
"top": 0.71078,
"right": 0.34076,
"bottom": 0.74309
},
{
"left": 0.34073,
"top": 0.71079,
"right": 0.4326,
"bottom": 0.7431
},
{
"left": 0.43256,
"top": 0.7108,
"right": 0.53685,
"bottom": 0.74311
},
{
"left": 0.53681,
"top": 0.7108,
"right": 0.63642,
"bottom": 0.74312
},
{
"left": 0.63638,
"top": 0.71081,
"right": 0.71437,
"bottom": 0.74312
},
{
"left": 0.71432,
"top": 0.71082,
"right": 0.80028,
"bottom": 0.74313
},
{
"left": 0.80023,
"top": 0.71083,
"right": 0.88532,
"bottom": 0.74314
},
{
"left": 0.88529,
"top": 0.71083,
"right": 0.96705,
"bottom": 0.74314
}
],
[
{
"left": 0.03089,
"top": 0.74307,
"right": 0.08286,
"bottom": 0.7755
},
{
"left": 0.08286,
"top": 0.74307,
"right": 0.21904,
"bottom": 0.77551
},
{
"left": 0.21902,
"top": 0.74308,
"right": 0.34073,
"bottom": 0.77551
},
{
"left": 0.34071,
"top": 0.74309,
"right": 0.43256,
"bottom": 0.77551
},
{
"left": 0.43252,
"top": 0.7431,
"right": 0.53681,
"bottom": 0.77551
},
{
"left": 0.53676,
"top": 0.74311,
"right": 0.63638,
"bottom": 0.77551
},
{
"left": 0.63634,
"top": 0.74312,
"right": 0.71432,
"bottom": 0.77551
},
{
"left": 0.71427,
"top": 0.74312,
"right": 0.80023,
"bottom": 0.77551
},
{
"left": 0.80019,
"top": 0.74313,
"right": 0.88529,
"bottom": 0.77551
},
{
"left": 0.88525,
"top": 0.74314,
"right": 0.96705,
"bottom": 0.77551
}
],
[
{
"left": 0.03089,
"top": 0.7755,
"right": 0.08286,
"bottom": 0.80793
},
{
"left": 0.08285,
"top": 0.7755,
"right": 0.21902,
"bottom": 0.80795
},
{
"left": 0.21901,
"top": 0.77551,
"right": 0.34071,
"bottom": 0.80796
},
{
"left": 0.34068,
"top": 0.77551,
"right": 0.43252,
"bottom": 0.80797
},
{
"left": 0.43248,
"top": 0.77551,
"right": 0.53676,
"bottom": 0.80798
},
{
"left": 0.53671,
"top": 0.77551,
"right": 0.63634,
"bottom": 0.808
},
{
"left": 0.6363,
"top": 0.77551,
"right": 0.71427,
"bottom": 0.80801
},
{
"left": 0.71423,
"top": 0.77551,
"right": 0.80019,
"bottom": 0.80802
},
{
"left": 0.80014,
"top": 0.77551,
"right": 0.88525,
"bottom": 0.80803
},
{
"left": 0.88522,
"top": 0.77551,
"right": 0.96704,
"bottom": 0.80804
}
],
[
{
"left": 0.03089,
"top": 0.80792,
"right": 0.08285,
"bottom": 0.84034
},
{
"left": 0.08285,
"top": 0.80793,
"right": 0.21901,
"bottom": 0.84035
},
{
"left": 0.21899,
"top": 0.80795,
"right": 0.34068,
"bottom": 0.84036
},
{
"left": 0.34065,
"top": 0.80796,
"right": 0.43248,
"bottom": 0.84037
},
{
"left": 0.43244,
"top": 0.80797,
"right": 0.53671,
"bottom": 0.84037
},
{
"left": 0.53667,
"top": 0.80798,
"right": 0.6363,
"bottom": 0.84038
},
{
"left": 0.63626,
"top": 0.808,
"right": 0.71423,
"bottom": 0.84038
},
{
"left": 0.71418,
"top": 0.80801,
"right": 0.80014,
"bottom": 0.84039
},
{
"left": 0.80009,
"top": 0.80802,
"right": 0.88522,
"bottom": 0.84039
},
{
"left": 0.88519,
"top": 0.80803,
"right": 0.96704,
"bottom": 0.8404
}
],
[
{
"left": 0.03088,
"top": 0.84034,
"right": 0.08285,
"bottom": 0.87272
},
{
"left": 0.08284,
"top": 0.84034,
"right": 0.21899,
"bottom": 0.87272
},
{
"left": 0.21897,
"top": 0.84035,
"right": 0.34065,
"bottom": 0.87272
},
{
"left": 0.34062,
"top": 0.84036,
"right": 0.43244,
"bottom": 0.87273
},
{
"left": 0.4324,
"top": 0.84037,
"right": 0.53667,
"bottom": 0.87273
},
{
"left": 0.53662,
"top": 0.84037,
"right": 0.63626,
"bottom": 0.87273
},
{
"left": 0.63622,
"top": 0.84038,
"right": 0.71418,
"bottom": 0.87273
},
{
"left": 0.71413,
"top": 0.84038,
"right": 0.80009,
"bottom": 0.87274
},
{
"left": 0.80005,
"top": 0.84039,
"right": 0.88519,
"bottom": 0.87274
},
{
"left": 0.88516,
"top": 0.84039,
"right": 0.96704,
"bottom": 0.87274
}
],
[
{
"left": 0.03088,
"top": 0.87272,
"right": 0.08284,
"bottom": 0.90502
},
{
"left": 0.08284,
"top": 0.87272,
"right": 0.21897,
"bottom": 0.90502
},
{
"left": 0.21895,
"top": 0.87272,
"right": 0.34062,
"bottom": 0.90501
},
{
"left": 0.3406,
"top": 0.87272,
"right": 0.4324,
"bottom": 0.90501
},
{
"left": 0.43236,
"top": 0.87273,
"right": 0.53662,
"bottom": 0.90501
},
{
"left": 0.53658,
"top": 0.87273,
"right": 0.63622,
"bottom": 0.90501
},
{
"left": 0.63617,
"top": 0.87273,
"right": 0.71413,
"bottom": 0.90501
},
{
"left": 0.71409,
"top": 0.87273,
"right": 0.80005,
"bottom": 0.905
},
{
"left": 0.8,
"top": 0.87274,
"right": 0.88516,
"bottom": 0.905
},
{
"left": 0.88513,
"top": 0.87274,
"right": 0.96704,
"bottom": 0.905
}
],
[
{
"left": 0.03088,
"top": 0.90502,
"right": 0.08284,
"bottom": 0.93716
},
{
"left": 0.08284,
"top": 0.90501,
"right": 0.21895,
"bottom": 0.93716
},
{
"left": 0.21893,
"top": 0.90501,
"right": 0.3406,
"bottom": 0.93715
},
{
"left": 0.34057,
"top": 0.90501,
"right": 0.43236,
"bottom": 0.93714
},
{
"left": 0.43232,
"top": 0.90501,
"right": 0.53658,
"bottom": 0.93713
},
{
"left": 0.53653,
"top": 0.90501,
"right": 0.63617,
"bottom": 0.93713
},
{
"left": 0.63613,
"top": 0.905,
"right": 0.71409,
"bottom": 0.93712
},
{
"left": 0.71404,
"top": 0.905,
"right": 0.8,
"bottom": 0.93711
},
{
"left": 0.79995,
"top": 0.905,
"right": 0.88513,
"bottom": 0.93711
},
{
"left": 0.8851,
"top": 0.905,
"right": 0.96704,
"bottom": 0.9371
}
]
],
"box": {
"left": 0.02536,
"top": 0.2366,
"right": 0.97319,
"bottom": 0.94699
},
"chunk_id": "table-0",
"job_id": "parse-01m3d762yxx4f60k7a7rxnwbqw",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 17,
"kind": "text",
"text": "Portfolio Details\n",
"box": {
"left": 0.0335,
"top": 0.12948,
"right": 0.2595,
"bottom": 0.17807
},
"chunk_id": "text-0"
},
{
"page": 17,
"kind": "text",
"text": "CMTG Portfolio Details by Unpaid Principal Balance as of March 31, 2026 ($ amounts in millions)\n",
"box": {
"left": 0.02846,
"top": 0.19312,
"right": 0.97222,
"bottom": 0.22957
},
"chunk_id": "text-1"
},
{
"page": 17,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03413,
"top": 0.96051,
"right": 0.43075,
"bottom": 0.98269
},
"chunk_id": "text-2"
},
{
"page": 17,
"kind": "marginalia",
"text": "PAGE 16\n",
"box": {
"left": 0.93063,
"top": 0.96237,
"right": 0.98017,
"bottom": 0.98223
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 18,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d764xhf5s9qs1n6jx3z3z7",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.2,
"reused": false,
"response_artifact": "52ea7b82e603080b.p18.ade.json",
"figures": [],
"tables": [
{
"page": 18,
"cells": [
[
"CMTG Portfolio Details by Unpaid Principal Balance as of March 31, 2026 ($ amounts in millions)",
"",
"",
"",
"",
"",
"",
"",
"",
""
],
[
"Loan3, 12",
"Carrying Value4",
"Unpaid Principal Balance",
"Loan Commitment13",
"Origination Date",
"Property Type",
"Location",
"Loan Type",
"Construction",
"Risk Rating"
],
[
"Loan 21A",
"78.5",
"78.5",
"115.3",
"8/1/2022",
"Hospitality",
"NY",
"Senior",
"Y",
"4"
],
[
"Loan 22",
"75.6",
"75.6",
"75.6",
"7/27/2022",
"Multifamily",
"UT",
"Senior",
"-",
"3"
],
[
"Loan 23",
"68.6",
"68.7",
"73.7",
"1/19/2022",
"Hospitality",
"TN",
"Senior",
"-",
"3"
],
[
"Loan 24",
"39.2",
"66.6",
"80.0",
"8/27/2021",
"Office",
"GA",
"Senior",
"-",
"5"
],
[
"Loan 25",
"50.0",
"50.0",
"50.0",
"4/5/2019",
"Retail",
"NY",
"Senior",
"-",
"3"
],
[
"Loan 26",
"36.3",
"36.3",
"36.3",
"4/5/2019",
"Other",
"Other",
"Senior",
"-",
"3"
],
[
"Loan 27B",
"22.4",
"25.4",
"28.5",
"2/17/2022",
"Multifamily",
"TX",
"Senior",
"-",
"5"
],
[
"Loan 28",
"1.6",
"1.6",
"1.6",
"7/1/2019",
"Other",
"Other",
"Senior",
"-",
"5"
],
[
"Total / Wtd. Avg.",
"3, 12 $3,155",
"2 $3,506.0",
"$3,710.3",
"",
"",
"",
"",
"6%5",
""
]
],
"cell_boxes": [
[
{
"left": 0.03204,
"top": 0.19751,
"right": 0.96762,
"bottom": 0.22613
},
null,
null,
null,
null,
null,
null,
null,
null,
null
],
[
{
"left": 0.03205,
"top": 0.22612,
"right": 0.12391,
"bottom": 0.29033
},
{
"left": 0.12323,
"top": 0.22611,
"right": 0.20764,
"bottom": 0.29034
},
{
"left": 0.2072,
"top": 0.22611,
"right": 0.33613,
"bottom": 0.29034
},
{
"left": 0.33589,
"top": 0.2261,
"right": 0.43029,
"bottom": 0.29034
},
{
"left": 0.43016,
"top": 0.22609,
"right": 0.53533,
"bottom": 0.29035
},
{
"left": 0.53529,
"top": 0.22609,
"right": 0.63347,
"bottom": 0.29035
},
{
"left": 0.63347,
"top": 0.22608,
"right": 0.71177,
"bottom": 0.29036
},
{
"left": 0.71174,
"top": 0.22608,
"right": 0.7951,
"bottom": 0.29036
},
{
"left": 0.79503,
"top": 0.22607,
"right": 0.88454,
"bottom": 0.29036
},
{
"left": 0.88444,
"top": 0.22607,
"right": 0.96764,
"bottom": 0.29036
}
],
[
{
"left": 0.03205,
"top": 0.29033,
"right": 0.12323,
"bottom": 0.32263
},
{
"left": 0.12288,
"top": 0.29033,
"right": 0.2072,
"bottom": 0.32263
},
{
"left": 0.20698,
"top": 0.29034,
"right": 0.33626,
"bottom": 0.32264
},
{
"left": 0.33613,
"top": 0.29034,
"right": 0.43036,
"bottom": 0.32264
},
{
"left": 0.43029,
"top": 0.29034,
"right": 0.53534,
"bottom": 0.32264
},
{
"left": 0.53533,
"top": 0.29035,
"right": 0.63348,
"bottom": 0.32264
},
{
"left": 0.63347,
"top": 0.29035,
"right": 0.71174,
"bottom": 0.32264
},
{
"left": 0.71173,
"top": 0.29036,
"right": 0.79503,
"bottom": 0.32264
},
{
"left": 0.795,
"top": 0.29036,
"right": 0.88444,
"bottom": 0.32264
},
{
"left": 0.88439,
"top": 0.29036,
"right": 0.96765,
"bottom": 0.32264
}
],
[
{
"left": 0.03206,
"top": 0.32263,
"right": 0.12288,
"bottom": 0.35494
},
{
"left": 0.12254,
"top": 0.32263,
"right": 0.20698,
"bottom": 0.35494
},
{
"left": 0.20675,
"top": 0.32263,
"right": 0.33638,
"bottom": 0.35495
},
{
"left": 0.33626,
"top": 0.32264,
"right": 0.43043,
"bottom": 0.35495
},
{
"left": 0.43036,
"top": 0.32264,
"right": 0.53536,
"bottom": 0.35496
},
{
"left": 0.53534,
"top": 0.32264,
"right": 0.63348,
"bottom": 0.35496
},
{
"left": 0.63348,
"top": 0.32264,
"right": 0.71173,
"bottom": 0.35497
},
{
"left": 0.71172,
"top": 0.32264,
"right": 0.795,
"bottom": 0.35497
},
{
"left": 0.79496,
"top": 0.32264,
"right": 0.88439,
"bottom": 0.35498
},
{
"left": 0.88434,
"top": 0.32264,
"right": 0.96766,
"bottom": 0.35498
}
],
[
{
"left": 0.03206,
"top": 0.35494,
"right": 0.12254,
"bottom": 0.38734
},
{
"left": 0.12219,
"top": 0.35494,
"right": 0.20675,
"bottom": 0.38734
},
{
"left": 0.20653,
"top": 0.35494,
"right": 0.33651,
"bottom": 0.38734
},
{
"left": 0.33638,
"top": 0.35495,
"right": 0.4305,
"bottom": 0.38735
},
{
"left": 0.43043,
"top": 0.35495,
"right": 0.53538,
"bottom": 0.38735
},
{
"left": 0.53536,
"top": 0.35496,
"right": 0.63349,
"bottom": 0.38735
},
{
"left": 0.63348,
"top": 0.35496,
"right": 0.71172,
"bottom": 0.38735
},
{
"left": 0.7117,
"top": 0.35497,
"right": 0.79496,
"bottom": 0.38736
},
{
"left": 0.79493,
"top": 0.35497,
"right": 0.88434,
"bottom": 0.38736
},
{
"left": 0.88429,
"top": 0.35498,
"right": 0.96766,
"bottom": 0.38736
}
],
[
{
"left": 0.03206,
"top": 0.38733,
"right": 0.12219,
"bottom": 0.41972
},
{
"left": 0.12185,
"top": 0.38734,
"right": 0.20653,
"bottom": 0.41971
},
{
"left": 0.20631,
"top": 0.38734,
"right": 0.33663,
"bottom": 0.41971
},
{
"left": 0.33651,
"top": 0.38734,
"right": 0.43056,
"bottom": 0.4197
},
{
"left": 0.4305,
"top": 0.38735,
"right": 0.53539,
"bottom": 0.41969
},
{
"left": 0.53538,
"top": 0.38735,
"right": 0.63349,
"bottom": 0.41969
},
{
"left": 0.63349,
"top": 0.38735,
"right": 0.7117,
"bottom": 0.41968
},
{
"left": 0.71169,
"top": 0.38735,
"right": 0.79493,
"bottom": 0.41968
},
{
"left": 0.79489,
"top": 0.38736,
"right": 0.88429,
"bottom": 0.41967
},
{
"left": 0.88424,
"top": 0.38736,
"right": 0.96767,
"bottom": 0.41967
}
],
[
{
"left": 0.03207,
"top": 0.41971,
"right": 0.12185,
"bottom": 0.45208
},
{
"left": 0.12151,
"top": 0.41971,
"right": 0.20631,
"bottom": 0.45208
},
{
"left": 0.20609,
"top": 0.4197,
"right": 0.33676,
"bottom": 0.45208
},
{
"left": 0.33663,
"top": 0.41969,
"right": 0.43063,
"bottom": 0.45208
},
{
"left": 0.43056,
"top": 0.41969,
"right": 0.53541,
"bottom": 0.45207
},
{
"left": 0.53539,
"top": 0.41968,
"right": 0.63349,
"bottom": 0.45207
},
{
"left": 0.63349,
"top": 0.41968,
"right": 0.71169,
"bottom": 0.45207
},
{
"left": 0.71167,
"top": 0.41967,
"right": 0.79489,
"bottom": 0.45207
},
{
"left": 0.79486,
"top": 0.41967,
"right": 0.88424,
"bottom": 0.45207
},
{
"left": 0.88419,
"top": 0.41966,
"right": 0.96768,
"bottom": 0.45207
}
],
[
{
"left": 0.03207,
"top": 0.45208,
"right": 0.12151,
"bottom": 0.48445
},
{
"left": 0.12116,
"top": 0.45208,
"right": 0.20609,
"bottom": 0.48445
},
{
"left": 0.20587,
"top": 0.45208,
"right": 0.33688,
"bottom": 0.48445
},
{
"left": 0.33676,
"top": 0.45207,
"right": 0.4307,
"bottom": 0.48446
},
{
"left": 0.43063,
"top": 0.45207,
"right": 0.53543,
"bottom": 0.48446
},
{
"left": 0.53541,
"top": 0.45207,
"right": 0.6335,
"bottom": 0.48446
},
{
"left": 0.63349,
"top": 0.45207,
"right": 0.71167,
"bottom": 0.48446
},
{
"left": 0.71166,
"top": 0.45207,
"right": 0.79486,
"bottom": 0.48446
},
{
"left": 0.79483,
"top": 0.45207,
"right": 0.88419,
"bottom": 0.48447
},
{
"left": 0.88414,
"top": 0.45207,
"right": 0.96769,
"bottom": 0.48447
}
],
[
{
"left": 0.03207,
"top": 0.48445,
"right": 0.12116,
"bottom": 0.51678
},
{
"left": 0.12082,
"top": 0.48445,
"right": 0.20587,
"bottom": 0.51677
},
{
"left": 0.20564,
"top": 0.48445,
"right": 0.337,
"bottom": 0.51677
},
{
"left": 0.33688,
"top": 0.48445,
"right": 0.43076,
"bottom": 0.51676
},
{
"left": 0.4307,
"top": 0.48446,
"right": 0.53544,
"bottom": 0.51676
},
{
"left": 0.53543,
"top": 0.48446,
"right": 0.6335,
"bottom": 0.51676
},
{
"left": 0.6335,
"top": 0.48446,
"right": 0.71166,
"bottom": 0.51675
},
{
"left": 0.71165,
"top": 0.48446,
"right": 0.79483,
"bottom": 0.51675
},
{
"left": 0.79479,
"top": 0.48446,
"right": 0.88414,
"bottom": 0.51675
},
{
"left": 0.88408,
"top": 0.48447,
"right": 0.9677,
"bottom": 0.51674
}
],
[
{
"left": 0.03208,
"top": 0.51677,
"right": 0.12082,
"bottom": 0.5495
},
{
"left": 0.12047,
"top": 0.51677,
"right": 0.20564,
"bottom": 0.5495
},
{
"left": 0.20542,
"top": 0.51676,
"right": 0.33713,
"bottom": 0.54951
},
{
"left": 0.337,
"top": 0.51676,
"right": 0.43083,
"bottom": 0.54951
},
{
"left": 0.43076,
"top": 0.51676,
"right": 0.53546,
"bottom": 0.54951
},
{
"left": 0.53544,
"top": 0.51675,
"right": 0.63351,
"bottom": 0.54952
},
{
"left": 0.6335,
"top": 0.51675,
"right": 0.71165,
"bottom": 0.54952
},
{
"left": 0.71163,
"top": 0.51675,
"right": 0.79479,
"bottom": 0.54952
},
{
"left": 0.79476,
"top": 0.51674,
"right": 0.88408,
"bottom": 0.54953
},
{
"left": 0.88403,
"top": 0.51674,
"right": 0.96771,
"bottom": 0.54953
}
],
[
{
"left": 0.03208,
"top": 0.5495,
"right": 0.12047,
"bottom": 0.58183
},
{
"left": 0.12013,
"top": 0.5495,
"right": 0.20542,
"bottom": 0.58184
},
{
"left": 0.2052,
"top": 0.5495,
"right": 0.33725,
"bottom": 0.58186
},
{
"left": 0.33713,
"top": 0.54951,
"right": 0.4309,
"bottom": 0.58188
},
{
"left": 0.43083,
"top": 0.54951,
"right": 0.53548,
"bottom": 0.58189
},
{
"left": 0.53546,
"top": 0.54951,
"right": 0.63351,
"bottom": 0.58191
},
{
"left": 0.63351,
"top": 0.54952,
"right": 0.71163,
"bottom": 0.58192
},
{
"left": 0.71162,
"top": 0.54952,
"right": 0.79476,
"bottom": 0.58193
},
{
"left": 0.79472,
"top": 0.54952,
"right": 0.88403,
"bottom": 0.58195
},
{
"left": 0.88398,
"top": 0.54953,
"right": 0.96772,
"bottom": 0.58196
}
]
],
"box": {
"left": 0.02637,
"top": 0.19126,
"right": 0.97266,
"bottom": 0.58979
},
"chunk_id": "table-0",
"job_id": "parse-01m3d764xhf5s9qs1n6jx3z3z7",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 18,
"cells": [
[
"Investment in unconsolidated joint venture A",
"$42.2"
],
[
"Real Estate Owned, net – Hotel Portfolio 8",
"319.5"
],
[
"Real Estate Owned, net – Mixed-use 8",
"80.3"
],
[
"Real Estate Owned, net – Multifamily 8",
"286.1"
],
[
"Real Estate Owned, net – Land Parcel",
"94.3"
],
[
"Non-Loan
Investment Total",
"$822.4"
],
[
"Portfolio Total",
"$3,977.6"
]
],
"cell_boxes": [
[
{
"left": 0.03085,
"top": 0.59412,
"right": 0.1413,
"bottom": 0.64594
},
{
"left": 0.14128,
"top": 0.59408,
"right": 0.24432,
"bottom": 0.64592
}
],
[
{
"left": 0.03085,
"top": 0.64592,
"right": 0.14128,
"bottom": 0.6805
},
{
"left": 0.14126,
"top": 0.6459,
"right": 0.24431,
"bottom": 0.68044
}
],
[
{
"left": 0.03085,
"top": 0.68044,
"right": 0.14126,
"bottom": 0.71516
},
{
"left": 0.14125,
"top": 0.68039,
"right": 0.2443,
"bottom": 0.71507
}
],
[
{
"left": 0.03085,
"top": 0.71507,
"right": 0.14125,
"bottom": 0.74975
},
{
"left": 0.14124,
"top": 0.71499,
"right": 0.2443,
"bottom": 0.74969
}
],
[
{
"left": 0.03085,
"top": 0.74969,
"right": 0.14124,
"bottom": 0.78436
},
{
"left": 0.14122,
"top": 0.74964,
"right": 0.24429,
"bottom": 0.78432
}
],
[
{
"left": 0.03085,
"top": 0.78432,
"right": 0.14122,
"bottom": 0.83391
},
{
"left": 0.1412,
"top": 0.78428,
"right": 0.24428,
"bottom": 0.83421
}
],
[
{
"left": 0.03085,
"top": 0.83359,
"right": 0.1412,
"bottom": 0.86865
},
{
"left": 0.14119,
"top": 0.83391,
"right": 0.24427,
"bottom": 0.86864
}
]
],
"box": {
"left": 0.02708,
"top": 0.59234,
"right": 0.24949,
"bottom": 0.87442
},
"chunk_id": "table-1",
"job_id": "parse-01m3d764xhf5s9qs1n6jx3z3z7",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 18,
"kind": "text",
"text": "Portfolio Details\n",
"box": {
"left": 0.03331,
"top": 0.12936,
"right": 0.25969,
"bottom": 0.17818
},
"chunk_id": "text-0"
},
{
"page": 18,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.74432,
"top": 0.04779,
"right": 0.99653,
"bottom": 0.17947
},
"chunk_id": "logo-0"
},
{
"page": 18,
"kind": "text",
"text": "See Endnotes in the Appendix.\nTotals may not foot due to rounding.\nA. Comprised of loans secured by the same property.\nB. Loan resolved after quarter-end. See pages 2 and 7 for further detail.\n",
"box": {
"left": 0.0347,
"top": 0.88903,
"right": 0.35275,
"bottom": 0.95468
},
"chunk_id": "text-1"
},
{
"page": 18,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03438,
"top": 0.96027,
"right": 0.43033,
"bottom": 0.98203
},
"chunk_id": "text-2"
},
{
"page": 18,
"kind": "marginalia",
"text": "PAGE 17\n",
"box": {
"left": 0.93008,
"top": 0.96201,
"right": 0.98044,
"bottom": 0.9821
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 19,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d76919v6gn1nf8r53z574c",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p19.ade.json",
"figures": [],
"tables": [
{
"page": 19,
"cells": [
[
"($ amounts in thousands)",
"March 31, 2026",
"December 31, 2025"
],
[
"Assets",
"",
""
],
[
"Cash and cash equivalents",
"$ 116,782",
"$ 173,186"
],
[
"Restricted cash",
"13,662",
"17,599"
],
[
"Loans receivable held-for-investment",
"3,504,010",
"4,054,152"
],
[
"Less: current expected credit loss reserve",
"(396,433)",
"(438,751)"
],
[
"Loans receivable held-for-investment, net",
"3,107,577",
"3,615,401"
],
[
"Equity method investment",
"42,158",
"42,196"
],
[
"Real estate owned held-for-investment, net",
"764,763",
"730,005"
],
[
"Other assets",
"119,456",
"143,372"
],
[
"Total assets",
"$ 4,164,398",
"$ 4,721,759"
],
[
"",
"",
""
],
[
"Liabilities and Equity",
"",
""
],
[
"Repurchase agreements",
"$ 1,593,114",
"$ 1,857,614"
],
[
"Term participation facility",
"339,160",
"329,452"
],
[
"Notes payable, net",
"-",
"177,522"
],
[
"Secured term loan, net",
"465,577",
"549,447"
],
[
"Debt related to real estate owned hotel portfolio, net",
"231,699",
"230,992"
],
[
"Other liabilities",
"34,653",
"37,063"
],
[
"Management fee payable - affiliate",
"7,347",
"7,774"
],
[
"Total liabilities",
"2,671,550",
"3,189,864"
],
[
"",
"",
""
],
[
"Equity",
"",
""
],
[
"Common stock",
"1,402",
"1,402"
],
[
"Additional paid-in capital",
"2,768,131",
"2,752,884"
],
[
"Accumulated deficit",
"(1,276,685)",
"(1,222,391)"
],
[
"Total equity",
"1,492,848",
"1,531,895"
],
[
"",
"",
""
],
[
"Total liabilities and equity",
"$ 4,164,398",
"$ 4,721,759"
]
],
"cell_boxes": [
[
{
"left": 0.21644,
"top": 0.23881,
"right": 0.53107,
"bottom": 0.25853
},
{
"left": 0.53106,
"top": 0.23883,
"right": 0.66214,
"bottom": 0.25848
},
{
"left": 0.66214,
"top": 0.23883,
"right": 0.78334,
"bottom": 0.25846
}
],
[
{
"left": 0.21644,
"top": 0.25844,
"right": 0.78334,
"bottom": 0.27875
},
null,
null
],
[
{
"left": 0.21643,
"top": 0.27867,
"right": 0.5311,
"bottom": 0.29964
},
{
"left": 0.53109,
"top": 0.27872,
"right": 0.66214,
"bottom": 0.29968
},
{
"left": 0.66214,
"top": 0.27874,
"right": 0.78335,
"bottom": 0.29971
}
],
[
{
"left": 0.21643,
"top": 0.29957,
"right": 0.53111,
"bottom": 0.32021
},
{
"left": 0.5311,
"top": 0.29964,
"right": 0.66214,
"bottom": 0.32022
},
{
"left": 0.66214,
"top": 0.29968,
"right": 0.78336,
"bottom": 0.32023
}
],
[
{
"left": 0.21643,
"top": 0.32018,
"right": 0.53113,
"bottom": 0.34079
},
{
"left": 0.53111,
"top": 0.32021,
"right": 0.66215,
"bottom": 0.34079
},
{
"left": 0.66214,
"top": 0.32022,
"right": 0.78337,
"bottom": 0.34078
}
],
[
{
"left": 0.21643,
"top": 0.34079,
"right": 0.53114,
"bottom": 0.36147
},
{
"left": 0.53113,
"top": 0.34078,
"right": 0.66215,
"bottom": 0.36149
},
{
"left": 0.66215,
"top": 0.34078,
"right": 0.78337,
"bottom": 0.36151
}
],
[
{
"left": 0.21642,
"top": 0.36142,
"right": 0.53116,
"bottom": 0.38252
},
{
"left": 0.53114,
"top": 0.36147,
"right": 0.66215,
"bottom": 0.38254
},
{
"left": 0.66215,
"top": 0.36149,
"right": 0.78338,
"bottom": 0.38255
}
],
[
{
"left": 0.21642,
"top": 0.38249,
"right": 0.53117,
"bottom": 0.40285
},
{
"left": 0.53116,
"top": 0.38252,
"right": 0.66215,
"bottom": 0.40283
},
{
"left": 0.66215,
"top": 0.38254,
"right": 0.78339,
"bottom": 0.40282
}
],
[
{
"left": 0.21642,
"top": 0.40283,
"right": 0.53119,
"bottom": 0.42352
},
{
"left": 0.53117,
"top": 0.40282,
"right": 0.66215,
"bottom": 0.42347
},
{
"left": 0.66215,
"top": 0.40282,
"right": 0.7834,
"bottom": 0.42345
}
],
[
{
"left": 0.21641,
"top": 0.42347,
"right": 0.5312,
"bottom": 0.44406
},
{
"left": 0.53119,
"top": 0.42345,
"right": 0.66215,
"bottom": 0.44397
},
{
"left": 0.66215,
"top": 0.42343,
"right": 0.7834,
"bottom": 0.44393
}
],
[
{
"left": 0.21641,
"top": 0.44397,
"right": 0.53122,
"bottom": 0.46472
},
{
"left": 0.5312,
"top": 0.44393,
"right": 0.66215,
"bottom": 0.46469
},
{
"left": 0.66215,
"top": 0.4439,
"right": 0.78341,
"bottom": 0.46468
}
],
[
{
"left": 0.21641,
"top": 0.46469,
"right": 0.53123,
"bottom": 0.48516
},
{
"left": 0.53122,
"top": 0.46468,
"right": 0.66216,
"bottom": 0.48515
},
{
"left": 0.66215,
"top": 0.46467,
"right": 0.78342,
"bottom": 0.48515
}
],
[
{
"left": 0.21641,
"top": 0.48514,
"right": 0.78343,
"bottom": 0.50599
},
null,
null
],
[
{
"left": 0.2164,
"top": 0.50593,
"right": 0.53126,
"bottom": 0.52698
},
{
"left": 0.53125,
"top": 0.5059,
"right": 0.66216,
"bottom": 0.52684
},
{
"left": 0.66216,
"top": 0.50587,
"right": 0.78343,
"bottom": 0.52679
}
],
[
{
"left": 0.2164,
"top": 0.52684,
"right": 0.53128,
"bottom": 0.54756
},
{
"left": 0.53126,
"top": 0.52679,
"right": 0.66216,
"bottom": 0.54738
},
{
"left": 0.66216,
"top": 0.52673,
"right": 0.78344,
"bottom": 0.54731
}
],
[
{
"left": 0.2164,
"top": 0.54738,
"right": 0.53129,
"bottom": 0.56792
},
{
"left": 0.53128,
"top": 0.54731,
"right": 0.66216,
"bottom": 0.56778
},
{
"left": 0.66216,
"top": 0.54724,
"right": 0.78345,
"bottom": 0.56772
}
],
[
{
"left": 0.21639,
"top": 0.56778,
"right": 0.5313,
"bottom": 0.58865
},
{
"left": 0.53129,
"top": 0.56772,
"right": 0.66216,
"bottom": 0.5885
},
{
"left": 0.66216,
"top": 0.56766,
"right": 0.78346,
"bottom": 0.58844
}
],
[
{
"left": 0.21639,
"top": 0.5885,
"right": 0.53132,
"bottom": 0.60907
},
{
"left": 0.5313,
"top": 0.58844,
"right": 0.66216,
"bottom": 0.60888
},
{
"left": 0.66216,
"top": 0.58838,
"right": 0.78346,
"bottom": 0.60881
}
],
[
{
"left": 0.21639,
"top": 0.60888,
"right": 0.53133,
"bottom": 0.63006
},
{
"left": 0.53132,
"top": 0.60881,
"right": 0.66216,
"bottom": 0.62993
},
{
"left": 0.66216,
"top": 0.60874,
"right": 0.78347,
"bottom": 0.62987
}
],
[
{
"left": 0.21639,
"top": 0.62993,
"right": 0.53135,
"bottom": 0.65035
},
{
"left": 0.53133,
"top": 0.62987,
"right": 0.66217,
"bottom": 0.65016
},
{
"left": 0.66216,
"top": 0.62982,
"right": 0.78348,
"bottom": 0.65009
}
],
[
{
"left": 0.21638,
"top": 0.65016,
"right": 0.53136,
"bottom": 0.67085
},
{
"left": 0.53135,
"top": 0.65009,
"right": 0.66217,
"bottom": 0.6707
},
{
"left": 0.66217,
"top": 0.65002,
"right": 0.78349,
"bottom": 0.67064
}
],
[
{
"left": 0.21638,
"top": 0.6707,
"right": 0.53138,
"bottom": 0.69131
},
{
"left": 0.53136,
"top": 0.67064,
"right": 0.66217,
"bottom": 0.6912
},
{
"left": 0.66217,
"top": 0.67059,
"right": 0.78349,
"bottom": 0.69115
}
],
[
{
"left": 0.21638,
"top": 0.69111,
"right": 0.7835,
"bottom": 0.71248
},
null,
null
],
[
{
"left": 0.21637,
"top": 0.71236,
"right": 0.53141,
"bottom": 0.73276
},
{
"left": 0.53139,
"top": 0.71231,
"right": 0.66217,
"bottom": 0.73264
},
{
"left": 0.66217,
"top": 0.71226,
"right": 0.78351,
"bottom": 0.73258
}
],
[
{
"left": 0.21637,
"top": 0.73264,
"right": 0.53142,
"bottom": 0.75389
},
{
"left": 0.53141,
"top": 0.73258,
"right": 0.66217,
"bottom": 0.75376
},
{
"left": 0.66217,
"top": 0.73254,
"right": 0.78352,
"bottom": 0.7537
}
],
[
{
"left": 0.21637,
"top": 0.75376,
"right": 0.53144,
"bottom": 0.77403
},
{
"left": 0.53142,
"top": 0.7537,
"right": 0.66217,
"bottom": 0.77386
},
{
"left": 0.66217,
"top": 0.75366,
"right": 0.78352,
"bottom": 0.77379
}
],
[
{
"left": 0.21637,
"top": 0.77386,
"right": 0.53145,
"bottom": 0.79468
},
{
"left": 0.53144,
"top": 0.77379,
"right": 0.66218,
"bottom": 0.79451
},
{
"left": 0.66217,
"top": 0.77373,
"right": 0.78353,
"bottom": 0.79444
}
],
[
{
"left": 0.21636,
"top": 0.79451,
"right": 0.53146,
"bottom": 0.81512
},
{
"left": 0.53145,
"top": 0.79444,
"right": 0.66218,
"bottom": 0.81502
},
{
"left": 0.66218,
"top": 0.79438,
"right": 0.78354,
"bottom": 0.81498
}
],
[
{
"left": 0.21636,
"top": 0.81502,
"right": 0.53148,
"bottom": 0.83604
},
{
"left": 0.53146,
"top": 0.81498,
"right": 0.66218,
"bottom": 0.83603
},
{
"left": 0.66218,
"top": 0.81494,
"right": 0.78355,
"bottom": 0.83603
}
]
],
"box": {
"left": 0.2118,
"top": 0.23515,
"right": 0.78815,
"bottom": 0.84503
},
"chunk_id": "table-0",
"job_id": "parse-01m3d76919v6gn1nf8r53z574c",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 19,
"kind": "text",
"text": "# Consolidated Balance Sheets\n\n*As of March 31, 2026 and December 31, 2025*\n",
"box": {
"left": 0.03219,
"top": 0.11066,
"right": 0.44606,
"bottom": 0.17977
},
"chunk_id": "text-0"
},
{
"page": 19,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75842,
"top": 0.08005,
"right": 0.9828,
"bottom": 0.14847
},
"chunk_id": "logo-0"
},
{
"page": 19,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03386,
"top": 0.96037,
"right": 0.43061,
"bottom": 0.98154
},
"chunk_id": "text-1"
},
{
"page": 19,
"kind": "text",
"text": "PAGE 18\n",
"box": {
"left": 0.93046,
"top": 0.96217,
"right": 0.9803,
"bottom": 0.98204
},
"chunk_id": "text-2"
}
]
},
{
"page": 20,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d769dh1ynxcgew2j6qeqd6",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p20.ade.json",
"figures": [],
"tables": [
{
"page": 20,
"cells": [
[
"($ amounts in thousands, except share and per share data)",
"Three Months Ended March 31, 2026",
"Three Months Ended December 31, 2025"
],
[
"Revenue",
"",
""
],
[
"Interest and related income",
"$ 58,999",
"$ 74,427"
],
[
"Less: interest and related expense",
"50,894",
"61,929"
],
[
"Net interest income",
"8,105",
"12,498"
],
[
"Revenue from real estate owned",
"21,414",
"34,249"
],
[
"Total net revenue",
"29,519",
"46,747"
],
[
"",
"",
""
],
[
"Expenses",
"",
""
],
[
"Management fees - affiliate",
"7,347",
"7,774"
],
[
"General and administrative expenses",
"3,212",
"5,869"
],
[
"Stock-based compensation expense",
"2,317",
"2,242"
],
[
"Real Estate Owned:",
"",
""
],
[
"Operating expenses",
"18,054",
"21,375"
],
[
"Interest expense",
"9,176",
"9,026"
],
[
"Depreciation and amortization",
"6,399",
"5,731"
],
[
"Total expenses",
"46,505",
"52,017"
],
[
"",
"",
""
],
[
"Loss on partial sales of real estate owned",
"–",
"(1,382)"
],
[
"Loss from equity method investment",
"(38)",
"(31)"
],
[
"Loss on extinguishment of debt",
"(5,898)",
"(847)"
],
[
"Provision for current expected credit loss reserve",
"(31,372)",
"(211,681)"
],
[
"",
"",
""
],
[
"Net loss",
"$ (54,294)",
"$ (219,211)"
],
[
"Net loss per share of common stock:",
"",
""
],
[
"Basic and diluted",
"$ (0.39)",
"$ (1.56)"
],
[
"Weighted-average shares of common stock outstanding:",
"",
""
],
[
"Basic and diluted",
"140,456,493",
"140,439,492"
]
],
"cell_boxes": [
[
{
"left": 0.21688,
"top": 0.23744,
"right": 0.53263,
"bottom": 0.27731
},
{
"left": 0.53259,
"top": 0.23763,
"right": 0.6633,
"bottom": 0.27727
},
{
"left": 0.66329,
"top": 0.23771,
"right": 0.78538,
"bottom": 0.27725
}
],
[
{
"left": 0.21688,
"top": 0.27727,
"right": 0.53259,
"bottom": 0.29714
},
{
"left": 0.53257,
"top": 0.27725,
"right": 0.66329,
"bottom": 0.29713
},
{
"left": 0.66329,
"top": 0.27723,
"right": 0.78538,
"bottom": 0.29713
}
],
[
{
"left": 0.21688,
"top": 0.29713,
"right": 0.53257,
"bottom": 0.31701
},
{
"left": 0.53255,
"top": 0.29713,
"right": 0.66329,
"bottom": 0.31702
},
{
"left": 0.66328,
"top": 0.29713,
"right": 0.78538,
"bottom": 0.31703
}
],
[
{
"left": 0.21688,
"top": 0.317,
"right": 0.53255,
"bottom": 0.33682
},
{
"left": 0.53253,
"top": 0.31701,
"right": 0.66328,
"bottom": 0.33682
},
{
"left": 0.66328,
"top": 0.31702,
"right": 0.78538,
"bottom": 0.33682
}
],
[
{
"left": 0.21688,
"top": 0.33682,
"right": 0.53253,
"bottom": 0.35678
},
{
"left": 0.53251,
"top": 0.33682,
"right": 0.66328,
"bottom": 0.35679
},
{
"left": 0.66328,
"top": 0.33682,
"right": 0.78538,
"bottom": 0.3568
}
],
[
{
"left": 0.21688,
"top": 0.35675,
"right": 0.53251,
"bottom": 0.37652
},
{
"left": 0.53248,
"top": 0.35678,
"right": 0.66328,
"bottom": 0.37653
},
{
"left": 0.66327,
"top": 0.35679,
"right": 0.78538,
"bottom": 0.37654
}
],
[
{
"left": 0.21688,
"top": 0.3765,
"right": 0.53248,
"bottom": 0.39641
},
{
"left": 0.53246,
"top": 0.37652,
"right": 0.66327,
"bottom": 0.39642
},
{
"left": 0.66327,
"top": 0.37653,
"right": 0.78538,
"bottom": 0.39642
}
],
[
{
"left": 0.21688,
"top": 0.3964,
"right": 0.53246,
"bottom": 0.41622
},
{
"left": 0.53244,
"top": 0.39641,
"right": 0.66327,
"bottom": 0.41623
},
{
"left": 0.66327,
"top": 0.39642,
"right": 0.78538,
"bottom": 0.41624
}
],
[
{
"left": 0.21688,
"top": 0.41619,
"right": 0.53244,
"bottom": 0.43572
},
{
"left": 0.53242,
"top": 0.41622,
"right": 0.66327,
"bottom": 0.43572
},
{
"left": 0.66326,
"top": 0.41623,
"right": 0.78538,
"bottom": 0.43573
}
],
[
{
"left": 0.21688,
"top": 0.43571,
"right": 0.53242,
"bottom": 0.45602
},
{
"left": 0.5324,
"top": 0.43572,
"right": 0.66326,
"bottom": 0.45605
},
{
"left": 0.66326,
"top": 0.43572,
"right": 0.78538,
"bottom": 0.45607
}
],
[
{
"left": 0.21688,
"top": 0.45596,
"right": 0.5324,
"bottom": 0.47574
},
{
"left": 0.53238,
"top": 0.45602,
"right": 0.66326,
"bottom": 0.47575
},
{
"left": 0.66326,
"top": 0.45605,
"right": 0.78538,
"bottom": 0.47576
}
],
[
{
"left": 0.21688,
"top": 0.47572,
"right": 0.53238,
"bottom": 0.4953
},
{
"left": 0.53236,
"top": 0.47574,
"right": 0.66326,
"bottom": 0.49531
},
{
"left": 0.66326,
"top": 0.47575,
"right": 0.78538,
"bottom": 0.49532
}
],
[
{
"left": 0.21688,
"top": 0.49529,
"right": 0.53236,
"bottom": 0.51535
},
{
"left": 0.53233,
"top": 0.4953,
"right": 0.66326,
"bottom": 0.51537
},
{
"left": 0.66325,
"top": 0.49531,
"right": 0.78538,
"bottom": 0.51538
}
],
[
{
"left": 0.21688,
"top": 0.51531,
"right": 0.53233,
"bottom": 0.53511
},
{
"left": 0.53231,
"top": 0.51535,
"right": 0.66325,
"bottom": 0.53512
},
{
"left": 0.66325,
"top": 0.51537,
"right": 0.78538,
"bottom": 0.53513
}
],
[
{
"left": 0.21688,
"top": 0.53509,
"right": 0.53231,
"bottom": 0.55481
},
{
"left": 0.53229,
"top": 0.53511,
"right": 0.66325,
"bottom": 0.55482
},
{
"left": 0.66325,
"top": 0.53512,
"right": 0.78538,
"bottom": 0.55483
}
],
[
{
"left": 0.21688,
"top": 0.5548,
"right": 0.53229,
"bottom": 0.57489
},
{
"left": 0.53227,
"top": 0.55481,
"right": 0.66325,
"bottom": 0.57489
},
{
"left": 0.66324,
"top": 0.55482,
"right": 0.78538,
"bottom": 0.57489
}
],
[
{
"left": 0.21688,
"top": 0.57489,
"right": 0.53227,
"bottom": 0.59468
},
{
"left": 0.53225,
"top": 0.57489,
"right": 0.66324,
"bottom": 0.59464
},
{
"left": 0.66324,
"top": 0.57489,
"right": 0.78538,
"bottom": 0.59463
}
],
[
{
"left": 0.21688,
"top": 0.59464,
"right": 0.53225,
"bottom": 0.61446
},
{
"left": 0.53223,
"top": 0.59463,
"right": 0.66324,
"bottom": 0.6144
},
{
"left": 0.66324,
"top": 0.59461,
"right": 0.78538,
"bottom": 0.61438
}
],
[
{
"left": 0.21687,
"top": 0.6144,
"right": 0.53223,
"bottom": 0.6342
},
{
"left": 0.53221,
"top": 0.61438,
"right": 0.66324,
"bottom": 0.63414
},
{
"left": 0.66323,
"top": 0.61436,
"right": 0.78538,
"bottom": 0.63411
}
],
[
{
"left": 0.21687,
"top": 0.63414,
"right": 0.53221,
"bottom": 0.65391
},
{
"left": 0.53218,
"top": 0.63411,
"right": 0.66323,
"bottom": 0.65386
},
{
"left": 0.66323,
"top": 0.63409,
"right": 0.78538,
"bottom": 0.65385
}
],
[
{
"left": 0.21687,
"top": 0.65386,
"right": 0.53218,
"bottom": 0.67419
},
{
"left": 0.53216,
"top": 0.65385,
"right": 0.66323,
"bottom": 0.67414
},
{
"left": 0.66323,
"top": 0.65383,
"right": 0.78538,
"bottom": 0.67412
}
],
[
{
"left": 0.21687,
"top": 0.67414,
"right": 0.53216,
"bottom": 0.69394
},
{
"left": 0.53214,
"top": 0.67412,
"right": 0.66323,
"bottom": 0.69389
},
{
"left": 0.66322,
"top": 0.6741,
"right": 0.78538,
"bottom": 0.69387
}
],
[
{
"left": 0.21687,
"top": 0.69389,
"right": 0.53214,
"bottom": 0.71367
},
{
"left": 0.53212,
"top": 0.69387,
"right": 0.66322,
"bottom": 0.71353
},
{
"left": 0.66322,
"top": 0.69386,
"right": 0.78538,
"bottom": 0.71347
}
],
[
{
"left": 0.21687,
"top": 0.71353,
"right": 0.53212,
"bottom": 0.7343
},
{
"left": 0.5321,
"top": 0.71347,
"right": 0.66322,
"bottom": 0.73419
},
{
"left": 0.66322,
"top": 0.71342,
"right": 0.78538,
"bottom": 0.73415
}
],
[
{
"left": 0.21687,
"top": 0.73419,
"right": 0.5321,
"bottom": 0.75513
},
{
"left": 0.53207,
"top": 0.73415,
"right": 0.66322,
"bottom": 0.75503
},
{
"left": 0.66321,
"top": 0.73411,
"right": 0.78538,
"bottom": 0.75498
}
],
[
{
"left": 0.21687,
"top": 0.75503,
"right": 0.53207,
"bottom": 0.77568
},
{
"left": 0.53205,
"top": 0.75498,
"right": 0.66321,
"bottom": 0.77561
},
{
"left": 0.66321,
"top": 0.75495,
"right": 0.78538,
"bottom": 0.77558
}
],
[
{
"left": 0.21687,
"top": 0.77561,
"right": 0.53205,
"bottom": 0.79611
},
{
"left": 0.53203,
"top": 0.77558,
"right": 0.66321,
"bottom": 0.79612
},
{
"left": 0.66321,
"top": 0.77556,
"right": 0.78538,
"bottom": 0.79614
}
],
[
{
"left": 0.21687,
"top": 0.79608,
"right": 0.53203,
"bottom": 0.81699
},
{
"left": 0.53201,
"top": 0.79611,
"right": 0.66321,
"bottom": 0.81693
},
{
"left": 0.6632,
"top": 0.79612,
"right": 0.78538,
"bottom": 0.81691
}
]
],
"box": {
"left": 0.21191,
"top": 0.2341,
"right": 0.78995,
"bottom": 0.82498
},
"chunk_id": "table-0",
"job_id": "parse-01m3d769dh1ynxcgew2j6qeqd6",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 20,
"kind": "text",
"text": "Consolidated Statements of Operations\nFor the Three Months Ended March 31, 2026 and December 31, 2025\n",
"box": {
"left": 0.03151,
"top": 0.11008,
"right": 0.57956,
"bottom": 0.18033
},
"chunk_id": "text-0"
},
{
"page": 20,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75833,
"top": 0.07921,
"right": 0.9833,
"bottom": 0.14909
},
"chunk_id": "logo-0"
},
{
"page": 20,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03352,
"top": 0.96005,
"right": 0.43087,
"bottom": 0.9817
},
"chunk_id": "text-1"
},
{
"page": 20,
"kind": "text",
"text": "PAGE 19\n",
"box": {
"left": 0.9302,
"top": 0.96201,
"right": 0.98041,
"bottom": 0.98213
},
"chunk_id": "text-2"
}
]
},
{
"page": 21,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d769mgctnxm5f5bb9bsw5f",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.8,
"reused": false,
"response_artifact": "52ea7b82e603080b.p21.ade.json",
"figures": [],
"tables": [
{
"page": 21,
"cells": [
[
"Distributable Loss Reconciliation",
"Q1 2026",
"Q4 2025",
"Q3 2025",
"Q2 2025",
"Q1 2025",
"2025"
],
[
"($ amounts in thousands, except share and per share data)",
"",
"",
"",
"",
"",
""
],
[
"Net loss",
"$ (54,294)",
"$ (219,211)",
"$ (9,528)",
"$ (181,707)",
"$ (78,623)",
"$ (489,069)"
],
[
"Adjustments:",
"",
"",
"",
"",
"",
""
],
[
"Non-cash stock-based compensation expense",
"2,317",
"2,242",
"2,061",
"4,762",
"5,074",
"14,139"
],
[
"Provision for current expected credit loss reserve",
"31,372",
"211,681",
"24,234",
"189,489",
"41,123",
"466,527"
],
[
"Depreciation and amortization expense",
"6,399",
"5,731",
"3,740",
"845",
"438",
"10,754"
],
[
"Amortization of above and below market lease values, net",
"258",
"258",
"258",
"334",
"354",
"1,204"
],
[
"Amortization of discount on secured term loan",
"569",
"",
"",
"",
"–",
"–"
],
[
"Unrealized loss on interest rate cap",
"",
"",
"71",
"",
"–",
"71"
],
[
"Loss on extinguishment of debt",
"5,898",
"847",
"-",
"-",
"547",
"1,394"
],
[
"Valuation adjustment for loan receivable held-for-sale",
"-",
"-",
"-",
"(827)",
"42,594",
"41,767"
],
[
"Valuation adjustment for real estate owned held-for-sale",
"-",
"-",
"(12,980)",
"313",
"49",
"(12,618)"
],
[
"Loss (gain) on partial sale of real estate owned",
"-",
"1,382",
"(2,006)",
"1,640",
"−",
"1,016"
],
[
"Distributable (Loss) Earnings prior to realized gains and losses",
"(7,481)",
"2,930",
"5,850",
"14,849",
"11,556",
"35,185"
],
[
"Loss on extinguishment of debt",
"(5,898)",
"(847)",
"",
"",
"(547)",
"(1,394)"
],
[
"Principal charge-offs A",
"(61,861)",
"(102,222)",
"(42,325)",
"(120,817)",
"(46,653)",
"(312,017)"
],
[
"Valuation adjustment for real estate owned held-for-sale",
"",
"",
"12,980",
"(313)",
"(49)",
"12,618"
],
[
"(Loss) gain on partial sale of real estate owned",
"",
"(1,382)",
"2,006",
"(1,640)",
"",
"(1,016)"
],
[
"Previously recognized depreciation and amortization on partial real estate owned sold B",
"",
"(142)",
"(58)",
"(2,140)",
"",
"(2,340)"
],
[
"Distributable Loss",
"$ (75,240)",
"$ (101,663)",
"$ (21,547)",
"$ (110,061)",
"$ (35,693)",
"$ (268,964)"
],
[
"Weighted average diluted shares - Distributable Loss",
"143,460,120",
"142,956,410",
"143,082,634",
"142,922,632",
"142,192,694",
"142,791,490"
],
[
"Diluted Distributable (Loss) Earnings per share prior to realized gains and losses",
"$ (0.05)",
"$ 0.02",
"$ 0.04",
"$ 0.10",
"$ 0.08",
"$ 0.24"
],
[
"Diluted Distributable Loss per share",
"$ (0.52)",
"$ (0.71)",
"$ (0.15)",
"$ (0.77)",
"$ (0.25)",
"$ (1.88)"
]
],
"cell_boxes": [
[
{
"left": 0.03739,
"top": 0.20896,
"right": 0.48655,
"bottom": 0.23243
},
{
"left": 0.48651,
"top": 0.20906,
"right": 0.57319,
"bottom": 0.23244
},
{
"left": 0.57314,
"top": 0.20908,
"right": 0.65365,
"bottom": 0.23246
},
{
"left": 0.6536,
"top": 0.2091,
"right": 0.73378,
"bottom": 0.23247
},
{
"left": 0.73374,
"top": 0.20912,
"right": 0.81535,
"bottom": 0.23248
},
{
"left": 0.8153,
"top": 0.20914,
"right": 0.89245,
"bottom": 0.23249
},
{
"left": 0.89245,
"top": 0.20915,
"right": 0.97341,
"bottom": 0.2325
}
],
[
{
"left": 0.03738,
"top": 0.23236,
"right": 0.97342,
"bottom": 0.25591
},
null,
null,
null,
null,
null,
null
],
[
{
"left": 0.03738,
"top": 0.25526,
"right": 0.48647,
"bottom": 0.27882
},
{
"left": 0.48642,
"top": 0.25557,
"right": 0.5731,
"bottom": 0.2789
},
{
"left": 0.57305,
"top": 0.25563,
"right": 0.65355,
"bottom": 0.27898
},
{
"left": 0.6535,
"top": 0.25569,
"right": 0.73371,
"bottom": 0.27905
},
{
"left": 0.73367,
"top": 0.25574,
"right": 0.81525,
"bottom": 0.27912
},
{
"left": 0.8152,
"top": 0.2558,
"right": 0.89244,
"bottom": 0.27919
},
{
"left": 0.89243,
"top": 0.25585,
"right": 0.97342,
"bottom": 0.27927
}
],
[
{
"left": 0.03737,
"top": 0.27842,
"right": 0.97342,
"bottom": 0.30291
},
null,
null,
null,
null,
null,
null
],
[
{
"left": 0.03737,
"top": 0.30214,
"right": 0.48638,
"bottom": 0.32512
},
{
"left": 0.48634,
"top": 0.30251,
"right": 0.57301,
"bottom": 0.3252
},
{
"left": 0.57296,
"top": 0.30258,
"right": 0.65345,
"bottom": 0.32528
},
{
"left": 0.6534,
"top": 0.30265,
"right": 0.73363,
"bottom": 0.32535
},
{
"left": 0.7336,
"top": 0.30271,
"right": 0.81516,
"bottom": 0.32543
},
{
"left": 0.81511,
"top": 0.30278,
"right": 0.89243,
"bottom": 0.3255
},
{
"left": 0.89242,
"top": 0.30284,
"right": 0.97343,
"bottom": 0.32557
}
],
[
{
"left": 0.03737,
"top": 0.32471,
"right": 0.48634,
"bottom": 0.34843
},
{
"left": 0.48629,
"top": 0.32512,
"right": 0.57296,
"bottom": 0.34851
},
{
"left": 0.57292,
"top": 0.3252,
"right": 0.6534,
"bottom": 0.34859
},
{
"left": 0.65335,
"top": 0.32528,
"right": 0.7336,
"bottom": 0.34867
},
{
"left": 0.73356,
"top": 0.32535,
"right": 0.81511,
"bottom": 0.34875
},
{
"left": 0.81506,
"top": 0.32543,
"right": 0.89242,
"bottom": 0.34883
},
{
"left": 0.89241,
"top": 0.3255,
"right": 0.97343,
"bottom": 0.34891
}
],
[
{
"left": 0.03736,
"top": 0.34799,
"right": 0.48629,
"bottom": 0.37238
},
{
"left": 0.48625,
"top": 0.34843,
"right": 0.57292,
"bottom": 0.37245
},
{
"left": 0.57287,
"top": 0.34851,
"right": 0.65335,
"bottom": 0.37252
},
{
"left": 0.6533,
"top": 0.34859,
"right": 0.73356,
"bottom": 0.37258
},
{
"left": 0.73352,
"top": 0.34867,
"right": 0.81506,
"bottom": 0.37265
},
{
"left": 0.81501,
"top": 0.34875,
"right": 0.89241,
"bottom": 0.37272
},
{
"left": 0.89241,
"top": 0.34883,
"right": 0.97344,
"bottom": 0.37279
}
],
[
{
"left": 0.03736,
"top": 0.372,
"right": 0.48625,
"bottom": 0.39477
},
{
"left": 0.48621,
"top": 0.37238,
"right": 0.57287,
"bottom": 0.39484
},
{
"left": 0.57283,
"top": 0.37245,
"right": 0.6533,
"bottom": 0.39491
},
{
"left": 0.65325,
"top": 0.37252,
"right": 0.73352,
"bottom": 0.39497
},
{
"left": 0.73349,
"top": 0.37258,
"right": 0.81501,
"bottom": 0.39504
},
{
"left": 0.81497,
"top": 0.37265,
"right": 0.89241,
"bottom": 0.39511
},
{
"left": 0.8924,
"top": 0.37272,
"right": 0.97344,
"bottom": 0.39518
}
],
[
{
"left": 0.03735,
"top": 0.39439,
"right": 0.48621,
"bottom": 0.41831
},
{
"left": 0.48617,
"top": 0.39477,
"right": 0.57283,
"bottom": 0.41838
},
{
"left": 0.57278,
"top": 0.39484,
"right": 0.65325,
"bottom": 0.41845
},
{
"left": 0.6532,
"top": 0.39491,
"right": 0.73349,
"bottom": 0.41852
},
{
"left": 0.73345,
"top": 0.39497,
"right": 0.81497,
"bottom": 0.41859
},
{
"left": 0.81492,
"top": 0.39504,
"right": 0.8924,
"bottom": 0.41865
},
{
"left": 0.89239,
"top": 0.39511,
"right": 0.97345,
"bottom": 0.41872
}
],
[
{
"left": 0.03735,
"top": 0.41793,
"right": 0.48617,
"bottom": 0.44135
},
{
"left": 0.48612,
"top": 0.41831,
"right": 0.57278,
"bottom": 0.44141
},
{
"left": 0.57274,
"top": 0.41838,
"right": 0.6532,
"bottom": 0.44146
},
{
"left": 0.65315,
"top": 0.41845,
"right": 0.73345,
"bottom": 0.44151
},
{
"left": 0.73342,
"top": 0.41852,
"right": 0.81492,
"bottom": 0.44156
},
{
"left": 0.81487,
"top": 0.41859,
"right": 0.89239,
"bottom": 0.44161
},
{
"left": 0.89239,
"top": 0.41865,
"right": 0.97345,
"bottom": 0.44166
}
],
[
{
"left": 0.03734,
"top": 0.44107,
"right": 0.48612,
"bottom": 0.46494
},
{
"left": 0.48608,
"top": 0.44135,
"right": 0.57274,
"bottom": 0.465
},
{
"left": 0.57269,
"top": 0.44141,
"right": 0.65315,
"bottom": 0.46505
},
{
"left": 0.6531,
"top": 0.44146,
"right": 0.73342,
"bottom": 0.46509
},
{
"left": 0.73338,
"top": 0.44151,
"right": 0.81487,
"bottom": 0.46514
},
{
"left": 0.81482,
"top": 0.44156,
"right": 0.89239,
"bottom": 0.46519
},
{
"left": 0.89238,
"top": 0.44161,
"right": 0.97346,
"bottom": 0.46524
}
],
[
{
"left": 0.03734,
"top": 0.46467,
"right": 0.48608,
"bottom": 0.48876
},
{
"left": 0.48603,
"top": 0.46494,
"right": 0.57269,
"bottom": 0.48881
},
{
"left": 0.57264,
"top": 0.465,
"right": 0.6531,
"bottom": 0.48886
},
{
"left": 0.65305,
"top": 0.46505,
"right": 0.73338,
"bottom": 0.48891
},
{
"left": 0.73334,
"top": 0.46509,
"right": 0.81482,
"bottom": 0.48896
},
{
"left": 0.81477,
"top": 0.46514,
"right": 0.89238,
"bottom": 0.489
},
{
"left": 0.89237,
"top": 0.46519,
"right": 0.97346,
"bottom": 0.48905
}
],
[
{
"left": 0.03733,
"top": 0.4885,
"right": 0.48603,
"bottom": 0.51244
},
{
"left": 0.48599,
"top": 0.48876,
"right": 0.57264,
"bottom": 0.51249
},
{
"left": 0.5726,
"top": 0.48881,
"right": 0.65305,
"bottom": 0.51253
},
{
"left": 0.653,
"top": 0.48886,
"right": 0.73334,
"bottom": 0.51257
},
{
"left": 0.73331,
"top": 0.48891,
"right": 0.81477,
"bottom": 0.51261
},
{
"left": 0.81472,
"top": 0.48896,
"right": 0.89237,
"bottom": 0.51265
},
{
"left": 0.89236,
"top": 0.489,
"right": 0.97346,
"bottom": 0.51269
}
],
[
{
"left": 0.03733,
"top": 0.51221,
"right": 0.48599,
"bottom": 0.5358
},
{
"left": 0.48595,
"top": 0.51244,
"right": 0.5726,
"bottom": 0.53585
},
{
"left": 0.57255,
"top": 0.51249,
"right": 0.653,
"bottom": 0.53589
},
{
"left": 0.65295,
"top": 0.51253,
"right": 0.73331,
"bottom": 0.53594
},
{
"left": 0.73327,
"top": 0.51257,
"right": 0.81472,
"bottom": 0.53599
},
{
"left": 0.81467,
"top": 0.51261,
"right": 0.89236,
"bottom": 0.53603
},
{
"left": 0.89236,
"top": 0.51265,
"right": 0.97347,
"bottom": 0.53608
}
],
[
{
"left": 0.03732,
"top": 0.53554,
"right": 0.48595,
"bottom": 0.55894
},
{
"left": 0.4859,
"top": 0.5358,
"right": 0.57255,
"bottom": 0.559
},
{
"left": 0.57251,
"top": 0.53585,
"right": 0.65295,
"bottom": 0.55905
},
{
"left": 0.6529,
"top": 0.53589,
"right": 0.73327,
"bottom": 0.55911
},
{
"left": 0.73323,
"top": 0.53594,
"right": 0.81467,
"bottom": 0.55916
},
{
"left": 0.81463,
"top": 0.53599,
"right": 0.89236,
"bottom": 0.55922
},
{
"left": 0.89235,
"top": 0.53603,
"right": 0.97347,
"bottom": 0.55927
}
],
[
{
"left": 0.03732,
"top": 0.55863,
"right": 0.4859,
"bottom": 0.58207
},
{
"left": 0.48586,
"top": 0.55894,
"right": 0.57251,
"bottom": 0.58212
},
{
"left": 0.57246,
"top": 0.559,
"right": 0.6529,
"bottom": 0.58217
},
{
"left": 0.65285,
"top": 0.55905,
"right": 0.73323,
"bottom": 0.58222
},
{
"left": 0.7332,
"top": 0.55911,
"right": 0.81463,
"bottom": 0.58226
},
{
"left": 0.81458,
"top": 0.55916,
"right": 0.89235,
"bottom": 0.58231
},
{
"left": 0.89234,
"top": 0.55922,
"right": 0.97348,
"bottom": 0.58236
}
],
[
{
"left": 0.03731,
"top": 0.5818,
"right": 0.48586,
"bottom": 0.60532
},
{
"left": 0.48582,
"top": 0.58207,
"right": 0.57246,
"bottom": 0.60537
},
{
"left": 0.57241,
"top": 0.58212,
"right": 0.65285,
"bottom": 0.60541
},
{
"left": 0.6528,
"top": 0.58217,
"right": 0.7332,
"bottom": 0.60546
},
{
"left": 0.73316,
"top": 0.58222,
"right": 0.81458,
"bottom": 0.60551
},
{
"left": 0.81453,
"top": 0.58226,
"right": 0.89234,
"bottom": 0.60555
},
{
"left": 0.89234,
"top": 0.58231,
"right": 0.97348,
"bottom": 0.6056
}
],
[
{
"left": 0.03731,
"top": 0.60505,
"right": 0.48582,
"bottom": 0.62825
},
{
"left": 0.48578,
"top": 0.60532,
"right": 0.57241,
"bottom": 0.6283
},
{
"left": 0.57237,
"top": 0.60537,
"right": 0.6528,
"bottom": 0.62835
},
{
"left": 0.65275,
"top": 0.60541,
"right": 0.73316,
"bottom": 0.6284
},
{
"left": 0.73313,
"top": 0.60546,
"right": 0.81453,
"bottom": 0.62845
},
{
"left": 0.81448,
"top": 0.60551,
"right": 0.89234,
"bottom": 0.6285
},
{
"left": 0.89233,
"top": 0.60555,
"right": 0.97349,
"bottom": 0.62855
}
],
[
{
"left": 0.0373,
"top": 0.62798,
"right": 0.48578,
"bottom": 0.6528
},
{
"left": 0.48573,
"top": 0.62825,
"right": 0.57237,
"bottom": 0.65286
},
{
"left": 0.57232,
"top": 0.6283,
"right": 0.65275,
"bottom": 0.65291
},
{
"left": 0.65269,
"top": 0.62835,
"right": 0.73313,
"bottom": 0.65297
},
{
"left": 0.73309,
"top": 0.6284,
"right": 0.81448,
"bottom": 0.65302
},
{
"left": 0.81443,
"top": 0.62845,
"right": 0.89233,
"bottom": 0.65307
},
{
"left": 0.89232,
"top": 0.6285,
"right": 0.97349,
"bottom": 0.65313
}
],
[
{
"left": 0.0373,
"top": 0.65249,
"right": 0.48573,
"bottom": 0.67554
},
{
"left": 0.48569,
"top": 0.6528,
"right": 0.57232,
"bottom": 0.67558
},
{
"left": 0.57228,
"top": 0.65286,
"right": 0.65269,
"bottom": 0.67562
},
{
"left": 0.65264,
"top": 0.65291,
"right": 0.73309,
"bottom": 0.67567
},
{
"left": 0.73305,
"top": 0.65297,
"right": 0.81443,
"bottom": 0.67571
},
{
"left": 0.81439,
"top": 0.65302,
"right": 0.89232,
"bottom": 0.67575
},
{
"left": 0.89232,
"top": 0.65307,
"right": 0.9735,
"bottom": 0.67579
}
],
[
{
"left": 0.03729,
"top": 0.6753,
"right": 0.48569,
"bottom": 0.69891
},
{
"left": 0.48564,
"top": 0.67554,
"right": 0.57228,
"bottom": 0.69894
},
{
"left": 0.57223,
"top": 0.67558,
"right": 0.65264,
"bottom": 0.69897
},
{
"left": 0.65259,
"top": 0.67562,
"right": 0.73305,
"bottom": 0.699
},
{
"left": 0.73302,
"top": 0.67567,
"right": 0.81439,
"bottom": 0.69903
},
{
"left": 0.81434,
"top": 0.67571,
"right": 0.89232,
"bottom": 0.69906
},
{
"left": 0.89231,
"top": 0.67575,
"right": 0.9735,
"bottom": 0.69909
}
],
[
{
"left": 0.03729,
"top": 0.69875,
"right": 0.48564,
"bottom": 0.72239
},
{
"left": 0.4856,
"top": 0.69891,
"right": 0.57223,
"bottom": 0.72242
},
{
"left": 0.57219,
"top": 0.69894,
"right": 0.65259,
"bottom": 0.72244
},
{
"left": 0.65254,
"top": 0.69897,
"right": 0.73302,
"bottom": 0.72247
},
{
"left": 0.73298,
"top": 0.699,
"right": 0.81434,
"bottom": 0.7225
},
{
"left": 0.81429,
"top": 0.69903,
"right": 0.89231,
"bottom": 0.72252
},
{
"left": 0.8923,
"top": 0.69906,
"right": 0.9735,
"bottom": 0.72255
}
],
[
{
"left": 0.03728,
"top": 0.72223,
"right": 0.4856,
"bottom": 0.74569
},
{
"left": 0.48556,
"top": 0.72239,
"right": 0.57219,
"bottom": 0.7457
},
{
"left": 0.57214,
"top": 0.72242,
"right": 0.65254,
"bottom": 0.74572
},
{
"left": 0.65249,
"top": 0.72244,
"right": 0.73298,
"bottom": 0.74573
},
{
"left": 0.73294,
"top": 0.72247,
"right": 0.81429,
"bottom": 0.74575
},
{
"left": 0.81424,
"top": 0.7225,
"right": 0.8923,
"bottom": 0.74576
},
{
"left": 0.89229,
"top": 0.72252,
"right": 0.97351,
"bottom": 0.74578
}
],
[
{
"left": 0.03728,
"top": 0.7456,
"right": 0.48556,
"bottom": 0.76878
},
{
"left": 0.48551,
"top": 0.74569,
"right": 0.57214,
"bottom": 0.7688
},
{
"left": 0.5721,
"top": 0.7457,
"right": 0.65249,
"bottom": 0.76882
},
{
"left": 0.65244,
"top": 0.74572,
"right": 0.73294,
"bottom": 0.76884
},
{
"left": 0.73291,
"top": 0.74573,
"right": 0.81424,
"bottom": 0.76886
},
{
"left": 0.81419,
"top": 0.74575,
"right": 0.89229,
"bottom": 0.76887
},
{
"left": 0.89229,
"top": 0.74576,
"right": 0.97351,
"bottom": 0.76889
}
]
],
"box": {
"left": 0.03277,
"top": 0.20337,
"right": 0.97885,
"bottom": 0.7775
},
"chunk_id": "table-0",
"job_id": "parse-01m3d769mgctnxm5f5bb9bsw5f",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 21,
"kind": "text",
"text": "Reconciliation of GAAP Net Loss to\nDistributable Loss\n",
"box": {
"left": 0.03279,
"top": 0.08221,
"right": 0.52633,
"bottom": 0.17838
},
"chunk_id": "text-0"
},
{
"page": 21,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75737,
"top": 0.07783,
"right": 0.98395,
"bottom": 0.15122
},
"chunk_id": "logo-0"
},
{
"page": 21,
"kind": "text",
"text": "Totals may not foot or cross-foot due to rounding. Refer to page 22 for definition of Distributable Earnings (Loss).\nA. For the three months ended March 31, 2026, amount includes a $12.9 million charge-off of accrued interest receivable and a $0.3 million charge-off of an exit fee related to the sale of a hospitality loan in March\n2026. For the three months ended December 31, 2025, amount includes a $16.9 million charge-off of accrued interest receivable related to the foreclosure on a land parcel in December 2025 and the mortgage\nforeclosure of a multifamily property in January 2026. For the three months ended June 30, 2025, amount includes a $2.9 million charge-off of accrued interest receivable related to the mortgage foreclosures on\nmultifamily properties in July 2025. For the three months ended March 31, 2025, amount includes a $3.5 million charge-off of accrued interest receivable and a $0.5 million charge-off of an exit fee related to the\ndiscounted payoff of a land loan.\nB. Reflects previously recognized depreciation and amortization on the portions of our mixed-use real estate owned asset that were sold during the year ended December 31, 2025. Amounts not previously\nrecognized in Distributable Earnings (Loss).\n",
"box": {
"left": 0.0336,
"top": 0.82254,
"right": 0.96323,
"bottom": 0.95195
},
"chunk_id": "text-1"
},
{
"page": 21,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03363,
"top": 0.95948,
"right": 0.43161,
"bottom": 0.98198
},
"chunk_id": "text-2"
},
{
"page": 21,
"kind": "marginalia",
"text": "PAGE 20\n",
"box": {
"left": 0.92995,
"top": 0.96201,
"right": 0.97977,
"bottom": 0.98213
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 22,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d76bbsfzfzmpnc4jc6ymzt",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.3,
"reused": false,
"response_artifact": "52ea7b82e603080b.p22.ade.json",
"figures": [],
"tables": [
{
"page": 22,
"cells": [
[
"Book Value per share Reconciliation",
"March 31, 2026",
"December 31, 2025",
"September 30, 2025",
"June 30, 2025"
],
[
"($ amounts in thousands, except for per share data)",
"",
"",
"",
""
],
[
"Total Equity",
"$ 1,492,848",
"$ 1,531,895",
"$ 1,748,811",
"$ 1,757,030"
],
[
"Number of shares of common stock outstanding and RSUs A",
"144,487,311",
"143,285,119",
"142,933,527",
"143,188,717"
],
[
"Book Value per share",
"$ 10.33",
"$ 10.69",
"$ 12.24",
"$ 12.27"
],
[
"Add back: accumulated depreciation and amortization on real estate owned and related lease intangibles",
"0.15",
"0.10",
"0.06",
"0.03"
],
[
"Add back: general CECL reserve",
"0.35",
"0.54",
"0.98",
"0.97"
],
[
"Adjusted Book Value per share 14",
"$ 10.83",
"$ 11.33",
"$ 13.28",
"$ 13.27"
]
],
"cell_boxes": [
[
{
"left": 0.03018,
"top": 0.25175,
"right": 0.41969,
"bottom": 0.27556
},
{
"left": 0.41961,
"top": 0.25176,
"right": 0.56117,
"bottom": 0.27558
},
{
"left": 0.56107,
"top": 0.25177,
"right": 0.69626,
"bottom": 0.27559
},
{
"left": 0.69617,
"top": 0.25177,
"right": 0.83207,
"bottom": 0.27561
},
{
"left": 0.83197,
"top": 0.25178,
"right": 0.96439,
"bottom": 0.27563
}
],
[
{
"left": 0.03017,
"top": 0.27552,
"right": 0.96443,
"bottom": 0.2987
},
null,
null,
null,
null
],
[
{
"left": 0.03015,
"top": 0.29855,
"right": 0.41953,
"bottom": 0.32355
},
{
"left": 0.41945,
"top": 0.29861,
"right": 0.56097,
"bottom": 0.32359
},
{
"left": 0.56086,
"top": 0.29863,
"right": 0.69609,
"bottom": 0.32362
},
{
"left": 0.696,
"top": 0.29865,
"right": 0.83188,
"bottom": 0.32366
},
{
"left": 0.83178,
"top": 0.29868,
"right": 0.96448,
"bottom": 0.32369
}
],
[
{
"left": 0.03014,
"top": 0.32344,
"right": 0.41945,
"bottom": 0.34741
},
{
"left": 0.41937,
"top": 0.32355,
"right": 0.56086,
"bottom": 0.34743
},
{
"left": 0.56076,
"top": 0.32359,
"right": 0.696,
"bottom": 0.34745
},
{
"left": 0.69591,
"top": 0.32362,
"right": 0.83178,
"bottom": 0.34747
},
{
"left": 0.83168,
"top": 0.32366,
"right": 0.96453,
"bottom": 0.34748
}
],
[
{
"left": 0.03012,
"top": 0.34736,
"right": 0.41937,
"bottom": 0.37148
},
{
"left": 0.41929,
"top": 0.34741,
"right": 0.56076,
"bottom": 0.3715
},
{
"left": 0.56066,
"top": 0.34743,
"right": 0.69591,
"bottom": 0.37152
},
{
"left": 0.69582,
"top": 0.34745,
"right": 0.83168,
"bottom": 0.37154
},
{
"left": 0.83159,
"top": 0.34747,
"right": 0.96458,
"bottom": 0.37156
}
],
[
{
"left": 0.03009,
"top": 0.37142,
"right": 0.41929,
"bottom": 0.41278
},
{
"left": 0.41915,
"top": 0.37148,
"right": 0.56066,
"bottom": 0.41279
},
{
"left": 0.56048,
"top": 0.3715,
"right": 0.69582,
"bottom": 0.41279
},
{
"left": 0.69567,
"top": 0.37152,
"right": 0.83159,
"bottom": 0.4128
},
{
"left": 0.83142,
"top": 0.37154,
"right": 0.96466,
"bottom": 0.4128
}
],
[
{
"left": 0.03008,
"top": 0.41277,
"right": 0.41915,
"bottom": 0.4401
},
{
"left": 0.41906,
"top": 0.41278,
"right": 0.56048,
"bottom": 0.44011
},
{
"left": 0.56037,
"top": 0.41279,
"right": 0.69567,
"bottom": 0.44012
},
{
"left": 0.69557,
"top": 0.41279,
"right": 0.83142,
"bottom": 0.44013
},
{
"left": 0.83131,
"top": 0.4128,
"right": 0.96472,
"bottom": 0.44013
}
],
[
{
"left": 0.03006,
"top": 0.44008,
"right": 0.41906,
"bottom": 0.46408
},
{
"left": 0.41898,
"top": 0.4401,
"right": 0.56037,
"bottom": 0.4641
},
{
"left": 0.56027,
"top": 0.44011,
"right": 0.69557,
"bottom": 0.46413
},
{
"left": 0.69548,
"top": 0.44012,
"right": 0.83131,
"bottom": 0.46415
},
{
"left": 0.83121,
"top": 0.44013,
"right": 0.96477,
"bottom": 0.46417
}
]
],
"box": {
"left": 0.02661,
"top": 0.24698,
"right": 0.96941,
"bottom": 0.47326
},
"chunk_id": "table-0",
"job_id": "parse-01m3d76bbsfzfzmpnc4jc6ymzt",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 22,
"cells": [
[
"Net Debt-to-Equity and Total Leverage Reconciliation",
"March 31, 2026",
"December 31, 2025",
"September 30, 2025",
"June 30, 2025"
],
[
"($ amounts in thousands)",
"",
"",
"",
""
],
[
"Asset specific debt",
"$ 2,163,973",
"$ 2,595,580",
"$ 2,938,222",
"$ 3,311,106"
],
[
"Secured term loan, net",
"465,577",
"549,447",
"707,678",
"708,378"
],
[
"Total debt",
"2,692,550",
"3,145,027",
"3,645,900",
"4,019,484"
],
[
"Less: cash and cash equivalents",
"(116,782)",
"(173,186)",
"(339,518)",
"(209,204)"
],
[
"Net Debt",
"$ 2,512,768",
"$ 2,971,841",
"$ 3,306,382",
"$ 3,810,280"
],
[
"Total Equity",
"$ 1,492,848",
"$ 1,531,895",
"$ 1,748,811",
"$ 1,757,030"
],
[
"Net Debt-to-Equity Ratio 10, 14",
"1.7x",
"1.9x",
"1.9x",
"2.2x"
],
[
"Non-consolidated senior loans",
"$ 830,000",
"$ 830,000",
"$ 830,000",
"$ 830,000"
],
[
"Total Leverage",
"$ 3,342,768",
"$ 3,801,841",
"$ 4,136,382",
"$ 4,640,280"
],
[
"Total Leverage Ratio 11, 14",
"2.2x",
"2.5x",
"2.4x",
"2.6x"
]
],
"cell_boxes": [
[
{
"left": 0.0299,
"top": 0.48816,
"right": 0.41981,
"bottom": 0.51189
},
{
"left": 0.41974,
"top": 0.48817,
"right": 0.56136,
"bottom": 0.51191
},
{
"left": 0.5613,
"top": 0.48817,
"right": 0.69698,
"bottom": 0.51194
},
{
"left": 0.69691,
"top": 0.48818,
"right": 0.83192,
"bottom": 0.51196
},
{
"left": 0.8319,
"top": 0.48818,
"right": 0.96519,
"bottom": 0.51198
}
],
[
{
"left": 0.02993,
"top": 0.51182,
"right": 0.41974,
"bottom": 0.53475
},
{
"left": 0.41967,
"top": 0.51189,
"right": 0.5613,
"bottom": 0.53478
},
{
"left": 0.56126,
"top": 0.51191,
"right": 0.69691,
"bottom": 0.53481
},
{
"left": 0.69686,
"top": 0.51194,
"right": 0.8319,
"bottom": 0.53484
},
{
"left": 0.83187,
"top": 0.51196,
"right": 0.9652,
"bottom": 0.53487
}
],
[
{
"left": 0.02995,
"top": 0.53467,
"right": 0.41967,
"bottom": 0.55881
},
{
"left": 0.4196,
"top": 0.53475,
"right": 0.56126,
"bottom": 0.55884
},
{
"left": 0.5612,
"top": 0.53478,
"right": 0.69686,
"bottom": 0.55887
},
{
"left": 0.69679,
"top": 0.53481,
"right": 0.83187,
"bottom": 0.5589
},
{
"left": 0.83185,
"top": 0.53484,
"right": 0.96521,
"bottom": 0.55893
}
],
[
{
"left": 0.02997,
"top": 0.55872,
"right": 0.4196,
"bottom": 0.58403
},
{
"left": 0.41953,
"top": 0.55881,
"right": 0.5612,
"bottom": 0.58405
},
{
"left": 0.56115,
"top": 0.55884,
"right": 0.69679,
"bottom": 0.58406
},
{
"left": 0.69673,
"top": 0.55887,
"right": 0.83185,
"bottom": 0.58408
},
{
"left": 0.83182,
"top": 0.5589,
"right": 0.96522,
"bottom": 0.5841
}
],
[
{
"left": 0.03,
"top": 0.58397,
"right": 0.41953,
"bottom": 0.60664
},
{
"left": 0.41946,
"top": 0.58403,
"right": 0.56115,
"bottom": 0.60665
},
{
"left": 0.5611,
"top": 0.58405,
"right": 0.69673,
"bottom": 0.60665
},
{
"left": 0.69667,
"top": 0.58406,
"right": 0.83182,
"bottom": 0.60666
},
{
"left": 0.8318,
"top": 0.58408,
"right": 0.96523,
"bottom": 0.60667
}
],
[
{
"left": 0.03002,
"top": 0.60662,
"right": 0.41946,
"bottom": 0.63216
},
{
"left": 0.41938,
"top": 0.60664,
"right": 0.5611,
"bottom": 0.63215
},
{
"left": 0.56105,
"top": 0.60665,
"right": 0.69667,
"bottom": 0.63214
},
{
"left": 0.6966,
"top": 0.60665,
"right": 0.8318,
"bottom": 0.63214
},
{
"left": 0.83177,
"top": 0.60666,
"right": 0.96525,
"bottom": 0.63214
}
],
[
{
"left": 0.03005,
"top": 0.63215,
"right": 0.41938,
"bottom": 0.65407
},
{
"left": 0.41931,
"top": 0.63214,
"right": 0.56105,
"bottom": 0.65404
},
{
"left": 0.561,
"top": 0.63214,
"right": 0.6966,
"bottom": 0.65403
},
{
"left": 0.69655,
"top": 0.63214,
"right": 0.83177,
"bottom": 0.65401
},
{
"left": 0.83175,
"top": 0.63213,
"right": 0.96526,
"bottom": 0.654
}
],
[
{
"left": 0.03007,
"top": 0.65404,
"right": 0.41931,
"bottom": 0.67984
},
{
"left": 0.41924,
"top": 0.65403,
"right": 0.561,
"bottom": 0.6798
},
{
"left": 0.56094,
"top": 0.65401,
"right": 0.69655,
"bottom": 0.67979
},
{
"left": 0.69648,
"top": 0.654,
"right": 0.83175,
"bottom": 0.67977
},
{
"left": 0.83172,
"top": 0.65399,
"right": 0.96527,
"bottom": 0.67976
}
],
[
{
"left": 0.03009,
"top": 0.6798,
"right": 0.41924,
"bottom": 0.70396
},
{
"left": 0.41916,
"top": 0.67979,
"right": 0.56094,
"bottom": 0.70394
},
{
"left": 0.56089,
"top": 0.67977,
"right": 0.69648,
"bottom": 0.70394
},
{
"left": 0.69642,
"top": 0.67976,
"right": 0.83172,
"bottom": 0.70393
},
{
"left": 0.8317,
"top": 0.67974,
"right": 0.96528,
"bottom": 0.70392
}
],
[
{
"left": 0.03012,
"top": 0.70394,
"right": 0.41916,
"bottom": 0.72784
},
{
"left": 0.41909,
"top": 0.70394,
"right": 0.56089,
"bottom": 0.72783
},
{
"left": 0.56084,
"top": 0.70393,
"right": 0.69642,
"bottom": 0.72783
},
{
"left": 0.69636,
"top": 0.70392,
"right": 0.8317,
"bottom": 0.72782
},
{
"left": 0.83167,
"top": 0.70392,
"right": 0.96529,
"bottom": 0.72782
}
],
[
{
"left": 0.03014,
"top": 0.72783,
"right": 0.41909,
"bottom": 0.75161
},
{
"left": 0.41902,
"top": 0.72783,
"right": 0.56084,
"bottom": 0.75162
},
{
"left": 0.56079,
"top": 0.72782,
"right": 0.69636,
"bottom": 0.75163
},
{
"left": 0.6963,
"top": 0.72782,
"right": 0.83167,
"bottom": 0.75163
},
{
"left": 0.83165,
"top": 0.72782,
"right": 0.9653,
"bottom": 0.75164
}
],
[
{
"left": 0.03016,
"top": 0.75159,
"right": 0.41902,
"bottom": 0.77534
},
{
"left": 0.41895,
"top": 0.75161,
"right": 0.56079,
"bottom": 0.77536
},
{
"left": 0.56074,
"top": 0.75162,
"right": 0.6963,
"bottom": 0.77538
},
{
"left": 0.69623,
"top": 0.75163,
"right": 0.83165,
"bottom": 0.7754
},
{
"left": 0.83162,
"top": 0.75163,
"right": 0.96532,
"bottom": 0.77542
}
]
],
"box": {
"left": 0.02615,
"top": 0.48402,
"right": 0.96954,
"bottom": 0.78405
},
"chunk_id": "table-1",
"job_id": "parse-01m3d76bbsfzfzmpnc4jc6ymzt",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 22,
"kind": "text",
"text": "Adjusted Book Value per share, Net Debt-to-\nEquity and Total Leverage Calculations\n",
"box": {
"left": 0.02955,
"top": 0.08111,
"right": 0.65088,
"bottom": 0.18254
},
"chunk_id": "text-0"
},
{
"page": 22,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75899,
"top": 0.08,
"right": 0.98255,
"bottom": 0.14789
},
"chunk_id": "logo-0"
},
{
"page": 22,
"kind": "text",
"text": "See Endnotes in the Appendix.\nA. As of March 31, 2026, amount excludes 7,542,227 warrants outstanding as the exercise price of $4.00 per share exceeded the closing share price of our common stock.\n",
"box": {
"left": 0.03498,
"top": 0.92353,
"right": 0.77832,
"bottom": 0.95702
},
"chunk_id": "text-1"
},
{
"page": 22,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03371,
"top": 0.96031,
"right": 0.43252,
"bottom": 0.9823
},
"chunk_id": "text-2"
},
{
"page": 22,
"kind": "marginalia",
"text": "PAGE 21\n",
"box": {
"left": 0.92962,
"top": 0.96211,
"right": 0.97921,
"bottom": 0.98245
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 23,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d76bma651k8b18yt8bhaa3",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 2.3,
"reused": false,
"response_artifact": "52ea7b82e603080b.p23.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 23,
"kind": "text",
"text": "Important Notices\n",
"box": {
"left": 0.03585,
"top": 0.13071,
"right": 0.28451,
"bottom": 0.17717
},
"chunk_id": "text-0"
},
{
"page": 23,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75842,
"top": 0.08052,
"right": 0.98199,
"bottom": 0.14816
},
"chunk_id": "logo-0"
},
{
"page": 23,
"kind": "text",
"text": "The information herein generally speaks as of the date hereof or such earlier date referred to on specific pages herein. In furnishing this document, Claros Mortgage Trust, Inc. and its consolidated subsidiaries\n(the \"Company\" or \"CMTG\") do not undertake to update the information herein. No legal commitment or obligation shall arise by the provision of this presentation. All financial information is provided for general\nreference purposes only and is superseded by, and is qualified in its entirety by reference to, CMTG's financial statements.\n",
"box": {
"left": 0.03386,
"top": 0.18967,
"right": 0.95897,
"bottom": 0.24177
},
"chunk_id": "text-1"
},
{
"page": 23,
"kind": "text",
"text": "**No Offer or Solicitation**\nThis document does not constitute (i) an offer to sell or a solicitation of an offer to purchase any securities in CMTG, (ii) a means by which any other investment may be offered or sold or (iii) advice or an\nexpression of our view as to whether an investment in CMTG is suitable for any person.\n",
"box": {
"left": 0.03403,
"top": 0.24546,
"right": 0.95776,
"bottom": 0.29608
},
"chunk_id": "text-2"
},
{
"page": 23,
"kind": "text",
"text": "**Portfolio Metrics; Basis of Accounting**\nThe performance information set forth in this document has generally been prepared on the basis of generally accepted accounting principles in the United States (U.S. GAAP). The basis on which CMTG's\noperating metrics are presented in this document may vary from other reports or documents that CMTG prepares from time to time for internal or external use.\n",
"box": {
"left": 0.0342,
"top": 0.29915,
"right": 0.95803,
"bottom": 0.35197
},
"chunk_id": "text-3"
},
{
"page": 23,
"kind": "text",
"text": "**Net Debt / Equity Ratio, Total Leverage Ratio, and Distributable Earnings (Loss)**\nNet Debt / Equity Ratio, Total Leverage Ratio, and Distributable Earnings (Loss) are non-GAAP measures used to evaluate the Company’s performance excluding the effects of certain transactions, non-cash\nitems and GAAP adjustments, as determined by our Manager. Net Debt / Equity Ratio is a non-GAAP measure, which the Company defines as the ratio of asset-specific debt and Secured Term Loan, less cash\nand cash equivalents, to total equity. Total Leverage Ratio is a non-GAAP measure, which the Company defines as the ratio of asset-specific debt and Secured Term Loan, plus non-consolidated senior interests\nheld by third parties, less cash and cash equivalents, to total equity. Distributable Earnings (Loss) is a non-GAAP measure, which the Company defines as net income (in accordance with GAAP, excluding (i)\nnon-cash stock-based compensation expense, (ii) real estate owned held-for-investment depreciation and amortization, (iii) any unrealized gains or losses from mark-to-market valuation changes (other than\npermanent impairments) that are included in net income (loss) for the applicable period, (iv) one-time events pursuant to changes in GAAP and (v) certain non-cash items, which in the judgment of the Company’s\nManager, should not be included in Distributable Earnings (Loss). Furthermore, the Company presents Distributable Earnings (Loss) prior to realized gains and losses, which such gains and losses include charge-\noffs of principal, accrued interest receivable, and/or exit fees, as the Company believes this more easily allows the Board, Manager, and investors to compare the Company’s operating performance to our peers,\nto assess our ability to declare and pay dividends, and to determine our compliance with certain financial covenants. Pursuant to the Management Agreement, the Company uses Core Earnings, which is\nsubstantially the same as Distributable Earnings (Loss) excluding incentive fees, to determine the incentive fees the Company pays our Manager.\n",
"box": {
"left": 0.03437,
"top": 0.35921,
"right": 0.95854,
"bottom": 0.53166
},
"chunk_id": "text-4"
},
{
"page": 23,
"kind": "text",
"text": "The Company believes that Distributable Earnings (Loss) and Distributable Earnings (Loss) prior to realized gains and losses provide meaningful information to consider in addition to net income (loss) and cash\nflows from operating activities in accordance with GAAP. Distributable Earnings (Loss) and Distributable Earnings (Loss) prior to realized gains and losses do not represent net income (loss) or cash flows from\noperating activities in accordance with GAAP and should not be considered as an alternative to GAAP net income (loss), an indication of cash flows from operating activities, a measure of liquidity or an indication\nof funds available for cash needs. In addition, the Company's methodology for calculating these non-GAAP measures may differ from the methodologies employed by other companies to calculate the same or\nsimilar supplemental performance measures and, accordingly, the Company's reported Distributable Earnings (Loss) and Distributable Earnings (Loss) prior to realized gains and losses may not be comparable to\nthe Distributable Earnings (Loss) and Distributable Earnings (Loss) prior to realized gains and losses reported by other companies.\n",
"box": {
"left": 0.03417,
"top": 0.53921,
"right": 0.95808,
"bottom": 0.63743
},
"chunk_id": "text-5"
},
{
"page": 23,
"kind": "text",
"text": "In order to maintain the Company's status as a REIT, the Company is required to distribute at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net\ncapital gain, as dividends. Distributable Earnings (Loss), Distributable Earnings (Loss) prior to realized gains and losses, and other similar measures, have historically been a useful indicator over time of a\nmortgage REIT's ability to cover its dividends, and to mortgage REITs themselves in determining the amount of any dividends to declare. Distributable Earnings (Loss) and Distributable Earnings (loss) prior to\nrealized gains and losses are key factors, among others, considered by the Company's Board in determining the dividend each quarter and as such the Company believes Distributable Earnings (Loss) and\nDistributable Earnings (Loss) prior to realized gains and losses are also useful to investors.\n",
"box": {
"left": 0.03426,
"top": 0.64563,
"right": 0.95856,
"bottom": 0.72727
},
"chunk_id": "text-6"
},
{
"page": 23,
"kind": "text",
"text": "While Distributable Earnings (Loss) excludes the impact of our provision for or reversal of current expected credit loss reserve, charge-offs of principal, accrued interest receivable, and/or exit fees are recognized\nthrough Distributable Earnings (Loss) when deemed non-recoverable. Non-recoverability is determined (i) upon the resolution of a loan (i.e., when the loan is repaid, fully or partially, when we acquire title in the\ncase of foreclosure, deed-in-lieu of foreclosure, or assignment-in-lieu of foreclosure, or when the loan is sold or anticipated to be sold for an amount less than its carrying value), or (ii) with respect to any amount\ndue under any loan, when such amount is determined to be uncollectible.\n",
"box": {
"left": 0.03479,
"top": 0.73541,
"right": 0.95859,
"bottom": 0.80321
},
"chunk_id": "text-7"
},
{
"page": 23,
"kind": "text",
"text": "In determining Distributable Earnings (Loss) per share and Distributable Earnings per share prior to realized gains and losses, the dilutive effects of unvested RSUs and warrants outstanding are considered. The\nweighted average diluted shares outstanding used for Distributable Earnings (Loss) and Distributable Earnings per share prior to realized gains and losses have been adjusted from weighted average diluted\nshares under GAAP to include weighted average unvested RSUs and warrants outstanding, if the exercise price of the warrants outstanding exceeds the average share price of our common stock during such\nperiod.\n",
"box": {
"left": 0.03449,
"top": 0.81143,
"right": 0.95853,
"bottom": 0.87938
},
"chunk_id": "text-8"
},
{
"page": 23,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03418,
"top": 0.9601,
"right": 0.42999,
"bottom": 0.98241
},
"chunk_id": "text-9"
},
{
"page": 23,
"kind": "marginalia",
"text": "PAGE 22\n",
"box": {
"left": 0.93047,
"top": 0.9623,
"right": 0.97995,
"bottom": 0.98208
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 24,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d76dg42dzyke9yxn0dhhwq",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p24.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 24,
"kind": "text",
"text": "Important Notices (cont'd)\n",
"box": {
"left": 0.03547,
"top": 0.129,
"right": 0.39348,
"bottom": 0.18081
},
"chunk_id": "text-0"
},
{
"page": 24,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75847,
"top": 0.08068,
"right": 0.98197,
"bottom": 0.14855
},
"chunk_id": "logo-0"
},
{
"page": 24,
"kind": "text",
"text": "**Adjusted Book Value Per Share**\nAdjusted Book Value per Share is a non-GAAP financial measure. We believe that presenting book value per share adjusted for our general current expected credit loss reserve and accumulated depreciation and\namortization on our real estate owned held-for-investment is useful for investors as it enhances the comparability to our peers who may not hold real estate investments. Further, we believe that our investors and\nlenders consider book value excluding these items as an important metric related to our overall capitalization.\n",
"box": {
"left": 0.03328,
"top": 0.19864,
"right": 0.95309,
"bottom": 0.26563
},
"chunk_id": "text-1"
},
{
"page": 24,
"kind": "text",
"text": "**Determinations of Loan-to-Value / Loan-to-Cost**\nAdjusted LTV represents “loan-to-value” or “loan-to-cost” upon origination and updated only in connection with a partial loan paydown and/or release of collateral, material changes to expected project costs, the\nreceipt of a new appraisal (typically in connection with financing or refinancing activity) or a change in our loan commitment. LTV determined upon origination is calculated as our total loan commitment upon\norigination, as if fully funded, plus any financings that are pari passu with or senior to our loan, divided by our estimate of either (1) the value of the underlying real estate, determined in accordance with our\nunderwriting process (typically consistent with, if not less than, the value set forth in a third-party appraisal) or (2) the borrower’s projected, fully funded cost basis in the asset, in each case as we deem appropriate\nfor the relevant loan and other loans with similar characteristics. Adjusted LTV, origination LTV, underwritten values, and/or project costs should not be assumed to reflect our judgment of current market values or\nproject costs, which may have changed materially since the date of the most recent determination of LTV. Weighted average adjusted LTV is based on loan commitment, including non-consolidated senior interests\nand pari passu interests, and includes risk rated 5 loans. Loans with specific CECL reserves are reflected as 100% LTV.\n",
"box": {
"left": 0.03441,
"top": 0.2679,
"right": 0.96444,
"bottom": 0.39484
},
"chunk_id": "text-2"
},
{
"page": 24,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.0341,
"top": 0.96018,
"right": 0.43028,
"bottom": 0.9825
},
"chunk_id": "text-3"
},
{
"page": 24,
"kind": "marginalia",
"text": "PAGE 23\n",
"box": {
"left": 0.93036,
"top": 0.96231,
"right": 0.97937,
"bottom": 0.98194
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 25,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d76fnehzsrsqqjhthbhy03",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 2.1,
"reused": false,
"response_artifact": "52ea7b82e603080b.p25.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 25,
"kind": "text",
"text": "Important Notices (cont'd)\n",
"box": {
"left": 0.03611,
"top": 0.13007,
"right": 0.39357,
"bottom": 0.17983
},
"chunk_id": "text-0"
},
{
"page": 25,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75811,
"top": 0.08125,
"right": 0.9821,
"bottom": 0.14718
},
"chunk_id": "logo-0"
},
{
"page": 25,
"kind": "text",
"text": "**Forward-Looking Statements**\nThis document and oral statements made in connection therewith contain forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements express CMTG's views\nregarding future plans and expectations. They include statements that include words such as \"may,\" \"could,\" \"would,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\" \"plan,\" \"estimate,\" \"target,\" \"project,\" \"plan,\" \"intend\"\nand similar words or expressions. Forward-looking statements in this presentation include, but are not limited to, statements regarding future operations, business strategy, cash flows, income, costs, expenses,\nliabilities and profits of CMTG. These statements are based on numerous assumptions and are subject to risks, uncertainties or change in circumstances that are difficult to predict or quantify. Actual future results\nmay vary materially from those expressed or implied in these forward-looking statements, and CMTG's business, financial condition, liquidity, results of operations and prospects could be materially and adversely\naffected by numerous factors, including such known and unknown risks and uncertainties. As a result, forward-looking statements should be understood to be only predictions and statements of our current beliefs,\nand are not guarantees of performance. Statements regarding the following subjects, among others, may be forward-looking:\n - our business and investment strategy;\n - changes in interest rates and their impact on our borrowers and on the availability and cost of our financing;\n - our projected operating results;\n - defaults by borrowers in paying debt service on outstanding loans;\n - anticipated timing, amount, and pace of resolutions of our investments;\n - the timing of cash flows, if any, from our investments;\n - our ability to maintain levels of liquidity that meet or exceed our liquidity needs;\n - the state of and uncertainty surrounding the U.S. and global economy generally or in specific geographic regions;\n - reduced demand for office, multifamily or retail space, including as a result of the increase in remote and/or hybrid work trends which allow work from remote locations other than the employer's office premises;\n - governmental actions and initiatives and changes to government regulations and policies, including changes in monetary policy;\n - the amount of commercial mortgage loans requiring refinancing;\n - our ability to obtain and maintain financing arrangements on attractive terms, or at all;\n - our ability to maintain compliance with covenants under our financing arrangements;\n - current and prospective financing costs and advance rates for our existing and target assets;\n - our expected leverage;\n - general volatility of the capital markets and the markets in which we may invest and in which our borrowers;\n - the state of the regional, national, and global banking systems;\n - the return on or impact of current and future investments, including our loan portfolio and real estate owned assets;\n - allocation of investment opportunities to us by our Manager and our Sponsor;\n - changes in the markets in which we and our borrowers operate and the impacts thereof;\n - changes in the market value of our investments and collateral underlying our investments;\n - The effects of hedging instruments on our existing and target assets;\n - rates of default, decreased recovery rates, and/or increased loss severity rates on our existing and target assets and related impairment charges, including as these relate to our real estate owned assets;\n - the degree to which our hedging strategies may or may not protect us from interest rate volatility;\n - changes in governmental regulations, tax laws and rates, and similar matters (including the interpretation thereof);\n - our ability to maintain our qualification as a real estate investment trust; our ability to maintain our exclusion from registration under the Investment Company Act of 1940, as amended;\n - the availability and attractiveness of investment opportunities we are able to originate in our target assets;\n - the ability of our Manager to locate suitable investments for us, monitor, service and administer our investments and execute our investment strategy;\n - the availability of qualified personnel from our Sponsor and its affiliates, including our Manager;\n - estimates relating to our ability to pay or resume paying dividends to our stockholders in the future;\n - our understanding of our competition;\n - impact of increased competition on projected returns;\n - the risk of securities class action litigation or stockholder activism;\n - geopolitical or economic conditions or uncertainty, which may include military conflicts and activities (including the military conflicts between Russia and Ukraine, Israel and Hamas, and elsewhere throughout\nthe Middle East, North Africa, and South America more broadly), tensions involving Russia, China, and Iran, political instability, social unrest, civil disturbances, terrorism, natural disasters and pandemics; and\n - market trends in our industry, interest rates, real estate values, the debt markets generally, the CRE debt market or the general economy.\n",
"box": {
"left": 0.03252,
"top": 0.18546,
"right": 0.96661,
"bottom": 0.8542
},
"chunk_id": "text-1"
},
{
"page": 25,
"kind": "text",
"text": "The forward-looking statements are based on CMTG's beliefs, assumptions and expectations of CMTG's future performance, taking into account all information currently available. You should not place undue\nreliance on these forward-looking statements. These beliefs, assumptions, and expectations can change as a result of many possible events or factors, not all of which are known to CMTG. If a change occurs,\nCMTG's business, financial condition, liquidity, results of operations and prospects may vary materially from those expressed in any forward-looking statements. Any forward-looking statement speaks only as of the\ndate on which it is made. New risks and uncertainties arise over time, and it is not possible for CMTG to predict those events or how they may affect CMTG. Except as required by law, CMTG is not obligated to, and\ndoes not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.\n",
"box": {
"left": 0.03425,
"top": 0.85468,
"right": 0.96569,
"bottom": 0.93483
},
"chunk_id": "text-2"
},
{
"page": 25,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03393,
"top": 0.95979,
"right": 0.4309,
"bottom": 0.98276
},
"chunk_id": "text-3"
},
{
"page": 25,
"kind": "marginalia",
"text": "PAGE 24\n",
"box": {
"left": 0.93028,
"top": 0.96209,
"right": 0.97951,
"bottom": 0.98202
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 26,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m3d76j5cvkfhyrwbrbvc3wd7",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.5,
"reused": false,
"response_artifact": "52ea7b82e603080b.p26.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 26,
"kind": "text",
"text": "Endnotes\n",
"box": {
"left": 0.03463,
"top": 0.12877,
"right": 0.17459,
"bottom": 0.17706
},
"chunk_id": "text-0"
},
{
"page": 26,
"kind": "logo",
"text": "CMTG\nCLAROS\nMORTGAGE\nTRUST\n",
"box": {
"left": 0.75686,
"top": 0.07851,
"right": 0.98355,
"bottom": 0.14991
},
"chunk_id": "logo-0"
},
{
"page": 26,
"kind": "text",
"text": "1. Refer to page 20 for a reconciliation of net income (loss) to distributable earnings (loss) and distributable earnings (loss) prior to realized gains and losses.\n2. Refer to page 2 for further discussion of loan resolution activity. Amount based on unpaid principal balance prior to principal charge-offs, if any.\n3. Excludes our real estate owned (REO) assets, unless otherwise noted.\n4. Based on carrying value net of specific CECL reserves; excludes loans held-for-sale if applicable.\n5. Based on total loan commitments.\n6. Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans (if any), and pari passu participations in senior mortgage loans.\n7. Total liquidity includes cash and approved and undrawn credit capacity based on existing collateral.\n8. Carrying value includes lease related intangible assets and liabilities, if applicable, included in other assets and other liabilities on the consolidated balance sheets, and is net of related accumulated depreciation and amortization.\n9. At March 31, 2026, we had unfunded loan commitments of $204 million and $91 million of in-place financings to fund our remaining unfunded loan commitments, excluding $15 million of approved and undrawn credit capacity based on existing collateral. Of our unfunded loan commitments, conditions to funding may not be met by our borrowers and portions of our unfunded loan commitments may not become eligible to be or expected to be drawn on (relating to loans on non-accrual status, loans in maturity default, loans risk rated 5 and/or delinquent loans) resulting in net unfunded loan commitments of $5 million.\n10. Net Debt / Equity Ratio is a non-GAAP measure and is calculated as the ratio of asset-specific debt and Secured Term Loan, less cash and cash equivalents, to total equity. Refer to page 21 for a reconciliation of Net Debt / Equity Ratio. For further information, please refer to Item 7 (MD&A) of our Form 10-Ks and/or Item 2 (MD&A) of our Form 10-Qs.\n11. Total Leverage Ratio is a non-GAAP measure and is calculated as the ratio of asset-specific debt and Secured Term Loan, plus non-consolidated senior interests held by third parties, less cash and cash equivalents, to total equity. Refer to page 21 for a reconciliation of Total Leverage Ratio. For further information, please refer to Item 7 (MD&A) of our Form 10-Ks and/or Item 2 (MD&A) of our Form 10-Qs.\n12. Excludes loans receivable held-for-sale, if any.\n13. Loan commitment represents principal outstanding plus remaining unfunded loan commitments.\n14. See Important Notices beginning on page 22 for additional information on this metric.\n15. All-in yield represents the weighted average annualized yield to initial maturity of each loan held-for-investment, inclusive of coupon and contractual fees, based on the applicable floating benchmark rate/floors (if applicable), in place as of March 31, 2026. For loans placed on non-accrual, the annualized yield to initial maturity used in calculating the weighted average annualized yield to initial maturity is 0%.\n16. At March 31, 2026, mixed-use consists of 3% office, 2% life science, 2% hospitality, 2% multifamily, and 1% retail. Mixed-use allocations are based on allocable square footage except where another method is deemed more appropriate under the applicable facts and circumstances.\n17. Reflects loan for which no specific reserve is recorded as amounts deemed uncollectible have been charged-off as of March 31, 2026.\n18. Weighted average spread excludes SOFR floors and is based upon unpaid principal balance.\n19. See page 12 and 21 for book value bridge.\n20. Includes CECL reserves on unfunded loan commitments. Such reserves are included within other liabilities on the consolidated balance sheet.\n\n\n\n\n\n\n\n\n\n\n",
"box": {
"left": 0.03213,
"top": 0.19257,
"right": 0.97213,
"bottom": 0.82989
},
"chunk_id": "text-1"
},
{
"page": 26,
"kind": "text",
"text": "CLAROS MORTGAGE TRUST, INC. FIRST QUARTER 2026 EARNINGS SUPPLEMENT\n",
"box": {
"left": 0.03318,
"top": 0.95965,
"right": 0.43133,
"bottom": 0.98301
},
"chunk_id": "text-2"
},
{
"page": 26,
"kind": "marginalia",
"text": "PAGE 25\n",
"box": {
"left": 0.92955,
"top": 0.96171,
"right": 0.98042,
"bottom": 0.98256
},
"chunk_id": "marginalia-0"
}
]
}
],
"errors": [
"page 3: figure marker '2' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 4: figure marker '3' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 4: figure marker '4' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 4: figure marker '12' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 4: figure marker '16' names a section of the document and no heading opens with it",
"page 6: figure marker '2' names a section of the document and no heading opens with it",
"page 6: figure marker '12' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 10: figure marker '7' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 12: figure marker '10' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 12: figure marker '11' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 12: figure marker '14' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 13: figure marker '14' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 13: figure marker '1' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 1: picture #/pictures/0 (photograph) was read by nothing — the scan returned no figure over it and the document holds no table there; whatever it shows is not in the document",
"page 1: picture #/pictures/1 (photograph) was read by nothing — the scan returned no figure over it and the document holds no table there; whatever it shows is not in the document",
"page 1: picture #/pictures/2 (photograph) was read by nothing — the scan returned no figure over it and the document holds no table there; whatever it shows is not in the document"
],
"removed": [
{
"page": 7,
"text": "69%",
"box": [
0.571810640625,
0.7322663078520886,
0.5969493662552515,
0.7466355168322218
],
"reason": "percentage segment label on donut chart"
}
]
}