Claros Mortgage Trust, Inc.

AI-generated fair value estimate for this company.

Method: Stressed net-asset-value runoff: current book value of $8.58/share haircut by an assumed further 40% cumulative credit-loss write-down on the legacy office/CRE loan book (consistent with the $255M Q2 2026 loss and ongoing portfolio cleanup) to a normalized runoff NAV of $5.15/share, discounted back 3 years (expected workout horizon) at a 15% required return to reflect credit and liquidity risk; 141.08M shares outstanding.

Reasoning: CMTG is a distressed commercial mortgage REIT still recognizing large quarterly credit-loss provisions on office-heavy collateral, so a standard unlevered FCF DCF is not meaningful; a haircut-to-book, discounted-workout NAV approach better captures both the realistic erosion still ahead and the time value of waiting for the portfolio to resolve.