{"filings":[{"id":1038236,"accession_number":"0001104659-26-073711","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K/A","filed_at":"2026-06-15T10:30:20+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Terra Property Trust extends exchange offer deadline to June 25, 2026; notes carry 11% interest","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchange offer expiration extended to June 25, 2026; new 11.00% Senior Secured Notes due July 1, 2027 exchanged for 6.00% notes.","Cash flow projections (Apr-Sep 2026): ~$47.1M inflows, ~$51.9M outflows assuming 65.7% participation; ~$37.9M outflows if full participation.","Key cash inflows include ~$31.6M multifamily equity monetization (Sep 2026) and ~$6.0M distributions from equity/preferred investments (May-Jun).","Key outflows include ~$27.7M cash payments on Existing Notes (June 2026) under partial participation; ~$13.6M if full participation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":981556,"accession_number":"0001104659-26-072549","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2026-06-11T10:11:43+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Terra Property Trust extends exchange offer to June 25; projects cash inflows of $47.1M vs outflows up to $51.9M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchange offer for 6.00% Senior Notes due June 30, 2026 extended to June 25, 2026; new terms include 11.00% rate, first-lien collateral, shorter maturity.","Cash flow projections (Apr-Sep 2026): $47.1M inflows vs $51.9M outflows (65.7% participation) or $37.9M outflows (full participation).","June cash payments on Existing Notes: $27.7M (partial) or $13.6M (full); $13.3M secured borrowing repayment due Sept.","Anticipated $31.6M from multifamily equity monetization in Sept; $6M distributions from equity/preferred equity expected May-June."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":"2026-06-11","daily_digest_url":"/daily/2026-06-11","daily_digest_rank":7},{"id":94592,"accession_number":"0001104659-26-038710","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2026-04-02T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Terra Property Trust completes exchange of $25.6M in notes due 2026 for 7% secured notes due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchanged $24.0M of its 6% notes due 2026 and $1.55M of TIF6 7% notes due 3/31/2026 for new 7% secured notes due 2029.","New notes aggregate $25.6M, secured by equity interests in 18 subsidiaries; interest 7% payable monthly.","Indenture limits dividends to 90% of taxable income and restricts additional debt unless collateral coverage ratio ≥1.35x.","Redemption price 101% before Dec 31, 2026; 100% after; no change-of-control put.","TIF6 repaid remaining TIF6 Notes outstanding balance on March 31, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107089,"accession_number":"0001104659-26-035553","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2026-03-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Terra Property Trust Exchange Offers: 29.89% of TPT Notes tendered; consent solicitation fails","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$24.0M of TPT Notes (6.00% due 2026) tendered, representing 29.89% of outstanding.","$1.55M of TIF6 Notes (7.00% due 2026) tendered, representing 4.04% of outstanding.","Consent solicitation to amend TPT indenture failed; no majority obtained, indenture unchanged.","Exchange offers for new secured 7.00% Notes due 2029 remain subject to conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107088,"accession_number":"0001104659-26-027112","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2026-03-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Low tender uptake on exchange offers; Terra warns of liquidity concerns, hires restructuring advisors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Only 3.80% of TPT Notes ($80.4M outstanding) and 0.37% of TIF6 Notes ($38.4M outstanding) tendered as of March 12, 2026.","TIF6 had $0.4M cash vs $38.4M notes due March 31, 2026; company's promissory note to TIF6 ($48.1M) due 2027 not payable on demand.","Company had $33.2M cash; warns insufficient liquidity to repay remaining notes while remaining a going concern.","Hired Portage Point Partners (restructuring banker) and Alston & Bird (restructuring counsel) to evaluate alternatives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107087,"accession_number":"0001104659-26-002583","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2026-01-12T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Terra Property Trust reports debt reduction to ~$186M as of Dec 31, 2025","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Total debt reduced from $439M (Dec 2022) to ~$186M (Dec 2025), down over 12 quarters.","Promissory notes of $28.9M fully repaid in Nov. 2025 after borrower refinancing provided $39M.","Cash and cash equivalents of $33.0M as of Dec. 31, 2025.","Estimated debt-to-equity ratio 1.15-1.25x; net debt-to-equity 0.95-1.05x."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123429,"accession_number":"0001104659-25-119834","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Terra Property Trust reports Q3 2025 GAAP net loss of $6.7M, maintains $0.09 monthly dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss of $6.7M ($0.28 per share), driven by reduced interest income from non-performing loans and non-cash charges.","Maintained monthly cash dividend of $0.09/share; 117 consecutive monthly distributions paid since inception.","CECL reserve of $2.4M ($0.10/share); depreciation & amortization $1.3M ($0.052/share).","Portfolio of 18 assets; weighted avg gross loan yield 13.8%, avg cost of debt 7.2%; 94% floating-rate loans.","Leverage ratio 1.33x debt-to-equity; secured debt reduced by ~$203M (69%) since Dec 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123428,"accession_number":"0001104659-25-100094","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-10-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Terra Property Trust updates on plan to repay ~$200M in debt by Sept 2025","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Company intends to repay its 6.00% Senior Notes due June 2026 and subsidiary's 7.00% Notes due March 2026.","Over past three fiscal years through September 30, 2025, repaid approximately $200M under various financing obligations.","Management discussed balance sheet progress with potential investors and capital sources.","Company has deployed more conservative leverage relative to mortgage REIT sector amid higher rates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140094,"accession_number":"0001104659-25-087319","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-09-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Terra Property Trust reports Q2 2025 GAAP net loss of $9.1M ($0.38/share)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss driven by reduced interest income from non-performing loans and non-cash charges; CECL reserve of $1.4M.","Monthly cash dividend maintained at $0.10/share for 114th consecutive month.","Portfolio leverage at 1.54x debt-to-equity; weighted avg loan yield 13.8% gross, 15.0% net of leverage.","95% of loan portfolio floating rate; approximately $165M debt reduction since Dec 2023.","Management discusses potential liquidity events: IPO, direct listing, strategic merger, or conversion to non-traded REIT."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157744,"accession_number":"0001104659-25-061690","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-06-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Terra Property Trust re-elects all directors and ratifies KPMG as auditor at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Quorum of 51.95% of Class B common shares (12.6M of 24.3M outstanding) present.","All five director nominees elected: Uppal, Beless, Evans, Goldenberg, Misra received 11.56M-11.65M votes for.","Ratification of KPMG as independent auditor for FY2025 passed with 11.96M for, 284K against, 402K abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157743,"accession_number":"0001104659-25-051862","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-05-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Terra Property Trust reports Q1 net loss of $1.3M, adds $2.1M CECL reserves","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss of $1.3M ($0.05/share); driven by reduced interest income from non-performing loans and $2.1M CECL reserve.","Portfolio yield 13.9% gross, 14.4% net; 95% floating rate; leverage 1.59x debt-to-equity.","Collected $2.5M default interest from full repayment of a non-accrual loan during Q1.","Maintained 111 consecutive monthly distributions; cumulative distributions >75% of contributed capital.","Management exploring potential liquidity transactions: IPO, direct listing, or strategic merger."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":12456749.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176112,"accession_number":"0001104659-25-028578","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-03-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Terra Property Trust to discuss Q4 2024 results and liquidity plans on March 27 call","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor update call scheduled March 27, 2025 at 11:00 AM ET.","Presentation covers Q4 and full year 2024 financial performance and liquidity strategies.","No specific financial figures or guidance disclosed in the furnished presentation excerpt."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176111,"accession_number":"0001104659-25-015661","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-02-20T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Terra Property Trust amends Goldman Sachs repurchase facility, extending term","summary_kind":"llm","event_type":"debt","confidence":"medium","bullets":["Second Amendment to uncommitted master repurchase agreement with Goldman Sachs Bank USA, effective Dec 17, 2024.","Amendment extends facility term and modifies allocation of principal payments and proceeds from asset dispositions.","Full terms of the amendment to be filed with Q1 2025 Form 10-Q; no specific financial amounts disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176110,"accession_number":"0001104659-25-010098","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2025-02-06T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Terra Property Trust extends WAB revolver maturity to June 30, 2025, adds principal payment","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Seventh Amendment with Western Alliance Bank extends revolving line of credit maturity to June 30, 2025 from previous date.","Amendment requires an additional monthly principal payment beyond original terms.","Agreement effective January 31, 2025; entered into on February 4, 2025.","Revolving facility is held by Terra Mortgage Portfolio II, a wholly owned subsidiary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193019,"accession_number":"0001104659-24-121339","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2024-11-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Terra Property Trust announces Q3 2024 earnings call with liquidity plan; no specific results in filing","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Webcast and investor update conference call scheduled for November 21, 2024 at 11:00 a.m. ET.","Company will discuss financial and operational performance for quarter ended September 30, 2024 and liquidity plans.","Presentation deck furnished as Exhibit 99.1 but contains only a disclaimer and no financial data.","Ticker referenced: 6.00% Notes due 2026 (TPTA) on NYSE."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":38389164.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209389,"accession_number":"0001104659-24-092608","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2024-08-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Terra Property Trust Q2 2024 net loss $7.5M, pays $0.19 dividend; 96% floating-rate portfolio","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss of $7.5M or $0.31 per basic/diluted share; driven by lower interest income on NPLs and non-cash charges.","CECL reserve of $2.6M ($0.11/share); non-performing loans reduced to 6 from 8 in Q2.","Cash dividend of $0.19/share paid in Q1 2024; cumulative distributions ~70% of contributed capital.","Portfolio weighted-average gross yield 13.02%; net yield 15.3%; avg cost of debt 8.15%, leverage 1.75x.","96% of $415M loan portfolio floating rate; avg remaining term ~10 months; potential liquidity events discussed."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.56,"consensus_revenue_estimate":null,"consensus_revenue_actual":26182865.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209388,"accession_number":"0001104659-24-081163","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2024-07-19T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Terra Property Trust stockholders elect all six directors and ratify KPMG as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Quorum of 12.6M shares (51.66% of outstanding) present at July 16 annual meeting.","All six director nominees elected; top vote-getter Roger H. Beless received 11.8M votes for.","Ratification of KPMG as independent auditor for FY 2024 passed with 11.9M for, 0.4M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227398,"accession_number":"0001104659-24-076381","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2024-06-28T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"Terra Property Trust amends credit facility with Western Alliance Bank, extends maturity to December 31, 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extended the revolving credit facility maturity date to December 31, 2024 under the Sixth Amendment.","Eliminated the ability to make additional revolving borrowings under the facility agreement.","Decreased the minimum net worth covenant and introduced a minimum liquidity covenant for the Company.","Established an interest reserve account and removed minimum profitability and maximum global leverage covenants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227397,"accession_number":"0001104659-24-063549","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2024-05-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Terra Property Trust announces Q1 2024 investor call; no financial results disclosed in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Company to host webcast and conference call on May 21, 2024 at 11am ET to discuss Q1 performance and liquidity.","Presentation deck furnished as Exhibit 99.1 but full Q1 figures not reproduced in the filing text.","No specific metrics (revenue, EPS, NAV) provided; details only available via webcast or dial-in.","Filing under Item 2.02 but actual financial data absent, limiting immediate investor insight."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246265,"accession_number":"0001104659-24-033926","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2024-03-13T23:59:59+00:00","items":["1.01","2.03","5.02","8.01"],"status":"ready","headline":"Terra Property Trust amends three credit facilities, waives covenant, appoints COO","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amends Western Alliance Bank facility: waives Dec 31, 2023 min net worth covenant, reduces credit line, increases coupon rate, extends term.","Amends Goldman Sachs Bank facility: extends term and reduces minimum interest coverage ratio covenant.","Amends UBS AG facility: reduces maximum available to zero; waives fees and covenants from Dec 31, 2023 until amounts drawn.","Appoints Sarah Schwarzschild as COO effective Feb 27; she also serves as COO of Mavik Capital and receives no cash compensation from company.","Company announces intention to hold quarterly investor calls beginning in the near future."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246264,"accession_number":"0001104659-24-029433","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2024-02-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Terra Property Trust appoints Sarah Schwarzschild as COO effective immediately","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Sarah Schwarzschild appointed COO of Terra Property Trust, effective Feb 27, 2024.","She also serves as COO of Mavik Capital Management, an entity controlled by the CEO.","Previously Managing Director and Co-Head of BGO Strategic Capital Partners, a $3B platform.","Prior roles include Partners Group real estate secondary team, managing over $2B in capital.","Will not receive cash compensation from Terra Property Trust for COO role."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263700,"accession_number":"0001104659-23-128104","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-12-21T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Terra Property Trust: Fund 5 to distribute 14.9M Class B shares; exploring liquidity options","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Fund 5 to distribute 14,912,990.19 Class B shares to members on Dec 29, 2023, representing 61% of outstanding.","Each Fund 5 member receives 2,252.02 Class B shares per unit held.","TPT evaluating direct listing, share repurchase plan, or non-traded REIT conversion for liquidity.","Prior WMC merger terminated Aug 2023; TPT received $3M termination fee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263699,"accession_number":"0001104659-23-123618","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-12-05T23:59:59+00:00","items":["3.03","5.03","5.07","9.01"],"status":"ready","headline":"Terra Property Trust stockholders approve charter amendments enabling early Class B conversion and NASAA provisions","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders voted 20,034,169.6 for vs 34,264 against; 82.5% quorum; approval of Second Articles.","Amendments allow Board to convert Class B Common Stock to Class A upon direct listing (Early Conversion).","Automatic conversion: 50% after 365 days, remainder after 545 days from Early Conversion.","Springing NASAA provisions trigger only if non-traded REIT IPO occurs; include independent director majority, leverage cap of 300% of net assets, and related-party transaction rules.","New tender offer provisions require SEC rule compliance for mini-tender offers; stockholders have rescission rights for non-compliant offers."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280916,"accession_number":"0001104659-23-089265","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-08-09T23:59:59+00:00","items":["1.02","7.01","9.01"],"status":"ready","headline":"TPT merger with WMC terminated; receives $3M termination fee","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["WMC terminated merger on Aug 8, 2023 after receiving superior proposal from AG Mortgage Investment Trust (MITT).","TPT received termination fee of $3 million per merger agreement terms.","TPT continues to be managed by Terra REIT Advisors (TRA) under existing management agreement.","Chairman & CEO Vik Uppal expressed disappointment; TPT remains focused on maximizing stockholder value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280915,"accession_number":"0001104659-23-087054","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-08-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Terra Property Trust delivers enhanced $15.96/share proposal to WMC, topping MITT's $10.60 offer","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["TPT offers WMC stockholders $15.96/share total ($1.43 cash; $8.75M cash total) vs MITT's $10.60 ($1.06 cash; $7.0M).","Proposes management fee reduction to 1.25% of equity (vs MITT's 1.50%), providing ~$1M annual perpetual savings.","Expects merger close by Q4 2023; S-4 filing in days; 80% of TPT shares committed to vote in favor.","Combined pro-forma book value $419M (MITT: $330M) and leverage 4.0x (MITT: 9.6x), per TPT analysis.","Claims MITT's cash component is subject to downward adjustment and capped at 9.9% to avoid convertible note repurchase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280914,"accession_number":"0001104659-23-083898","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-07-25T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Terra Property Trust acquires ~5.2% stake in AG Mortgage Investment Trust (MITT), becomes second-largest holder","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Acquired ~5.2% of MITT outstanding common stock as of July 24, 2023, making TPT second-largest stockholder.","Believes MITT is undervalued; intends to consider all options to unlock value, including a strategic combination.","Remains committed to completing its merger with Western Asset Mortgage Capital (WMC) in Q4 2023.","May engage with MITT management/board on business, capital structure, governance, and strategic alternatives."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":280913,"accession_number":"0001104659-23-080839","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-07-13T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Terra Property Trust reaffirms merger with WMC, counters MITT unsolicited bid","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Combined company expected to have ~$1.2B in assets and $436M adjusted book value.","Implied consideration to WMC shareholders of $15.40/share, an 84% premium to WMC's July 12 close.","Voting agreement with ~80% of TPT shares to vote in favor; lender consents obtained.","TPT stockholders receive WMC Class B shares converting in thirds over 18 months to limit selling pressure.","Mavik committed to purchase up to $4M of WMC Class A shares post-closing to support trading."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":299578,"accession_number":"0001104659-23-077236","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-06-30T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Terra Property Trust enters merger agreement with Western Asset Mortgage; TPT holders get WMC convertible shares","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Per share exchange ratio based on adjusted book values of TPT and WMC as of determination date; no fixed cash price.","WMC will pay $7M termination fee to its external manager; reciprocal termination fees: $3M (WMC) and $6M (TPT).","Mavik Capital Management affiliate commits up to $4M of open-market share purchases post-close to support WMC Class A trading.","New management agreement with Terra REIT Advisers effective at closing: 1.5% quarterly base fee plus 20% incentive fee over 7% hurdle.","Closing expected by March 21, 2024; subject to stockholder approvals, SEC registration, and other conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":299577,"accession_number":"0001104659-23-075429","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-06-28T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"TPT and WMC merge to form $1.2B credit-oriented REIT; TPT shareholders to own 76%","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["WMC issues Class B shares to TPT stockholders; exchange ratio 0.785 based on adjusted book values as of March 31, 2023.","Combined company expected to have ~$1.2B assets and ~$436M adjusted book value; TPT shareholders own ~76%.","Vik Uppal (TPT CEO) to lead combined company as CEO and Chairman; board of eight with six TPT-designated directors.","Transaction expected to close Q4 2023, subject to stockholder approvals; Mavik commits up to $4M share purchase.","WMC valued at 100% of adjusted book (~$106M) vs. ~$56M market cap prior to announcement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":299576,"accession_number":"0001104659-23-074727","cik":1674356,"company_name":"Terra Property Trust, Inc.","ticker":"TPTA","form_type":"8-K","filed_at":"2023-06-26T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Terra Property Trust stockholders elect all six director nominees and ratify KPMG as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["19.84M shares (81.54% of outstanding) present at June 22 annual meeting; no broker non-votes.","All six directors — Uppal, Beless, Evans, Everett, Goldenberg, Misra — each received >19.79M votes for.","Ratification of KPMG LLP as independent auditor for FY2023 passed with 19.82M for, 11,044 against, 7,859 abstain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":null,"market_cap_bucket":null,"market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}