Earnings per Share

12 Months Ended

Dec. 31, 2021

9. Earnings per Share

Basic earnings per share (“EPS”) is calculated by dividing the Company’s net income by the weighted average number of shares of common stock and redeemable common stock outstanding during each period using the two-class method. Diluted EPS is calculated by dividing net income by the weighted average number of shares of common stock and redeemable common stock outstanding plus the additional dilutive effect of common stock equivalents during each period using the treasury stock method.

As of December 31, 2021, 2020 and 2019 there were no dilutive securities affiliated with the Company. As a result, basic and diluted EPS are the same. The calculation of basic and diluted EPS is as follows (in thousands, except for share and per share data):

	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
Net income attributable to Claros Mortgage Trust, Inc. common stockholders and redeemable common stockholders	$	170,537	$	202,378	$	168,726
Basic weighted average number of common stock and redeemable common stock outstanding (1)		134,539,645		132,980,316		111,462,928
Diluted weighted average number of common stock and redeemable common stock outstanding (1)		134,539,645		132,980,316		111,462,928
Net income per share of common stock and redeemable stock, basic and diluted	$	1.27	$	1.52	$	1.51

(1)	Amounts at December 31, 2020 and 2019 include fully vested RSUs, which includes 877,498 common stock underlying vested RSUs.