Claros Mortgage Trust reported a GAAP net loss of $255.4 million ($1.81 per share) for the quarter ended June 30, 2026, driven by a $208.8 million provision for current expected credit loss reserves and $29.6 million in valuation adjustments on real estate owned assets held-for-sale. Distributable loss was $90.8 million ($0.63 per share). The company resolved one watchlist loan via foreclosure and sold a multifamily REO asset for $48.0 million. At quarter-end, the held-for-investment loan portfolio stood at $2.8 billion with a 5.8% weighted average yield, while book value was $8.58 per share. Subsequent to June 30, net financings decreased by an additional $299 million through deleveraging and loan resolutions. Claros Mortgage Trust operates as a real estate investment trust focused on originating senior and subordinate loans on transitional commercial real estate assets in major U.S. markets.