Claros Mortgage Trust, Inc. (NYSE:CMTG) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET

Company Participants

Anh Huynh - Vice President of Investor Relations

Richard Mack - Chairman & Chief Executive Officer

Mike McGillis - President & Director

Jai Agarwal - Chief Financial Officer

Kevin Cullinan - Executive Vice President of Originations

Conference Call Participants

Rick Shane - JPMorgan

Don Fandetti - Wells Fargo

Jade Rahmani - KBW

Steve Delaney - JMP Securities

Operator

Welcome to today’s Claros Mortgage for our Second Quarter 2022 Earnings Conference Call. My name is Candice and I will be your operator for today’s conference. [Operator Instructions]

I would now like to hand the call over to Anh Huynh, Vice President of Investor Relations for the Claros Mortgage Trust. Please proceed.

Anh Huynh

Thank you. I'm joined this morning by Richard Mack, Chief Executive Officer and Chairman of Claros Mortgage Trust; Mike McGillis, President and Director of Claros Mortgage Trust; and Jai Agarwal, CMTG's Chief Financial Officer. We also have Kevin Cullinan, Executive Vice President, who leads MRx Originations; and Priyanka Garg, Executive Vice President, who reads MRx Portfolio and Asset Management. Prior to this call, we distributed CMTG's earnings supplement. We encourage you to reference these documents in conjunction with the information presented on today's call. If you have any questions following today's call, please contact me.

I'd like to remind everyone that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in our other filings with the SEC. Any forward-looking statements made on this call represent our views only as of today and we undertake no obligation to update them. We will also be referring to certain non-GAAP financial measures on today's call, such as distributable earnings which we believe may be important to investors to assess our operating performance. For non-GAAP reconciliation, please refer to the earnings supplement.

I would now like to turn the call over to Richard.

Richard Mack

Good morning and thank you, everyone, for joining us for CMTG's second quarter earnings call. CMTG delivered another strong quarter as we continue to gain momentum across our strategic priorities in originations, asset management and capital markets activity. During the second quarter, we originated approximately $1 billion of new loans, reflecting our continued focus on the residential sector and high-growth markets such as Dallas and Atlanta.