Claros Mortgage Trust (CMTG) Operating Expenses (2020 - 2026)
Claros Mortgage Trust (CMTG) reported Operating Expenses of $46.5 million for Q1 2026, up 23.53% on a YoY basis from $37.6 million in Q1 2025, and down 10.6% quarter-over-quarter from $52.0 million in Q4 2025.
Claros Mortgage Trust (CMTG) Operating Expenses (2020 - 2026) Analysis & Trends
Claros Mortgage Trust has reported Operating Expenses for 7 years, with the latest figure at $46.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 23.53% year-over-year to $46.5 million; the trailing twelve-month figure through Mar 2026 stood at $187.5 million (up 14.75% YoY), and the FY2025 full-year result was $178.6 million, up 8.27% from the prior year.
- Operating Expenses for Q1 2026 stood at $46.5 million, down from $52.0 million in the prior quarter.
- The five-year high for Operating Expenses was $52.0 million in Q4 2025, with the low at $26.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $39.7 million across 5 years, with a median of $39.9 million in 2023.
- The largest YoY upside for Operating Expenses was 1456.12% in 2022 against a maximum downside of 59.22% in 2022.
- Claros Mortgage Trust's Operating Expenses stood at $37.4 million in 2022, then climbed by 8.9% to $40.7 million in 2023, then gained by 4.6% to $42.6 million in 2024, then increased by 22.19% to $52.0 million in 2025, then decreased by 10.6% to $46.5 million in 2026.
- The last three Operating Expenses figures came in at $46.5 million (Q1 2026), $52.0 million (Q4 2025), and $46.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | Claros Mortgage Trust | 339.90 Mn | 305.79 Mn | - | 46.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.51 Mn |
| Dec 31, 2025 | 52.02 Mn |
| Sep 30, 2025 | 46.25 Mn |
| Jun 30, 2025 | 42.70 Mn |
| Mar 31, 2025 | 37.65 Mn |
| Dec 31, 2024 | 42.57 Mn |
| Sep 30, 2024 | 41.95 Mn |
| Jun 30, 2024 | 41.21 Mn |
| Mar 31, 2024 | 39.25 Mn |
| Dec 31, 2023 | 40.70 Mn |
| Sep 30, 2023 | 39.88 Mn |
| Jun 30, 2023 | 37.75 Mn |
| Mar 31, 2023 | 37.01 Mn |
| Dec 31, 2022 | 37.37 Mn |
| Sep 30, 2022 | 35.52 Mn |
| Jun 30, 2022 | 30.45 Mn |
| Mar 31, 2022 | 26.45 Mn |
| Dec 31, 2021 | 91.64 Mn |
| Sep 30, 2021 | 23.46 Mn |
| Jun 30, 2021 | 7.09 Mn |