Claros Mortgage Trust (CMTG) Operating Expenses (2020 - 2026)

Claros Mortgage Trust (CMTG) posted Operating Expenses of $46.5 million for Q1 2026, down 10.6% on a QoQ basis from $52.0 million in Q4 2025, and up 23.53% year-over-year from $37.6 million in Q1 2025.

Claros Mortgage Trust (CMTG) Operating Expenses (2020 - 2026) Analysis & Trends

Claros Mortgage Trust's Operating Expenses history runs 7 years deep, the most recent figure standing at $46.5 million for Q1 2026.

  • Quarterly Operating Expenses rose 23.53% year-over-year to $46.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $187.5 million (up 14.75% YoY) and the FY2025 annual result came in at $178.6 million, up 8.27% from the prior year.
  • Operating Expenses was $46.5 million for Q1 2026 at Claros Mortgage Trust, down from $52.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $52.0 million in Q4 2025 and bottomed at $26.5 million in Q1 2022.
  • A 5-year average of $39.7 million and a median of $39.9 million in 2023 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 1456.12% in 2022, while the deepest fall reached 4.89% in 2022.
  • Claros Mortgage Trust's Operating Expenses stood at $37.4 million in 2022, then increased by 8.9% to $40.7 million in 2023, then climbed by 4.6% to $42.6 million in 2024, then gained by 22.19% to $52.0 million in 2025, then dropped by 10.6% to $46.5 million in 2026.
  • Business Quant data shows CMTG's Operating Expenses at $46.5 million in Q1 2026, $52.0 million in Q4 2025, and $46.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 63.74 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 34.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 480.31 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 110.77 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 80.37 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 21.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 17.16 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 49.45 Mn
10 Claros Mortgage Trust 310.41 Mn 193.63 Mn - 46.51 Mn

Historic Data

Download Data
DateValue
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 39.29 Mn
Sep 30, 2021 23.46 Mn
Jun 30, 2021 7.09 Mn