Claros Mortgage Trust CMTG Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 19, 2026 astatine 10:20 AM CST 28 min read

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Thursday, Feb. 19, 2026 astatine 10 a.m. ET

• Chief Executive Officer and Chairman — Richard Jay Mack

• President, Chief Financial Officer, and Director — John Michael McGillis

• Vice President, Credit Strategies, Mack Real Estate Group — Priyanka Garg

• Vice President, Investor Relations — Anne Wynn

I volition beryllium your league facilitator today. All participants volition beryllium successful a listen-only mode. After the speakers' remarks, determination volition beryllium a question-and-answer period. If you privation to inquire a question astatine this time, delight property prima followed by 1 connected your telephone keypads. I would present similar to manus the telephone implicit to Anne Wynn, Vice President of Investor Relations astatine Claros Mortgage Trust, Inc. Please proceed. Thank you. Joined by Richard Jay Mack, Chief Executive Officer and Chairman of Claros Mortgage Trust, Inc.

Anne Wynn: And John Michael McGillis, President, Chief Financial Officer, and Director of Claros Mortgage Trust, Inc. We besides person Priyanka Garg, Vice President who leads recognition strategies for Mack Real Estate Group. Prior to this call, we distributed CMTG's net merchandise and supplement. We promote you to notation these documents successful conjunction with the accusation presented connected today's call. If you person immoderate questions, delight interaction me. I would similar to punctual everyone that today's telephone whitethorn see forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995. Actual results whitethorn disagree materially from those indicated by these forward-looking statements arsenic a effect of assorted important factors, including those disclosed successful our different filings with the SEC.

Any forward-looking statements made connected this telephone correspond our views lone arsenic of today, and we undertake nary work to update them. We volition besides beryllium referring to definite non-GAAP fiscal measures connected today's telephone specified arsenic distributable earnings, which we judge whitethorn beryllium important to investors to measure our operating performance. For reconciliations of non-GAAP measures to the nearest GAAP equivalent, delight notation to the net supplement. I volition present crook the telephone implicit to Richard.

Richard Jay Mack: Thank you, Anne, and convey you each for joining america this greeting for CMTG's 4th fourth net call. CMTG made a meaningful magnitude of advancement past year, executing connected respective captious way items. In 2025, we accomplished the priorities we established astatine the commencement of the year, including resolving ticker database loans, enhancing liquidity, and further deleveraging the portfolio. One twelvemonth ago, we established a $2,000,000,000 full solution people for 2025, and I americium pleased to study that we meaningfully exceeded this target, closing the twelvemonth with $2,500,000,000 of full resolutions. This included the solution of 11 ticker database loans representing an aggregate UPB of $1,300,000,000.