Claros Mortgage Trust, Inc. (NYSE: CMTG) has announced a dividend of $0.25 per share of common stock for the third quarter of 2023. The company aims to establish a sustainable dividend level given the ongoing dislocation in the real estate capital market.
The dividend will be payable on October 13, 2023, to stockholders of record as of September 29, 2023. By declaring this dividend, Claros Mortgage Trust, Inc. demonstrates its commitment to providing value to its shareholders during these uncertain times.
Claros Mortgage Trust, Inc. is a real estate investment trust that specializes in originating senior and subordinate loans on transitional commercial real estate assets in major US markets. The company is externally managed and advised by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P.
The company’s focus on major markets across the US indicates its strategic approach to investments, as these markets offer numerous opportunities for growth and profitability. Claros Mortgage Trust, Inc. leverages its expertise and experience to identify and execute attractive loan opportunities within these markets.
Investors can find additional information about Claros Mortgage Trust, Inc. on the company’s website at www.clarosmortgage.com. The website provides comprehensive information about the company’s operations, portfolio, and strategic initiatives.
It’s important to note that certain statements in this press release may be considered forward-looking statements within the meaning of applicable securities laws. These statements are subject to various risks and uncertainties, both known and unknown, which could cause actual results to differ materially from the projected or anticipated outcomes. Claros Mortgage Trust, Inc. does not guarantee its performance in future periods and does not undertake any obligation to update or revise these forward-looking statements.
For further details and a more in-depth understanding of the company’s dividend declaration and future prospects, interested parties can visit the source version of this news release on businesswire.com: https://www.businesswire.com/news/home/20230915735520/en/
For investor relations inquiries, please contact Anh Huynh at Claros Mortgage Trust, Inc. by calling 212-484-0090 or emailing cmtgIR@mackregroup.com. Media inquiries can be directed to Kelly McAndrew at Financial Profiles by calling 203-613-1552 or emailing Kmcandrew@finprofiles.com.
In conclusion, Claros Mortgage Trust, Inc. has declared a dividend for the third quarter of 2023 and aims to establish a sustainable dividend level. The company’s focus on major US markets and its affiliation with Mack Real Estate Credit Strategies, L.P. positions it well to navigate the current real estate capital market dislocation and provide value to its shareholders. Investors and interested parties can find more information on the company’s website and are encouraged to review the forward-looking statements and associated risks outlined in the press release.