Trusting in Claros Mortgage

• Claros Mortgage Trust trades at an 80% discount to book value, despite a more measured decline in book value per share.
• The company's high debt level amplifies the impact of asset write-downs on equity value, contributing to the stock's decline.
• Management's expertise and low exposure to troubled office space, along with a focus on multifamily projects, offer some stability.
• The recent dividend cancellation likely caused a non-financial share price drop, presenting a potential buying opportunity for undervalued shares.

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