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Claros Mortgage Trust Posts Q2 Loss While Cutting Leverage
Claros Mortgage Trust (NYSE: CMTG) announced a GAAP net loss of $1.81 per share for the second quarter of 2026, with a distributable loss of $0.63 per share. The company used $482 million of loan and REO resolutions, including $223 million of regular‑way loan repayments, to reduce its leverage by $346 million and raise liquidity to $168 million as of July 24. Watchlist loans fell from $2.7 billion at the end of 2024 to $1.1 billion after the latest resolutions.
Sphere Entertainment (NYSE: SPHR) saw its price target lowered by JPMorgan Chase to $164 from $165, while other analysts raised theirs, resulting in a consensus moderate‑buy rating. The stock fell $1.39 to $146.93, with a market cap of $5.22 billion.
BrightSpire Capital (NYSE: BRSP) reported its loan book expanding toward $3.5 billion and a shrinking watchlist, noting that the sale of its Albertsons stake removes a key refinancing risk. An analyst on Seeking Alpha rated the stock a Buy, citing the improving portfolio and a deep discount to book value.
Entities
Albertsons · Andy Witt · BrightSpire Capital · Claros Mortgage Trust · Frank Saracino · Mike Mazzei · Mike McGillis · Richard Mack · Sphere Entertainment
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] JPMorgan Chase lowered Sphere Entertainment's price target to $164 from $165. www.marketbeat.com
- [○ 1 SOURCE] Claros resolved $482 million of loan and REO resolutions in Q2, including $223 million of regular‑way loan repayments. www.marketbeat.com
- [○ 1 SOURCE] Claros Mortgage Trust reported a GAAP net loss of $1.81 per share for Q2 2026. www.marketbeat.com
- [○ 1 SOURCE] Claros reduced leverage by $346 million and increased liquidity to $168 million as of July 24. www.marketbeat.com
- [○ 1 SOURCE] BrightSpire's watchlist is shrinking and the Albertsons sale removes a key refinancing risk. seekingalpha.com
- [○ 1 SOURCE] Sphere Entertainment's stock fell $1.39 to $146.93. www.marketbeat.com
- [○ 1 SOURCE] An analyst rated BrightSpire Capital a Buy. seekingalpha.com
- [○ 1 SOURCE] BrightSpire Capital's loan book is growing toward $3.5 billion. seekingalpha.com